3/23/2012 - Minivan model has lowest average auto insurance rate
While a variety of factors influence how much a policyholder pays for auto insurance
, a new study from Insure.com indicates that buying a particular type of make and model may lead to significant savings.
According to the source, which surveyed auto insurance rates for 900 vehicles with 2012 model years, the least expensive vehicle to insure is the Toyota Sienna LE minivan. With a four-cylinder engine, the family-oriented vehicle has a national average premium of $1,111 per year. Other inexpensive models to insure include the 2012 Jeep Patriot Sport, the Jeep Compass Sport, GMC Sierra K1500 and the Dodge Grand Caravan SXT.
On the other end of the spectrum were the most expensive vehicles to insure, and according to the source, the higher the sticker price, the more costly coverage was.
Insure.com reports that the 10-cylinder engine Audi R8 Spyder Quattro Convertible had the highest average auto insurance rate at $3,384 annually. The Mercedes CL600 Coupe, Mercedes S600, Audi R8 4.2 Quattro Coupe and Porsche Panamera Turbo rounded out the top five.