Suv With Lowest Insurance Rates - Minivans and small SUVs are on average the most expensive cars to insure compared to other vehicles. In addition, large sedans have the most expensive car insurance in the industry.
Car insurance costs are higher for some vehicles for a variety of reasons - a car with high repair costs, a poor safety record or few anti-theft features may cost more to cover.
Suv With Lowest Insurance Rates
The Honda HR-V was the cheapest car to insure out of the 50 vehicles we looked at, with an annual car insurance cost of $2,333.
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This is 16% less than the average annual price for all the vehicles we surveyed. In addition, the cost of insuring the CR-V was $1,893 less per year than the most expensive car to insure - the Tesla Model S.
In fact, vehicles valued between $25,000 and $30,000 had the lowest car insurance rates at $2,631 per year on average – 7% less than the cheapest cars valued under $20,000.
However, the most expensive cars - those worth more than $40,000 - spent the most on insurance, with an average annual car insurance price of $3,459. This group includes the Lexus SUV and two Tesla models.
Car buyers usually have a specific type of vehicle they are looking for when shopping for a new car. For example, if you need a vehicle that can hold a lot of passengers, you're more likely to look at an SUV or minivan.
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Americans have a wide variety of car brands to choose from when shopping for a new vehicle, and some cars are guaranteed to be more expensive than others. For example, a Mazda or Volkswagen would be cheaper to insure compared to luxury brands like Lexus or Tesla.
In general, one would think that large or fast cars would be the most expensive to insure. However, SUVs, minivans and minivans were on average cheaper to insure than compact cars.
However, the two most expensive vehicles to insure were among the most expensive: the Tesla Model 3 and the Lexus RX.
Insurers set their premiums based on the likelihood that the driver of a particular vehicle will make a claim and the expected costs if they are involved in an accident.
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If drivers of a particular car ask for a higher rate - even if they have a good driving record - they will have to pay more.
This is why sports cars, which are more likely to be involved in accidents due to their high performance, are often expensive to insure.
Vehicles that cost more to repair - or have a high market value - often have higher insurance rates. This is because insurance companies expect to pay more for comprehensive and any accident insurance claims, which cover the cost of repairing or replacing your vehicle, for high-priced cars. Because of this higher risk for insurers, they increase premiums. This is also why auto insurance rates can decrease as your car ages – increasing replacement parts can make repairs cheaper.
Your rates, as they can reduce the risk or severity of an accident, especially in terms of injury. Although vehicle damage claims are more common than physical injury claims, the average payout for the latter is much higher.
The Cheapest And Most Expensive Cars To Insure
Finally, car theft plays a role in your rates. Some cars are stolen more than others, so if you drive one of these cars, your rates may be higher. However, drivers should keep in mind that there are many other factors that affect car insurance rates, such as age.
Collected insurance quotes for 2022 models from the 50 best-selling cars in 2021 using sales for the first nine months of the year. Ratings were not yet available for all 2022 car models. In those cases, we included the 2021 model year.
All sample rates are the Illinois state average for a 30-year-old with a good driving record. All quotes are for full coverage. We've included rates from the nation's five largest insurers: State Farm, Progressive, Geico, Allstate and USAA.
For an insurance quote over the phone, call: (855) 596-3655 | Sellers available 24 hours a day, 7 days a week! The cheapest SUVs are not always the cheapest. When you factor in things like depreciation, maintenance and fuel costs over the entire 5-year ownership cycle, sometimes a more expensive SUV can be more affordable in the long run. Here are the 10 cheapest SUVs in 2021, ranked by Kelley Blue Book's 5-year cost of ownership data for each base model. More reviews »
How Car Make And Model Impact Auto Insurance
The 2021 Toyota C-HR has a low price tag with sharp styling and a strong reputation. Read more "
Allyson Harwood is an author specializing in Top 10 lists, Kelley Blue Book's annual awards programs, and new vehicle reviews. Starting in the automotive industry right out of college, she has reviewed and written about trucks, SUVs and cars, from a consumer and enthusiast perspective, for nearly 25 years. Allyson has previously written for Motor Trend, Truck Trend and Four... Read more about Allyson Harwood
The last mile describes the last step of transportation in the distribution system with the delivery of goods from the retailer...
A kilowatt-hour (kWh) is a measure of the energy required by a device for one hour, ...
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A kilowatt (kW) is a measure of electrical energy equal to 1,000 watts. For example, ten 100 W light bulbs are needed... The cheapest used car in 2022 is Chrysler Voyager L, and the most expensive used car is Maserati Ghibli GranSport up to .
| Review: Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health and disability insurance professional. She has extensive experience in bringing brands to life and has created bespoke campaigns for travel and technology. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and an end-of-life planning service. | Updated on November 7, 2022
At , we are committed to providing you with honest and reliable information so that you can make the best financial decisions for yourself and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain our editorial integrity, so our recommendations are unbiased and based on a comprehensive list of criteria.
There are many advantages to buying a used car: Your car's value has already depreciated, so you won't pay as much as a new model, and you may have more room to negotiate the sale price. Buying a used car can save you money on both the purchase and car insurance, but it's important to do your homework to find the right car insurance coverage for your situation.
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There are steps you can take when buying a used car to make sure you get the car you want and the right used car insurance to protect it. Car insurance can be a major factor when buying a car and you should always compare insurance premiums for any vehicle you are considering.
According to the data, the cheapest used car model is Chrysler Voyager L at $1,267 per year, but the most expensive used car model is Maserati Ghibli GranSport at $4,191 per year.
Several factors determine used car insurance rates. Insurance companies take into account certain insurance rate factors, such as where you live, your driving record and credit score.
However, one of the most important factors for an insurance provider is which car will be covered by your car insurance policy.
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"Used car insurance costs are lower because they are so expensive to replace. If your vehicle is very old and you have paid for it in full, you can lower the total price by dropping comprehensive and collision coverage. "
A family vehicle with safety features will almost certainly have cheaper insurance than a sports car, regardless of whether the vehicles are used or new.
When we analyzed comprehensive coverage for popular vehicles between 2006 and 2021, we found that the cheapest used car that costs $922 a year to cover is the 2006 Honda Odyssey LX.
On the other side of the equation, the 2015 Porsche 918 Spyder is the most expensive used vehicle with an annual price tag of $5,239.
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Some cars are much more expensive than others. These are the most expensive used cars in 2021, based on full coverage 100/300/50 liability coverage plus comprehensive and collision with a $500 deductible.
If you don't have a lot of money to spend on car insurance, you could save a ton by choosing one of these models. These are the cheapest used cars based on 100/300/50 liability coverage with a $500 deductible on comprehensive and collision coverage.
When trying to find out how much used car insurance is, it helps to know which vehicles are the most expensive. These are
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