Most And Least Expensive Vehicles To Insure 2024

 

The Least Expensive Cars to Insure

The Honda CR-V, Jeep Wrangler Sport and Subaru Crosstrek are the least expensive cars to insure among popular 2021 vehicle models.

Vehicle	Average Annual Premium
Honda CR-V LX	$1,574
Jeep Wrangler JL Sport	$1,585
Subaru Crosstrek	$1,606
Subaru Forester 2.5I	$1,613
Hyundai Tucson SE	$1,637
Jeep Compass Latitude	$1,645
Chevrolet Equinox L	$1,661
Ford Escape S	$1,663
Volkswagen Tiguan SE	$1,663

Middle of the Pack: Medium-Expensive Cars to Insure

Vehicle	Average Annual Premium
Jeep Cherokee Limited	$1,809
Chevrolet Blazer 2LT	$1,811
Chevrolet Silverado 1500 WT	$1,813
Toyota Tundra SR	$1,818
Volkswagen Jetta SE	$1,833
Honda Civic EX	$1,838
Toyota 4Runner Limited	$1,848
GMC Sierra 1500	$1,851
Ford Fusion SE	$1,865

The Most Expensive Cars to Insure

The Tesla Model S Performance is the most expensive car to insure among top-selling 2021 vehicle models.

Vehicle	Average Annual Premium
Lexus NX 300h	$2,014
Dodge Ram 1500 Rebel	$2,015
Lexus RX 350	$2,105
Nissan Altima 2.0 S	$2,130
Tesla Model 3 Standard Plus	$2,447
Volvo XC90 T8 Inscription	$2,456
Lexus ES 300H	$2,485
Tesla Model S Performance	$3,960

What Makes a Vehicle Expensive to Insure?

What you pay for car insurance is partially based on the vehicle you’re insuring. This factors in claims that have been paid for similar models. For example, if your car insurance company has paid high liability auto insurance claims for your specific model for injuries to others, this can affect your car insurance rate.

High repair costs for a vehicle also make it more expensive to insure. For example, cars with advanced safety equipment like parking assist and lane departure warnings can increase repair costs because the equipment is more expensive to repair or replace.

If you buy collision and comprehensive insurance, past claims for similar models will also affect this portion of your bill. This includes the value of the vehicle. For example, if your car is totaled by a falling tree, you can make a comprehensive insurance claim. Your insurance company will pay the value of the vehicle at the time of the tree incident, minus your deductible. So expensive vehicles will have more expensive rates for collision and comprehensive insurance.

What Affects Car Insurance Cost?

Your vehicle is just one element in the car insurance cost equation. Other factors can affect your car insurance rates more than the vehicle, such as your driving record and even credit. These are common factors in car insurance rates:

• Driving record
• Location (called the garaging address)
• Use of vehicle, such as personal or business
• Mileage
• Credit-based insurance score
• Your past claims
• Any recent lapse in auto insurance coverage
• Vehicle
• Auto insurance coverage chosen