Buying a car can be a fun experience for some; however for the majority of us, we do not look forward to the actual process of shopping for that new car. Even though driving off in an automobile with that new car smell can be exciting, some of the excitement felt after purchasing a vehicle, I am convinced, comes from the thrill of knowing that the actual shopping process is over! After all, there are so many things to consider when choosing a car that will get you the most “bang for your buck”. One important factor when deciding which car will ultimately be the most economically friendly is the car's insurance rate. Although the insurance that we pay each month can sometimes be as much as the payment itself, we still forget to make that important call to our friendly insurance agent to get a quote on car insurance BEFORE signing the purchase agreement. There are some features found on particular cars that make the cost of insurance coverage skyrocket. Look for these things when shopping for a new car, as they will help you determine whether they are likely to have a higher or lower insurance rate.

Horsepower
Automobiles with a V-8 engine will likely be more expensive to purchase insurance for. The less amount of horsepower that the car has under the hood, the less the insurance rate is likely to be for that car.

Sports/High Performance Vehicles
If you are looking to decrease your insurance rates, you should definitely stay away from cars that are classified as a sports car or as a high performance vehicle. These cars are designed for speed, and therefore, they are more likely to be driven unsafely. The insurance companies are aware of this and they usually hike up the premiums for these types of cars.

Luxury Vehicles
A luxury vehicle is a larger risk for an insurance company since they are worth a large amount of money. These cars are sure to raise the amount of car insurance that you pay each month compared to some less expensive automobiles.

Technologically Advanced Features
Cars with navigation systems, GPS locators, and/or other technological features that are less common on more moderately priced vehicles, will probably increase your car insurance. Therefore opt out when offered these features on a new car and avoid them on a used car in order to save on car insurance.

Very Large or Small Automobiles
Very large SUV's and very small compact cars are more of a risk for those who are involved in an accident, since large SUV's are prone to tumble over and very small vehicles are known to collapse, these automobiles pose more of a risk to in insurance company. This added risk is the reason for increased rates on these types of cars.

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