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Insuring New Car Models: Everything You Need to Know


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Updated: Nov 1, 2023
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New cars cost more to insure because they have a higher market value than old cars. This higher value means that the actual cash value (ACV) is also higher. Insurers face more risk with new cars because they'll pay more to replace them than they would with an older car.

If you're buying a new car, consider getting collision and comprehensive insurance. These coverages, also known as full coverage insurance, help pay for repairs and can even replace your car, which can be beneficial as new cars are more expensive to fix. If you're financing the car, think about gap insurance. It can cover the difference between what you owe on your loan and what your insurance pays if you have an accident.

Table of Contents
Key Takeaways

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Car insurance for a new vehicle is typically more expensive due to the car’s high value. However, some new car models are more costly to insure than others.

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On average, the 2022 Subaru Forester is the cheapest new car model to insure at $1,291 per year. The 2022 Audi R8 is the most expensive to insure at an average cost of $3,741 per year.

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Getting full coverage — which includes comprehensive and collision insurance — may be best for new cars. If your vehicle is leased or financed, consider gap insurance.

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How to Get Insurance for Your New Car

To pick the right car insurance, start by gathering key details like your age, job and the type of car you have. Then, decide how much coverage you need and get several quotes, either online or through an insurance agent. Compare offers from different insurance companies to find the best deal.

1

Prepare the necessary information

The first thing you have to do is gather the information you need to get a realistic new car insurance quote. These include your personal information like your:

  • Age
  • Employment details
  • Address
  • Driving record
  • Credit score
  • Insurance history

It also includes information about your car, including its:

  • Make and model
  • Registration
  • Vehicle Identification Number (VIN)
2

Determine how much coverage you need

Considering your individual insurance needs is key to determining how much — and what type of — auto insurance to buy. Check your state minimum coverage requirements and assess if they’re high enough to pay for damages to your vehicle if you get into an accident. For broader coverage and protection — which is especially important for newer, high-value or leased cars — getting full coverage may be necessary.

3

Get a quote

Many insurers allow clients to get insurance quotes online on the same day, but you can also use MoneyGeek’s car insurance calculator for an anonymous car insurance quote. You may also opt to talk to a captive agent or insurance broker if you’re unsure about how much insurance you need and need personalized advice.

4

Shop around and compare insurers

Ask for new car insurance quotes from at least three insurance companies to estimate how much your premium will be. Compare policy offerings from these companies, including reward opportunities. It's also a good idea to check the companies' level and quality of customer service.

5

Ask if you’re eligible for discounts

Many new car models have safety features that could make you eligible for car insurance discounts. Major insurance providers like Allstate offer new car discounts, anti-lock brake discounts and anti-theft device discounts.

6

Buy a policy

After looking into your options, the next step is to decide which policy to buy. Discuss the payment terms with your insurance agent. Make sure you read and understand the policy before finalizing your purchase. Making your first payment — monthly or lump sum — typically activates your policy. Your insurance provider should send you your proof of insurance soon after.

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INSURING A BRAND NEW CAR IF YOU ALREADY HAVE A POLICY

If you already have an insurance policy, you'll be covered the moment you drive off the lot. Your new car will typically have the same level of coverage as your old one, but you'll need to make the right updates to your policy:

  • Add your brand new car to your insurance: This option lets you include your new car in your existing policy, keeping the protection you're used to.
  • Transfer your insurance to your new car: Or, you might choose to move your current coverage to your new vehicle for a smooth transition.

Most drivers with an existing policy have a 30-day grace period to make these changes. During this time, your insurance will cover your new car just like your old one. But remember, if the grace period ends and you haven't added or transferred your car to the policy, you'll be driving uninsured, and that's not a road you want to travel.

So, reach out to your provider soon to make sure you're covered. It's a simple step that can save you from legal troubles or hefty fines down the line.

What Car Insurance Coverage You Need for a Brand New Car

Meeting your state's minimum car insurance requirements is a must when insuring your car, but it's often just the starting point. These mandated coverages, while essential, might not be enough to fully cover repairs or replace a brand new car if an accident occurs.

You'll need liability insurance in most state — except New Hampshire and Virginia — which covers bodily injury and property damage if you're at fault in an accident. Some states also require you to carry additional protections like personal injury protection and uninsured/underinsured motorist coverage.

In many states, you won't be able to register your car without the right insurance, and your dealership might ask for proof of coverage before handing over the keys.

Types of Coverage Available
Coverage Type
What it Covers

Comprehensive

Comprehensive coverage pays for the damages your car incurs after a non-collision incident like fire, vandalism or weather-related events.

Collision

Collision insurance covers damages to your car caused by a collision with another vehicle or object.

Gap Insurance

Gap insurance covers the difference between a car’s value and the remaining balance on the car loan if the vehicle is totaled. This coverage is typically required when taking out a loan to finance a car.

Personal Injury Protection (PIP)

Some states require PIP coverage. This insurance covers expenses you incur because of injuries from an accident, regardless of who is at fault.

Uninsured and Underinsured Motorist Insurance

Some states require uninsured and underinsured motorist coverage. With this, you get coverage for medical bills and car repairs if an uninsured or underinsured driver hits you.

