Tuesday, November 21, 2017
Business

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

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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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