7. Nissan
Nissan is the seventh most expensive automotive brand to insure. With models like the speedy Nissan GT-R and the all-electric Nissan Leaf, the average cost of auto insurance for a 2022 Nissan is around $167 per month or $2,004 per year.
8. Hyundai
Hyundai is a well-known and popular South Korean automaker. Unfortunately, the Highway Loss Data Institute (HLDI) found vehicles built by Hyundai and Kia are often top targets of car thieves, with theft claims twice as common as with all other manufacturers combined. The average cost of auto insurance for a 2022 Hyundai is $164 per month or $1,973 per year.
9. Kia
Another leading car brand from South Korea, the HLDI found Kia models are top targets of auto theft as well. Many 2015 to 2019 Hyundai and Kia models lack electronic immobilizers, which prevent thieves from starting a car without the proper key. Average costs for auto insurance for 2022 Kia models amount to $164 per month or $1,968 per year.
10. Toyota
Toyota comes in as the 10th most expensive car make to insure, with an annual average cost of $164 per month or $1,964 per year for 2022 models. This is about 13% higher than the national average.
5 Cheapest Car Brands To Insure
While some car makes are typically more expensive to insure, others are generally cheaper than the national average.
1. Mazda
According to Quadrant Information Services, Mazda ranks as the least expensive car to insure. Mazda’s 2022 models have an average annual insurance rate of $138 per month or $1,658 per year for full-coverage policies, coming in at around 4% less than the national average.
2. Volkswagen
Volkswagen is the second cheapest car make to insure, with 2022 models seeing an average annual rate of $142 per month of $1,707 per year. While this is only about 1% less than the national average, top providers’ average rates for Volkswagen are significantly lower.
3. Subaru
On average, car insurance premium costs for 2022 Subaru models are around $146 per month or $1,752 each year. However, it’s relatively easy to compare quotes and get reduced rates on Subaru insurance coverage.
4. Jeep
While it’s the fourth cheapest car brand to insure, the average cost for Jeep insurance still sits at $153 per month or $1,833 per year. Drivers may find significantly different rates for models such as the Wrangler than for the Jeep Grand Cherokee or Compass.
5. Honda
On average, it costs $156 per month or $1,869 each year to insure a 2022 Honda model. While this is higher than the national average, there are many reputable insurance companies that offer cheaper prices for full-coverage auto insurance.
What Affects Car Insurance Rates?
A vehicle’s make and model aren’t the only factors that can change car insurance cost. Providers also consider the following factors when setting premiums:
- Location: Car insurance rates vary widely based on where drivers live. Population density, climate and even the number of claims processed nearby can influence insurance costs.
- Age: Younger and less experienced motorists are seen as riskier to insure, so they can expect to pay more for insurance than those with a long driving history.
- Credit history: A high credit score is seen as a mark of financial responsibility and reliability, which often equates to lower insurance rates. A poor credit score can result in much more costly insurance premiums.
- Driving record: If a driver has a speeding ticket, a recent at-fault accident or a driving under the influence (DUI) charge on their driving record, they'll get charged more for insurance than someone with a clean record.
- Marital status: Those who are married typically pay less for auto insurance than single drivers.
- Gender: Men, especially young men, usually pay more for car insurance than women.
- Chosen deductible: Drivers can expect to pay higher premiums if they choose a low or nonexistent deductible when filing claims.
Source: Guides Auto Team
Abby Andrews