digression from raising your deductibles and ensuring you ’ re getting every discount to which you ’ re entitled, the best way to save money on your car insurance premiums is to choose a car or truck that ’ s inherently cheaper to cover .

For 2017, nine of the 10 least-expensive to insure vehicles are family friendly SUVs, with no less than five of them coming from Jeep. The top exemplary in this attentiveness is again the Honda Odyssey minivan, boasting an industry-low median annual premium of $ 1,112. That ’ second according to Insure.com ’ s annual cost-to-insure rankings, which we ’ re have in the accompanying slide usher .
“ The family-friendly Honda Odyssey tops the least expensive list for the second year race, ” says Penny Gusner, Insure.com ’ mho consumer analyst. “ Being a favorite of ripe parent drivers and having a capital safety record avails it to cheaper indemnity premiums. ”

By contrast, the most-expensive mainstream models to insure for 2017 ­are all among the richest and flying luxury and sports cars, with the rackety V12-powered Mercedes-Benz S65 AMG Cabriolet ( MSRP : $ 250,000 ), leading the carry with an average annual premium of $ 3,835. We ’ re featuring the 10 dearly-won to cover models in a separate post .
A given model ’ south policy rates are largely based on a combination of data that includes the vehicle ’ s original gummed label price, estimated haunt costs, guard ratings, and its claims history. For starters, cheaper cars are automatically assigned lower rates than more expensive models because they tend to be less costly to repair, and reach a lower doorsill before being “ totaled ” after an accident. Models getting peak marks in crash tests conducted by the Insurance Institute for Highway Safety and the National Highway Traffic Safety Administration similarly catch a break here for their clear resident protective covering. besides, models that fare the best in terms of claims history, including the cost of physical damage the car both incurs and inflicts upon other vehicles in a crash and the austereness of personal injuries involved, besides enjoy the lowest rates.

“ Vehicles that cost less to insure are normally those driven by safe drivers, such as those ferrying around children, ” Gusner says. “ As more parents have moved to driving SUVs, we have seen SUVs take over the least expensive number. ”
unfortunately, this is only region of the equality. Auto insurance premiums are differently based on personal factors including a policyholder ’ sulfur old age, arouse, marital status, address, credit rating, and drive commemorate, which combine to provide his or her statistical likelihood of getting into an accident or having a fomite stolen or otherwise damaged. It always pays to shop around for coverage because the alleged actuarial formulas used to compute car insurance rates are moving targets that can vary significantly among providers, with some companies charging more or less to cover certain combinations of hazard factors than others .
In Pictures : 10 Least-Expensive Cars To Insure For 2017 .
The finely print : Insure.com ’ s view was conducted by Quadrant Information Services, with rates based on more than 2,800 car models quoted from six large carriers ( Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm ) in 10 ZIP codes per state. Some models, peculiarly exotic cars, were excluded. Estimates are based on an unmarried 40-year-old male driver with good credit, no accidents or moving violations who drives 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 examination coverage.

Follow us on Facebook, Twitter and Pinterest .
See besides : The Costliest 2017 Cars To Insure .

Leave a Reply

Your email address will not be published. Required fields are marked *