The car insurance premium is closely linked to the type of vehicle you drive. The model, power, finishes and even the brand play a determining role in the price of insurance. Here are the car models that benefit from the most affordable premiums.
Criteria that influence the cost of car insurance
THE car insurance price can vary significantly from driver to driver based on various criteria. The driver's personal characteristics play a major role in calculating the insurance premium. Factors such as age, address, profession or activity and the seniority of the driving license are taken into account.
Driving history, including the number of claims reported during the year, is closely examined by insurers. This information is used to determine the bonus/malus coefficient, which can increase (auto penalty) or reduce (auto bonus) the amount of insurance premium. For drivers looking for ways to reduce the cost of car insurance, it is advisable to use an online comparator.
The specifics of the vehicle also have a significant impact on the calculation of the price of car insurance. Elements such as the brand, model, type of car (used or new), tax power (expressed in CV tax horses), age of the vehicle are taken into consideration.
Insurers assess certain types of vehicles as having a loss risk higher than others. Therefore, the insurance rate for a powerful, high-value car will generally be higher than that of a used car with a small engine. Finally, vehicle use criteria, such as the frequency and purpose of trips, can also influence the cost of car insurance.
car insurance price criteria
Top economical car models in terms of insurance
When it comes to choosing a economical car insurance, city dwellers are often at the top of the list. Among the top models, the Renault Twingo III stands out with the most affordable premiums, whether third-party or comprehensive.
The latter is closely followed by the Suzuki Celerio, which displays monthly premiums of less than €15 for a third party and around twenty euros for all risks. The Skoda Citigo comes in third position.
Although the Peugeot 208 is the best-selling car in France, when it comes to insurance, it is positioned at the bottom of this ranking. To insure this car for a third party, you need to budget around €14.41 per month, and around €29.56 per month for all risks. Compared to a Suzuki Celerio, this represents a difference of approximately 13% more at third and 43% more at all risks.
Some sedans and compacts are also relatively affordable in terms of insurance. Models such as the Ford Fiesta, Toyota Yaris or Hyundai i20 are examples of compact vehicles offering competitive insurance premiums.
Why are small city cars often cheaper to insure?
City cars are most of the time cheaper to insure for several reasons. These vehicles are generally low-powered, which means they are less likely to be involved in serious accidents. Their design is specifically adapted to short trips in town, where speeds are generally lower, thus reducing risk of claims important.
Compared to larger vehicles such as urban SUVs, city cars therefore present a lower risk for insurance companies, which translates into lower premiums. For example, on average, insure against third parties or at all risks a Dacia Sandero will cost 21% and 23% respectively more than a Renault Twingo III.
The other reason for the affordable price of city car insurance is the relatively low maintenance cost of these vehicles. City cars tend to be less expensive to repair if damaged. They are often equipped with standard parts and their compact size facilitates access to mechanical components.
The impact of safety and driving assistance devices on insurance premiums
Advances in car safety and driving assistance devices have a significant impact on car insurance premiums. These devices play an important role in reducing accident risks and damage.
Research has shown that more than 90% of car accidents are attributable, in whole or in part, to human error. This is where driver assistance systems come in to help mitigate this human factor in road accidents.
Technologies like emergency braking systems, lane keeping assists and reversing cameras are designed to detect dangers. This helps drivers respond faster and safer. As a result, insurance companies view vehicles equipped with these devices as less risky, which can result in lower insurance premiums.
How do the age and power of the vehicle affect the price of insurance?
The age and power of the vehicle are two important factors that influence the car insurance prices. In general, older vehicles tend to be less expensive to insure than new vehicles. This is because their market value is generally lower, which reduces replacement or repair costs in the event of a disaster.
On the other hand, insurers believe that cars with more robust engines are likely to be driven more aggressively, which increases the risk of accidents. For this reason, they adjust their rates accordingly to reflect the increased risk.
In the event of an accident, engine power can influence the severity of damage. Vehicles with higher power often have the ability to cause more widespread damage, which can result in compensation costs higher for insurance companies.
Source: https://www.vandessel.be/fr/connaissances/impact-systemes-d-aide-a-la-conduite-sur-l-assurance-voiture