The hardest cars to insure are typically high-performance, exotic, or theft-prone luxury vehicles, with Range Rovers currently facing significant challenges. Other difficult-to-insure vehicles include supercars (Bugatti, Ferrari), modified/custom cars, grey-market imports, and vehicles with high theft rates like Dodge Chargers/Challengers.
Which Vehicles Are Difficult to Insure?
White cars statistically get pulled over the most because they are the most common vehicle color on the road, followed by red, gray, and silver, but red cars might be ticketed at a higher rate relative to their numbers. While white cars account for the highest total stops due to sheer volume, red cars, often associated with sports cars, are ticketed more often than their percentage of cars on the road would suggest, indicating a disproportionate stop rate.
Vehicles like the Subaru Outback, Honda CR-V and Toyota RAV4 all fit this model and have some of the lowest average premiums out of all the vehicles Bankrate reviewed. Typically, compact SUVs with high safety ratings and low MSRP have the lowest average insurance rates.
Why are some cars cheaper to insure? If you have comprehensive and collision coverage, certain cars are often cheaper to insure because they would cost less to repair or replace if they were damaged in an accident. They may also be cheaper to insure because they tend to cause less costly damage to other drivers.
Black Cars
At least one study found that you're 47 percent more likely to be in a crash if you drive a black vehicle. Other studies also find that black is the most dangerous color, but offer a more reserved projection.
What auto color is most associated with theft? According to the National Insurance Crime Bureau (NICB), black, silver, white, green and gold are the colors most associated with vehicle thefts. Colors that more easily blend in with a crowd–white, gray, silver and black–tend to be reported stolen the most.
Hyundai, Kia, Honda, and Chevrolet dominate the list of most-stolen vehicles, often because of their abundance and certain security vulnerabilities. Online trends have driven up theft rates in specific cars, particularly older ones without modern anti-theft tech.
However, more often than not, most older cars are cheaper to insure than newer cars, all else being equal, because cars lose value as they age, so an insurer won't have to pay out as much in the event of a total loss. Whether you have an older car or a brand new one, don't get too hung up on the age of your vehicle.
To lower car insurance, shop around and compare quotes, maintain a clean driving record, bundle policies (auto/home), ask for discounts (good student, safe driver, anti-theft), raise your deductible, take defensive driving courses, and consider usage-based programs or lower coverage on older cars.
Here are some brands known for making reliable used cars:
The best times to buy a car are the end of the year (especially December) for big discounts on outgoing models and hitting quotas, fall (Sept-Nov) to clear old inventory as new models arrive, end of the month/quarter for sales staff to meet goals, and specific holidays like Black Friday; Tuesdays and Wednesdays are often better days due to fewer crowds, while late January offers good deals with less holiday shopping competition.
The color of your car doesn't affect your insurance rate. Instead, your insurance company uses other information, like your car's age, location, usage, and your driving record, to help determine insurance rates. Learn more about the factors that impact auto insurance pricing.
In general, some companies may also refuse to sell a policy, or have restrictions on providing insurance, for vehicle types with the following general characteristics: vans carrying 12 or more passengers, camper vans, cargo vans, step vans, commercial use vehicles, customized / modified construction, those of ...
In general, auto insurance for older cars may be cheaper than insuring newer vehicles of the same make and model if the used car is cheaper to repair or replace. A car depreciates in value over time, which lowers the maximum amount an insurance company would have to pay in the event of an accident.