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In 2024, the most expensive automobiles to insure include the Maserati Quattroporte Trofeo, Maserati Quattroporte, Maserati Ghibli Trofeo and Audi R8 Performance, according to Insure.com’s latest analysis.
The cheapest vehicles to insure in 2024 are the Honda HR-V, Mazda CX-30, Chevrolet TrailBlazer and Chevrolet Express 2500 Cargo Van.
Each year, Insure.com compares car insurance rates in every state to compile a comprehensive ranking of vehicle insurance based on make, model and type. We collected insurance quotes from several major insurance carriers and averaged the premiums to determine this year’s top most expensive and cheapest cars to insure.
Key Takeaways
- Based on Insure.com’s analysis, the Honda HR-V is the cheapest car to insure in 2024, at an average cost of $139 a month.
- The most expensive car to insure in 2024 is the Maserati Quattroporte, with an average insurance premium of $6,166 per year, according to Insure.com’s data study.
- The Maserati Quattroporte Trofeo is the most expensive car to insure for young drivers, whereas the Chevrolet TrailBlazer is the cheapest car to insure.
- Honda HR-V is the cheapest car in 2024 and the most affordable SUV to insure, with an annual cost of $1,673.
Our take
Determining what vehicle is best for you doesn’t just come down to cost — factors such as family size, transportation needs, commute and recreation are also consideration points.
One way to save money on car insurance premiums is to purchase a vehicle with high safety ratings and cost-effective parts. These aspects often lessen assessed risk car insurers may consider when setting premium rates.
Jim Brau, Joel C. Peterson, professor of finance at Brigham Young University’s Marriott School of Business, says that cheaper and older vehicles are cheaper to insure because the repairs are cheaper.
“Insurance firms will try to predict what hazards owners of a particular vehicle present and how expensive it will be to fix or total a specific vehicle,” Brau says.
Cheapest cars to insure
The Honda HR-V, Mazda CX-30, Chevrolet TrailBlazer and Chevrolet Express 2500 Cargo Van are the cheapest cars to insure in 2024. The cheapest is the Honda HR-V, starting at an annual premium of $1,673 or $139 monthly.
This vehicle has various safety features including sensing, automatic braking, pedestrian detection and rear, side and front airbags. It’s also the Insurance Institute for Highway Safety (IIHS) top 2023 safety pick. See the annual and monthly rates for the cheapest cars to insure in the table below.
Make and Model | Annual premium | Monthly premium |
---|---|---|
Honda HR-V | $1,673 | $139 |
Mazda CX-30 | $1,679 | $140 |
Chevrolet TrailBlazer | $1,683 | $140 |
Chevrolet Express 2500 Cargo Van | $1,685 | $140 |
Kia Seltos | $1,693 | $141 |
Ford Transit Connect Cargo Van | $1,695 | $141 |
Ford Transit Connect Passenger Wagon | $1,702 | $142 |
GMC Savana Cargo Van | $1,713 | $143 |
Hyundai Venue | $1,719 | $143 |
Honda CR-V | $1,722 | $144 |
Volkswagen Tiguan | $1,730 | $144 |
Chevrolet Express 2500 Passenger Van | $1,738 | $145 |
Toyota Corolla Cross | $1,743 | $145 |
Ford Maverick | $1,746 | $146 |
Volkswagen Taos | $1,751 | $146 |
Chevrolet Express 3500 Cargo Van | $1,755 | $146 |
Subaru Forester | $1,757 | $146 |
Chevrolet Express 3500 Passenger Van | $1,771 | $148 |
Mazda CX-5 | $1,773 | $148 |
GMC Savana Passenger Van | $1,781 | $148 |
Ford Transit Crew Van | $1,787 | $149 |
Subaru Crosstrek | $1,790 | $149 |
Buick Encore GX | $1,791 | $149 |
Hyundai Kona | $1,792 | $149 |
Subaru Outback | $1,797 | $150 |
Cheapest cars to insure, by insurance company
When it comes to finding the cheapest car insurance premiums, shopping around is your best bet. Car insurance companies price premiums based on proprietary calculations of your location, vehicle make/model, age, gender, driving history and credit history (in certain states).
The car insurance companies offering affordable premiums for the cheapest 2024 models include State Farm and Geico. The cheapest cars to insure vary a bit when you analyze the rates by company. By company, the cheapest vehicle is the Chevrolet TrailBlazer insured by State Farm, followed by the Volkswagen Taos. See more rates in the table below.
