Average Auto Insurance Rates by Car in 2023

Not only do the make and model of your vehicle affect the cost, but they also affect auto insurance rates. For example, luxury or expensive vehicles come with higher rates. However, most car makers offer various models in multiple price ranges so drivers can buy and insure a vehicle within their budget.

Your trim package also impacts your rates. For example, features that are expensive to repair, such as a larger engine or upgraded sound system, can raise auto insurance rates. However, safety features may make you eligible for auto insurance discounts that can lower your rates.

In order to compare insurance rates by car, be sure to include your make, model, and trim level. Each auto insurance company charges different rates for your vehicle, so compare multiple insurers to find the best deal.

Keep reading to learn about how your vehicle’s make, model, and trim package affect auto insurance rates and the cheapest makes and models to insure.

Do auto insurance rates differ by vehicle?

Many factors affect the cost of auto insurance, including age, driving record, and coverage level. In addition, your vehicle also impacts your rates. For example, a new or expensive car costs more to insure since repairs or replacements are costly.

Your vehicle’s make and model significantly affect your rates. Some cars come with expensive technology and custom parts or are considered luxury vehicles, making affordable auto insurance hard to find. Since you need higher coverage limits to pay for costly repairs, auto insurance rates increase.

Before you purchase a new car, shop around for quotes to compare insurance rates by model.

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How does a vehicle’s make and model affect auto insurance rates?

A vehicle’s make is the manufacturer. Popular car makers include Ford, Chevrolet, Honda, Toyota, BMW, and Lexus. The model is a vehicle produced by that maker, such as the Ford Focus, Chevrolet Tahoe, and Honda Ridgeline.

Since many car manufacturers offer a wide range of vehicles, insurance rates vary widely depending on if you choose a base model or a more expensive car. For example, Ford Escape auto insurance rates differ greatly from F350 Super Duty rates.

Additionally, some car makers, such as BMW, Lexus, and Porche, are considered luxury brands. These luxury car makers use higher-end materials and parts, raising repair costs. So, drivers can expect insurance prices by car model to be higher for these manufacturers.

While newer vehicles tend to have increased auto insurance costs, they also come with numerous safety features. These added features keep you safer, help you avoid accidents, and even save you money with car insurance discounts.

Car theft also affects auto insurance rates for certain vehicles. Some vehicles, like Honda Accord, have higher rates of theft. So, auto insurance rates for those vehicles are higher to cover this possible threat.

What is the make and model of my car?

It’s essential to know the make and model of your car. Not only do you need the information in order to buy replacement parts, but the DMV and your insurance company need to know to register and insure your vehicle.

Car makes tend to have multiple models available since each driver’s needs are different. So, you can’t automatically assume your car’s model solely based on the manufacturer.

Fortunately, there are ways to find your car’s make and model. First, most vehicles have the information visible on the back of the car. For example, you may have stickers or emblems that say Ford Focus or Honda Civic.

Another way to find the make and model of your car is to look in the manual. Not only should it list your make and model, but it should also offer important details, such as vehicle features and fluid requirements. Find out how much car insurance for a Ford Focus ST is.

Does body type affect auto insurance rates?

Yes, the type of vehicle impacts rates, in addition to the make and model. For example, large SUVs are more likely to have roll-over accidents and cause significant damage in an accident.

Sports cars have higher auto insurance rates as well. This is because drivers may drive faster or more recklessly in a sports car, making an accident more likely. In addition, soft-top convertibles have higher auto insurance rates since they are easier to steal.

What are different vehicle body types?

Most car makers offer different body types since drivers have different preferences and needs regarding vehicle style.

Vehicle body types include:

• SUV
• Pickup truck
• Sedan
• Minivan
• Coupe
• Stationwagon

While these are the primary vehicle types, there are other classifications for each type. For example, convertible, hybrid, and electric styles may be available for any kind of vehicle and may also affect auto insurance rates.

In addition, not all body styles come with the same insurance rates. For example, both Honda and BMW produce sedans, but MSRP and insurance costs vary significantly between the two makers.

