WalletHub, Financial Company
@WalletHub
Cars that make insurance go up are usually sports cars, high-end vehicles, and cars with low safety ratings. Insurance companies use many factors to determine insurance premiums, including the car’s potential repair costs and relevant historical trends for the make and model, such as claims and theft rates.
Characteristics of Cars That Make Insurance Go Up
Feature | Why It Costs More to Insure |
Sport Models | High-performance engines and built-for-speed features mean a higher chance of an accident and expensive parts to repair or replace |
High-End/Luxury Models | High-price vehicles are expensive to replace after an accident |
Upgraded Features | Things like four-wheel drive and bigger engines cost more to repair than their standard versions |
Poor Safety Rating | Drivers and passengers are more likely to sustain serious injuries in an accident, resulting in more expensive medical claims |
High Theft Rates | Vehicles statistically more likely to be stolen cause more expensive insurance rates |
Popular Cars with Expensive Annual Premiums
- Lexus LS - $3,308
- BMW X5 - $2,539
- Dodge Challenger - $2,461
- Ford Mustang - $2,450
- BMW 3 Series - $2,435
- Cadillac Escalade - $2,434
- Dodge Charger - $2,423
- Lexus ES - $2,394
- Chrysler 300 - $2,343
- BMW X3 - $2,250
On the other hand, minivans and crossovers tend to be among the cheapest cars to insure.
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