Make/Model | Company | Annual premium | Monthly premium |
---|---|---|---|
Chevrolet TrailBlazer | State Farm | $1,122 | $94 |
Volkswagen Taos | State Farm | $1,203 | $100 |
Mazda CX-30 | Geico | $1,211 | $101 |
Subaru Crosstrek | State Farm | $1,218 | $101 |
Mazda CX-5 | State Farm | $1,220 | $102 |
Chevrolet Express 2500 Cargo Van | State Farm | $1,229 | $102 |
Buick Encore GX | State Farm | $1,234 | $103 |
Volkswagen Tiguan | State Farm | $1,235 | $103 |
Hyundai Kona | State Farm | $1,237 | $103 |
Honda CR-V | State Farm | $1,253 | $104 |
Ford Maverick | State Farm | $1,266 | $105 |
Chevrolet Express 3500 Passenger Van | State Farm | $1,271 | $106 |
Toyota Corolla Cross | State Farm | $1,273 | $106 |
Hyundai Venue | State Farm | $1,277 | $106 |
Subaru Forester | State Farm | $1,280 | $107 |
Honda HR-V | State Farm | $1,284 | $107 |
Kia Seltos | Geico | $1,287 | $107 |
Chevrolet Express 3500 Cargo Van | State Farm | $1,287 | $107 |
Chevrolet Express 2500 Passenger Van | State Farm | $1,289 | $107 |
Subaru Outback | State Farm | $1,289 | $107 |
Ford Transit Connect Cargo Van | State Farm | $1,301 | $108 |
Ford Transit Connect Passenger Wagon | State Farm | $1,305 | $109 |
GMC Savana Cargo Van | State Farm | $1,321 | $110 |
GMC Savana Passenger Van | State Farm | $1,337 | $111 |
Ford Transit Crew Van | State Farm | $1,385 | $115 |
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The most expensive cars to insure
What cars are most expensive to insure? Supercars and luxury models are beautiful, speedy and the crème de la crème of the auto industry — that’s what also makes them pricey to insure. The most expensive cars to insure in 2024 include several Maserati models, the Audi R8 Performance and the BMW M8.
The premiums on these types of vehicles are generally higher than most because they have limited and expensive replacement parts and they can hit excessively high speeds, which makes them a high-risk vehicle for accidents, fatalities and theft.
The most expensive car to insure on our list is the Maserati Quattroporte with a monthly premium of $514, followed by the Maserati Quattroporte Trofeo at $511 per month and Maserati Ghibli Trofeo at $490 per month. See more rates in the table below for the highest insurance cars.
Make/Model | Annual premium | Monthly premium |
---|---|---|
Maserati Quattroporte | $6,166 | $514 |
Maserati Quattroporte Trofeo | $6,131 | $511 |
Maserati Ghibli Trofeo | $5,883 | $490 |
Audi R8 Performance | $5,716 | $476 |
BMW M8 | $5,201 | $433 |
Maserati Ghibli | $5,065 | $422 |
Porsche Taycan Turbo | $5,001 | $417 |
BMW I7 | $4,929 | $411 |
Porsche Panamera Turbo S E-Hybrid | $4,912 | $409 |
Audi R8 | $4,840 | $403 |
Porsche Taycan GTS | $4,826 | $402 |
BMW Alpina B8 | $4,800 | $400 |
Maserati Levante Trofeo | $4,796 | $400 |
Audi S8 | $4,792 | $399 |
Land Rover Range Rover P530 Autobiography | $4,789 | $399 |
Audi RS6 Avant | $4,763 | $397 |
Porsche 911 Carrera GT3 RS | $4,758 | $397 |
Porsche Panamera 4S E-Hybrid | $4,752 | $396 |
Audi RS E-tron GT | $4,735 | $395 |
Mercedes EQS | $4,710 | $393 |
Mercedes S Class | $4,703 | $392 |
BMW M5 | $4,624 | $385 |
Porsche 911 Turbo | $4,615 | $385 |
Dodge Charger SRT | $4,607 | $384 |
Most expensive cars to insure, by insurance company
Finding affordable car insurance for a luxury or supercar model is possible, and may come down to the safety features in the vehicle. The most expensive vehicle on our list is the Porsche Panamera Turbo S E-Hybrid insured by State Farm.
While State Farm’s premiums are some of the cheapest, they’re on our list of the most expensive premiums as well. Progressive offers reasonable rates for luxury vehicles, such as Progressive’s monthly rate of $151 for a BMW Alpina B8. See more rates in the table below.
