Which auto insurance company is cheapest for new buyers?
A new survey of new car insurance plans from auto insurance giant General Motors finds the cheapest for a new car.
According to the survey, the most expensive auto insurance policy offered to new buyers is GM’s Chevrolet Suburban.
The company offers the lowest annual premium for the cheapest rate.
The cheapest option is from Ford, at $1,300 a year, but that comes with a deductible of $6,000.
That’s a huge premium for a brand-new car.
It’s also a big premium compared to the $2,100 premium for GM’s next-lowest-priced vehicle, the Ford Fusion Hybrid.
That comes with an annual deductible of up to $7,000, with the deductible going up to up to a maximum of $9,000 a year for full-time drivers and $10,000 for part-time and occasional drivers.
The bottom line is that it’s a great deal if you’re just starting out.
But if you plan on buying a new vehicle and you have a large down payment, the $1.1 million price tag could put you out of luck.
The study, conducted by a group of auto insurance analysts and financial advisors, found that the average car insurance policyholder is paying an average of $1,-900 a year in premiums for a car they have never owned.
But with a $1 million down payment and $8,500 deductible, the average insured is paying $5,500 a year.
That compares to the average for all Americans who have $75,000 in credit card debt, according to the National Low Income Housing Coalition.
That means that an average insured paying $2 million in auto insurance is paying roughly $500 more than the average American earning $75 in credit debt, the survey found.