Top 10 Most and Least Expensive Cars to Insure
What makes a car cheap or expensive to insure?
"Loss history", which is what an insurance company will have to shell out in the event of a totaled vehicle.
But it's not solely based on how much it costs to repair a given model. It's also about the likelihood of a given model being involved in an accident in the first place.
It's not surprising that cars like the Chevrolet Corvette and Cadillac Escalade are more prone to accidents due to their owners, and thus show up on the expensive list.
Which also explains why inexpensive subcompacts such as the Chevrolet Aveo or Nissan Versa aren't on the least-expensive-to-insure list.
Cheaper economy cars tend to be purchased by young drivers, who statistically are involved in more accidents-- thus increasing loss history.
10 Least Expensive Vehicles to Insure
- Kia Sedona
- Ford Escape
- Hyundai Santa Fe
- Mercury Mariner
- Chrysler PT Cruiser
- Ford Explorer
- Subaru Outback
- Kia Optima
- Chevrolet Equinox
- Acura ZDX
- Audi TTS
- Audi A5
- Cadillac Escalade
- Chevrolet Corvette
- BMW Z4
- Lexus SC 430
- Jaguar XF
- Cadillac STS
- Dodge Challenger
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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