Car Insurance: Most and Least Expensive Models CBS MoneyWatch.com (blog)
You no longer have to choose a minivan to get the cheapest insurance costs. Traditionally, those family haulers driven by careful parents have carried the lowest insurance premiums. But, surprisingly, small sport utility vehicles–contrary to the SUV image–now are among the cheapest to insure, according Insure.com’s list of most and least expensive cars to insure .
The Mazda Tribute small SUV is now the least expensive new car to insure, at an average $1,070 a year. Crossover SUVs Ford Escape and Honda CR-V are also in the top 20 least expensive–though minivans continue to populate that list.
Not surprisingly, Porsche bags four of the top 10 costliest spots (911 Turbo pictured below ) and Mercedes-Benz has three.
Your exact premiums will probably differ from Insure.com’s-a national average for a male with a good driving record. “Many factors determine your premium,” notes Kat Zeman, managing editor of Insure.com. “Your driving record, credit history, the type of insurance you have and where you live.” To see how much geography matters, read Save on Car Insurance: The Best and Worst States.
