What is the most affordable car in reference to insurance for a teenager?
We will be buying a car for our teenager soon and need to know what has the cheapest insurance.
Answer
There are many factors that affect auto insurance rates, with the main factor being the car. here is a list provided by the insurance bureau of canada, that lists all cars and how their risk factors compare to each other. http://www.ibc.ca/en/car_insurance/documents/brochure/how_cars_msr_up-1993-2005.pdfin each category, 100 is the average rating, so if your car is rated 150, it is 50% above average, or 50 is 50 % below average. lower numbers are more favorable. you can get free quotes at http://www.kanetix.ca , they compare all the companies in your area and then give you the 5 best prices!