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MONEYGEEK DICTIONARY

Gap insurance protects against possible losses after your car is totaled and you still have a car loan. For example, say your new car is worth $25,000, and you still have a $20,000 loan balance. In the event your car it totaled, your car insurance will only pay for the ACV of your vehicle. If that’s $18,000, you’ll still be $2,000 short of paying off your loan. That’s where gap insurance comes in and pays that $2,000.

Mistakes to Avoid When Insuring a New Car

Overpaying for coverages you don’t need, signing up for the first quote you get or choosing the wrong deductible can lead to higher rates. And by not comparing enough quotes or asking questions, you may miss out on the best car insurance for you.

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    Purchasing too little coverage

    Not many people end up not getting the right coverage when they focus on affordability alone. Some people might let go of comprehensive and collision coverage even though they are driving a new or high-value car, meaning they would have to pay out of pocket if their vehicle is totaled. When choosing an auto insurance policy, it’s important to find the right balance between affordability and coverage.

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    Buying unnecessary add-ons

    Buying more coverage than you need is also possible, leading to higher than necessary premiums. Make sure you assess your insurance needs before choosing what add-ons to buy.

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    Lapsing in coverage

    Insurance policies expire. Be sure not to let your insurance expire before you renew it and add your new car to your policy before the grace period ends to prevent an insurance lapse. Otherwise, you risk being fined or penalized for driving uninsured.

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    Failing to compare quotes

    When looking for the best car insurance, MoneyGeek recommends comparing insurance companies and policy offerings from at least three different companies. Some companies offer lower rates than others. Get personalized quotes from at least three insurance providers to ensure you’re purchasing coverage from the company with the lowest rate.

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    Not asking clarifying questions

    Make sure you understand all details, terms and conditions before buying a policy. Ask questions and clarify anything you’re unsure of. Doing this can help ensure you’re getting the right policy and rate.

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    Choosing the wrong deductible

    Your deductible is the amount you have to pay out-of-pocket after filing a claim. Generally, having a higher deductible means a lower insurance premium. However, if you want to avoid a sizable bill after filing a claim, a plan with a lower deductible and higher monthly premium might be a better fit for your needs.

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    Sharing inaccurate information

    Providing incorrect information can give the insurance company a reason to reject your claim or cancel your policy.

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HOW LONG DO YOU HAVE TO INSURE A BRAND NEW CAR?

If you have an existing policy, you have until your grace period ends to add your new car to your policy or transfer your insurance to your new car. The grace period typically lasts for 30 days, depending on your insurance provider. If you’re buying a new car insurance policy, you need to purchase it before you pick up your car at the dealership.

What It Costs to Insure Your New Car

New car insurance can be expensive because of the high value of new vehicles. However, insurance costs can vary widely between car models. For example, the average cost of new car insurance for 2022 models is $1,739. Meanwhile, insurance for the cheapest 2022 car model to insure, a Subaru Forester, costs $1,291 per year, and insurance for the most expensive 2022 car model to insure, an Audi R8, is $3,741 annually. Luxury cars or sports cars are often more expensive to insure due to higher repair costs and increased risk factors.

Metric
Make/Model
Annual Premium

Overall Average

All Models

$1,739

Cheapest

Subaru Forester

$1,291

Most Expensive

Audi R8

$3,741

Cars with higher safety ratings may be less expensive to insure, as they are considered less risky. New models with top safety features and ratings might even offset some of the costs associated with insuring a new car.

However, actual rates may vary depending on individualized factors, including your age, car make and model, location and driving history.

Factors That Affect Car Insurance Costs
Factor
Description

Location

Location-specific factors can affect the cost of your insurance. Insurance companies may consider the number of accidents, vehicle theft statistics and dangerous intersections in your ZIP code when calculating premiums. Each state has different car insurance coverage requirements, which can affect the cost of insurance. Maine has the lowest average auto insurance cost of $607 per year for a minimum coverage requirement, while Michigan has the highest average cost at $5,471 per year.

Car Make and Model

Car insurance premiums are different depending on the type of vehicle you own. For instance, sports cars are more expensive to insure than sedans.

Driving Record

Drivers with a clean driving record tend to have cheaper car insurance rates than those with speeding tickets, accidents or DUI charges.

Age

The cost of auto insurance also varies depending on your age. For example, the average insurance rate for a 16-year-old with their own policy is $5,318 per year. In comparison, similar insurance costs an average of $1,246 per year for a 40-year-old.

Credit Score

Depending on your state, insurance companies may also use your credit score to determine rates. In these cases, having a higher credit score can help you get better rates.

Provider

Price varies by insurer. Generally, GEICO is the cheapest widely available company with an average annual rate of $1,047. MetLife is the most expensive at $1,686 on average.

