Most And Least Expensive Cars To Insure 2021
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Your vehicle plays a role in your car insurance rates, but how much? We looked at average auto insurance rates for more than 50 top-selling vehicles to find the most and least expensive for insurance.
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.
Middle of the Pack: Medium-Expensive Cars to Insure
The Most Expensive Cars to Insure
The Tesla Model S Performance is the most expensive car to insure among top-selling 2021 vehicle models.
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.
Related: Best car insurance companies
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
Methodology
To find the cheapest vehicles to insure, we used rates from Quadrant Information Services, a provider of insurance data and analytics, and the top-selling 2021 vehicle models. Rates are based on a female driver with a clean record with $100,000 in bodily injury liability coverage per person, $300,000 per accident and $100,000 in property damage liability, uninsured motorist coverage and any other coverage required in the state. The rate also includes collision and comprehensive with a $500 deductible.
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