Tuesday, February 20, 2018
Business

SUVs, not minivans, are now the cheapest vehicles to insure

Each year, Insure.com ranks vehicles by the cost of insuring them. This year, in what it terms a ''remarkable upset,'' the Web-based insurance services provider said minivans are no longer the best choice in terms of the lowest insurance rates. For 2013 models, crossovers and SUVs have taken over. � "The SUV is the new minivan," says Russ Rader, spokesperson for the Insurance Institute for Highway Safety, which performs crash tests on vehicles. "These are vehicles used largely by families. … They're not getting into a lot of crashes." � Their lack of crashes and their low repair costs keep insurance rates down. � On the other end of the scale, Mercedes-Benz models accounted for eight of the 10 "most expensive vehicles to insure." � The $160,000 Mercedes-Benz CL600 coupe had the worst annual insurance bill, at $3,357. That compares to $1,128 for the top ranked Ford Edge SE.

The least expensive 2013 vehicles to insure

Make and modelCyl.Avg. annual premium
1Ford Edge SE (above)4$1,128
2Jeep Grand Cherokee Laredo6$1,148
3Subaru Outback 2.5i Premium4$1,150
4Kia Sportage4$1,157
5Jeep Patriot Sport4$1,160
6Chevrolet Express 15008$1,171
7Subaru Outback 3.6R6$1,180
8Hyundai Tucson GLS4$1,189
9Ford Explorer6$1,197
10Hyundai Tucson GL4$1,204

The most expensive 2013 vehicles to insure

Make and modelCyl.Avg. annual premium
1Mercedes-Benz CL600 (above)12$3,357
2Mercedes-Benz CL65 AMG12$3,330
3Mercedes-Benz S65 AMG8$3,221
4Mercedes-Benz SL65 AMG12$3,207
5Mercedes-Benz CL63 AMG8$3,184
6Mercedes-Benz S60012$3,158
7Mercedes-Benz SL63 AMG8$3,075
8Mercedes-Benz S63 AMG8$2,978
9Porsche 911 Turbo6$2,958
10Porsche 911 Turbo S6$2,925

Source: Insure.com

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