Top Vehicles to Insure: Highest and Lowest Cost

Car insurance rates depend on several variables that can be different for every driver. In general, the safer your car is and the better your driving record is, the less you will pay for insurance. The kind of car you drive and where you drive it can also make a big difference on the way your car insurance company determines you risk factors.

Small, Fast Cars Most Expensive to Insure

Research shows that smaller cars tend to get into more frequent and more serious accidents than larger cars do. Smaller cars can be more difficult to see, so other drivers run into them more often. Their small size means that they can crumple more easily, especially if they are in a collision with a larger vehicle. Although sports cars are definitely more expensive to cover than most other cars, compact cars are also high on the expensive to insure list. The Scion tC and Honda Civic Si rank in the top ten most expensive list, alongside Mercedes and BMW high performance models.

Family Cars Top the Least Expensive Insurance List
Large SUVs and family sedans are some of the least expensive cars to insure because they tend to be equipped with some of the most comprehensive safety equipment on the market. The list of the least expensive cars to insure includes the Honda Odyssey, Subaru Outback 4WD, Chrysler Town and Country, and the Ford Five Hundred 4WD. These sturdy vehicles can escape from most collisions without sustaining serious damage, and they protect their passengers well from injury in almost every kind of accident. Insurance claims data shows that larger cars make lower insurance claims on average compared to smaller cars.

The State You Live in Could Be More Expensive for Car Insurance

When you look at your car insurance expenses, you have to consider where you live as well as what you drive. Each state has different minimum requirements for car insurance, and those minimums make a large difference in insurance costs. The most expensive states for car insurance include Michigan, Louisiana, Oklahoma, and Montana. In some of these states, the insurance coverage is higher because there are a larger proportion of drivers who are driving uninsured, which makes the insured drivers have to file claims against their own policies no matter which driver is at fault in an accident.

The Least Expensive States for Car Insurance

If you happen to live in a state that has an overall lower car insurance rate, you might be able to afford to drive a car that costs a little more to insure without sacrificing too much of your budget. The least expensive states for car insurance are Vermont, South Carolina, Maine, Wisconsin, and Tennessee. The same exact insurance policy in Vermont can cost as much as $1,500 less than it would cost in Michigan. It is no coincidence that the states with the lowest car insurance costs are also the states with the lowest instances of uninsured motorists on record.

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