As usual, there were a number of convertibles on the list, a total of three to be exact. To get this year’s list, we turned to Insure.com, which aggregated data in all 50 states from six major insurance companies on 2,300 different models. "If you cannot easily afford the insurance premium, you really can't afford the car," advises Gusner. Sep 25, 2020. If you need a loan or lease to put your fantasy car in your garage (who doesn't) you will need to carry full coverage which includes collision and comprehensive. The CX-3 costs a mere $1,324 to insure which is a whopping $580 less than the national average of $1,904. The 2020 Honda CR-V LX highlights this fact. 2. "Sports cars and high-end luxury vehicles are usually much more expensive to insure because of repair costs. The rate includes uninsured motorist coverage. The Mazda CX-3 Sport jumped up from the fourth-place spot to grab the brass ring and it's slightly larger sibling the CX-5 tied for the eighth spot. NerdWallet looked at last year’s 25 best-selling models and analyzed rates to determine which are the cheapest cars to insure. “Given Mazda’s track record for reliability, I am not surprised to see the CX-3 Sport as one of the most affordable vehicles to insure,” said Carl Anthony, managing editor at, “Sports cars and high-end luxury vehicles are usually much more expensive to insure because of repair costs,” Carole Walker, executive director with the Rocky Mountain Insurance Information Association, told. “The finishes in these vehicles is often much more expensive than the materials used in a moderately priced car.”. These are just examples and we've made a lot of assumptions. In fact, certain SUVs have comparable insurance rates to sedans (with some coming in even cheaper). Opt for the 150PS 2.0-litre petrol engine and it’ll be cheap to run, returning a combined 40.9mpg and slotting into insurance group 23. Auto analysts are predicting that 2020 will see sales of roughly 16.7 million to 17.1 million vehicles. While that is certainly a big number, if you can afford the $162,000 starting price, another four grand probably isn't going to break the bank. Both of our tools show the national average as well as state average annual rate. The CR-V’s long list of standard safety equipment impresses, as does its flexible seating. In fact, the top three least expensive vehicles to insure are all SUVs! Regardless of which country they hail from, all of the cars on the list are high-end luxury and sports cars that have a big, powerful engine under the hood and are bursting with cutting edge technology as well as luxury finishes. “In recent times, Honda has really drawn attention to their Honda Sensing package, a collection of advanced safety features. Lane-departure warning with steering assist is newly standard for 2020, as is forward collision warning with automatic emergency braking. The cars on the list range from … The latter system is effective, too, securing top IIHS ratings against both vehicles and pedestrians." In the midst of the European nameplates there are a couple of vehicles made in the U.S. Tesla managed to put two vehicles on the list this year. Find out how much your premium will be by comparing quotes. The cheapest cars to insure are largely SUVs and midsize vehicles. Insure.com says the Model X Performance costs $3,798 on average to insure per year, making it the eight month expensive vehicle to insure on the list. "Safe, slow, and simple is a recipe for low insurance rates, points out Harley. In addition to its 2020 list price of $32,765, average insurance costs for a Ford Explorer total about $1,589 annually. The Audi R8 cranks out 602 horsepower and can go over 200 miles an hour. Honda Sensing is widely available across their product line regardless of trim level,” said Anthony. The most expensive SUVs for insurance tend to have a higher price tag, have a sportier design and performance and have other luxury features. It costs over $160,000 to buy the vehicle, though, so we assume people who are purchasing one aren’t all that concerned about an extra four grand. In years past, SUV and CUVs dominated our list of least expensive cars to insure and 2020 is no exception. We are here to help. The Pop is a small car with an affordable starting price that is also loaded with safety features making it cheap to insure. It is simple. "While most new vehicles are packed with technology that can result in a safety discount, all of that technology can also add to the repair costs," says Walker. This year, like last year, a Mercedes was the most expensive car to insure, the AMG GT-R will set you back $4,082 a year for insurance, or $141 more than last year’s winner, Nissan’s GT-R that placed third most expensive this year. This hypothetical driver has a clean record and good credit. The LX dropped all the way down to the number six spot after dominating the top spot for almost a decade. For SUVs … Paying for any insurance plan requires some attention to accounting, but when it comes to vehicles, a number of factors determine just how big that budget should be. Car insurance is more expensive today than ever before. 1. On the other end of the spectrum are vehicles that are highly expensive to insure. The second most expensive to insure car is a full-on sports car with a 5.2-liter dual-injection V10 under the hood. The Jeep Wrangler Sport S made the third top spot on the list with an average rate of just $1,334 to insure per year. These types of vehicles tend to have strong safety ratings, security features, and cost less to repair. We can help you find an affordable policy for just about any car quickly and easily. Only one car made our list, the Honda Fit LX Sensing came in at number 11. These are just examples and we've made a lot of assumptions. But, generally speaking is a small SUV such as a Ford Escape more expensive to insure … The most expensive pickup truck in our study is 6% more expensive than the national average for cars and an astounding 67% more expensive than the cheapest truck in our study. To see whether insurance might cost more for higher trims in the same vehicle, we also did our own highly unscientific comparison on rating site Kanetix. 5 in the industry by Insure.com for 2016—right between the Jeep Patriot and the Jeep Compass. Jeep, which has put a number of vehicles on our least expensive to insure list over the last few years kept their streak going with two models in the top 10 (the Renegade Sport) and three in the top 20. "Sky high insurance premiums (which come with a number of our most expensive cars to insure) can quickly make a vehicle unaffordable, pushing your dream car out of reach. The GMC Canyon finished in 18th place while the Ford F-150 XL was the 27th cheapest vehicle to insure. It's built on a Jeep Renegade platform, making it rugged and quite durable. A smaller engine combined with a simple design will almost always result in an affordable insurance premium. The study found it costs just $1,324 to insure, close to $600 less than the national average! The insurance company is going to be concerned about how much you are paying for the vehicle. Top 10 Least Expensive Cars to Insure. Crossovers and SUVs dominated as the least expensive vehicles to insure – including models from Jeep, Kia and Hyundai – highlighting a shift away from minivans as the go-to vehicle for families. "This rear-wheel drive "muscle car" boasts one of the most powerful engines on the market, which increases its potential for a crash" points out Harley. Insurers always factor in the cost of replacement or repair in the event of a future accident," says Greg Fowler with AutoInsureSavings. Averages are based on full coverage for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. More specifically, the Wrangler Sport was ranked No. The CX-3 is a small CUV that is popular with families and comes loaded with safety features. Advanced safety features help prevent crashes, which prevents claims, leading to lower insurance costs. On top of all the luxurious materials, luxury cars are loaded with technology. The national average to insure a 17-year-old for car insurance is $5,925, which is 237% more than what adults over 30 pay. Prevents claims, leading to lower insurance premium number of convertibles on the list of safety. Chit chat, Let 's have a look at how least and most expensive SUVs to insure year... 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