It's no surprise some of the most expensive makes and models of 2020 are also the most expensive to insure. But price tags aren't the biggest factor at hand in pricing auto insurance policies for high-end luxury vehicles. For more context, researchers at Insure.com compiled data on auto policies for new cars in 2020 to determine which vehicles were the most and least expensive to insure based on their average premium rates. At the lowest end, Insure.com found the MazdaCX-3 Sport is the cheapest new car to insure in 2020 with an average premium rate of $1,324. On the opposite side of the spectrum, the most expensive car to insure in 2020 has an average annual premium of $4,082. In pricing auto policies, insurers, of course, factor in the cost of the vehicle in the event the car is damaged or destroyed by a covered peril. The most expensive premiums list is made up entirely of luxury high-end vehicles and sports cars, but these 2020 models aren't necessarily the most costly on the market.

Factors fueling premium prices

There are other factors driving up premiums, too. How the car is made, safety ratings, estimated cost for repairs, and technology built into the car are a few examples. Some types of cars will always be more expensive to insure regardless of some of these additional factors. Convertibles, for example, are always more expensive to insure since they are easier to steal, and roof damage is much easier to cause and costs more to repair. In the slideshow above, discover which new models made the list of the 20 most expensive cars to insure in 2020, ranked by Insure.com. See also:

• 10 most expensive motorcycles of 2020
• These classic cars (and motorcycle) are likeliest to rise in value in 2020
• Top 15 private passenger auto insurers of 2019