Your car plays a big role in your auto insurance rates, but how much? Read on to find out this year’s most expensive and cheapest cars to insure.
The new vehicle market is currently insane. Due to last year's COVID-19-related factory shutdowns and this year's microprocessor shortage caused by production delays, dealer inventories are at an all-time low. Pent-up consumer demand following the pandemic is causing prices to rise, particularly on short-supply models.
But, shopping for a car that suits your budget is only the beginning – don't overlook other long-term costs of ownership. Insurance, in particular, can be expensive, and premiums range from one car model to another.
The website Insure.com shares a yearly list of the new cars that tend to be the costliest and cheapest to cover. According to the website, this year's least expensive vehicles to insure are all family-minded rides, with the 2006 Honda Odyssey LX topping the list at an average of $922 per year. We have featured both lists below:
Top 5 Cheapest Cars to Insure
2006 Honda Odyssey LX - $922
2006 Chrysler Town & Country - $923
2006 Dodge Caravan SE - $925
2007 Honda Odyssey LX - $936
2007 Dodge Caravan SE - $937