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.

 

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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