Car Insurance, Loan, Purchase, Lease Decisions

Which Cars Have the Lowest Insurance Costs?

Out of the nation’s 20 best-selling vehicles, the cheapest car to insure is the Chrysler Town & Country with the average insurance premium of $940. That’s according to insure.com. Other cars on insure.com’s list include the Ford Escape, GMC Sierra pickup and Chevrolet Impala. Insure.com also has the top 10 list for the most expensive models with the Dodge Ram pickup as the most expensive to insure with an average premium of $1,336.

According to insure.com, the differences in premiums are due such factors as histories of theft, repair costs and safety.

One thing interesting to note is the differences between the most and least expensive ones are not huge. If you exclude the two cheapest ones and the two most expensive ones, the differences are less than $200. So the differences may not seem that significant. But it may be more than other factors that effect the cost of a car like fuel efficiency. For example, the yearly cost difference between a car that averages 30 mpg compared to a car that averages 25 mpg is only $200. This assumes that you drive 10,000 miles a year and the gas price is $3/gallon.