How does your car make and model impact your insurance rates?

Your cost of car insurance depends on more than a dozen individual rating factors, but the make and model of car you drive is a big one. From speed and engine size to trim level, tech features and overall safety, the car you drive has complex impacts on your auto insurance rates.

What is a car make?

A car’s make is the company or brand that manufactures the car, such as Ford, Nissan, Honda, GMC or Toyota. Some manufacturers own and produce multiple makes. For instance, the Honda Motor Company owns both Acura and Honda. Acura is the company’s luxury division while Honda is its mass market counterpart, but these are two separate makes.

What is a car model?

A car’s model is the specific product line that the manufacturer sells. In the case of a Honda Civic, the make is Honda, and the model is a Civic. With a Tesla Model S, Tesla is the make, and Model S is the model.

A vehicle model typically has several variations, known as trims, which may offer additional equipment and comfort perks. For instance, the Toyota RAV4 is available in six trim levels: LE, XLE, XLE Premium, Adventure, TRD Off-Road and Limited. The LE is the base trim, which is the most affordable version of this model and has the fewest upgrades; the TRD Off-Road and Limited are the most expensive and come with a suite of performance improvements and premium features.

How does a car’s make and model affect insurance rates?

The most obvious way that your vehicle’s make and model affect the cost of car insurance comes down to market value. If you have full coverage on your car, its market value — that is, the cost to repair or replace that make and model — will be a major factor in the cost to insure it. More valuable or expensive vehicles are typically more expensive to insure.

But the impact of make and model on insurance goes beyond value — and your vehicle type can affect your rates even if you’re not buying physical damage coverage. Ben Preston, auto writer for Consumer Reports, says that thinking about insurance during the car buying process can improve your odds of paying a reasonable rate: “Vehicle type is a factor in how much you’ll pay for car insurance, so you’ll want to choose wisely to avoid premium shock.” In order to do that, it’s important to understand what insurers look for in a car.

Age of vehicle

The newer the car, the more expensive the insurance — in most cases. This is based on the vehicle’s replacement cost. A newer vehicle would typically cost more for an insurance company to replace than an older vehicle. Additionally, newer vehicles are likely to have more complex features or electrical components, which may also drive up repair costs.

Some exceptions to that rule include classic or rare cars, which may cost more to insure than their newer counterparts and may even require a specialized insurance policy. You may also pay less to insure a new car if you work with a company that offers discounts for new vehicles. Typically, a car needs to be three years old or newer to qualify for these discounts.

Size of vehicle

The bigger and heavier the construction of a vehicle, the more it may cost to insure, because big cars, such as SUVs and large pickup trucks, can cause more damage. Additionally, small cars generally pose less of a risk to other vehicles on the road in accidents than standard vehicles might, often resulting in less expensive premiums.

Research by the Insurance Institute for Highway Safety (IIHS) found that insurance losses from third-party property damage claims were 8 percent lower for small SUVs like the Honda CR-V and Hyundai Santa Fe compared to the average for all private passenger vehicles. For large SUVs like the Ford Expedition, property damage claims were 2 percent above the industry average, and for large pickups, such as the Chevy Silverado and Ford F-150, property damage losses were 16 percent above the industry average.

Conversely, however, larger vehicles may also provide better crash protection during an accident compared to smaller, lighter cars. This can mean reduced medical costs associated with an accident claim.

Trim level

Sunroofs, leather interiors, sound systems, Bluetooth and internet connectivity can make driving more enjoyable and convenient, but they also might add to your insurance premium. Opting for the base trim of any model may net you the lowest insurance rates because your insurer doesn’t need to cover additional equipment that drives up your repair costs. Replacement costs are also generally lower for these simpler models.

However, some trims include practical upgrades, such as a higher level of collision mitigation technology, which could offset the insurance cost of those non-essential perks. Comparing rates for a few trim levels could help you estimate your potential insurance costs before buying a vehicle.

Theft rates

If you have comprehensive coverage on your vehicle, the likelihood of your vehicle being stolen may factor into the price you pay for coverage. According to the National Insurance Crime Bureau (NICB), Hyundai and Kia models made up 60 percent of the top 10 auto theft targets in 2023 — and as result, many insurers are charging higher rates or even denying coverage for Hyundai and Kia vehicles that are not equipped with engine immobilizers.

Engine size and performance capabilities

Insurance companies try to base rates in part on how you drive — and some vehicles are designed for more risky driving. A high-performance vehicle engineered for speed is more likely to be in accidents compared to a minivan designed to safely transport kids to soccer practice. Engine size is one indicator of vehicle performance that insurers may look at when estimating your premiums, with higher rates assigned to more powerful vehicles.

Vehicle performance may also be linked to anticipated driver behavior. “Insuring a high-powered sports car, for example, is typically going to cost more than insuring a Toyota Camry,” Preston says, “because owners of those cars often exhibit riskier behavior, and those cars are also more likely to be stolen.”