Make/Model | Company | Annual premium | Monthly premium |
---|---|---|---|
Porsche Panamera Turbo S E-Hybrid | State Farm | $3,212 | $268 |
Porsche Taycan Turbo | State Farm | $3,049 | $254 |
Porsche 911 Carrera GT3 RS | State Farm | $3,021 | $252 |
Maserati Quattroporte Trofeo | Nationwide | $2,986 | $249 |
Land Rover Range Rover P530 Autobiography | State Farm | $2,977 | $248 |
Porsche Taycan GTS | State Farm | $2,946 | $245 |
Maserati Ghibli Trofeo | State Farm | $2,897 | $241 |
Maserati Levante Trofeo | State Farm | $2,838 | $236 |
Audi S8 | State Farm | $2,830 | $236 |
BMW M8 | State Farm | $2,821 | $235 |
BMW M5 | State Farm | $2,813 | $234 |
Maserati Quattroporte | State Farm | $2,799 | $233 |
Audi R8 Performance | Progressive | $2,790 | $233 |
Audi R8 | Progressive | $2,790 | $233 |
Audi RS E-tron GT | State Farm | $2,787 | $232 |
Dodge Charger SRT | State Farm | $2,731 | $228 |
BMW I7 | State Farm | $2,723 | $227 |
Porsche Panamera 4S E-Hybrid | State Farm | $2,572 | $214 |
Porsche 911 Turbo | Nationwide | $2,571 | $214 |
Mercedes EQS | State Farm | $2,565 | $214 |
Audi RS6 Avant | State Farm | $2,538 | $212 |
Maserati Ghibli | State Farm | $2,524 | $210 |
Mercedes S Class | State Farm | $2,523 | $210 |
BMW Alpina B8 | Progressive | $1,818 | $151 |
QuickTake
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Most expensive cars to insure, by driver
When it comes to premium hikes, the driver’s age is a huge consideration. Typically, the younger the driver, the riskier the driving behaviors. This is typically based on inexperience, speeding and distracted driving behaviors. Rates tend to drop as drivers age and if they have a clean driving record and limited claims.
The National Highway Traffic Safety Administration (NHTSA) data shows that 2,116 drivers aged 15 to 20 died in traffic crashes in 2021 — an increase of 11% from 2020. Young drivers made up 5% of all licensed drivers in 2021 but accounted for 8.5% of all drivers involved in fatal crashes.
Most expensive cars to insure for young drivers
Age is anything but a number when it comes to car insurance premiums. In general, the younger you are, the more likely you are to see a surge in average annual premiums. For an 18-year-old male to insure a Maserati Quattroporte Trofeo, he would be looking at $24,102 – more than $2,000 monthly.
Comparatively, if a 40-year-old male insured the same vehicle, he would pay 119% less at $6,166 annually or $514 a month.
Make/Model | Average annual premium |
---|---|
Maserati Quattroporte Trofeo | $24,102 |
Maserati Quattroporte | $23,598 |
Maserati Ghibli Trofeo | $22,585 |
Audi R8 Performance | $22,178 |
Maserati Ghibli | $20,052 |
BMW M8 | $19,694 |
Porsche Taycan Turbo | $19,012 |
Maserati Levante Trofeo | $18,798 |
Porsche 911 Carrera GT3 RS | $18,263 |
Porsche Panamera Turbo S E-Hybrid | $18,123 |
Cheapest cars to insure, by driver
Some of the cheapest cars to insure have high safety ratings and lower claims.
According to the bodily injury liability coverage comparison by the HDLI, station wagons, SUVs, vans and larger vehicles generally had lower bodily injury liability claim frequencies between 2018 and 2020 than smaller ones.
While these types of cars may bring in a lower premium quote, other factors, such as age, gender and driving history, can impact the total amount you pay for car insurance.
Cheapest cars to insure for young drivers
In 2024, an 18-year-old driver can anticipate paying at the minimum an estimated $437 monthly for their car insurance premium. This is based on Insure.com’s data analysis for the cheapest cars for the year.
A young driver’s average annual premium for a Chevrolet TrailBlazer is $6,216. This is more than $4,500 more annually than the average annual premium of $1,683 a 40-year-old driver could anticipate being quoted for car insurance of the same vehicle.
While the following rates are more affordable than those for the most expensive cars or cars with the highest insurance rates for 2024, they are still exceedingly high for car insurance. Young drivers can find cost savings by asking about discounts, such as those for good drivers or students or be added to a parent or guardian’s insurance plan.
