The most popular and best-selling vehicles in the U.S. are relatively cheap to insure, as they are either family sedans or compact cars, which usually come with low insurance costs. However, there are a few sports cars that are constantly on the best-selling list in America, and they are very expensive to insure.
The Camry Is the Best for Insurance Value
Starting with the Toyota Camry – which has been one of the most popular cars in America for years now – it has relatively low insurance rates. One of the reasons why the Camry is cheap to insure is that it comes with many safety and security features as part of the standard equipment, including driver and front passenger advanced airbag system, front and rear side curtain airbags, as well as a smart key system.
According to Edmunds.com, the cost to insure a Toyota Camry over a 5 year period is $6,000, which does sound like a bargain compared to some other vehicles.
The Ford Fusion sedan is even cheaper to insure, with $1,073 in insurance rates during the first year, and a five-year total of around $5,700. The Fusion is equipped with front and rear head airbags, 4-wheel ABS, remote anti-theft alarm system, and post-collision safety system, among other features, which make it pretty safe and secure.
Insurance Costs for Hybrids Lower than Most People Think
Surprisingly, the Toyota Prius also has low insurance rates. Most consumers believe that hybrids are expensive to insure, mostly because they seem less safe due to the lightweight materials that they are built from, aimed at increasing fuel efficiency. However, Edmunds.com says that it costs $6,204 to insure a Prius over a 5-year period, which is similar to the insurance costs of comparable gasoline-powered cars.
Ford Mustang Among the Most Expensive
When it comes to the most expensive cars to insure, the Ford Mustang is definitely one of them. MotorTrend says that the average annual cost for insuring a Mustang is about $1,600, which is much more expensive than most of the best-selling cars in America. This is because it’s a sports car that is fast and powerful, which translates to higher risk of accidents. What’s more, it’s equipped with high-performance parts that are expensive to repair and replace, and it doesn’t have nearly as many safety and security features that most sedans or SUVs have. Also, sports cars have higher theft rates than other vehicles, which additionally increases their insurance premiums.
In summation, if you want to save on car insurance, then buying a sedan is the way to go, while those interested in buying a sports car should expect to face pretty high insurance costs.