Despite rising auto prices and the hassle of buying a new vehicle, many love car shopping. In 2021, Kelley Blue Book estimated that a record number of Americans bought 40.9 million used cars in 2021 – a 28% increase over the previous year.

If you’re in the market for a car, consider the impact a vehicle’s make and model will have on how much you pay for car insurance. Typically, more expensive cars cost more to insure while cheaper, smaller cars cost less. Use the below tool to see and estimate insurance rates for various car makes and models.

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Insurance Rates by Car Model

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Key Highlights
  • Maserati Quattroporte is the most expensive car to insure at an average annual premium of $5,176, based on CarInsurance.com’s study. 
  • Subaru Forester Wilderness is the cheapest car to insure at about $1,353 per year, according to a rate analysis by CarInsurance.com.
  • Foreign vehicles like BMWs, Toyotas and Mercedes usually cost more to insure. This is because they often need special parts to replace and mechanics that specialize in foreign vehicles. 
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Written by:
Laura Longero
Executive Editor
Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.
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Reviewed by:
John McCormick
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Editorial Director
John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

Why do insurance rates vary by car?

The type of car you drive is one of the key factors in how much you’ll pay for auto insurance. Why? Because luxury or more expensive vehicles often cost more to repair, so insurers will charge you more to insure them.

Additionally, if your car is one of the most popular models for car thieves, such as the Honda Civic or Honda Accord, your rates will also be higher.

“Models such as Chevy, Dodge, Mazda and Mitsubishi are all less expensive to insure, on average,” says Lauren Mckenzie, insurance broker at Learnandserve.org. “Typically, foreign vehicles – such as a BMW, Toyota or Mercedes – will all cost more to insure because most of these vehicles require special parts to replace and special mechanics specializing in foreign vehicles. Sports cars will also be more expensive to insure because their cost for parts is generally much more expensive than a Dodge or Chevy.”

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Why do insurance rates vary by car make and model?

The most significant factors insurance companies consider when setting rates are the vehicle, how much it will cost to repair or replace, and the driver risk.

So, when it comes to your vehicle, there are a few factors that affect how much you pay for insurance:

  • Vehicle age: Newer vehicles cost more to insure because they’re worth more.
  • Safety ratings: Safer cars get into fewer accidents.
  • Sticker price: The higher the price of the car, the more you’ll pay for insurance.
  • Repair costs: If your vehicle has a lot of after-market parts, it will be harder to procure the parts — and they’ll be more expensive.
  • Theft rate: Vehicles that are stolen more often cost more to insure.

“Insurance prices vary by year/make/model because each vehicle has a different value, which would be factored into the cost to repair/replace the vehicle,” Mckenzie says.

Tip iconExample

If a vehicle is worth $10,000, it would cost a lot less to insure than a vehicle worth $60,000 because the cost of parts will be more expensive on a higher-value vehicle than on a lower-valued vehicle. If a vehicle is totaled out, replacing a car at $10,000 vs. $60,000 is a significant price difference, making insurance prices more expensive for newer, expensive cars.

What is a car’s make and model?

Think of a car make and model like your last and first names. The “make” is the last name or brand name – Dodge, Lexus, BMW, Tesla, etc. The “model” would be your first name – the individual model of the vehicle, so this would be Camry (Toyota), Ram (Dodge) or Fusion (Ford).

To get accurate insurance quotes, you need to know the make and model of your vehicle, as well as the model year and other details: ZIP code and the ages of the drivers that will be listed on the policy, current insurance status, vehicle ownership status and whether you rent or own your home.

Check out our detailed guide on car make and model: What they mean and why they matter

Can a car’s trim and body style affect insurance rates?

In addition to year, make and model, your vehicle’s trim and body styles can affect your car insurance rates. Trim styles that offer greater horsepower and luxury details can add to the vehicle’s MSRP, which could mean higher rates.

“The trim level of a vehicle may impact insurance prices a little, but not much,” Mckenzie says. “The different packages and safety features a vehicle has could impact $5-$10 monthly on insurance, depending upon the vehicle.”

Here’s a breakdown of various trim types and body styles:

  • Trim types: Standard, sport, luxury
  • Body style: Coupe, sedan, hatchback

“Generally, smaller vehicles are cheaper to insure because they are cheaper to replace. Body style is factored into the rate because it does also play a part with having to do with safety features,” Mckenzie says. “An SUV or truck may be cheaper to insure than a sports car, not only because of the difference in the value of the vehicles, but SUVs and trucks are generally safer than a small car, and may not take that much damage in the event of an accident.”

What are the most affordable cars to insure?

The cheapest cars to insure are ones whose parts are readily available. See the table below for the most affordable cars to insure.

Top 5 cheapest cars to insure
RankMakeModelNational Average Rate
1SubaruForester Wilderness$1,353
2HyundaiVenue SE$1,360
3HondaCR-V LX$1,366
4MazdaCX-30 S$1,379
5ToyotaC-HR XLE$1,384

What are the priciest cars to insure?

See the table below for the most expensive vehicles to insure.

Top 5 most expensive cars to insure
RankMakeModelNational Average Rate
1MaseratiQuattroporte$5,176
2MaseratiQuattroporte Modena Q4$5,118
3BMWM8 Competition Gran Coupe$4,231
4PorschePanamera Turbo S E-Hybrid Executive$4,221
5AudiRS e-Tron GT$4,150

Final thoughts: Insurance rates by car

The more expensive your car is, the more you’ll pay for car insurance. If cost is your main concern when shopping for a vehicle, make sure you buy a car that’s highly rated for safety, is not frequently stolen and is one of the cheapest cars to insure.

“Most sports cars are expensive to insure,” Mckenzie says. “The newer the vehicle, the greater the cost for insurance – especially for younger drivers.”

Resources & Methodology

Source

Kelley Blue Book. “Despite Soaring Prices, Americans Bought Record Number of Used Cars in 2021.” Accessed January 2024.

Methodology

CarInsurance.com commissioned Quadrant Information Services for full-coverage insurance rates for more than 2,500 car models from Allstate, AmTrust, Farmers, Geico, Nationwide, Progressive and State Farm for a 40-year-old male driver with a 12-mile commute and 10 ZIP codes per state.

Laura Longero

Ask the Insurance Expert

Laura Longero

Executive Editor

Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.

John McCormick

Ask the Insurance Expert

John McCormick

Editorial Director

John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

Leslie Kasperowicz

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Leslie Kasperowicz

Managing Editor

Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.

Nupur Gambhir

Ask the Insurance Expert

Nupur Gambhir

Managing Editor

Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.

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Executive Editor

Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.