Car insurance estimate by make and model

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When purchasing a new or used car, most shoppers determine their budget based on the monthly cost of the car payment. Not everyone considers the cost of the monthly or annual car insurance rates.

While your personal driving history and where you live are big factors in your insurance rates, so are the make and model of the car you drive. If you are thinking of buying a car, consider the cost of ownership before you sign the paperwork.

Why some makes and models cost more than others

The make of a car is the manufacturer who makes it, like Chevrolet or Ford. The model is the specific vehicle you choose from that manufacturer’s lineup. For example, if you are looking for a truck, Chevrolet offers the Colorado and Silverado while Ford offers the Ranger and F-series from F-150 to F-750.

When getting quotes for car insurance, it is not enough to just provide the make and model of the vehicle. Manufacturers offer different trim packages for each model with unique offerings for each package option. The features and equipment offered in the trim packages will affect the cost of car insurance, which is why it is important to provide the vehicle identification number (VIN) and as much information as you can provide about the vehicles, like safety features and options.

Insurance companies offer rates based on if a car is a standard, sport or luxury option. Body style is another detail used by car insurance companies to determine costs. Common body styles include:

  • Coupe
  • Crossover
  • Hatchback
  • Sedan
  • SUV
  • Truck

The more features included to drive up the cost of a vehicle, the more you may pay for car insurance. Rates are based on how much it costs to fix a vehicle. The more expensive it is to fix, the more you will pay for auto insurance.

Car insurance averages by make and model

In the table below, you can see several manufacturers and models they offer. The average rates are annual premiums for full coverage and state minimum insurance. Your rate may be higher or lower based on your driving history, where you live and the type of coverage you need.

Model Average annual full coverage premium Average annual minimum coverage
Audi Q5 $1,934 $480
BMW 330i $2,225 $517
Cadillac Escalade $2,188 $522
Chevrolet Cruze $1,642 $527
Chevrolet Equinox $1,467 $495
Chevrolet Malibu $1,749 $504
Chevrolet Silverado $1,682 $585
Chevrolet Traverse $1,444 $506
Chrysler Pacifica $1,463 $485
Dodge Challenger $2,074 $535
Dodge Charger $2,077 $537
Dodge Durango $1,623 $522
Dodge Grand Caravan $1,623 $503
Dodge Journey $1,708 $522
Dodge Ram 1500 $1,697 $527
Ford Escape $1,430 $495
Ford Explorer $1,536 $492
Ford F-150 $1,442 $499
Ford Focus $1,633 $535
Ford Fusion $1,674 $508
Ford Mustang $2,188 $494
GMC Sierra 1500 $1,555 $503
Honda Accord $1,733 $509
Honda Civic $1,733 $509
Honda CR-V $1,369 $487
Honda Odyssey $1,454 $471
Honda Pilot $1,469 $486
Honda Ridgeline $1,520 $493
Infiniti Q50 $2,286 $520
Jeep Grand Cherokee $1,531 $516
Jeep Wrangler $1,358 $517
KIA Forte LX $1,682 $544
Kia Sedona $1,534 $501
Lexus ES $2,009 $482
Maseratei Granturismo $4,800 $489
Mercedes C300 $2,187 $494
Nissan Altima $1,788 $526
Nissan Pathfinder $1,685 $525
Nissan Rogue $1,560 $507
Nissan Sentra $1,745 $541
Nissan Titan $1,867 $521
Nissan Versa $1,631 $538
Subaru Forester $1,419 $459
Toyota Corolla $1,695 $531
Toyota Highlander $1,511 $498
Toyota Prius $1,729 $496
Toyota RAV4 $1,510 $501
Toyota Sienna $1,687 $474
Toyota Tacoma $1,539 $486
Toyota Tundra $1,716 $508

How to get car insurance estimates

To get an accurate auto insurance estimate, follow these car shopping steps:

  1. Narrow down your vehicle choices: Before you start test driving cars, determine what your needs are. Can you get by with a coupe or do you need a sedan or something larger to accommodate your family? Do you need a truck to haul materials or for towing capacity? Once you determine your needs, the next step is narrowing down your car choices. If you are not brand loyal, consider all makes and models based on your needs and important features.
  2. Decide how much coverage you need: With a new car, you will most likely want comprehensive and collision coverage. If you are paying cash and will not have a loan, you may only need liability coverage, but you may want to protect the value of the car. Consider which types of coverage and levels of coverage that you will be comfortable with.
  3. Get quotes with the same coverage: Now that you have narrowed down your make and model and determined your coverage needs, it is time to get quotes. Getting multiple quotes from different car insurance companies with the same coverages can help you make a decision.

Other factors that influence your car insurance rate

The make and model of the car you buy are not the only criteria auto insurance companies use to determine your rate. Other factors include:

  • Coverage: The type of coverage you choose will also influence how much you pay for car insurance. The more coverage you have, the more you will pay for insurance.
  • Location: Where you live matters when it comes to car insurance costs. Crime rates, population density and crash statistics are used to create rates for each zip code.
  • Personal information: Your age, gender, marital status, credit score and driving history are used to determine your rate. If there are other drivers in the household, their information matters, too.
  • Your car insurance history: Maintaining continuous insurance can help keep your car insurance costs low. Lapsing insurance, filing claims and the length of time you have been insured with a carrier also make a difference.

How to save on car insurance

Employing money-saving strategies when purchasing a new car is a great way to stay on budget. One way to save is considering the make and model you choose. Here are a few more ways to save on car insurance:

  • Ask about discounts. Insurance companies offer discounts as a way to lower car insurance prices. Most can be stacked together to maximize savings, so make sure you ask about any you are eligible for to get the best car insurance estimate.
  • Be a safe driver. People with good driving habits tend to get into less accidents and avoid getting tickets, which can make you eligible for additional discounts and keep rates low.
  • Increase deductibles. Increasing deductibles can save on your premium and also prevent you from making small claims, which could affect your car insurance costs.
  • Pay in full. Some car insurance companies offer a discounted rate if you pay the premium in full rather than in monthly installments.
  • Shop around. Even if you get quotes for the same coverages, you will likely get a different price for car insurance from each company. The carriers have their own formulas to create rates, so one may be more expensive than the other for the same coverages.

FAQs

Which car model has the cheapest insurance?

If you are looking for the cheapest make and model for car insurance, compare rates with different companies for several models. You should be able to find the cheapest car insurance based on your personal factors and car model.

How can I find the cheapest car insurance for me?

Compare car insurance rates with several different auto insurance companies to find the cheapest provider. With so many factors used to determine the cost of car insurance, rates vary widely by company.

What is a fair price for car insurance?

The national average cost for car insurance with full coverage is $1,674 annually, or $139.50 monthly. Depending on your individual and household factors, you may pay more or less than the national average.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base). For new vs used vehicles, we also included the following years in our calculations: 2016, 2017, 2018, 2019 (base) and 2020.

These are sample rates and should only be used for comparative purposes.

Written by
Mandy Sleight
Insurance Contributor
Mandy Sleight has three years of experience writing for insurance websites such as Bankrate.com, MoneyGeek and The Simple Dollar, and has been a licensed insurance agent since 2005. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products.