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Data from http://insure.com/

Jeep Wranglers Can Be The Most Affordable Cars To Insure In 2015



A recent study published by http://insure.com tracked the costs of insuring more than 1500 vehicles using data pulled from six major auto insurance providers in more than 500 zip codes nationwide. Results show that minivans and small SUV's tend to be the least expensive while, unsurprisingly, luxury sports cars can be up to 3x the price. Insure.com's consumer analyst Penny Gusner explains:

"Insurance rates are all about claims -- how many and how big...Cars that are cheapest to insure typically are easy to repair or have fewer claims or both."

Averages are based on full coverage for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage.

The most expensive 2015 cars to insure

1 Nissan GT-R Nismo $3,574
2 Mercedes-Benz SL65 AMG Convertible $3,573
3 Dodge SRT Viper $3,318
4 Porsche 911 Carrera S Cabriolet $3,216
5 Audi R8 5.2 Spyder Quattro $3,206
6 Porsche Panamera Turbo Executive $3,174
7 BMW 760Li $3,147
8 BMW M6 Convertible $3,115
9 Mercedes-Benz E63 AMG 4Matic Wagon $3,042
10 Mercedes-Benz CLS63 AMG 4Matic Sedan $2,972

The least expensive 2015 cars to insure

1 Jeep Wrangler Sport 4WD $1,134
2 Jeep Patriot Sport 2WD $1,136
3 Honda CR-V LX 4WD $1,160
4 Dodge Grand Caravan SE Plus $1,162
5 Honda Odyssey LX $1,163
6 Jeep Compass Sport 2WD $1,164
7 Subaru Outback 2.5i $1,176
8 Ford Edge SE 2WD $1,176
9 Smart ForTwo Pure $1,186
10 Ford Escape S 2WD $1,190

Perhaps the most surprising results show that Jeeps took home 3 of the top 10 spots, giving Jeep the edge in promising drivers the maximum fun for their dollar. The bottom spot for Nissan's GTR highlights what can happen when high repair costs, and high amounts of claims intersect. Some people may find the lower costs of SUV's surprising, but Insurance Information Institute spokeswoman Jeanne Salvatore pointed out that "Many of these vehicles have children in them a lot of the time, so their owners drive accordingly." She went on to add that vehicles built for families tend to also have extra safety features, lowering the risk of an expensive injury claim:

"Insurers look at how protective a car's safety equipment is to its occupants and how likely a model is to inflict damage on other cars or their passengers,"

Among the more expensive vehicles, most are imported luxury vehicles or sports vehicles that can have high repair costs, higher risk levels due to the way these cars are designed to be driven, or both. 

For information on your own vehicle, or to find out how much insurance rates are in our area, call Pethel Insurance Group today at 704-933-9488, or get a quote online.

Posted 9:55 AM  View Comments

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