The Cheapest and Most Expensive Cars to Insure

Car shopping is an exciting process. As you consider your budget, you need to account for more than just your down payment and monthly loan or lease amount. Other ownership costs include gas, yearly registration fees, maintenance and repairs, and insurance.

Did you know that the type of car you buy can greatly affect your insurance premiums? Take a look at the cheapest and most expensive cars to insure and why carriers price them so differently.

Cheapest Cars to Insure

The top 20 most affordable cars cost between $1,300 and $1,375 to insure in 2019. These include:

  1. Honda Odyssey LX
  2. Jeep Wrangler Sport
  3. Subaru Outback 2.5i
  4. Mazda CX-3 Sport
  5. Honda HR-V LX
  6. Honda CR-V LX
  7. Jeep Renegade Sport
  8. Ford Escape S
  9. Subaru Forester 2.5i
  10. Jeep Compass Sport
  11. Mazda CX-5 Sport
  12. Subaru Crosstrek
  13. Buick Encore 1SV
  14. Honda Fit LX (with Honda Sensing)
  15. Nissan Frontier S
  16. Jeep Cherokee Latitude
  17. Dodge Grand Caravan SE
  18. Ford Transit Connect SL
  19. GMC Canyon SL
  20. Chevrolet Traverse L

Most Expensive Cars to Insure

On the other end of the spectrum, these five cars ranked the most expensive to insure in 2019 at about $3,700 to $4,000:

  1. Nissan GT-R
  2. Mercedes Maybach S650
  3. Porsche Panamera
  4. Mercedes AMG GT R
  5. BMW M760i xDrive

Why Carriers Price Cars So Differently

Here are the factors that insurance providers look at when pricing different makes and models of cars:

  • Odds of being stolen: If you buy a car that’s popular among thieves, your insurance rate will be higher. Some of the most commonly stolen cars include Honda Accord, Honda Civic, Toyota Camry, Toyota Corolla, and Nissan Altima.
  • Vehicle size: The Honda Fit is the only sedan on the list of cheapest cars to insure—and that’s only for models with the accident-reducing Honda Sensing feature. Larger cars are more likely to keep the driver and passengers safe, so they’re cheaper to insure.
  • Durability and safety: Cars with good track records and advanced safety features are less likely to malfunction or be involved in an accident. Carriers know this, so they charge a lower rate.
  • Performance: What do the most expensive cars to insure all have in common? They’re sports and luxury vehicles. Carriers assume that people who buy high-performance cars are more likely to drive dangerously, so the rates are higher.
  • Repair costs: Exotic luxury cars tend to have specialty parts that make them more expensive to repair, yet another reason why insurance companies set high premiums.

No matter what car you drive, B&L Automotive Repairs can help you get back on your feet after an accident. We repair all makes and models and help you file a claim with your insurance company to get you the money you deserve. To learn more about our services, or to request a collision repair estimate, please contact our Chicago collision repair shop at (773) 463-1622.

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