When you think of insuring your vehicle, some common myths come to mind, for example, a red car is the most expensive color car to insure, sports cars cost the most, etc. Here is some interesting information about car insurance:
- Family-friendly four doors are usually the cheapest to insure.
- The top four cheapest cars to insure are minivans.
- American and Japanese non-luxury minivans, SUVs and sedans make up the 10 least expensive cars to insure.
- The Chrysler Town & Country LX costs a national average of $1,091.80 per year to insure.
- The Chevrolet Corvette two-door coupe which costs around $1,741 per year on average to insure.
- Overall, European brands including Mercedes, Porsche, Aston Martin and BMW are the most expensive to insure.
- The fully loaded BMW 750i which can set you back about $3,280.70 in annual insurance fees.
- The 12-cylinder Mercedes SL65 AMG can cost an annual average of $3,543.81 per year in insurance costs alone, making it the most expensive car in America to insure.
- The five-door, four-cylinder Toyota Sienna costs $1,100.66 per year to insure, and a similar Toyota Sienna LE costs about $1,107.70 to insure.
- The Kia Rio costs $1,522, the annual insurance premiums
- Michigan, Louisiana and Oklahoma are the top three states with the most expensive average auto insurance premiums.
*These rates are calculated by an average annual insurance premiums based on a single 40-year-old male driver with good credit, a clean driving record, and who commutes 12 miles to work each day. Premium quotes come from six large insurance carriers: State Farm, Allstate, Progressive, GEICO, Farmers and Nationwide.
Of course, your own rates may vary based on your personal situation. Age and driving experience of owners are also a factor.
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