What are the most expensive and cheapest cars to insure?

STATEN ISLAND, NY – As any driver knows, owning a car can get really expensive.

First, there is the price of the vehicle itself. Then add in routine maintenance, filling the gas tank and, of course, vehicle insurance, and the costs can really start to add up.

However, not all vehicles cost the same to insure.

To help potential car buyers determine how much they might end up paying for insurance, QuoteWizard has released a new study analyzing quotes from the nation’s leading auto insurers to see which popular vehicle models are the most and cheapest to buy. to assure.

“I think people should really consider the cost of insurance when buying a car because it can add tens of thousands of dollars to the price over the life of the vehicle,” Nick said. VinZant, Senior Research Analyst at QuoteWizard. “Luxury cars, cars with bigger engines and frequently stolen models will always cost more to insure. “

Of course, insurance rates can also vary depending on the driver. For the purposes of this study, QuoteWizard collected rates from a 30-year-old man with a clean driving record living in Seattle, Wash.

Here’s a look at the most expensive popular cars to insure with full coverage, based on the annual cost.

1. Tesla Model 3 – $ 2,830
2. Tesla Model Y – $ 2,658
3. Hyundai Sonata – $ 2,332
4. Kia Forte – $ 2,328
5. Hyundai Elantra – $ 2,295
6. Nissan Sentra – $ 2,286
7. Chevrolet Silverado – $ 2,275
8. Nissan Altima – $ 2,254
9. Chevrolet Suburban – $ 2,198
10. Toyota Toundra – $ 2,197

Here’s a look at the cheapest popular cars to insure with full coverage, based on the annual cost.

1. Subaru Forester – $ 1,760
2. Jeep Cherokee – $ 1,767
3. Honda CR-V – $ 1,769
4. Jeep Wrangler – $ 1,777
5. Honda Odyssey – $ 1,822
6. Ford Transit – $ 1,827
7. Subaru CrossTrek – $ 1,839
8. Ford F-Series – $ 1,847
9. Honda Pilot – $ 1,851
10. Hyundai Tucson – $ 1,882

INSURANCE RATES BY STATE

The amount you’ll end up paying for car insurance can also vary depending on what part of the country you live in.

Earlier this year, WalletHub, an online financial advisory site, released its 2021 report on the best and worst states for cheap auto insurance, finding that New York is the second most expensive state in the country to insure. a vehicle.

The average annual premium for drivers in New York is $ 1,828, just behind Michigan, which had the highest average annual auto insurance premium at $ 1,908, according to the report.

New Jersey, Louisiana and Delaware were found to be the third, fourth and fifth most expensive states, in order, with average annual premiums of $ 1,287, $ 1,263 and $ 1,133, respectively, according to researches.

Meanwhile, the report says the cheapest auto insurance rates are found in Wyoming, South Dakota, Iowa, Vermont and North Dakota, with average annual premiums of $ 274,326 $, $ 326, $ 341 and $ 370, respectively.

While New York has turned out to have the second most expensive auto insurance in the country, the amount paid by each driver depends on a number of factors, such as type of coverage, age, gender. and previous driving offenses.

Those looking for full coverage auto insurance in New York City will pay, on average, 143% more than those who settle for the minimum required coverage, the data shows. And young drivers will pay significantly more than their more experienced counterparts, with 16-year-olds paying an average of 314% more for coverage than 55-year-olds.

Despite studies showing that men generally have more aggressive and dangerous driving behavior than women, female drivers tend to pay 6% more, on average, than men for coverage in New York City.

Additionally, drivers with a prior DUI can expect to pay, on average, 85% more for auto insurance in New York City than those with no upfront charges.