Car Insurance Premiums Vary For a Wide Variety of Reasons

Choosing a vehicle isn’t just about the look or speed. You may find a beautiful vehicle that is fast and is perfect for you, until you check with your insurance company. Yikes! The premium could be a deal breaker. For many motorists today, they try and dodge paying for insurance thinking that they’ll never crash and in return paying useless money. You could just easily go somewhere like Call Wiser to get a great car insurance comparison for a range of vehicles, in order to find the best but cheapest one. Have you found yourself in a crash with an uninsured driver? You may want to read this article on uninsured driver in an accident, and see where you can start with your claim today.

Car Insurance premiums widely vary between vehicles. There are many factors that come into play when determining the premium both personally and for the vehicle.

Personal factors include:

  • AGE
  • SEX
  • MARTIAL SATAUS
  • CREDIT HISTORY
  • WHERE YOU LIVE
  • DRIVING RECORD

For the vehicle

  • SAFETY TESTS
  • ACCIDENT RATES
  • LIKELIHOOD OF THEFT
  • COST OF REPAIRS
  • THE ENGINE SIZE

Luckily, we’ve chosen the top five cars with the cheapest premiums among the most popular vehicles and the most expensive.

BONUS: Check the bottom for the best brand for insurance premiums.

Vehicles with the lowest premiums

Honda Odyssey LX

Annual Insurance Premium: $1112

Jeep Renegade Sport

Average Annual Insurance Premium: $1,138

Jeep Wrangler Black Bear Average

Annual Insurance Premium: $1,148

Honda CR-V SUV

Average Annual Insurance Premium: $1170

Jeep Compass

Average Annual Insurance Premium: $1183

Vehicles with the highest premiums

Mercedes S65 AMG (Convertible)

Annual Insurance Premium: $3835

Dodge GTS Viper

Annual Insurance Premium: $3779

Mercedes S63 AMG 4Matic (Convertible)

Annual Insurance Premium: $3624

Maserati Quattroporte GTS

Annual Insurance Premium: $3547

Mercedes S550 (Convertible)

Annual Insurance Premium: $3502

Every insurance policy is going to be different. There are different rates and coverage with different deductibles. Before purchasing a new vehicle, speak with your insurance agent about what type of vehicle would work best for you. Your personal details, including what coverage and deducible you can afford, should be discussed with your agent. Save yourself the heartache of finding a vehicle you love, only to learn you can’t afford it plus the insurance.

When you are shopping for vehicles be sure to ask about its safety rating and safety features. Some vehicles will have back-up cameras, rear cross traffic alerts, lane departure alerts, and blind spot monitoring. These features may help your insurance rates, but are really useful while you’re driving.

BONUS:

The best brand for lowest insurance premium goes to JEEP. Jeep has several vehicles that consistently have lower premiums. The Jeep Wrangler SUV, Jeep Patriot, Jeep Cherokee, Jeep Compass, and Jeep Renegade have some of the best insurance rates.

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