Car Insurance Rates By Vehicle

Buying a new car is an exciting experience, but it also comes with the responsibility of getting auto insurance. Car insurance rates by vehicle can vary widely depending on the make and model you are insuring.

Some vehicles are significantly more expensive to insure than others due to higher repair costs, a tendency to be stolen, or an increased risk of accidents. Here’s a look at some of the most and least expensive 2023 model-year cars to insure in the US, based on average annual premiums. Then, we’ll check out hundreds of models and their average car insurance costs per year. 

The Most Expensive Cars to Insure

Mercedes-Benz S-Class – $2,957 average annual premium

This luxurious sedan has a high base price and repair costs which drives up insurance rates. The S-Class is equipped with plenty of powerful engines and new safety tech that make it appealing to thieves and result in steep premiums. 

Porsche 911 – $2,943 average annual premium  

Sports cars like Porsche’s 911 see high insurance rates due to their incredible performance capabilities. The classic rear-engine 911 can go from 0 to 60 mph in under 4 seconds depending on the model, which means insurers see it as a major liability for speeding, accidents, and claims.

BMW 7 Series – $2,667 average annual premium

BMW’s full-size luxury sedan offers great power and technology. However, covering all that luxury does not come cheap. With base prices starting around $100,000, repairing or replacing one of these sedans is very expensive.

Mercedes-Benz G-Class – $2,659 average annual premium 

The iconic Mercedes G-Wagen has a six-figure starting price and repair costs to match. Parts and labor for this luxury SUV are expensive and with few driven off-road in its prime habitat, most are confined to city streets. The powerful V8 engine and boxy design also make it less than ideal for safe maneuvering and parking.

Nissan GT-R – $2,622 average annual premium

With a twin-turbo V6 pumping out 565 horsepower, the Nissan GT-R is one of the most powerful sports cars on the market. It’s meant for performance, not safety or practicality, earning it staggering insurance rates.

The Least Expensive Cars to Insure 

Jeep Wrangler – $1,442 average annual premium

Jeep’s iconic off-roader holds its value well and is fairly inexpensive to repair and insure. The abundance of cheap aftermarket parts keeps costs down, as do the simple engine options. Wranglers tend to be driven off-road responsibly and have excellent resale value.

Honda CR-V – $1,298 average annual premium

Honda’s CR-V is one of the most popular and safe compact SUVs available. It is affordable, reliable, and earns excellent safety ratings. The CR-V offers plenty of space and utility without the premium price tag, making it one of the most cost-effective vehicles to own and insure.

Subaru Outback – $1,283 average annual premium

The Outback provides SUV capabilities with sedan efficiency. This practical wagon has become popular with families due to its reliability, value, and excellent all-weather capabilities. With low injury claims, the Outback is also considered one of the safest vehicles at its price point.

Toyota Highlander – $1,268 average annual premium

Toyota’s top-selling SUV is an affordable and safe choice, earning excellent safety scores, retaining value, and costing little to insure. The Highlander has a reputation for reliability and practicality as an affordable family hauler that is less expensive to cover than many competitors.

Ford Escape – $1,260 average annual premium

The Escape is an economical small SUV that is practical and safe. It avoids risk factors like high-performance engines or expensive sticker prices that drive up insurance costs. The Escape has incentives like available active safety features that can actually reduce insurance rates.

As you have seen above, insurance premiums cover a very wide range depending on the exact vehicle. Cars that are expensive, performance-focused, or targeted by thieves tend to have the highest insurance rates. On the other hand, safe, affordable, and reliable vehicles that retain their value are also cheaper to insure. Always factor in insurance on car ownership costs before you buy.

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Average Car Insurance Quotes by Vehicle

Here are the average annual car insurance quotes for 287 different vehicle models sold in the USA, along with tips for getting more affordable coverage. 

Tips for Getting Lower Rates on Your Car Insurance

• Shop around – Get quotes from multiple insurers to find the best rate. Rates can vary widely between companies.
• Ask for discounts – Insurers offer discounts for things like bundling policies, paying annually, having multiple cars on one policy, taking defensive driving courses, having good grades (for younger drivers), and more.
• Raise your deductible – Opting for a higher deductible means you pay more out-of-pocket if you have a claim, but it lowers your premiums.
• Improve your credit score – In most states, insurers check your credit as part of determining rates. Maintaining a good score saves you money.
• Drop unnecessary coverage – If your car is old and paid off, you may be able to remove comprehensive and collision coverage and just have liability insurance.
• Check usage habits – Your rates are partly based on annual mileage. If you drive less than average, let your insurer know.
• Maintain a good driving record – Tickets, accidents, and claims to drive up your insurance costs. Drive safely.
• Use telematics – Consider a program where you install a device in your car to monitor driving habits. Safe driving can lower your premiums.
• Increase security – Adding anti-theft devices can get you a discount. So can parking in safer areas.
• Ask about other discounts – Some companies offer discounts for things like carpooling, taking a driver safety course, or having multiple policies with them.

Conclusion

Getting the lowest car insurance rate takes some work, but the savings are worthwhile. Following these tips can potentially save you hundreds of dollars per year. Be sure to shop around and compare quotes regularly to find the best deal for the make and model vehicle you drive.