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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 model Cyl. Avg. annual premium
1 Ford Edge SE (above) 4 $1,128
2 Jeep Grand Cherokee Laredo 6 $1,148
3 Subaru Outback 2.5i Premium 4 $1,150
4 Kia Sportage 4 $1,157
5 Jeep Patriot Sport 4 $1,160
6 Chevrolet Express 1500 8 $1,171
7 Subaru Outback 3.6R 6 $1,180
8 Hyundai Tucson GLS 4 $1,189
9 Ford Explorer 6 $1,197
10 Hyundai Tucson GL 4 $1,204

The most expensive 2013 vehicles to insure

Make and model Cyl. Avg. annual premium
1 Mercedes-Benz CL600 (above) 12 $3,357
2 Mercedes-Benz CL65 AMG 12 $3,330
3 Mercedes-Benz S65 AMG 8 $3,221
4 Mercedes-Benz SL65 AMG 12 $3,207
5 Mercedes-Benz CL63 AMG 8 $3,184
6 Mercedes-Benz S600 12 $3,158
7 Mercedes-Benz SL63 AMG 8 $3,075
8 Mercedes-Benz S63 AMG 8 $2,978
9 Porsche 911 Turbo 6 $2,958
10 Porsche 911 Turbo S 6 $2,925

Source: Insure.com

SUVs, not minivans, are now the cheapest vehicles to insure 01/21/13 [Last modified: Sunday, January 20, 2013 6:38pm]
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