Car insurance is rarely a fun topic, as most people only think about the issue when it’s time to pay the bill or when something bad happens to their vehicle.
Thankfully, Insure.com is spicing up the subject by releasing its annual report which shows the least and most expensive vehicles to insure. The extensive study averaged quotes from six different insurance companies in all 50 states. More impressively, the study looked at more than 2,800 different vehicles including everything, from entry-level compacts to ultra-luxury convertibles.
Starting with the cheapest vehicles to insure, the Honda Odyssey LX walked away with the title for a second year in a row, with an average premium of $1,112 per year. The minivan was closely followed by the Jeep Renegade Sport and Jeep Wrangler Black Bear, which have an average annual insurance premium of $1,138 and $1,148, respectively.
Five different Jeep vehicles finished in the top ten including the Compass (#5), Cherokee Sport (#7), and Patriot Sport (#8). According to Insure.com’s consumer analyst, Penny Gusner, “When people think of Jeeps, they typically think about ruggedness, not bells and whistles. The Jeeps on the list are the entry-level and thus would cost less to repair or replace than a car that comes with lots of expensive luxury features.”
At the other end of the spectrum, the Mercedes S65 AMG Convertible had the dubious honor of being the most expensive car to insure, with average annual premium of $3,835. Unsurprisingly, the rest of the list is made of up powerful and expensive vehicles such as the Audi R8 V10, Dodge Viper GTS, and Maserati Quattroporte GTS.
Perhaps the most interesting thing about the list is the fact that the Mercedes C43 AMG Convertible is more expensive to insure than pricier models such as the Mercedes-Maybach S600 and Nissan GT-R Nismo. Insure.com notes that convertibles are more prone to thefts and break-ins, so car insurance rates will typically be higher than their coupe counterparts.
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