Remember, auto insurance rates vary by body type. So, carefully consider the vehicle type before buying a new car.

Which makes and models are less expensive to insure?

The cheapest cars to insure vary by make and model. Typically, vehicles with a lower MSRP and more safety features are more affordable to insure. Since the overall price is lower and these cars are less likely to be in an accident, insurance companies charge less to cover them.

Drivers can lower auto insurance rates by taking advantage of auto insurance discounts based on vehicle features. For example, most insurers offer vehicle feature discounts for anti-theft devices, collision avoidance systems, and other safety features.

More expensive or luxury cars have higher auto insurance rates because they cost more to repair or replace. However, within luxury brands, there are specific models that are less costly to insure.

Auto Insurance Rates by Make

As we’ve discussed, auto insurance rates vary by vehicle. To give you an idea of how much insurance rates can vary by maker, we’ll compare several manufacturers.

This table compares Geico’s average monthly auto insurance rates for Ford, Honda, and Toyota.

2018 Honda Civic Sedan auto insurance rates are slightly higher than 2015 Ford F-150 rates. However, these rates are averages and vary widely by the driver and company.

Auto Insurance Rates by Model

Not only does the car maker affect insurance rates, but the model does as well. Because car makers typically offer multiple types of vehicles, MSRP and insurance rates vary greatly.

This table details the average monthly auto insurance rates for Toyota Camry by model and trim.

Auto insurance rates vary significantly by model. For example, Toyota Camry LE rates are around $112 a month, but Toyota Camry Hybrid rates average $129 a month.

What is the cheapest make to insure?

The cheapest make to insure varies. Typically, makes such as Honda, Volkswagen, Ford, and Chevrolet tend to be cheaper to insure. On the other hand, makers such as BMW, Audi, and Lexus are generally more expensive to insure.

In addition, high-end and exotic cars are significantly more expensive to insure. Cars from makers such as Lamborghini, Aston Martin, and Ferrari can be very costly when it comes to insurance. Some auto insurance companies may even require specialized coverage for these vehicles since they are so expensive to repair.

What is the cheapest model to insure?

Within the cheapest makes to insure, specific models are more affordable than others. For example, the Honda CRV, Volkswagen Beetle, Ford Escape, and Chevrolet Colorado are the cheapest models to insure for those makers.

Each of these makers also offers much more expensive models to insure. So, compare models and makes when looking for cheap car insurance.

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Does trim level affect auto insurance rates?

While many factors affect auto insurance rates, such as age and driving record, your vehicle also significantly impacts rates. Cars that are costly to repair see higher auto insurance rates. In addition, expensive cars tend to require higher coverage limits to pay for repairs.

An upgraded trim package raises the cost of your vehicle, which can then raise your insurance costs. Although auto insurance rates won’t increase much for heated seats, multiple upgrades can add up enough to significantly impact rates.

Let’s say you choose a trim package with a high-performance engine, sunroof, and upgraded wheels. While those features customize your car, they are also expensive to repair and replace. So, although the base model of your vehicle has affordable insurance rates, your insurance rates increase based on your trim package.

Final Thoughts About Auto Insurance Rates by Car

Your vehicle’s make and model affect your auto insurance rates, sometimes significantly. Vehicles that are costly to repair see higher auto insurance rates. In addition, expensive vehicles tend to require higher coverage limits to pay for repairs.

Your car’s make, model, and trim package affect insurance rates. Some manufacturers, such as Honda, Volkswagon, and Ford, tend to have lower insurance costs. On the other hand, brands such as BMW, Lexus, and Mercedes have higher insurance rates.

The model also affects rates. For example, sports cars have higher auto insurance rates since drivers may speed and drive recklessly, leading to more accidents.

Your car’s trim level affects insurance rates to some degree as well. For example, while leather seats won’t raise your rates, choosing a higher trim package, including a larger engine, sunroof, or upgraded sound system, may raise rates when combined.

Compare insurance costs by car make and model before purchasing a new vehicle. Since every auto insurance company charges different rates, compare quotes from multiple companies to find the cheapest coverage for your car.

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