Automobile.com Compares Cost to Insure High Ranking U.S. Vehicles
LOS ANGELES, July 24, 2012 /PRNewswire/ — Automobile.com responded to recent reports suggesting U.S. car sales have slowed during the first two weeks of July in the latest insurance cost comparison report. Despite the slowing, CBS News released a report showcasing five U.S. cars that rank high in quality and reliability based the reviews of several agencies. The five cars included in the report were: Cadillac CTS, Buick LaCrosse, Ford Flex, Chrysler 300 and Ford Focus. Automobile.com commissioned a survey comparing the cost to insure each of these models.
According to the survey, the Ford Focus is the cheapest vehicle to insure at an average of $747 annually. The Buick LaCrosse came in second at $814, the Cadillac CTS was third at $890 and the Chrysler 300 averaged $1052. The average cost to insure the Ford Flex was undetermined due to insufficient responses.
“Despite the fact that sales have slowed a little during the first half of July, there is a bright spot for some of the domestic automakers,” Automobile.com columnist Andrew Evans said. “We further examined the vehicles that are highly rated to see how the value translates into the overall cost to insure.”
The aforementioned article was an extension of a previous study comparing the “Big Three” American automakers. The study concluded the average cost to insure vehicles from the three largest American automakers was statistically similar based on user responses. The company encourages consumers to compare car insurance quotes using the comparison feature on the site in order to ensure they are receiving the best coverage at an affordable rate, according to Evans.
“We our confident our users will find relevant information that can help them save money on insurance for any vehicle type,” Evans said. “Our commissioned surveys provide unbiased, user-driven data that is relevant and allows us to compare vehicle ownership costs at a deeper level.”
The newest study, along with all prior studies is available in the Automobile.com Research section of the website. For more information, visit http://www.automobile.com/research.html, follow @Automobilesite on Twitter or “like” the company on Facebook.
Disclaimer: This press release is for informational purposes only. The data, facts, figures, and estimations included in the press release were obtained from several public and private institutions in addition to consenting user responses through commissioned surveys. Automobile.com is in no way affiliated with any person or company heretofore mentioned and makes no warranty or guarantee of the authenticity, accuracy or permanence of the information presented in the press release.