Find the Cheapest Insurance Quotes in Your Area
Some cars are more expensive to insure than others. Auto insurance costs are more expensive for certain cars for a variety of reasons, such as some vehicles being more expensive to repair, having worse safety records, or having fewer anti-theft features. While other factors also influence rates, sometimes to a much greater degree, we found the car which you drive can cost you upwards of $250 per year more on your insurance. We took a look at over 70 of the most popular models on the road today to see which were the best to insure for a sample 30 year old male driver.
- The Cheapest Car to Insure
- The Cheapest Car Make to Insure
- The Cheapest Car Body Type to Insure
- Why Does the Type of Car Affect Insurance Rates?
What is the Cheapest Car to Insure?
We found the Toyota Tundra was the cheapest car of the 85 most popular models to insure. To analyze each car, we got quotes from multiple companies from the five cities across the country for a sample 30 year old driver. Our researched compared insurance quotes for over 70 different types of cars. The following table shows which models were the cheapest to insure, using the average of the costs in the five cities.
|Rank||Car Name||Average Yearly Rate||Average Value||Type of Car|
|1||Toyota Tundra||$1,680||$35,617||CrewMax Cab|
|29||Toyota Tacoma||$1,791||$25,064||Double Cab|
|31||Nissan Frontier||$1,801||$22,476||King Cab|
|62||Chevrolet Colorado||$1,907||$26,890||Crew Cab|
Surprisingly, the most expensive cars were not always the most expensive to insure. Cars worth as little as $15,000 or as much as $40,000 can be found near both the top and bottom of the list. What we did find, however, was that certain makes and car types tended to be priced consistently with regards to insurance. The absolute dollar amount to insure certain vehicle models varies by city, but the relative price difference between models, however, remains fairly constant.
Find the Cheapest Auto Insurance Quotes in Your Area
Which Car Make Costs the Least to Insure?
Americans have a large list of car makes to choose from when it comes to shopping for a car. Our analysis found that certain car makes tend to skew a bit more expensive than others. For example, we found Volkswagens and Kias tend to be cheaper to insure while more luxury style makes, like BMWs, are on the more expensive side of things.
|Rank||Make||Average Yearly Rate|
|8||Mercedes - Benz||$1,801|
While there are many other types of car makes on the market, those above represent the ones driven most by Americans. Interestingly, there is little diversity among pricing for different models within a make. For example, the difference to insure the most expensive Chevy and the least expensive Chevy is only about $40.
What is the Best Type of Car to Insure?
Beside make and model, the type of car also plays a role in how much a car cost to insure. Below you can see which types of car are usually cheaper to insure:
|Rank||Type of Car||Average Yearly Rate|
Large or fast vehicles are usually more expensive to insure according to our findings. Crew cabs, or pickup trucks, are often involved in more heavy duty and industrial operations, making them more expensive to insure. Interestingly however, a CrewMax Cab like the Toyota Tundra proved to be one of the cheapest cars to insure. Coupes on the other hand, like the Chevy Camaro or Dodge Charger, are fast cars that insurers tend to rate more cautiously.
Why Does the Type of Car You Drive Affect Your Insurance Rates?
Insurers set their prices based on the actions of a large "pool" of drivers. Thus, if one particular vehicle is getting into many accidents, everyone who drives that car, even if they themselves have a good driving record, will have to pay more. Other factors also make a particular car seem more "risky" to insurers. Drivers of cars like the Camaro and Charger are often times younger and riskier, thus more expensive to insure. As well, if a car is built with atypical parts, thus requires more money to repair, it will tend to cost more to insure. Larger SUV vehicles are prone to causing more damage in a car accident due to their size. More damage means more costly accidents, thus higher insurance pricing for that car. Lastly, car theft also plays a role on your rates. Some cars get stolen more than others, so if you are driving one of those cars your rates are probably going to be higher. The Honda Accord was the most stolen cars of 2016, and despite being a sedan valued less than $25,000, it's one of the more expensive cars to insure in our analysis.
How We Got Our Data
Using a single 30 year old male driver with a clean driving record we got quotes from numerous companies from five cities located in Georgia, Washington, Florida, New York and Oregon. Everything about the driver was the same for each quote, except which car he drove. The average annual rate for each car is the average yearly rate for that vehicle across the five cities. The average value of the car was taken from the Edmunds.com True Market Value®^^ metric via the Edmunds.com API. Annual rates reflect full coverage car insurance as per the limits below:
|Coverage Type||Study Limits|
|Bodily Liability||$50,000 per person/ $100,000 per accident|
|Property Damage||$50,000 per accident|
|Uninsured/Underinsured Motorist BI||$50,000 per person/ $100,000 per accident|
|Uninsured/Underinsured Motorist Property||$50,000 per accident|
|Comprehensive & Collision||$500 Deductible|
|Personal Injury Protection||Min. When Required by State|
*^^The Edmunds.com TMV® (Edmunds.com True Market Value®) price is Edmunds.com’s determination of the current average base dealer price in the area indicated by the Zip Code provided, unadjusted for vehicle color or any options. (If no Zip Code was provided, this price is the national price. TMV® prices are copyrighted by Edmunds.com, Inc., which reserves all rights. Edmunds®, Edmunds.com True Market Value® and TMV® are registered trademarks of Edmunds.com, Inc. Edmunds.com, Inc. is not affiliated with this website.)