What is the best car to buy for my teenager that would not cost too much on my monthly car insurance payments?

Nick

Buffalo, NY

As you probably already know, the make and type of a car greatly influences the assessment of insurance premiums. So, it is very important that before you go ahead and buy the cheapest car out there, knowing how the car will be rated based on the category devised by car insurance companies will help you achieve that low monthly car insurance payments.

Car insurance providers have divided vehicles into twenty categories. This, they did as a guideline to better help them in their assessment as there are so many types of cars out there in the market. The higher the category your car belongs in, the more expensive the premiums will be.

So, if you are planning to buy your teenager his or her own car, then choose the car that belongs in the lowest category. These are usually small cars that have low performance engines. You might also want to buy a previously owned car as this will be much cheaper to insure. This is because the car’s value has already depreciated, and the cost to have it replaced in case it gets totaled will also be cheaper for the car insurance company. Before you allow your teenager to have full control of the wheel, make him or her take a defensive driving course as this will automatically lower your monthly car insurance payments.