What car brands are most expensive to insure?

What car brands are most expensive to insure?

They found that the following cars are the most expensive to insure:

• BMW i8: $4372 a year.
• Mercedes-AMG GT: $4130 a year.
• Nissan GT-R: $4064 a year.
• Maserati Ghibli: $4018 a year.
• Mercedes-Benz S-Class: $3742 a year.
• Porsche 911: $3734 a year.
• Tesla Model S: $3620 a year.
• BMW 7-Series: $3522 a year.

Are certain cars more expensive to insure?

Statistics prove smaller, sportier cars are driven at higher rates of speed by younger, riskier drivers. Because they’re involved in more accidents, they’re more expensive to insure. By that rationale, it stands to reason that larger vehicles such as SUVs would be less expensive to insure.

What kind of cars raise insurance?

Higher insurance for sports cars Be prepared to pay higher insurance premiums. Insurance companies know owners of sports cars go faster than the general driving population and as such, they’re at risk of having accidents more frequently — and more seriously — than drivers of minivans, for example.

Why are BMW so expensive to insure?

As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.

What is the least expensive type of car to insure?

The 10 least expensive cars to insure in 2020, according to our data, are:

• Honda CR-V.
• Subaru Forester.
• Ford Escape.
• Ford F-150.
• Chevrolet Equinox.
• Jeep Cherokee.
• Toyota Tacoma.
• Toyota RAV4.

Are Porsches expensive to insure?

A Porsche is the quintessential sports car. You’re sure to have a blast driving one of their cars around town, but you should be prepared to pay a premium for insurance. In fact, the average annual cost to insure a Porsche is $2,342.87, and the brand ranks 33rd on a list of 36 brands.

Is Toyota expensive to insure?

The cost of Toyota insurance is $2,132 per year on average across the eight models we considered in our survey. To find the cheapest rates when looking to insure your Toyota, it is best to compare rates from multiple insurance companies.

Are Teslas more expensive to insure?

Teslas are more expensive to insure than many other luxury cars due to their high repair costs, which increases the cost of collision coverage.

What are the most expensive cars to insure?

High-end vehicles, whether large or mid-size, are among some of the most expensive cars to insure due to their value. According to the Insurance Institute for Highway Safety (IIHS), cars with the highest comprehensive insurance losses include luxury brands like Bentley, Mercedes-Benz, and BMW.

How much difference is there between the cheapest and most expensive cars?

Comparing cars based on expected insurance costs is important for anyone shopping for an affordable vehicle, as the difference in annual premiums between the cheapest and most expensive cars to insure could be as much as $1,500 per year.

Why are minivans the cheapest type of cars to insure?

But this is why minivans are the cheapest type of car to insure – they aren’t exactly designed for impromptu drag races around the neighborhood.

What are the cheapest cars to insure in 2021?

2021’s cheapest cars to insure by make and model. The cheapest cars to insure are the Subaru Forester, Dodge Grand Caravan, and Honda Odyssey, according to WalletHub’s analysis of 26 popular vehicles.