Minivans Have Lowest Auto Insurance Rates
The New York Times just published an article listing the cheapest and most expensive cars to insure this year. In Ann Carrns’ article, “The most (and least) expensive cars to insure in 2012,” we learn that Insure.com made a list of the 20 most and least expensive cars to insure.
The least expensive car to insure is the Toyota Sienna LE minivan. Average auto insurance rates in the U.S. are $1,100. All of the other cars in the top 20 also had auto insurance rates under $1,200 and many others on the list were also minivans. Individual vehicle’s rates are determined by how often the vehicle is involved in crashes, how much it costs to fix, and how much insurers have to pay out in total losses.
On the flip side, the most expensive car to insure is the Audi R8 Spyder Quattro. This two-seater convertible costs $3,400 to insure this year. It’s joined on the list of most expensive cars to insure by Mercedes, BMWs, and Porsches. The list was determined by taking average rates for six different auto insurance companies, using ten zip codes per state, and the average coverage amounts for a 2012 vehicle.
