Each year, Insure.com ranks the most expensive and least expensive automobiles to insure.
Insure.com bases rates on insurance for a single, 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.
Following are top-three least expensive automobiles to insure for 2012, followed by the top three most expensive.
#1 Least Expensive to Insure
Toyota Sienna LE
Cost to insure: $1,111
The 2012 Toyota Sienna LE is the auto-insurance bargain of the year, according to Insure.com. The vehicle ranked second in 2011, behind the Chrysler Town & Country LX.
#2 Least Expensive to Insure
Toyota Sienna 4 Cyl.
Cost to insure: $1,114
“Minivans have always had a strong showing in our ‘least expensive’ rankings,” Amy Danise, editorial director of Insure.com says in a statement. “They regularly prove to be safe, economical vehicles.”
#3 Least Expensive to Insure
Jeep Patriot Sport
Cost to insure: $1,116
A variety of factors can push a vehicle’s car insurance quote higher or lower, including the frequency of crashes for that model, the cost of repairs, the cost to insurers when a vehicle is declared a total loss and the cost of bodily injury claims, Insure.com says.
#1 Most Expensive to Insure
Audi R8 Spyder Quattro Convertible
Cost to insure: $3,384
Audi makes a strong entrance onto the “most expensive to insure” list, which was primarily dominated last year by Mercedes and Porsche.
The 2012 Audi R8 Spyder Quattro, a two-seat V10 convertible, has jumped to the top of the rankings as the most expensive vehicle to insure. In 2011 the car topping the list was the Mercedes SL65 AMB, also a two-door convertible, Insure.com says.
#2 Most Expensive to Insure
Mercedes CL600 BI-T Coupe
Cost to insure: : $3,307
Insure.com commissioned Quadrant Information Services to provide the auto-insurance rates for more than 900 car models from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state.
#3 Most Expensive to Insure
Mercedes S600 BI-T
Cost to insure: $2,948
The rankings were based on average car insurance rates for a representative driver. For the sample driver used in the study, it would cost $2,273 more per year to insure the Audi sports car than it would to insure the Sienna minivan, Insure.com says.
A list of Insure.com's top-20 most and least expensive automobiles to insure follows.
- Toyota Sienna LE: $1,111
- Toyota Sienna 4 cyl: $1,114
- Jeep Patriot Sport: $1,116
- Jeep Compass Sport: $1,118
- GMC Sierra K1500 Regular Cab: $1,121
- Chevrolet Silverado 1500 Regular Cab: $1,125
- Dodge Grand Caravan SXT: $1,129
- Ford Escape XLS: $1,137
- Toyota Sienna 6 cyl: $1,139
- Chevrolet Silverado 1500 Extended Cab: $1,143
- Dodge Journey SXT: $1,143
- Honda Odyssey LX: $1,146
- Kia Sportage: $1,151
- Hyundai Santa Fe GLS: $1,152
- Jeep Wrangler Unlimited Sport: $1,154
- Nissan Frontier S King Cab: $1,162
- Nissan Frontier SV King Cab: $1,163
- Hyundai Tucson GL: $1,166
- Ford Escape XLT: $1,167
- GMC Canyon: $1,167
- Audi R8 Spyder Quattro Convertible: $3,384
- Mercedes CL600 BI-T Coupe: $3,307
- Mercedes S600 BI-T: $2,948
- Audi R8 4.2 Quattro Coupe: $2,903
- Porsche Panamera Turbo: $2,738
- BMW 750i Hybrid: $2,701
- Porsche 911 Turbo Convertible: $2,674
- Porsche 911 Turbo S Convertible: $2,674
- Mercedes CL65 AMG Coupe: $2,669
- BMW 750Li Hybrid: $2,641
- Mercedes SL63 AMG Convertible: $2,615
- Mercedes CL63 AMG Coupe: $2,613
- Jaguar XKR Supercharged Convertible: $2,585
- Mercedes S63 AMG: $2,542
- Mercedes C63 AMG Coupe: $2,532
- Audi A8 L Quattro: $2,513
- Mercedes SL550 Convertible: $2,458
- Nissan GT-R Coupe Turbo: $2,457
- BMW 750XI: $2,446
- BMW 750i: $2,430