When purchasing a new car, many neglect to consider the impact insurance rates will have on their budgets. At times, an individual may be able to afford the monthly payments on their car; however, they struggle to pay the increased insurance rates that are a part of having a financed vehicle. Luckily there are a number of new cars that are relatively inexpensive to insure, allowing prospective car buyers to take the plunge and make their purchase.
Mazda Tribute I
As of 2010, the Mazda Tribute is the least expensive car model to insure. The Tribute is considered a small size SUV and comes with two-wheel drive and a wide variety of available upgrade options. The base model, the Mazda Tribute I, costs an average of $1,070 per year to insure, making monthly payments an affordable $90 per month. The 2010 Tribute comes complete with storage room and upgrade options such as a six-disc CD player, backup camera and heated front seats and gets approximately 22 MPG. The MSRP for the base model is about $21,000.
Honda Odyssey LX
As of 2010, the Honda Odyssey LX averages $1,095 per year to insure, providing drivers with low monthly premiums of about $92. The minivan is considered sleek in styling and comes with the newest technology. Power sliding doors are included, along with navigation systems, Bluetooth capabilities and climate control to provide luxury and comfort for both drivers and passengers. Owners can expect an average of 16 MPG for the 2010 Odyssey, and the suggested MSRP is about $27,000.
Car buyers looking for a sedan or wagon that comes with affordable insurance may select the 2010 Dodge Caliber. Average yearly premiums are approximately $1,200, adding only $100 to a customer's monthly budget. The Caliber features the compact design of a sedan combined with the versatility of an SUV. Buyers may choose from a number of upgrade options including sport wheels, and the technology offered by Dodge's UConnect service combines hands-free calling, satellite radio and navigation in one easy to use location. The average starting MSRP as of 2010 is approximately $18,000 and drivers can expect to receive 31 MPG.
- Photo Credit Car image by cacheman from Fotolia.com
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