While new car insurance can be costly, there are ways to reduce the cost of car insurance. MoneyGeek recommends:

  • Shopping around. When looking for the best and cheapest car insurance policy, shopping around and comparing prices can help. Insurance companies have different quotes and offers. Consider getting personalized quotes from at least three insurers.
  • Looking for discounts. Insurance companies also offer significant discounts for various circumstances. Some insurers give discounts to cars with safety features. You may also get a discount if you complete a defensive driving course.
  • Choosing a higher deductible. If you want lower insurance premiums, you can opt for a higher deductible. However, keep in mind that raising your deductible means you'll have to pay more out of pocket if you file a claim.

While it's generally true that new cars are more expensive to insure than older ones, it's not solely about the car being new — the specific make and model, safety features, coverage options and other factors play a significant role in determining the insurance cost.

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DO YOU GET CAR INSURANCE BEFORE YOU BUY A CAR?

The best case scenario is that your insurance policy is set up before you leave for the dealership.

Most dealerships and states require proof of insurance before you can drive the car off the lot. Having insurance in place ensures that you're covered from the moment you take ownership, aligning with legal requirements and protecting your new purchase.

Old vs. New Car Model Comparison

While a new car can mean a newly purchased car, it can also be synonymous with a recent model year car. The more current your car’s year, the more expensive it is to insure because it has a higher ACV.

For instance, the average cost of auto insurance for a 2009 Ford F-150 is $1,140 per year. A similar policy for a 2022 Ford F-150 costs $1,409, which is about 23.60% higher.

Comparing the Cost of Insurance for the 2009 & 2020 Ford F-150

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2009

Ford F-150

$1,140
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2022

Ford F-150

$1,409
Newer cars can cost up to:$269 more

This is 24% more expensive.

