What you drive and its production year can have a big influence on how much you pay for auto insurance, according to The Zebra, with a chasm of around $3,600 between the most and least expensive cars to insure. On average, auto insurance rates have tumbled around 4% since 2020, The Zebra reported. The drop was due in part to fewer miles driven and reductions in claims filed. Rates are expected to go back up as the U.S. works back to pre-pandemic driving behaviors. Based on vehicle type, vans are the cheapest to insure, with an average rate of $1,617. Following vans are trucks, SUVs, cars and green vehicles, respectively. The Zebra noted hybrid and electric vehicles are more expensive to insure because of higher repair bills. Also raising rates is the age of the vehicle, with new cars being more expensive to insure than older models because late-year makes are more costly to repair and replace, according to The Zebra. A five-year-old auto is about 14% cheaper to insure than the current-year model. However, variations in model years can lead to differences in rates as some production years could be more prone to crashes, thefts or expensive repairs. The above slideshow ranks the most expensive car models to insure in the U.S. To build the list, The Zebra examined more than 83 million rates to explore pricing trends across all United States ZIP codes and Washington, D.C. Related: |
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