World’s Cheapest Car Could Mean Cheaper Car Insurance Quotes
Saturday, January 16th, 2010According to the article “Cheap Car From India Could Cost $8,000 in US” by Tom Krisher found on autos.yahoo.com, the world’s cheapest car is coming to the US market. Unfortunately, once India’s Tata Nano is redesigned to meet emissions and safety standards, the US price will be going up.
The Tata Nano should be ready for distribution within the next 3 years and it is unknown exactly how much the car will cost. In India, the car costs the equivalent of $2500, making it the world’s cheapest car. Warren Harris, who is the Tata Technologies president, says the price will be more in the US and it’s estimated by some to be around $8,000.
Even $8,000 is a very affordable car by American standards. Currently, according to the Edmunds.com automobile website, the cheapest new car on the US market is the Hyundai Accent at about $9970, so $8,000 is very competitive. This also translates to lower car insurance quotes for those who buy this car since it will be cheaper to replace the car if it is damaged.
