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The Most and Least Expensive 2021 Vehicles to Insure

Insurance Rates for Popular 2021 Models

Recently, Forbes magazine looked at 50+ of the top-selling vehicles across the country to determine which are the most and least expensive models to insure. Their findings are outlined below. 

The Five Least Expensive 2021 Model Vehicles to Insure

  • Honda CR-V
  • Jeep Wrangler Sport
  • Subaru Crosstrek
  • Subaru Forester 2.5I
  • Hyundai Tucson SE

The Five Average-Cost 2021 Model Vehicles to Insure

  • Jeep Cherokee Limited
  • Chevrolet Blazer 2LT
  • Chevrolet Silverado 1500 WT
  • Toyota Tundra SR
  • Volkswagen Jetta SE

The Five Most Expensive 2021 Vehicles to Insure

  • The Tesla Model S Performance
  • Lexus NX 300h
  • Dodge Ram 1500 Rebel
  • Lexus RX 350
  • Nissan Altima 2.0 S

What Factors Into the Cost of Auto Insurance?

The amount of your insurance premiums is largely based on the vehicle that you are insuring. Insurance companies evaluate claims they have paid for similar vehicle models to assess their risk of insuring your vehicle. 

If a vehicle model has high costs for repair, this will result in higher insurance premiums. High tech safety features such as lane department warning systems and other driver assistance programs can cause repair costs to run higher. Such advanced equipment is more expensive to replace and/or repair.

Purchasing collision and comprehensive coverage on your insurance policy will cause your premium to rise. This is especially true if you drive an expensive vehicle. If your pricey car is totaled, the insurance company will pay the value of the vehicle, minus any deductible. This is a fairly understandable reason for higher rates for expensive cars.

What Other Factors Affect the Cost of Auto Insurance?

The actual cost of the vehicle is only one factor considered by the auto insurance company when figuring out your premiums. There are other factors that are analyzed as well. Some companies may analyze your credit rating to partially determine your premium. Additionally, your driving record will factor into your rates.  Other common elements of the car insurance premium equation are:

  • The primary location at which the vehicle will be parked or stored
  • The percentage that the vehicle is used for business versus personal purposes
  • The driving records of all insured drivers in the household
  • The vehicle’s estimated yearly mileage
  • The policyholder’s prior insurance claims
  • Whether there has been a recent lapse in insurance coverage
  • The different types of coverage purchased

Adequately Insuring Your Vehicle

There are a lot of uninsured vehicles out on the roads in Northern California. If you happen to be involved in an accident caused by a negligent driver who is operating a vehicle without insurance, this can leave you in a financial pickle.  Even if the other driver has the minimum amount of liability insurance required by law ($15,000 per person, $30,000 per accident), if you are injured, this may not be enough to cover your expenses.  For this reason, we recommend buying as much liability and uninsured/underinsured motorist coverage as you can afford. If you are hit by an uninsured driver, you can make a claim against your own insurance for your damages. Under California law, if the accident was not your fault, this will not result in a premium increase.

Watch the YouTube video. The clip below, uploaded by Nerdwallet, explains the different types of auto insurance coverage.

Personal Injury Lawyer in Sacramento

Hello. Thanks for reading our legal blog. I’m Ed Smith, a Sacramento personal injury attorney. If you have been injured in a car crash caused by a negligent driver, our attorneys can help. Call us at (916) 921-6400 or (800) 404-5400 for free and friendly legal advice. If you prefer, you may send your inquiry via our online contact form.

More information about our services and our results can be found by visiting the sites linked below:

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