You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the lector. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow nonindulgent guidelines to ensure that our column content is not influenced by advertisers. Our column team receives no direct recompense from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a inspection, you can trust that you ’ re getting credible and dependable data. We measure your faith. Our mission is to provide readers with accurate and indifferent information, and we have editorial standards in space to ensure that happens. Our editors and reporters thoroughly fact-check column content to ensure the information you ’ ra reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our column team does not receive direct compensation from our advertisers. Bankrate follows a hard-and-fast editorial policy, so you can trust that we ’ rhenium putting your interests beginning. Our award-winning editors and reporters create honest and accurate capacity to help you make the right field fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ rhenium putting accuracy first. Our policy team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — then you can feel confident about which supplier is correct for you. Bankrate follows a rigorous column policy, so you can trust that we ’ rhenium putting your interests first. All of our subject is authored by highly qualify professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and desirable of your trust. Founded in 1976, Bankrate has a long track read of helping people make smart fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making procedure and giving people confidence in which actions to take adjacent. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This subject is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. The have and model of the fomite you drive are influential in determining your car indemnity rates. Crash statistics vary by vehicle make and exemplary, making certain vehicles riskier for car indemnity companies to insure. Drivers typically experience higher insurance premiums if their fomite has expensive parts or repair costs. On the other handwriting, vehicles equipped with certain guard features are cheaper to insure since base hit features typically make the vehicle less prone to accidents, larceny and certain damages. In addition to your fomite ’ s make and model, your policy costs are determined by a mix of factors, including your driving history, ZIP code ( except in California and Michigan ) and the coverage options you choose. For exemplify, purchasing liability policy alone is cheaper than purchasing full coverage insurance, which typically includes collision coverage and comprehensive examination coverage .
What is a car make?
A cable car ’ mho reach is the company that manufactured the car, such as Ford, Nissan, Honda, GMC or Tesla. An easy way to remember this terminology is that whenever asked for a cable car ’ mho make, plainly name the ship’s company that makes it.
What is a car model?
A car ’ south mannequin is the specific merchandise line that the manufacturer sells. In the character of a Honda Civic, the produce is Honda, and the model is a Civic. With a Tesla Model S, Tesla is the make and Model S is the exemplary. Products such as the Jeep Grand Cherokee Laredo and the Jeep Grand Cherokee Limited are considered different models, even though they have alike names. Each model has different features, which factors into the car indemnity bounty for each .
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How car make and model affects insurance rates
While two drivers might have the like cable car make and model, that doesn ’ triiodothyronine necessarily mean they will pay the same for car insurance coverage, evening if they have identical drive records. There are early factors to consider. The kind of coverage selected will besides impact car policy rates. Insurers besides consider the follow factors when determining policy rates .
Age of vehicle
Newer cars cost more than older ones. For exemplify, a 2010 Ford Fusion will be worth a draw less than a mark new 2022 Ford F-150. The newer the cable car, typically the more expensive the insurance. Some exceptions to that rule include classical or rare cars. The class the car was manufactured play merely ampere big a character in the premium as the make and mannequin itself .
Size of vehicle
Besides the take and the exemplar of the car, the size besides impacts the annual premium. The bigger and heavier the construction of a vehicle, the more it normally costs to insure because big cars can cause more damage. For example, a ache car is less of a risk to early vehicles on the road than a Jeep Wrangler, which is why it might be more expensive to insure the latter .
Trim level
mod car owners love bells and whistles. Sunroofs, leather interiors, fathom systems, Bluetooth and internet connectivity make driving more fun and convenient, but they besides add to the policy premium. Base models that come without fancy add-ons avail keep the cable car ’ s cost and the indemnity down .
Safety features
cable car indemnity companies typically charge slightly lower premiums for vehicles with certain safety features because they reduce the risk of accidents and prevent goodly damages in lawsuit of collisions. policy providers look at condom features like electronic stability dominance, anti-lock brakes and anti-theft systems .