Safety features

Car insurance companies typically charge lower premiums for vehicles with certain safety features because they reduce the risk of accidents and may better protect occupants in the event of a collision. Additionally, some safety features may reduce the chance of theft or even deter vandalism. Insurance providers often look at safety features like electronic stability control, anti-lock brakes, anti-theft systems and curtain airbags.

Electric vehicles

Although advances in electric technology have started to close the gap, EVs still cost more to insure than standard gas-powered vehicles.

Preston explains: “They are still the relatively new kids on the block, so insurers don’t have as much longstanding risk assessment data for EVs as they do for other vehicles and have to price uncertainty into their premiums. EVs are also more likely to be totaled after an accident than other car types and are expensive to repair.” In 2023, electric vehicles made up just 1.5 percent of all private passenger vehicles, but were responsible for 2.3 percent of the total claims payment amount for all vehicles, according to the 2024 Auto Insurance Trends Report from LexisNexis Risk Solutions.

What makes and models cost the least to insure?

In general, small or midsize SUVs from mass-market manufacturers with strong safety ratings will be cheapest to insure based on make and model.

The Subaru Outback, for example, costs roughly 27 percent less to insure than the national average cost of car insurance, according to average premium data from Quadrant Information Services. The 2022 Subaru Outback — the exact model our data looks at — was an IIHS Top Safety Pick+, with top safety ratings in every category studied. It’s also one of the more affordable SUVs on the market, with a starting MSRP under $30,000 for 2022 models.

Honda, Toyota and Ford produce some of the other cheapest models to insure. The following 2022 models are among the cheapest to insure compared to the national average of $2,311 per year for full coverage insurance:

• Subaru Outback: $1,818 per year
• Honda CR-V: $2,116 per year
• Toyota RAV4: $2,138 per year
• Ford F-150: $2,163 per year
• Ford Escape: $2,204 per year
• Honda Civic: $2,277 per year

How to get quotes for your make and model

You can generally get quotes for your make and model over the phone, in person or online. If the carrier you’re interested in offers online rates, here are the steps you can take to get quotes online:

1. Visit the insurance company’s website.
2. Find the option to request a quote online.
3. Enter the requested personal information, such as your full name, date of birth and driver’s license number.
4. Enter the same information for any household drivers.
5. Enter your vehicle information, including year, make, model, VIN and mileage.
6. Select your coverage choices.
7. Receive quote.

Getting several quotes from different carriers may help you find the best rate for your make and model. Some carriers don’t offer online quoting. Working with a local agent or insurance broker may help you explore all your options for insurance pricing.

Frequently asked questions

• Does car insurance cost depend on the make and model?

  Yes, your car insurance costs depend in part on the make and model of your car, along with rating factors specific to you. Luxury vehicles, foreign models, less safe vehicles and any model associated with unsafe driving or high theft rates may come with higher insurance premiums.
  

• Why does my car cost so much to insure?

  Your car might be more expensive to insure if it’s a luxury model, frequently targeted by auto thieves, geared towards high speed or performance driving, or if it receives below-average safety ratings from experts like IIHS or the National Highway Traffic Safety Administration (NHTSA). Small and mid-size SUVs with low repair costs are typically the cheapest models to insure.
  

• Can I get car insurance quotes before I decide on a model?

  Your exact car insurance premiums are determined by the unique features of your driver profile and the specific vehicle you drive. However, you can get a general estimate of your potential insurance costs before you buy a car by using the vehicle identification numbers (VINs) listed on the dealer’s website to get insurance quotes for a number of different models.
  

• What is the best car insurance company?

  The best car insurance company depends on your individual policy needs and preferences. If you are looking for the lowest premium, you may want to start by getting car insurance quotes from the cheapest car insurance companies. You may also want to investigate each carrier’s customer service, claims handling, financial strength and digital experience. An independent insurance agent may be able to help you narrow down which companies offer the policy types you’re looking for at a price that’s right for you. You can also get quotes from exclusive local agents that only represent one carrier.
  

• What are ways to help lower car insurance premiums?

  To lower your car insurance premium, you may want to shop around and request quotes from multiple auto insurance providers. You may also want to see what car insurance discounts apply to you. If you’re a good student, a safe driver or a member of certain professional groups, you may be able to qualify for significant savings. Several companies offer big discounts for bundling your car insurance policy with a home or renters policy from the same company. Remember that other rating factors impact your insurance rates in addition to your vehicle type. Maintaining a clean driving record and improving your credit history (in states that allow credit as a rating factor) may also help you save.
  

• Does the cost of liability-only car insurance vary by make and model?

  Yes; even though liability-only car insurance does not provide physical damage coverage for your vehicle, car insurance companies still consider your car’s make and model when determining rates. Certain types of cars, like sports cars, are linked to riskier driving behavior, so you’ll likely pay more to insure one, even if you’re just carrying liability coverage.
  

Methodology

Bankrate utilizes Quadrant Information Services to analyze June 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: Ford Escape, Ford F-150, Honda Civic, Honda CR-V, Toyota RAV4, Subaru Outback and Toyota Camry (base).