Let’s see, you searched for the car with the best mileage. You made sure it uses regular gas because it’s a lot cheaper than premium. You bought a car with a long warranty to avoid expensive repairs. You even made sure that you skipped the premium tires because they’re costly to replace. Finally, you haggled long and hard to get the price of that new car down really low.
But did you ever think about what it would cost to insure your new vehicle?
Few people do. But the reality is that there is a huge range in the average cost to insure. In some cases it could save thousands of dollars every year. Insure.com puts out a list annually detailing the average price to insure certain models. Two key factors keep the price down on these cars: fewer crashes and low repair costs. While the model doesn’t determine whether it’s prone to crash, the kind of people who buy them do.
Let’s start with the ten cars that are the least expensive to insure for 12 months. You’ll notice two defining factors. First, they’re not expensive luxury cars. Second, they’re mostly family SUVs.
- Ford Edge – $1,128
- Jeep Grand Cherokee Laredo – $1,148
- Subaru Outback 2.5i Premium – $1,150
- Kia Sportage – $1,157
- Jeep Patriot Sport – $1,160
- Chevrolet Express 1500 – $1,171
- Subaru Outback 3.6R – $1,180
- Hyundai Tucson GLS – $1,189
- Ford Explorer – $1,197
- Hyundai Tucson GL – $1,204
So what are the most expensive cars to insure? Well, let’s just say that German engineering will get you speed, luxury and a hefty insurance bill. Only Mercedes and Porsche make this top ten list.
- Mercedes-Benz CL600 -$3,357
- Mercedes-Benz CL65 AMG – $3,330
- Mercedes-Benz S65 AMG – $3,221
- Mercedes-Benz SL65 AMG – $3,207
- Mercedes-Benz CL63 AMG – $3,184
- Mercedes-Benz S600 – $3,158
- Mercedes-Benz SL63 AMG – $3,075
- Mercedes-Benz S63 AMG – $2,978
- Porsche 911 Turbo – $2,958
- Porsche 911 Turbo S – $2,925
So the next time a Porsche 911 Turbo leaves your Ford Edge in its dust at the traffic light, just remember that you get the last laugh every time the insurance bill arrives.
Incidentally, Insure.com says that not all cars are included, especially exotic cars. You can see what cars made the top 20 here.