Make/Model | Average annual premium |
---|---|
Chevrolet TrailBlazer | $6,216 |
Ford Transit Connect Cargo Van | $6,225 |
Ford Transit Connect Passenger Wagon | $6,227 |
Honda HR-V | $6,246 |
Chevrolet Express 2500 Cargo Van | $6,261 |
Mazda CX-30 | $6,266 |
Kia Seltos | $6,289 |
GMC Savana Cargo Van | $6,294 |
Subaru Forester | $6,322 |
Honda CR-V | $6,335 |
Most and least expensive cars to insure, by vehicle type
SUVs tend to be safer in collisions than smaller sedans and often are cheaper to insure. However, this depends on the type and size of the SUV. In some instances, SUV premiums may be most costly due to the risk of rollover accidents, theft rates, collision damages and repair costs. Learn more about how the most and least expensive cars of 2024 rate for insurance premiums.
Cheapest SUVs to insure
What car has the cheapest insurance? The Honda HR-V is the cheapest vehicle in 2024 and the most affordable SUV to insure, according to 2023 data. The average annual premium of $1,673 is $139 monthly for the HR-V; however, the Mazda CX-30 comes in at a close second. For an additional $5 annually, you can still insure the CX-30 affordably – an IIHS’s top safety pick for 2021.
See more rates for the cheapest SUVs to insure in the table below.
Make/Model | Average annual premium |
---|---|
Honda HR-V | $1,673 |
Mazda CX-30 | $1,679 |
Chevrolet TrailBlazer | $1,683 |
Honda CR-V | $1,689 |
Kia Seltos | $1,693 |
Hyundai Venue | $1,719 |
Volkswagen Tiguan | $1,730 |
Toyota Corolla Cross | $1,743 |
Volkswagen Taos | $1,751 |
Subaru Forester | $1,757 |
Cheapest sedans to insure
Sedans are often fuel-efficient and have better gas mileage than SUVs, trucks and vans. This is due to their lightweight materials and smaller vehicle designs. Their parts are often more affordable, as well. However, to insure a sedan, you can anticipate paying a little more than you would for an SUV – they’re more likely to be damaged in a collision with a large vehicle.
The cheapest sedan to insure in 2024 is the Subaru Legacy, with an average annual premium of $1,886 or $156 monthly. The Honda Accord comes in second, at $85 higher annually with an average annual premium of $1,971.
The Subaru Legacy is $213 more expensive annually than the cheapest SUV to insure: the Honda HR-V at an annual average premium of $1,673. See more rates for the cheapest sedans to insure in the table below.
Make/Model | Average annual premium |
---|---|
Subaru Legacy | $1,886 |
Honda Accord | $1,971 |
Honda Civic | $1,999 |
Nissan Versa | $2,005 |
Kia Rio | $2,007 |
Volkswagen Jetta | $2,037 |
Mazda Mazda3 | $2,046 |
Toyota Corolla | $2,061 |
Hyundai Elantra | $2,061 |
Toyota Camry | $2,080 |
Cheapest trucks to insure
The cheapest truck to insure in 2024 is the Ford Maverick with an average annual premium of $1,746. The Ford Ranger is the second most affordable truck to insure with an average annual premium of $1,864 — $118 more annually than the Maverick.
When comparing the Maverick to the cheapest sedan to insure — the Subaru Legacy, with an average annual premium of $1,886 — the Maverick is $140 cheaper annually than the Subaru. See more rates for the cheapest trucks to insure in the table below.
Make/Model | Average annual premium |
---|---|
Ford Maverick | $1,746 |
Ford Ranger | $1,864 |
Nissan Frontier | $1,885 |
Toyota Tacoma | $1,917 |
Hyundai Santa Cruz | $1,941 |
Honda Ridgeline | $1,956 |
Ford F-150 | $1,959 |
Toyota Tundra | $2,010 |
Jeep Gladiator | $2,045 |
GMC Sierra 1500 | $2,120 |
Frequently asked questions
How can I save on car insurance?
When trying to save on car insurance, ask about discounts, bundling and ways to improve your driving record. The following are some strategies that you can start with:
- Bundling auto and home insurance or two or more vehicles with the same company under one policy
- Signing up for telematics
- Increasing your deductible
- Setting up automatic electronic payments for your premium
- Maintaining a good credit rating
- Keeping a safe and clean driving record — taking safety and defensive driving programs can help
- Opting for factory-installed safety features like airbags, antilock brake systems, anti-theft systems, electronic stability control, forward-collision warnings and lane-departure warnings
What makes a car more expensive to insure?