Cost of repairs
The price of parts and haunt costs vary by make and model. In general, domestic vehicles have cheaper parts than alien vehicles. Luxury vehicles, excessively, are by and large more expensive to fix and have more expensive parts than lower-end vehicles. As a solution, lavishness vehicles are normally more expensive to insure .
Type of coverage
Keep in thinker that the type of car is merely one of respective factors that determine the monetary value of car indemnity. Your credit history, ZIP code and more are besides probable to factor into your policy premiums in most states. It besides matters what type and how much coverage you select. The follow board provides minimum and full coverage car insurance rates for popular fomite makes and models. Although your individual rates will vary based on your personal characteristics, these rates may be helpful for the sake of comparison. We have sorted the tilt by cheapest to most expensive full coverage rates. Although it may be tempting to keep costs moo by entirely purchasing the minimum amount of car policy required, most experts recommend purchasing more coverage to better protect your investing .
| Car make and model | Average annual full coverage rate | Average annual minimum coverage rate |
|---|---|---|
| Jeep Wrangler | $1,358 | $517 |
| Subaru Outback | $1,361 | $456 |
| Honda CR-V | $1,369 | $487 |
| Subaru Forester | $1,419 | $459 |
| Ford Escape | $1,430 | $495 |
| Ford F-150 | $1,442 | $499 |
| Hyundai Tucson | $1,455 | $491 |
| Chevrolet Equinox | $1,467 | $495 |
| Toyota RAV4 | $1,510 | $501 |
| Toyota Highlander | $1,511 | $498 |
| Mazda CX-5 | $1,522 | $484 |
| Jeep Grand Cherokee | $1,531 | $516 |
| Ford Explorer | $1,536 | $492 |
| Toyota Tacoma | $1,539 | $486 |
| GMC Sierra | $1,555 | $503 |
| Nissan Rogue | $1,560 | $507 |
| Ford Fusion | $1,674 | $508 |
| Toyota Camry | $1,674 | $565 |
| Chevrolet Silverado | $1,682 | $585 |
| Toyota Corolla | $1,695 | $531 |
| Ram Pickup | $1,697 | $527 |
| Honda Accord | $1,733 | $509 |
| Honda Civic | $1,733 | $509 |
| Nissan Altima | $1,788 | $526 |
| Tesla Model 3 | $2,283 | $513 |
Frequently asked questions
What is the best car insurance company?
The best car indemnity ship’s company depends on your person policy needs and preferences. If you are looking for the lowest bounty, you may want to start by getting car policy quotes from the cheap car policy companies. If you care about solid customer service, claims treatment, fiscal potency and digital experience, you may want to get quotes from the best cable car policy companies in your area. An independent policy agent may be able to help you narrow down which companies offer the policy types you ’ re looking for at a price that ’ mho correct for you .
What are ways to help lower car insurance premiums?
To lower your car indemnity premium, you may want to shop about and request quotes from multiple car insurance providers. You may besides want to see which of the best car indemnity discounts apply to you. If you ’ re a good scholar, a safe driver or a member of certain master groups, you may be able to qualify for significant savings. respective companies offer big discounts for bundling your car insurance policy with a dwelling or renters policy from the like ship’s company. An policy agent can walk you through specific deals that apply to you .
What can cause your car insurance premium to go up?
several factors can cause an increase in your cable car insurance. Driving violations such as speeding tickets or DUIs can cause your cable car insurance to spike, depending on the severity of the trespass. car accidents, changing the vehicle you drive, moving to a different geographic location, and respective other factors may besides cause your premium to increase.
Read more: Best car insurance companies for 2022
Methodology
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male driver with a clean tug record, beneficial credit and the trace full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimal coverage limits, Bankrate used minimum coverages that meet each department of state ’ s requirements. Our sample driver commutes five days a workweek and drives 12,000 miles annually. The vehicles analyzed are the 25 top-selling models in the U.S. in 2020 as reported by Kelley Blue Book. These are sample rates and should be used for comparative purposes entirely. Your quotes may be different .