What does car insurance cost for a Ford Fiesta?

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What does car insurance cost for a Ford Fiesta?

via Car Insurance Comparison by webfriendlywriters on 11/27/11

claims car insurance The 2012 Ford Fiesta sedan is high on the list of the most popular entries for this class, in this model year, among reviewers. In fact, US News and World Report ranked it Number One among 35 affordable small cars. Among its many great features is the total cost of ownership, which includes retail price, taxes and fees, repair costs, and gasoline usage. The annual cost of insurance, which also figures into the total cost of ownership, is also extremely affordable.
With so many options available, searching for car insurance rates can be complicated, but we make it easy when you enter your zip code above.
Intellichoice estimates the average annual cost of insurance over a five-year period to be about $1,100 for the Fiesta four-door sedan; the hatchback is just a couple of hundred dollars more over the same period. That's not a bad price when you consider the total cost of ownership for this vehicle to be just under $7,000 annually. Ideally, you don't want your insurance to be more than 18%-20% of your total cost, and the Fiesta comes in at just 15%.

How does the Ford Fiesta fare in safety ratings?

According to Edmunds the 2012 Ford Fiesta model has not yet been rated for safety by the National Highway Traffic Safety Administration (NHTSA). However, the Insurance Institute for Highway Safety (IIHS) has done their tests and gives the Fiesta good marks all the way around. Testing was done for front and side impact, roof strength in case a rollover, head restraints, and a rear impact.
It's important to note that safety ratings do have an effect on the total cost of car insurance. Insurers consider safety due to the fact that they are providing bodily injury coverage for passengers in the vehicle. The safer a car is, the more likely that an accident will result in minor injuries. The less safe a vehicle, the more serious injuries can be; which ultimately adds risk to the insurance company. The IIHS ratings are just one of the many resources insurance companies use to assess the safety of a particular vehicle.

Does the Ford Fiesta have any specific safety features or equipment?

The Ford Fiesta has quite a few features insurance companies love to see in new cars. For starters, it has an all-wheel anti-lock braking system, dual side airbags, and head airbags for both front and rear. Just these three features alone have a very significant impact on car insurance rates because they do wonders for passenger safety. Throw in extra features like stability control, traction control, child safety locks on the doors, and anchors for child car seats, and you have a four-door sedan which is considered as safe for passengers as possible.
There are some other features car insurance companies will look for in terms of theft; things like alarm systems, a locking steering wheel, and security keys. But these things don't apply to most economy class vehicles like the Ford Fiesta. Cars that do include them will enjoy a lower rate for comprehensive insurance that covers against theft. If you don't carry comprehensive insurance, these extra features won't have an impact on your annual premiums.

Why is the insurance on my Ford Fiesta so much higher than the national average?

When companies like Intellichoice calculate the average cost of insurance, they have to take into account a variety of factors. Among them is the fact that different states have different regulations that affect insurance costs. If your premiums are significantly higher than the national average it could be because you live in a state, like New York, where insurance costs are just higher. It could also be that your driving history is suspect, leading the insurance company to charge you more.
Remember that average insurance costs are calculated based on the assumption that a driver's record is clean. If you have excessive tickets or accidents on your record you can expect your insurance costs to be significantly higher. Not only that, but how long tickets and accidents remain on your license differs from state to state. This could also result in your premiums being significantly different than a friend or relative with a similar driving record in another state.
Overall the Ford Fiesta is a very affordable four-door sedan. It offers a lot of features for the average family looking for a compact car on a limited budget. And with an MSRP of about $15,000, you get a vehicle that should last for many years beyond the settlement of your loan. What more could you ask for?
You can start searching for car insurance quotes for your Ford Fiesta by entering your zip code into the box below.

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