The make and model of your vehicle is a significant factor in determining car insurance premiums. Often, the more pricey the car and its parts, the higher the premium will be as insurance companies assess risk when determining their rates. This includes the cost of repairs, safety features and personal factors of the driver.
Some additional factors that may hike premiums include:
- Your age: Young drivers tend to be assessed as riskier drivers based on their inexperience, higher incidents of accidents, distracted driving and tendencies to speed. This increases their car insurance rates initially. After age 25 and through mid-life, rates decrease as driver experience increases. After age 65, risk is assessed higher for seniors— as their age group tends to see higher accident and medical claims.
- Driving record: Your driving history impacts your car insurance costs. If you have recent accidents on your record, what you’re paying for insurance is likely to increase. These infractions have increased your risk as a driver and your premium will adjust based on your claim, driving history and perceived risk for filing another claim.
- Credit-based insurance score: Car insurance companies frequently assess your credit history while setting your premiums. A credit-based insurance score shows how a consumer manages their money. However, this practice isn’t allowed in California, Hawaii, Maryland, Massachusetts, Michigan, Oregon and Utah.
Are Volvos expensive to insure?
While Volvos didn’t make our 2024 cheap and expensive cars to insure list, you may be an owner of one and wondering how your vehicle stacks up. On average, annual car insurance for Volvo is $2,632, or $219 monthly, for a 40-year-old driver. This premium average will increase the younger the driver.
Compared to the most and least expensive cars in 2024, Volvos are more expensive to insure than an SUV, truck or sedan, but not as costly as a luxury vehicle like a Dodge Charger SRT at $4,607 annually. However, the cheapest Volvo model to insure is the XC40 at $2,077 per year for drivers aged 40. This is slightly less expensive than insuring a Toyota Camry sedan at $2,080 annually.
Volvos are more costly to insure because of their expensive auto parts and repair costs. Some parts have to be imported from other parts of the world. This can make an insurance claim much more expensive, which increases the premium.
What insurance factors should I consider when purchasing a new car in 2024?
Doing your research can help pay off in the long run. Understanding why certain makes and models have more expensive premiums can also help you factor in the total costs for your new or new-to-you vehicle. Knowing how your personal information, such as your gender, age and driving history will factor into your premium can help you determine your car shopping budget.
What our expert says
Q. What makes a vehicle less expensive for insurance?
Dr. James BrauJoel C. Peterson Professor of Finance Brigham Young University
Insurance firms will try to predict what hazards owners of a particular vehicle present and how expensive it will be to fix or total a specific vehicle. So if you’re like me and drive an old beater that is worth about $1,000, worst case scenario the insurance company has to pay a grand if it gets totaled. But if I were rich and had a $100,000 Tesla, the insurance company would have to pay a lot more if the car were damaged or totaled. So, how much the vehicle is worth is a big factor.The other factor: Do drivers of that specific vehicle tend to speed, drive dangerously or get in wrecks? So, if a vehicle is a super fast sports car, there is a higher chance the driver will speed and drive more dangerously than if the car is an older model that tops out at 55 mph!
Resources & Methodology
Sources:
Highway Loss Data Institute. “Bodily injury liability coverage.” Accessed January 2024.
Insurance Institute for Highway Safety (IIHS). “2023 Honda HR-V.” Accessed January 2024.
Insurance Institute for Highway Safety (IIHS). “2021 Mazda CX-30.” Accessed January 2024.
Insurance Institute for Highway Safety (IIHS). “Teenagers.” Accessed January 2024.
Insurance Institute for Highway Safety (IIHS). “Vehicle size and weight.” Accessed January 2024.
Insurance Information Institute. “How to save money on your car insurance.” Accessed January 2024.
National Highway Traffic Safety Administration (NHTSA). “Traffic safety facts – 2021 data.” Accessed January 2024.
Methodology
Insure editors in 2024 collected rates from Quadrant Information Services for 18- and 40-year-old males with a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductible. We analyzed 28,561,720 quotes, 510 ZIP codes and 58 insurance companies nationwide.
Katrina Raenell is a writer, editor and educator with 20 years of experience in content and communications for international organizations, nonprofits and start-ups. In her previous roles, she was a communications manager for study abroad, content project manager for higher education and finance websites, reported on arts and culture, and was a managing editor for an online health and wellness publication.
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On this page
- Our take
- Cheapest cars to insure
- The most expensive cars to insure
- Most expensive cars to insure, by driver
- Cheapest cars to insure, by driver
- Most and least expensive cars to insure, by vehicle type
- Frequently asked questions
- What our expert says
- Methodology
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