New Car Model Cost
Make & Model
Annual Premium

Chevrolet Corvette

$481

MINI Cooper

$482

MINI Cooper

$498

MINI Cooper

$501

Chevrolet Corvette

$502

Chevrolet Corvette

$502

Chevrolet Corvette

$511

Chevrolet Corvette

$515

MINI Cooper

$516

MINI Cooper

$525

Subaru Forester

$526

Subaru Outback

$528

Mercedes C-Class

$533

Mercedes AMG C 63

$537

Subaru Forester

$539

Subaru Forester

$540

MINI Electric

$545

MINI Electric

$545

MINI Electric

$547

Subaru Outback

$548

Honda Odyssey

$549

Subaru Outback

$549

Honda Pilot

$549

Chevrolet Camaro SS

$551

BMW 4 Series

$551

BMW 1 Series

$553

Mercedes C-Class

$556

Mazda CX-5

$557

Nissan GT-R

$558

Mercedes C-Class

$559

Mercedes AMG C 63

$559

Subaru Outback

$560

Chevrolet Camaro ZL1

$560

BMW 1 Series

$561

Audi A4

$561

Audi Q5

$562

Subaru Impreza

$564

Mercedes C-Class

$564

Subaru Forester

$565

VW Golf

$566

Subaru Outback

$566

Honda Ridgeline

$566

Honda Pilot

$567

Honda CR-V

$567

Nissan 370Z

$567

Ford Mustang Ecoboost

$568

Honda Pilot

$568

Mercedes C-Class

$569

Subaru Legacy

$569

Chevrolet Camaro ZL1

$570

Toyota Sienna

$570

BMW 1 Series

$571

VW Tiguan

$571

Honda Odyssey

$571

Mercedes AMG C 63

$571

Honda Odyssey

$571

Audi Q5

$574

BMW 4 Series

$574

Audi Q7

$574

Chevrolet Camaro SS

$574

Chevrolet Camaro SS

$574

BMW 4 Series

$575

Ford Mustang

$577

Mercedes AMG C 63

$577

Audi A4

$577

Ford Mustang Mach E

$578

Subaru Impreza

$578

Honda Accord

$578

Toyota Prius

$578

Subaru Forester

$578

Honda Odyssey

$579

BMW X5

$579

Mazda CX-5

$579

Chevrolet Camaro ZL1

$579

Ford Escape

$580

Nissan GT-R

$580

Audi Q5

$580

Nissan 370Z

$580

VW Passat

$581

BMW I3

$581

Ford F-150

$582

Honda Odyssey

$583

Honda Ridgeline

$583

Audi A4

$583

BMW X3

$583

Subaru Impreza

$584

Chevrolet Camaro

$584

BMW 7 Series

$584

Nissan 370Z

$585

BMW 4 Series

$585

Honda CR-V

$585

Honda Pilot

$585

Toyota Sienna

$586

Honda Ridgeline

$586

VW Golf

$586

Subaru Legacy

$586

Chevy Equinox

$586

Chevrolet Camaro SS

$586

Toyota RAV4

$586

VW Tiguan

$587

BMW 5 Series

$587

Ford Expedition

$587

Subaru Legacy

$587

VW Golf

$587

Ford Explorer

$587

Mercedes CLA 250

$588

Toyota Highlander

$588

Subaru WRX

$588

Volvo XC40

$588

Mazda CX-5

$589

Nissan LEAF

$589

BMW 1 Series

$590

Ford Mustang Mach E

$591

Honda CR-V

$591

BMW 4 Series

$591

Ford Mustang Ecoboost

$591

Volvo XC40

$591

Volvo XC40

$591

Chevrolet Camaro SS

$592

Mercedes GLA 250

$592

Ford Mustang Ecoboost

$592

Nissan GT-R

$592

Audi Q7

$593

VW Tiguan

$593

BMW 1 Series

$594

Volvo XC40

$594

VW Beetle

$594

Nissan Rogue

$594

Audi Q7

$594

Toyota Sienna

$595

Honda Pilot

$595

Ford Escape

$595

Toyota Camry

$595

Hyundai Kona

$595

BMW X5

$596

Kia Soul

$596

Mazda CX-5

$596

Chevrolet Camaro ZL1

$597

Chevrolet Camaro

$597

Audi Q5

$597

Toyota Tacoma

$597

BMW 3 Series

$597

BMW I3

$597

Toyota Sienna

$598

Hyundai Kona

$598

VW Golf

$598

Chevy Tahoe

$598

Nissan GT-R

$598

VW Beetle

$598

Honda Ridgeline

$599

Tesla Model 3

$599

Acura MDX

$599

Mazda3

$599

Toyota Sienna

$600

Dodge Challenger SRT Hellcat

$600

Audi A4

$600

BMW I3

$600

Honda Insight

$600

VW ID.4

$601

Nissan Frontier

$601

Kia Niro

$601

Honda Accord

$602

Honda Passport

$602

Mazda CX-5

$602

Honda Passport

$602

VW Tiguan

$603

Ford Mustang

$603

Ford Mustang

$603

Audi A3

$603

Honda CR-V

$603

Toyota Prius

$603

Subaru Impreza

$604

BMW I3

$604

Ford Mustang Ecoboost

$604

Ford F-150

$604

Jeep Wrangler

$604

Subaru BRZ

$604

Tesla Model 3

$604

Chevrolet Camaro ZL1

$605

Toyota RAV4

$605

Audi Q5

$605

VW Golf

$605

Chevrolet Camaro

$605

Ford Expedition

$605

Toyota Prius

$605

Toyota Highlander

$606

Subaru BRZ

$606

Tesla Model 3

$606

