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When It Comes to Auto Insurance, Know Which Cars Will Cost You (Spring 2009) << Back
If you have a need for speed and buy a small, sporty car that can burn up the road, you’ll likely face higher insurance premiums. Research shows that small cars are more accident-prone because owners of sporty models drive their cars in ways that make them more vulnerable to crashes.
Every year, the Insurance Institute for Highway Safety examines statistics concerning the insurance losses associated with the most popular vehicles. Since insurance companies use similar yardsticks to set premiums, knowing what a car will cost to insure prior to purchase may save you from making a costly mistake. This year, the Institute rated the Subaru Impreza WRX, the Hyundai Tiburon, the Mitsubishi Lancer, and the Scion tC among the top 5 most expensive cars to insure.
Surprisingly, the car that heads the Institute’s list, the Cadillac Escalade, is a luxury SUV usually driven by a more affluent and older driver. So what makes this vehicle so expensive to insure? Car thieves love it. The car has developed a cult status because of its association with pop culture icons, making it so desirable among thieves that comprehensive coverage of this vehicle costs six times the national average.
At the other end of the spectrum, if you’re looking to cut your insurance bill, look for the current version of what used to be known as “the family car.” Cars in that class are usually large sedans, mid-size SUVs, and minivans. Those who drive these “family cars” have a reputation for cherishing safety. These cars are also rarely found in the commute and, therefore, avoid the risks associated with rush hour.
Some of the cars considered the least expensive to insure include the Buick Rendezvous, the Subaru Outback, the Honda Pilot, and the Chrysler Town & Country. The Ford Taurus, a medium-sized sedan, tops this list. Insurers favor Taurus drivers because they prize safety above everything else. Cars like the Taurus are tucked away in garages when not in use, lessening their risk of being stolen. In addition, car thieves typically do not seek out these kinds of cars, increasing their desirability for insurers.
Before you buy your next car, consider the following tips:
- Ask your insurance professional at AHTKY if any of the models you are considering have premiums that are substantially different.
- Find out if any of the models have high repair costs or theft rates. 


Shop safety. Look at crash tests results, rollover ratings, recalls, service bulletins, and consumer complaints. This information is available by linking to the Highway Loss Data Institute from the AHTKY website at www.ahtky.com.
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AHTKY Insurance Agency, LLC
1451 W. Artesia Blvd, Suite A, Gardena, California 90248
CA License: 0C46036