20 most popular vehicles of 2015, ranked from
worst to best for insurance cost
NOV 24, 2015 | BY TRUDY KNOCKLESS, PROPERTYCASUALTY360.COM
An inexpensive vehicle doesn't necessarily mean cheaper insurance — and vice-versa. (Photo: Thinkstock)
A new study finds that some vehicles offer much better value than others when it comes to insurance.
The Quadrant Information Services study, commissioned by Denver-based comparison-shopping site insuranceQuotes.com, examined 20 of the most popular 2015 models, dividing the average annual cost to insure each vehicle by its manufacturer’s suggested retail price, to determine which vehicles are an insurance bargain and which ones carry a high insurance burden.
"There are so many factors that go into pricing an insurance policy for a vehicle, but the average driver rarely takes these into account," says Christopher Paradiso, owner of Stafford Springs, Conn.-based Paradiso Financial & Insurance Services. "A lot of drivers think that a cheaper car means cheaper insurance, but that's not necessarily the case."
Here are the 20 most popular 2015 vehicles, ranked from worst to best by insurance cost ratio:
20. Ford Focus - $1,391
19. Toyota Corolla - $1,400
18. Hyundai Elantra - $1,384
17. Honda Civic - $1,368
16. Chevrolet Cruze - $1,318
15. Hyundai Sonata - $1,367
14. Nissan Altima - $1,414
13. Ford Fusion - $1,359
12. Toyota Camry - $1,371
11. Toyota Prius - $1,409
10. Honda Accord - $1,289
9. Toyota RAV4 - $1,288
8. Ford Escape - $1,210
7. Ford F Series - $1,341
6. Honda CR-V - $1,183
5. Dodge Ram 1500 - $1,302
4. Chevrolet Equinox - $1,265
3. Chevrolet Silverado - $1,269
2. GMC Sierra - $1,272
1. Ford Explorer - $1,301
Posted Friday, December 04 2015 12:47 PM
Tags : auto insurance, expensive, vehicle, popular vehicles, huff insurance, vancouver, washington
|