Top 10 Insurance Myths Explored

Sedans are more affordable to insure than coupes:

This myth is bolstered by the idea that sedans are driven by family types who are more careful on the road, while coupes are piloted by flashier and more aggressive drivers. However, insurance rates are based on the statistics related to the drivers. Some sporty cars are commonly driven by older, more mature people (mid-life crisis). As experienced drivers are generally more responsible on the road, they are less likely to speed or be at fault in an accident, resulting in lower insurance premiums. This makes sports cars like the Mazda MX-5 a bit easier to insure than some sedans.

On the other hand, affordable compact sedans are popular with younger buyers due to their low price, good fuel economy and the fact that they’re easy to find. Statistically speaking, younger drivers are more prone to moving violations and their inexperience could lead to more accidents. Consequently, low-cost compact cars can actually come with relatively high insurance premiums.