car insurance

Car Insurance Costs: The Most and Least Expensive Cars to Insure

When it is time to buy a new car, most people only take the time to review the sale price when determining whether or not it will fit into their budget. However, if you do not consider how much the car will cost you over the long run, you could be making a dangerous mistake. This article will cover some of the most and least expensive vehicles to insure, and it will give you a good starting point from which to find a car that meets your needs in every possible way.


Least Expensive Cars to Insure

The first task is to show you the least expensive cars when it comes to getting proper insurance coverage, and buying one of them will not need to break your bank.

1. Honda Odyssey LX

The Honda Odyssey has a 248-horsepower engine and can get up to 28 miles per gallon. With four doors and plenty of cargo room on the inside, the Odyssey is a great match for those who enjoy long trips or need a safe way to transport friends and family. If you opt for this vehicle, you will have access to a collision warning system and other great safety features, giving you peace of mind. Because the Odyssey can be picked up for $30,000 and insured for $1,123, it is a great option for those who are looking for an affordable vehicle with lots of safety features.

2. Honda CR-V LX

By S2k Dude (Own work) [CC BY-SA 4.0], via Wikimedia Commons

By S2k Dude (Own work) [CC BY-SA 4.0], via Wikimedia Commons

At $24,045, the Honda CR-V can fit into almost any budget, and you will not need to worry about a shortage of features if you choose this vehicle. Boasting a 184-horsepower engine, the CR-V offers a nice balance between power and fuel-efficiency. The onboard navigation system will ensure that you never make a wrong turn, and you will get up to 32 miles for each gallon of fuel. Depending on the type of policy you get, you can insure the CR-V for as little as $1,170 per year.

3. Dodge Grand Caravan AVP 2WD

The Dodge Grand Caravan is another top choice for families because it offers plenty of seating and cargo room. This vehicle has a respectable 283-horsepower engine, so you will be able to travel in even the harshest weather conditions. Those who drive the Dodge Grand Caravan will get 25 miles per gallon, and the interior offers plenty of room to relax and unwind. If you would like a little extra cargo room, simply fold the back seat. A comprehensive list of safety features that come with this vehicle will allow you to insure it for $1,174.

4. Jeep Patriot Sport 2WD

When you have a wild side and a strong sense of adventure, the Jeep Patriot Sport is the vehicle for you. The design of the Patriot combines with its 172-horsepower engine to allow it to navigate any harsh terrain with ease. If maintaining a budget is at the front of your mind, you will be thrilled when you discover that the Patriot offers up to 30 miles per gallon.

Without much effort, you can easily fold the entire row of back seats to give you the room you need to transport camping or fishing gear to the off-road location of your choice, but you will also discover that the Patriot provides you with a comfortable ride on the roads and freeways. You can pick it up for $18,000, and you will only need to spend $1,180 to keep your vehicle insured.

5. Jeep Wrangler Sport

Although the Jeep Wrangler Sport can only offer 21 miles per gallon, it has enough power to handle even the toughest jobs. Built for those who love the outdoors, the Wrangler comes with a removable top so that you and you passenger can enjoy the fresh air as you embark on your latest quest. The 285-horsepower engine offers a 2,000-pound towing capacity to effortlessly get other vehicles out of a tight spot.


Most Expensive Cars to Insure

With the list of the least expensive vehicles to insure out of the way, it’s time to review the vehicles that require quite a sum to insure.

1. Dodge GT Viper

Owning the Dodge Viper will set you back $87,000, and this lightweight sports car utilizes a 645-horsepower engine to provide drivers with fast acceleration and performance numbers that are out of this world. The Dodge GT Viper costs $4,000 to insure, so keep that in mind if you laid eyes on owning one of these beauties.

2. Mercedes-Benz SL65 AMG

By Tx-re (Own work) [CC BY-SA 3.0], via Wikimedia Commons

By Tx-re (Own work) [CC BY-SA 3.0], via Wikimedia Commons

This high performance roadster packs a decent punch. The 621-horsepower twin turbo V-12 engine will propel you from 0-60 in mere 3.7 seconds. The SL65 AMG is a tribute to what is possible when you produce more than a mere transportation tool. And performance isn’t everything it offers; it’s packed full when it comes to comfort as well. If this work of art grabs your attention, you will need to shell out a staggering $219,850 to add it to your collection. At $3,800, the insurance policy does not seem that much when compared to the price, don’t you think?

3. Mercedes S600

With a 523-horsepower 6.0-liter twin turbo V12 engine, this beauty will let you enjoy a smooth ride, as is expected from a Mercedes Maybach breed. Massaging seat recliners, beautiful cabin and a Maybach signature fragrance infused through the filtration system, the S600 is the epitome of luxury. To make this luxury sedan your own, you will need to pay $170,000. Careful on the extras though: Insuring the S600 will cost you an additional $3,500 a year.

4. Mercedes S63 AMG 4Matic

Boasting a 577-horsepower engine, the S63 offers the standard comfort and luxury of the Mercedes-Benz, but it’s not all there is to it. This beauty is a beast as well, sporting enough power to never leave you hanging. Its twin turbo V8 engine produces 577 HP. As you drive down the road, you won’t feel a single bump thanks to its brilliant suspension and leather interior. You can grab the S63 for $144,700, and the insurance will set you back $3,500 per year.

5. Porsche Panamera S Executive

The Panamera is definitely worth the title of a flagship luxury car. It sports a 570-HP V8 engine and gets you from 0-60 MPH in mere 3.5 seconds. With a $200,500 price tag, this premium sports sedan is worth every penny. The Executive model adds additional six inches to the wheelbase, meaning there’s plenty of room for those who wish to be chauffeured. Those who get behind the wheel will never want another vehicle ever again, but they will need to pay $3,400 in insurance fees.


Multiple Factors Play a Role in Insurance Costs

Image courtesy of Full Coverage Insurance, hosted under CC BY 2.0.

Image courtesy of Full Coverage Insurance, hosted under CC BY 2.0.

The prices that are listed above are an average of the insurance bills that anyone can expect to pay for the models in question. Your driving history and your location will all play a role in the cost of insurance coverage. Depending on where you live and the specific risks of the area (weather is also a factor, for instance), your insurance might be higher or lower.

Overlooking the cost of insurance when buying a new car can result in unexpectedly high insurance premiums. Depending on your budget, interests and style, you will want to find a car that offers the perfect balance. If you want to keep your insurance costs low, search for cars with latest safety features and superb safety ratings.

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