Kia Niro

$606

Ford Explorer

$606

Honda Ridgeline

$606

Toyota RAV4

$607

Honda Accord

$607

Toyota Highlander

$608

VW Tiguan

$608

BMW X3

$608

BMW 5 Series

$608

Mercedes CLA 250

$608

VW Passat

$608

Subaru WRX

$608

Honda Insight

$609

Subaru BRZ

$609

Audi A3

$609

Audi Q7

$609

Honda Passport

$609

BMW X3

$609

Toyota Prius

$609

Nissan Maxima

$609

Subaru Legacy

$609

Mercedes CLA 250

$609

Ford Mustang

$609

Chevy Equinox

$610

Toyota Tundra

$610

VW Passat

$610

Acura MDX

$610

Honda Accord

$610

Ford Mustang Ecoboost

$610

BMW X5

$610

Honda Insight

$610

BMW 3 Series

$611

BMW 3 Series

$611

VW Passat

$611

Ford Expedition

$611

BMW 5 Series

$611

Nissan LEAF

$611

Ford Mustang

$612

Mercedes GLA 250

$612

Audi A4

$612

Toyota Prius

$612

Honda Fit

$612

Mercedes GLA 250

$612

Tesla Model 3

$613

VW Jetta

$613

Honda CR-V

$613

Nissan Rogue

$613

BMW X3

$613

Kia Niro

$613

Ford F-150

$614

Nissan LEAF

$614

Audi A3

$614

VW ID.4

$614

Honda Accord

$614

Ford Escape

$614

Honda Civic

$614

Tesla Model 3

$614

VW Passat

$614

VW Jetta

$615

Honda HR-V

$615

Honda Fit

$615

Kia Soul

$615

Chevy Equinox

$615

Chevy Tahoe

$615

Ford F-150

$615

Honda Fit

$615

Subaru WRX

$615

Subaru BRZ

$615

Chevy Tahoe

$615

BMW X3

$615

Ford Explorer

$616

Audi Q7

$616

Audi A3

$616

Chevrolet Camaro

$617

Chevy Silverado

$617

Honda Insight

$617

Toyota Camry

$617

Subaru Impreza

$617

Honda Passport

$617

Toyota Camry

$617

Honda HR-V

$618

Chevy Equinox

$618

Honda HR-V

$618

Kia Niro

$618

Audi E Tron

$619

Dodge Challenger R/T

$619

Honda HR-V

$619

Audi E Tron

$619

BMW X5

$620

Jeep Gladiator

$620

Tesla Model Y

$620

Jeep Wrangler

$621

Hyundai Ioniq

$621

Jeep Gladiator

$621

Ford F-150

$621

Subaru Legacy

$621

Subaru WRX

$621

Ford Escape

$622

Hyundai Kona

$622

Chevrolet Camaro

$622

Toyota Tacoma

$622

Mercedes CLA 250

$622

Acura MDX

$622

Toyota RAV4

$623

Nissan LEAF

$623

Chevy Equinox

$623

Nissan Frontier

$623

Tesla Model Y

$623

Honda HR-V

$623

Kia Soul

$623

Nissan Pathfinder

$623

BMW 5 Series

$623

Dodge Grand Caravan

$624

Toyota Highlander

$624

Mazda3

$624

Hyundai Kona

$624

Audi A3

$624

Nissan Altima

$624

Toyota Corolla

$625

Hyundai Kona

$625

Toyota Tundra

$625

Kia Stinger

$625

Toyota Tacoma

$625

Dodge Challenger SRT Hellcat

$626

Mazda3

$626

Subaru BRZ

$626

Tesla Model Y

$626

Chevy Bolt

$626

Jeep Wrangler

$626

Ford Expedition

$626

Ford Explorer

$626

Mercedes GLA 250

$626

Honda Insight

$627

Kia Soul EV

$627

Toyota Camry

$627

Kia Stinger

$627

Toyota Tacoma

$627

Dodge Grand Caravan

$628

Audi E Tron

$628

Subaru WRX

$628

Nissan LEAF

$628

BMW X7

$628

Mercedes CLA 250

$629

Jeep Gladiator

$629

Acura MDX

$629

Nissan Versa

$629

Ford Taurus

$629

Kia Soul EV

$630

Mazda3

$630

Dodge Grand Caravan

$630

BMW 5 Series

$630

Toyota Tacoma

$631

Toyota Tundra

$631

Nissan Rogue

$631

Chevy Bolt

$631

Chevy Bolt

$632

VW Jetta

$632

BMW X5

$632

Mazda3

$632

Nissan Rogue

$632

Toyota RAV4

$632

Nissan Frontier

$632

Honda Civic

$633

Kia Stinger

$633

Toyota Camry

$633

Mercedes GLA 250

$633

Kia Stinger

$634

Acura MDX

$634

Toyota Highlander

$634

Kia Soul

$634

Ford Escape

$635

BMW 7 Series

$636

Dodge Challenger SRT Hellcat

$636

Dodge Challenger SRT Hellcat

$636

Chevy Bolt

$636

Ram 2500

$636

Ram Rebel

$637

Ford Expedition

$637

Jeep Wrangler

$637

Nissan Frontier

$637

Kia Stinger

$637

Ford Explorer

$637

Chevy Silverado

$638

Jeep Grand Cherokee

$638

Chevy Malibu

$638

Nissan Maxima

$638

Honda Civic

$638

Chevy Tahoe

$639

Nissan Maxima

$639

Audi E Tron

$639

BMW 3 Series

$640

Nissan Maxima

$640

Dodge Challenger R/T

$640

Nissan Maxima

$640

Chevy Bolt

$640

Nissan Rogue

