Supply of Affordable Priced Cars Grows | FYI | Selective
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7/29/2014 - Supply of Affordable Priced Cars Grows

Anyone looking for a good car for under $8,000 should check out the most recent Kelley Blue Book.

A great way in which to keep auto insurance rates low is by purchasing a vehicle at an affordable price. With perhaps this in mind, vehicle valuation firm Kelley Blue Book recently released its selections of the best automobiles that cost less than $8,000.

Jack Nerad, executive editorial director and executive market analyst for the Irvine, Calif.-based vehicle market information company, noted that this is an ideal time of year to be in the market for a pre-owned automobile, given the variety of options there are at a low price.

"Car shoppers in the market for a used vehicle in 2014 are in luck, because as the quality of new cars continues to improve, so does the pool of used cars," said Nerad. "The Honda Civic tops this annual list again with a bulletproof reputation for reliability and long-lasting quality. The fuel-efficient Civic is comfortable on the highway, responsive around town, and maintains its solid, refined feel for many years."

Most of the cars that pinpointed as combining both quality and affordability were foreign models, including the 2011 Hyundai Accent, 2005 Toyota Camry, 2007 Mazda3 and 2005 Volvo S60. The one domestic name plate to make the top 10 cut was the 2007 Chevrolet Silverado 1500.

According to a recent study commissioned by global marketing information services firm J.D. Power and Associates, nearly 70% of luxury vehicle owners and 46% of buyers in the mass market had a prepaid maintenance package the first year in which their car was purchased. That's up from 35% and 15%, respectively, in 2009. Extra money in buyers' pockets, thanks to purchasing vehicles that are inexpensively priced, may explain why more consumers are securing these maintenance packages. 

For more information on special auto insurance deals Selective is offering, be sure to talk to an independent agent in your area.

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