Website's New Study Reveals Cheapest And Most Expensive New Vehicles To Insure

According to a new study by Insure.com, in its annual study of the least and most expensive vehicles to buy coverage for, SUVs and crossovers have replaced minivans when it comes to finding the most affordable 2013 model-year vehicles, displacing minivans.

The website notes that insurance rates are based on a variety of factors including the number of claims filed and how expensive they run. In turn, claims are impacted by the cost of repairs and any medical bills involved in a collision.

The figures the site quotes are a best-case scenario. Someone with points on their record should expect to pay more for coverage – especially for expensive and powerful vehicles. Rates also may vary depending on the state and community where you live. Insurers frequently penalize those who live in an area with high theft or collision rates.

According to Insure, the ten least expensive models are:

Ford Edge SE: $1,128
Jeep Grand Cherokee Laredo: $1,148
Subaru Outback 2.5i Premium: $1,150
Kia Sportage: $1,157
Jeep Patriot Sport: $1,160
Chevrolet Express 1500: $1,171
Subaru Outback 3.6R: $1,180
Hyundai Tucson GLS: $1,189
Ford Explorer: $1,197
Hyundai Tucson GL: $1,204

At the other end of the spectrum, the most expensive vehicles to insure are:

Mercedes-Benz CL600: $3,357
Mercedes-Benz CL65 AMG: $3,330
Mercedes-Benz S65 AMG: $3,221
Mercedes-Benz SL65 AMG: $3,207
Mercedes-Benz CL63 AMG: $3,184
Mercedes-Benz S600: $3,158
Mercedes-Benz SL63 AMG: $3,075
Mercedes-Benz S63 AMG: $2,978
Porsche 911 Turbo: $2,958
Porsche 911 Turbo S: $2,925

NAFA Fleet Management Association
125 Village Blvd., Suite 200
Princeton, NJ 08540

Telephone: 609.720.0882 Fax: 609.452.8004