October 31, 2006
A Buick Rendezvous, GMC Sierra 1500, Dodge Caravan, and Mercury Grand Marquis GS are among the 2007 model vehicles with the lowest cost to insure in the SUV, truck, van, and car categories, respectively, according to the latest analysis by Runzheimer International, the Wisconsin-based firm specializing in total employee mobility.
Several factors are involved in the makeup of vehicle insurance: factors such as the make of car, how often you drive the car, where you live, your age, gender, marital status, and your driving history. Runzheimer International took this one step further to identify the 2007 model vehicles with the lowest cost to insure based on cost to repair, how easily the vehicle is damaged, and statistically how often the vehicle is stolen (See Table 1).
"When purchasing a new vehicle, it's important to discuss the vehicle’s insurance rates with your insurance provider and keep your driving record in mind," states Dave Friedlen, Runzheimer's Director of New Product Development, Business Vehicle Services. "Ultimately, you may decide to get that safe, no-frills family sedan instead of a racy little sports car to keep your insurance premiums more manageable."
Table 1: 2007 Model Vehicles with Lowest Cost to Insure
(within SUV, Truck, Van, and Car Categories)*
SUVs |
2007 Buick Rendezvous CX FWD 4DR 3.5L 6CYL |
2007 Ford Escape XLT 4WD 4DR 3.0L 6CYL |
2007 Honda Pilot LX 4WD 4DR 3.5L 6CYL |
Trucks |
2007 GMC Sierra 1500 SL Classic 2WD 8FT 2DR 4.3L 8CYL |
2007 Ford F150 XL 2WD 8FT 2DR 5.4L 8 CYL |
2007 Chevrolet Silverado 1500 SLE Classic 2WD 8FT 2DR 4.3L |
Vans |
2007 Dodge Caravan SXT 4DR 3.3L 6CYL |
2007 Chevrolet Uplander LS 2WD 4DR 3.9L 6CYL |
Cars |
2007 Mercury Grand Marquis GS Sedan 4.6L |
2007 Ford Crown Victoria LX Sedan 4.6L |
2007 Toyota Camry Sedan 2.4L 4CYL |
*Runzheimer International evaluated the cost to insure more than 300 2007 model vehicles.
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About Runzheimer International
Founded in 1933, Runzheimer International serves 60 percent of the Fortune 500. Recognized for providing innovative solutions relating to total employee mobility, Runzheimer is the global leader in business vehicle reimbursement programs, travel management consulting, employee relocation and compensation, virtual offices, and corporate aircraft.
For more information, contact Luella Dooley at Runzheimer International, Runzheimer Park, Rochester, Wisconsin 53167, (262)971-2277, ljd@runzheimer.com, www.runzheimer.com.
