Cheap Auto Insurance: Should You Trade Down Your Ride?

Usually, the Opting for Cheap Insurance ?type of car you drive is one of the last things to cross your mind when you shop for auto insurance. But what you drive often plays a huge part in the price you’re quoted when you run your details through a vehicle insurance comparison tool. Why? Because some cars are far more costly to insure than others.

All of this begs the question: is it economically sound to own a car that costs a small fortune to insure? The answer to that question depends entirely on you and your financial situation. To help you decide, here are a few questions to ask yourself when you shop for auto insurance:

• Is what I drive important enough for me to have to pay higher insurance premiums for it?
• How important is it to me to save money on auto insurance?
• Will cutting down on my monthly insurance premiums help out my overall financial health?

Depending on what your answer is to any of the questions above, you might arrive at the conclusion that trading down for a vehicle that’s much cheaper to insure is the smartest thing to do. However, if you’re in a position to be able to pay significantly higher premiums with minimal pain to your pocket, there’s no reason to sacrifice your dream car. Regardless of which route you take, be sure to use a vehicle insurance comparison tool to ensure you never pay more than you should for car insurance.