Most people go shopping for cars based on the sticker price, gas mileage, or other features without getting an insurance quote first. That can be a costly mistake since some cars may cost MORE than the monthly payment amount in auto insurance. Can you imagine having a car payment of $375 and a monthly insurance payment of $450? I can’t! I always get an insurance quote BEFORE shopping for and buying a new car.
Bottom line – take 10-20 minutes and find out what your insurance costs will be BEFORE you buy!
The Top 10 Most Expensive Cars to Insure
The top 10 vehicles that account for the highest dollar amount of losses for insurance companies (starting with the most expensive) are:
1. Cadillac Escalade EXT 4WD
2. Subaru Impreza WRX 4WD
3. Hyundai Tiburon
4. Mitsubishi Lancer
5. Scion tC
6. Acura RSX
7. Nissan Sentra SE-R
8. Suzuki Forenza
9. Nissan Sentra/Mitsubishi Eclipse
10. Chevrolet Cobalt two-door
Source: Insurance Institute for Highway Safety, based on 2004-2006 models
The Top 10 Least Expensive Cars to Insure
The 10 vehicles that account for the lowest dollar amount of losses for insurance companies (starting with the least expensive) are:
1. Ford Five Hundred 4WD (now the Ford Taurus)
2. Buick Rendezvous 4WD
3. Buick Lucerne/Buick Rainier 4WD/Honda Odyssey
4. Ford Freestyle 4WD/Subaru Outback 4WD
5. Buick Rendezvous/Honda Pilot
6. Chrysler Town & Country LWB
7. Honda Pilot 4WD
8. Buick LaCrosse/Chevrolet Uplander/Ford Escape/Volvo V70
9. Dodge Grand Caravan/Ford Freestyle 4WD
10. Ford Explorer 4WD/GMC Sierra 1500 4WD/Toyota Highlander/Toyota Sienna
Source: Insurance Institute for Highway Safety, based on 2004-2006 models