There are all sorts of car features that have an impact on whether you have to pay more or less for your insurance, so it can often be hard to know exactly which cars are likely to give you the cheapest car insurance offers. A good example of this dichotomy is the issue of popular cars: does having a popular car mean you have to pay more or less for your insurance?
There are two sides to this story. On the one hand, having a car that is popular with lots of people can sometimes give you cheaper car insurance premiums. This can be for a variety of reasons, including the fact that certain cars are popular with a particular demographic of people who are considered to be low insurance risks, as well as the fact that popular cars are often popular for a good reason, such as their safety score. Popular cars usually also have a wide variety of spare parts available, which means that repairs are easier and typically cost less, which can also be good for insurance purposes.
So, having a popular car can be good if you are looking to save money on insurance costs. However, there is another side to the issue. After all, sometimes when we say ‘popular’, what we really mean is ‘desirable’ – and desirable cars are often the targets of thieves. This adds to their risk factor, which means your insurance premiums could actually go up. This is especially the case if the cars in question are also expensive and powerful, as these are additional factors that can push up the cost of insurance.
This means it can be hard to tell the impact of a car’s popularity on car insurance costs, as it needs to be taken in conjunction with other factors, such as the kind of people who buy the car, how ‘desirable’ it is, how safe it is, the size of the engine and how much it costs.
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