Insure.com’s 2017 most and least expensive vehicles to insure
Insure.com s annual ranking of the least and most expensive vehicles to insure compares car insurance rates in every single state for more than 2,800 different vehicle models.
We did the legwork for you — by pulling quotes from six different insurance companies and averaging them — so all you have to do is find a vehicle that fits your needs and your overall car budget (meaning car and insurance payments).
Check out average insurance rates for your 2017 car
See how your car ranks:
It s been an interesting year, the Honda Odyssey LX managed to maintain the top spot for another year and one manufacturer squeezed five models into the top 10 for the least expensive vehicles to insure.
While most of us can t afford the vehicles on the most expensive to insure list, it s always fun to dream. Read on to see where your current, future or dream vehicle may fall on our list.
Least expensive vehicles to insure
When it comes to cheap vehicles to insure, nothing has changed at the top of the list. The Honda Odyssey LX stays in the No. 1 spot for the second year in a row. It s hardly a surprise since it has secured a spot in our top 20 least expensive list every year Insure.com has done the rankings.
Minivans have always been popular on our inexpensive to insure list. In 2011, all four of the top spots were minivans and every year since at least one minivan has been in the top five, with the exception of 2013 when a minivan didn t slot in until 11 th place.
Minivans are loaded with safety features and garner high safety ratings (the Odyssey was awarded an overall five-star crash rating from National Highway Traffic Safety Administration) and are primarily driven by a parent hauling children around.
All of these factors are music to an insurance company s ears, safety features, great safety rating and extra cautious drivers lead to fewer accidents, fewer claims and lower rates.
Second place goes to the Jeep Renegade Sport (more about Jeep in a minute), the Jeep Wrangler Black Bear ranks No. 3 with the Honda CR-V LX earning the number four spot and the Jeep Compass Sport rounds out the top five.
Jeep managed to set a brand new record with a whopping 50 percent of the top 10. In addition to the ones listed above, the Jeep Cherokee Sport took the No. 7 spot and the Patriot Sport tied for eighth place.
When people think of Jeeps, they typically think about ruggedness, not bells and whistles. The Jeeps on the list are the entry-level and thus would cost less to repair or replace than a car that comes with lots of expensive luxury features, notes Penny Gusner, consumer analyst for Insure.com.
Jeeps do have strong safety features, which can help lower auto insurance premiums, says Gusner. Jeep offers owners multistage airbags, electronic stability control and also electronic roll mitigation.
The Nissan Frontier broke the pickup barrier last year, ranking tenth, but this year dropped to 15 th place. The Ford F-150XL has joined the top 20 party this year tying for 17 th place.
Regardless of which vehicle you choose from the cheap list, your insurance costs will be well below the national annual average of $1,605, which takes into account all of the vehicles in our study. The cost to insure the Odyssey shakes out to an average of $1,112 while the Ford Edge SE (number 20) is still very affordable at $1,221 a difference of just $109 annually.
Vehicles and rates for everyone
Affordable insurance no longer exists only in the compact or family sedan category. It s now possible to affordably insure minivans, sport utilities and pick-ups.
In addition, some new comers made the cut this year. The Fiat 500x Pop is the first Fiat to ever make the top 20 list at No. 14. Fiat made its return to America in 2011 after a 27-year hiatus. Highly rated by critics and consumers, the new Fiat can now add very affordable to insure to its list of accolades at an annual premium of $1,210.
The common dominator in the least expensive to insure category is safe drivers. Notice that all of these are essentially family vehicles that, overwhelmingly, will be subjected to normal driving in the hands of responsible parental types, observes Joe Wiesenfelder, executive editor with Cars.com.
While sport utility vehicles had their problems in the past, mainly with rollovers, the safety ratings of sport utilities have improved dramatically over the years. Safety features and accident rates have a big impact on rates.
Generally speaking, the least expensive vehicles to insure on the list have to do with safety factors, says Loretta Worters, vice president of communications for the Insurance Information Institute. Accident avoidance features, airbags, and restraint systems all impact rates. Anything that reduces the risk of damage to the vehicle and injury to the people inside results in less expensive insurance.
Most expensive vehicles to insure
On the opposite end of the spectrum, the most expensive cars to insure list is mainly made up of sports cars that are designed to be driven fast or high-end (think very expensive) luxury cars.
As usual, Mercedes dominates the most expensive to insure category with nine vehicles in the top 20. The Dodge Viper drops from number one, to No. 2 and Maserati breaks into the top 10 for the first time as the Quattroporte GTS slips into the fourth spot.
While most of the cars on the list are out of the average person s price range, sticker price is not always a reliable indicator of insurance costs. In many cases, less expensive but higher performance cars cost more to insure.
As an example, the most expensive car to insure (Mercedes S65 AMG convertible) is indeed the most expensive car on the list with a MSRP of $247,900. However, the second most expensive car to insure (Dodge GTS Viper) is a relative bargain with a MSP of $87,895.
The Dodge Viper, Audi R8 and Nissan GT-R are extremely powerful cars, exceeding 500 horsepower. This plays a part when it comes to insurance costs because performance vehicles are likely to be driven more aggressively, which puts them at a higher risk of damage says Wisenfelder.
Mercedes takes up nine of the top 20 most expensive spots on the list, and six of the nine Mercedes models are convertibles. Convertibles can cost more, the Mercedes S65 AMG convertible is priced $21,000 higher than the hardtop version, and be prone to more theft and break-ins, and thus, car insurance rates will typically also be higher.
It s not just high performance that jacks up the rates though, a sky-high sticker price and the accompanying repair costs also impact premiums. It s no coincidence that many of the vehicles on the most expensive insurance list are more than just Mercedes models they re among the most expensive versions of those models, and consequently the most expensive to replace and possibly to repair, points out Wisenfelder.