Which vehicles are the most expensive to insure?

What makes certain cars more expensive to insure?

High-End Cars, Higher Premiums

And as a general rule, more expensive cars cost more to insure because of the increased costs associated with repairing them, replacing parts — especially on foreign brands — or replacing the vehicle in the event of a total loss.

Is insurance higher on SUVs than cars?

While the average cost of an SUV far surpasses that of a sedan, car insurance costs may also differ substantially. Although rates will depend on your car insurance company and model, SUVs are typically $314 per year cheaper to insure than sedans.

Which car has the cheapest insurance?

Cheapest cars to insure among popular models

Rank Average annual insurance premium Starting MSRP
1. Subaru Outback $1,392 $26,645
2. Jeep Wrangler $1,416 $28,295
3. Honda CR-V $1,439 $25,050
4. Subaru Forester $1,465 $24,495

Are older cars cheaper to insure?

Are older cars cheaper to insure? Car insurance premiums can be more expensive for an older car because they tend not to have the security features of a newer, more modern car. On the other hand, older cars are often less valuable, and they may be cheaper to repair, which can help to push premiums down.

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Is a newer car more expensive to insure?

While the list price of a new vehicle is usually more expensive than that of a used car, that isn’t always the case for insurance. State-of-the-art safety features, more easily replaceable parts, and other factors often contribute to the low cost-to-insure of some new cars.

Are Toyotas expensive to insure?

The typical Toyota is slightly more expensive than average to insure, but great deals are out there if you’re willing to shop around. The average cost to insure a Toyota is $1,234 per year (approximately $102 per month). This falls just 4% above the national average insurance cost for all vehicles.

Are Subarus expensive to insure?

While Subaru vehicles are not the cheapest to insure, they are also not the most expensive. According to Finder.com, the average cost to insure a Subaru vehicle is $2014.32 per year or $167.86 per month. However, insurance rates vary depending on many factors, including: Your location and where you park your vehicle.

Why is a Toyota Corolla so expensive to insure?

Theft ranking is most likely the other main contributor to this high cost. The number of cars that are stolen each year, and the subsequent claims for them, are what matters most to carriers. The Corolla is a popular car. It has ranked on Forbes’ list, America’s Most Stolen Vehicles, since 2008.

Which SUVs cost the most to insure?

5 most expensive SUVs

Annual insurance cost
1 Tesla Model Y $4,296
2 Toyota 4Runner $3,153
3 Toyota Highlander $3,046
4 Ford Explorer $3,037

Is it cheaper to insure a truck or SUV?

Insurance rates are based in large part on the value of the vehicle being insured. In general, an SUV is a more expensive vehicle than a truck of a similar class made in the same year. There are, of course, exceptions: a new truck might be more expensive than a 10-year-old SUV and thus cost more to insure.

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Why are SUVs more expensive than cars?

Considering Vehicle Fuel Economy (MPG)

“Historically, SUVs in general have been more expensive to operate not only due to higher acquisition costs, but typically lower fuel economy and increased maintenance due to AWD options,” said Glenn.