Check car insurance before you buy

January 21, 2011 5:22:23 AM PST
Most new car shoppers check sticker prices and fuel efficiency ratings, but there's something else to check to save money on your car purchase.

According to spokewoman Jeannine Fallon, "Car insurance makes up about 25% of your automotive finances. So, you definitely want to research what a new car is going to cost you in insurance so that you don't get caught off-guard."

Edmunds has compiled a list of the cars that are the least expensive to insure.

The least expensive Sedans to insure are the Volkswagen Jetta, then the Chevrolet Aveo and the Suzuki SX4.

The least expensive hatchbacks to insure are the Smart Fortwo, then the Chevrolet HHR and the Nissan Cube


The site also ranks SUV-Crossovers, Trucks and Coupes.

Click here to find the rankings.

And it's not just car-buyers who should check insurance costs.

"Leasing is so appealing to people because you can get more car for the money," Fallon says. "However, the more car you buy, the likely more expensive the insurance is going to be and you need to do that research before you commit to a lease. "

Fallon suggests calling your insurance agent prior to committing to any new car sale or lease, to get a quote.

For tips on buying car insurance, click here.

And to check out Edmunds' "True Cost To Own" index, click here.