$641

Dodge Challenger SRT Hellcat

$641

Dodge Challenger R/T

$641

Chevy Silverado

$641

Ram Rebel

$642

Jeep Wrangler

$643

Toyota 86

$643

Toyota Tundra

$644

Kia Soul

$644

BMW X7

$645

Nissan Versa

$645

Toyota Corolla

$646

Nissan Versa

$646

Nissan Altima

$646

Ram Rebel

$646

Toyota Corolla

$647

Nissan Sentra

$648

Honda Civic

$648

Jeep Cherokee

$648

BMW X7

$649

Nissan Frontier

$649

Nissan Pathfinder

$650

Toyota Tundra

$650

Chevy Tahoe

$650

Chevy Silverado

$651

Dodge Journey

$653

Honda Civic

$653

Toyota 86

$653

Nissan Pathfinder

$654

VW Jetta

$654

Jeep Cherokee

$654

BMW 3 Series

$654

Toyota 86

$654

Hyundai Elantra

$655

Dodge Challenger R/T

$655

Nissan Pathfinder

$655

Hyundai Ioniq

$656

Dodge Journey

$657

Nissan Altima

$658

Ram Rebel

$658

Chevy Silverado

$658

Nissan Pathfinder

$659

Hyundai Ioniq

$660

Dodge Journey

$660

Ram 2500

$661

Dodge Challenger

$661

Toyota Corolla

$662

Ram 2500

$662

Jeep Grand Cherokee

$662

Nissan Altima

$662

Dodge Challenger R/T

$663

Jeep Grand Cherokee

$664

Hyundai Ioniq

$665

VW Jetta

$666

Chevy Malibu

$666

Hyundai Ioniq

$667

Chevy Malibu

$668

Chevy Malibu

$668

Chevy Malibu

$669

Ram 2500

$670

Toyota Corolla

$670

Ram Rebel

$670

Nissan Altima

$670

Nissan Versa

$671

Jeep Grand Cherokee

$672

Nissan Sentra

$672

Dodge Charger

$673

Nissan Sentra

$674

Ram 2500

$675

Jeep Cherokee

$677

Jeep Cherokee

$677

Jeep Grand Cherokee

$678

Hyundai Elantra

$678

Chevrolet Cruze

$679

Chevrolet Cruze

$679

Jeep Cherokee

$680

Nissan Sentra

$682

Nissan Versa

$683

Nissan Sentra

$686

Ford Focus

$687

Hyundai Elantra

$689

Dodge Challenger

$689

Dodge Challenger

$690

Hyundai Elantra

$692

Dodge Challenger

$695

Dodge Challenger

$697

Hyundai Elantra

$699

Dodge Charger

$703

Dodge Charger

$703

Dodge Charger

$704

Dodge Charger

$704

BMW i8

$713

Audi R8

$714

BMW i8

$728

Porsche Taycan

$730

Porsche Taycan

$733

BMW 7 Series

$734

Tesla Model X

$759

Tesla Model S

$765

Tesla Model S

$767

Tesla Model S

$769

Tesla Model S

$774

Audi R8

$776

Tesla Model S

$777

Tesla Model X

$801

BMW 7 Series

$803

Audi R8

$810

BMW X7

$822

Tesla Model X

$891

Audi R8

$898

Audi R8

$898

BMW i8

$910

BMW 7 Series

$931

Porsche Taycan

$947

Tesla Model X

$984

Tesla Model X

$989

Subaru Outback

$1,245

Subaru Outback

$1,247

Subaru Outback

$1,257

Honda CR-V

$1,263

Honda CR-V

$1,267

Subaru Forester

$1,268

Subaru Forester

$1,270

Honda Odyssey

$1,271

Honda CR-V

$1,277

MINI Cooper

$1,278

Jeep Wrangler

$1,282

MINI Cooper

$1,285

Subaru Outback

$1,286

Subaru Forester

$1,291

MINI Cooper

$1,292

Honda HR-V

$1,294

Honda Odyssey

$1,296

Honda Odyssey

$1,296

Ford F-150

$1,297

Jeep Wrangler

$1,297

Honda CR-V

$1,301

Jeep Wrangler

$1,302

Subaru Outback

$1,309

Honda Fit

$1,313

Mazda CX-5

$1,316

Subaru Forester

$1,316

Ford F-150

$1,317

Ford Escape

$1,319

Ford F-150

$1,319

MINI Cooper

$1,326

Ford Escape

$1,327

Honda HR-V

$1,328

VW Tiguan

$1,331

VW Tiguan

$1,331

Honda CR-V

$1,334

Ford Escape

$1,335

Mazda CX-5

$1,337

Honda Fit

$1,340

Hyundai Kona

$1,340

Toyota Tacoma

$1,340

Subaru Forester

$1,341

VW Tiguan

$1,343

Honda HR-V

$1,343

Dodge Grand Caravan

$1,345

Jeep Wrangler

$1,346

Chevy Equinox

$1,348

Honda Odyssey

$1,348

MINI Cooper

$1,350

Toyota Highlander

$1,350

Toyota RAV4

$1,351

Toyota RAV4

$1,353

MINI Electric

$1,356

Mazda CX-5

$1,357

Ford Escape

$1,357

Kia Soul

$1,357

Toyota Tacoma

$1,359

Honda HR-V

$1,359

Mazda CX-5

$1,361

Toyota Tacoma

$1,361

Honda Fit

$1,362

Mazda CX-5

$1,363

Honda Odyssey

$1,364

Jeep Wrangler

$1,364

Toyota RAV4

$1,364

Ford F-150

$1,367

Honda HR-V

$1,368

MINI Electric

$1,370

VW Tiguan

$1,371

Toyota Highlander

$1,371

Toyota Highlander

