Cheapest Cars to Insure
2012 Toyota Sienna LE
The industry trade journal Insurance Financial Advisor reports this month that four-cylinder Toyota Sienna LE minivan is the least expensive 2012 car model to insure.
On the other hand, the 2012 Audi R8 Spyder Quattro, a two-seat V10 convertible, costs the most.
Insure.com’s annual study “found that high-priced cars with powerful engines and European pedigrees come with the highest car insurance quotes. The reasons: More crashes, higher repair bills and expensive injuries.”
For Audis, that means higher premiums than on last year’s most expensive models, mostly Mercedes and Porsches.
The rates of more than 900 vehicles in the 2012 model year were surveyed based on average car insurance rates for a sample driver. Methodology appears at the bottom of the page.
It cost $2,273 more a year to insure the sports car than the minivan.
The least expensive 2012 vehicles to insure per year, according to the survey:
1. Toyota Sienna LE: $1,111
2. Toyota Sienna 4 cyl: $1,114
3. Jeep Patriot Sport: $1,116
4. Jeep Compass Sport: $1,118
5. GMC Sierra K1500 Regular Cab: $1,121
6. Chevrolet Silverado 1500 Regular Cab: $1,125
7. Dodge Grand Caravan SXT: $1,129
8. Ford Escape XLS: $1,137
9. Toyota Sienna 6 cyl: $1,139
10. Chevrolet Silverado 1500 Extended Cab: $1,143
11. Dodge Journey SXT: $1,143
12. Honda Odyssey LX: $1,146
13. Kia Sportage: $1,151
14. Hyundai Santa Fe GLS: $1,152
15. Jeep Wrangler Unlimited Sport: $1,154
16. Nissan Frontier S King Cab: $1,162
17. Nissan Frontier SV King Cab: $1,163
18. Hyundai Tucson GL: $1,166
19. Ford Escape XLT: $1,167
20. GMC Canyon: $1,167
The most expensive 2012 vehicles to insure per year, according to Insure.com are:
1. Audi R8 Spyder Quattro Convertible: $3,384
2. Mercedes CL600 BI-T Coupe: $3,307
3. Mercedes S600 BI-T: $2,948
4. Audi R8 4.2 Quattro Coupe: $2,903
5. Porsche Panamera Turbo: $2,738
6. BMW 750i Hybrid: $2,701
7. Porsche 911 Turbo Convertible: $2,674
8. Porsche 911 Turbo S Convertible: $2,674
9. Mercedes CL65 AMG Coupe: $2,669
10. BMW 750Li Hybrid: $2,641
11. Mercedes SL63 AMG Convertible: $2,615
12. Mercedes CL63 AMG Coupe: $2,613
13. Jaguar XKR Supercharged Convertible: $2,585
14. Mercedes S63 AMG: $2,542
15. Mercedes C63 AMG Coupe: $2,532
16. Audi A8 L Quattro: $2,513
17. Mercedes SL550 Convertible: $2,458
18. Nissan GT-R Coupe Turbo: $2,457
19. BMW 750XI: $2,446
20. BMW 750i: $2,430
According to the report, Insure.com commissioned Quadrant Information Services to calculate the rates using data for six large insurance carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state. Not all models, especially exotic cars, were available.
The averages were based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of $100,000 for injury liability for one person, $300,000 for all injuries, $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.
