What you drive and its production year can have a big influence on how much you pay for auto insurance, according to The Zebra, with a chasm of around $3,600 between the most and least expensive cars to insure.
On average, auto insurance rates have tumbled around 4% since 2020, The Zebra reported. The drop was due in part to fewer miles driven and reductions in claims filed. Rates are expected to go back up as the U.S. works back to pre-pandemic driving behaviors.
Based on vehicle type, vans are the cheapest to insure, with an average rate of $1,617. Following vans are trucks, SUVs, cars and green vehicles, respectively. The Zebra noted hybrid and electric vehicles are more expensive to insure because of higher repair bills.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