$1,373

Toyota Sienna

$1,378

Dodge Grand Caravan

$1,379

Chevy Equinox

$1,379

Nissan Rogue

$1,381

VW Tiguan

$1,383

Chevy Equinox

$1,384

Ford Explorer

$1,387

VW Beetle

$1,388

MINI Electric

$1,389

Kia Soul

$1,390

Subaru Legacy

$1,394

Dodge Grand Caravan

$1,394

Toyota RAV4

$1,394

Jeep Cherokee

$1,394

Honda Accord

$1,395

Subaru Impreza

$1,396

Chevy Silverado

$1,397

Honda Passport

$1,398

Kia Soul

$1,398

Ford Explorer

$1,399

Toyota Sienna

$1,402

Toyota Sienna

$1,402

Volvo XC40

$1,403

Ford Escape

$1,404

Mazda3

$1,405

Subaru Impreza

$1,405

Ford Explorer

$1,406

Toyota Tacoma

$1,408

Honda Passport

$1,408

Chevy Silverado

$1,408

Ford F-150

$1,409

Dodge Journey

$1,410

VW Passat

$1,410

Honda Pilot

$1,411

Subaru Impreza

$1,413

Nissan Rogue

$1,415

Chevy Silverado

$1,415

Toyota RAV4

$1,417

Honda Pilot

$1,418

Jeep Cherokee

$1,419

VW Beetle

$1,420

Honda Passport

$1,420

Jeep Cherokee

$1,420

Toyota Prius

$1,421

Subaru Legacy

$1,421

Subaru Legacy

$1,422

Honda Accord

$1,422

Toyota Highlander

$1,422

Subaru Legacy

$1,422

Volvo XC40

$1,423

Honda Accord

$1,424

Nissan Rogue

$1,424

Nissan Frontier

$1,426

Honda Insight

$1,427

Honda Pilot

$1,427

Dodge Journey

$1,435

Mazda3

$1,439

Toyota Tacoma

$1,441

Honda Passport

$1,443

Chevy Equinox

$1,444

Jeep Grand Cherokee

$1,444

Toyota Sienna

$1,447

Subaru Legacy

$1,447

Honda Pilot

$1,447

Mazda3

$1,447

Ford Explorer

$1,448

Subaru Impreza

$1,449

Ford Taurus

$1,450

Kia Soul

$1,450

Kia Niro

$1,451

Chevy Tahoe

$1,451

Jeep Grand Cherokee

$1,452

Hyundai Kona

$1,452

Toyota Sienna

$1,453

VW Passat

$1,453

Nissan Versa

$1,453

Toyota Highlander

$1,454

Chevy Silverado

$1,455

Hyundai Kona

$1,456

Nissan Frontier

$1,457

Acura MDX

$1,457

Toyota Prius

$1,457

Hyundai Kona

$1,458

Toyota Camry

$1,459

Kia Soul

$1,460

Dodge Journey

$1,461

Jeep Grand Cherokee

$1,461

Nissan Frontier

$1,464

Subaru Impreza

$1,464

Chevy Equinox

$1,468

Toyota Prius

$1,468

Kia Soul EV

$1,469

VW Passat

$1,470

Nissan Pathfinder

$1,470

Nissan Pathfinder

$1,471

Honda Ridgeline

$1,471

Nissan Versa

$1,475

Jeep Cherokee

$1,476

Chevy Silverado

$1,476

Chevy Tahoe

$1,477

Nissan Versa

$1,477

Honda Accord

$1,479

Toyota Corolla

$1,480

Chevy Tahoe

$1,481

Acura MDX

$1,481

VW Golf

$1,482

Honda Insight

$1,482

Toyota Camry

$1,482

Toyota Camry

$1,483

Jeep Gladiator

$1,483

Nissan Pathfinder

$1,483

Chevy Tahoe

$1,485

Nissan Rogue

$1,487

Ford Explorer

$1,489

Kia Niro

$1,492

Honda Pilot

$1,493

Honda Insight

$1,493

Jeep Gladiator

$1,493

Honda Ridgeline

$1,494

Jeep Cherokee

$1,494

Nissan LEAF

$1,494

Honda Ridgeline

$1,494

Toyota Corolla

$1,495

Nissan Sentra

$1,496

Ram 2500

$1,496

Hyundai Kona

$1,497

Nissan LEAF

$1,497

Chevrolet Cruze

$1,498

Kia Niro

$1,498

Jeep Grand Cherokee

$1,500

Kia Soul EV

$1,500

Ford Focus

$1,501

Toyota Corolla

$1,501

Honda Civic

$1,501

Kia Niro

$1,502

Acura MDX

$1,503

Chevy Tahoe

$1,503

Acura MDX

$1,505

Honda Insight

$1,505

VW Jetta

$1,505

Acura MDX

$1,506

Honda Accord

$1,507

Honda Civic

$1,507

VW Jetta

$1,508

Nissan LEAF

$1,510

Mazda3

$1,511

Ram 2500

$1,513

Nissan Pathfinder

$1,513

VW Golf

$1,513

Ram 2500

$1,517

Chevrolet Camaro

$1,517

Honda Civic

$1,517

Toyota Tundra

$1,519

VW Jetta

$1,519

VW Golf

$1,521

Nissan Frontier

$1,522

Nissan Rogue

$1,524

Jeep Gladiator

$1,525

Honda Insight

$1,526

Nissan Sentra

$1,527

Hyundai Elantra

$1,528

Nissan Versa

$1,529

Nissan Sentra

$1,530

Jeep Grand Cherokee

$1,532

Chevy Bolt

$1,532

Toyota Camry

$1,533

Toyota Prius

$1,534

Chevy Bolt

$1,535

Toyota Tundra

$1,536

Mazda3

$1,538

Chevy Malibu

$1,539

Nissan LEAF

$1,540

Toyota Tundra

$1,540

VW Passat

$1,541

Mercedes GLA 250

$1,541

