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Switching To Small Car May Increase Insurance

POSTED: 1:56 pm EDT July 18, 2008
UPDATED: 2:25 pm EDT July 18, 2008

Smaller cars may not end up saving consumers money.

Consumer reporter John Materese reported small sporty cars are wrecked more and suffer more damage, which leads to higher medical bills.

www.insure.com said a Honda Civic on average will cost $400 more per year to insure than a Toyota minivan or Ford pickup truck.

There been a surge in demand for small cars, prices of used models are soaring, The Wall Street Journal also reported.

Meanwhile the values of SUVs are plunging on Ohio lots.

The Journal said a two-year-old Toyota Prius, Honda Civic, or Mini Cooper will cost almost as much as a new one.



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