Chevrolet Cruze

$1,543

Honda Ridgeline

$1,544

Toyota Corolla

$1,544

Nissan Frontier

$1,544

VW Jetta

$1,545

Nissan Versa

$1,546

Ford Expedition

$1,550

Hyundai Elantra

$1,550

Chevy Bolt

$1,551

Hyundai Elantra

$1,553

Honda Civic

$1,554

Nissan LEAF

$1,555

Ford Mustang Mach E

$1,557

Nissan Altima

$1,557

Toyota Prius

$1,560

Ram 2500

$1,564

Volvo XC40

$1,566

Ford Mustang Mach E

$1,568

Toyota Camry

$1,569

Chevy Bolt

$1,569

Mercedes GLA 250

$1,571

Chevy Bolt

$1,571

Chevrolet Camaro

$1,572

Honda Ridgeline

$1,574

Mercedes GLA 250

$1,574

Chevy Malibu

$1,574

Honda Civic

$1,574

Toyota Corolla

$1,575

Ram Rebel

$1,578

VW Golf

$1,579

Nissan Altima

$1,579

Chevy Malibu

$1,582

Nissan Altima

$1,582

VW Passat

$1,583

Toyota Tundra

$1,586

Ram Rebel

$1,588

Ram Rebel

$1,590

Ford Expedition

$1,590

Toyota Tundra

$1,592

Nissan Sentra

$1,593

Chevrolet Camaro

$1,597

BMW X3

$1,597

Ram Rebel

$1,600

Ford Expedition

$1,604

Hyundai Elantra

$1,605

Nissan Pathfinder

$1,606

VW Golf

$1,609

BMW X3

$1,611

Nissan Sentra

$1,611

Hyundai Ioniq

$1,613

VW Jetta

$1,616

Ram 2500

$1,616

BMW X3

$1,618

Ford Mustang Ecoboost

$1,621

VW ID.4

$1,626

Mercedes GLA 250

$1,631

VW ID.4

$1,631

Subaru WRX

$1,634

Nissan Altima

$1,635

Audi Q5

$1,636

Hyundai Elantra

$1,641

Ford Mustang Ecoboost

$1,645

Chevy Malibu

$1,647

Ford Mustang Ecoboost

$1,648

Audi A3

$1,650

Subaru BRZ

$1,656

BMW X3

$1,658

Mercedes GLA 250

$1,658

Subaru WRX

$1,659

Subaru WRX

$1,660

Ram Rebel

$1,660

Audi Q5

$1,665

Hyundai Ioniq

$1,665

Audi Q5

$1,667

Chevy Malibu

$1,668

Audi A3

$1,670

Ford Expedition

$1,673

Chevrolet Camaro SS

$1,677

Chevrolet Camaro SS

$1,678

Chevrolet Camaro

$1,680

Chevrolet Camaro

$1,681

Nissan Altima

$1,681

BMW I3

$1,689

BMW I3

$1,690

Audi A3

$1,691

Chevrolet Camaro SS

$1,692

Mercedes CLA 250

$1,693

Dodge Charger

$1,694

Audi Q7

$1,696

Hyundai Ioniq

$1,699

Hyundai Ioniq

$1,699

Ford Mustang Ecoboost

$1,701

BMW X3

$1,702

Nissan 370Z

$1,702

Ford Mustang Ecoboost

$1,704

Subaru WRX

$1,710

Chevrolet Camaro SS

$1,720

Ford Expedition

$1,722

Subaru WRX

$1,723

Audi Q5

$1,723

Chevrolet Corvette

$1,724

Nissan 370Z

$1,727

Subaru BRZ

$1,729

BMW I3

$1,730

Hyundai Ioniq

$1,734

Subaru BRZ

$1,734

Volvo XC40

$1,740

Dodge Charger

$1,742

Nissan Maxima

$1,742

Mercedes CLA 250

$1,743

Toyota 86

$1,745

Audi Q7

$1,748

BMW 3 Series

$1,753

Audi A3

$1,753

Chevrolet Camaro SS

$1,756

Dodge Charger

$1,759

Ford Mustang

$1,763

Mercedes CLA 250

$1,765

Kia Stinger

$1,773

Audi Q7

$1,774

Subaru BRZ

$1,776

Audi Q5

$1,776

Nissan Maxima

$1,779

Chevrolet Corvette

$1,780

Nissan Maxima

$1,788

Toyota 86

$1,791

Dodge Challenger

$1,792

Ford Mustang

$1,797

BMW 3 Series

$1,803

Ford Mustang

$1,803

Dodge Challenger R/T

$1,809

Audi A4

$1,811

Chevrolet Corvette

$1,812

BMW I3

$1,813

Audi A3

$1,817

Subaru BRZ

$1,818

Dodge Challenger R/T

$1,821

BMW 3 Series

$1,824

Audi A4

$1,825

Toyota 86

$1,827

Dodge Challenger R/T

$1,829

Audi A4

$1,831

Dodge Challenger

$1,835

Dodge Charger

$1,837

Mercedes C-Class

$1,842

Mercedes CLA 250

$1,842

Kia Stinger

$1,847

Dodge Challenger

$1,848

Audi Q7

$1,853

Nissan Maxima

$1,855

Nissan 370Z

$1,857

Audi E Tron

$1,862

Ford Mustang

$1,866

BMW 4 Series

$1,868

Dodge Challenger R/T

$1,870

Audi A4

$1,871

BMW 1 Series

$1,872

Dodge Charger

$1,873

Mercedes C-Class

$1,876

Mercedes CLA 250

$1,877

Mercedes C-Class

$1,883

Kia Stinger

$1,883

Nissan Maxima

$1,891

Chevrolet Corvette

$1,893

BMW 1 Series

$1,895

Audi E Tron

$1,899

BMW 3 Series

$1,901

BMW 1 Series

$1,901

BMW 1 Series

$1,904

Ford Mustang

$1,908

Audi Q7

$1,913

Dodge Challenger

$1,922

BMW 4 Series

$1,925

Dodge Challenger R/T

$1,926

Tesla Model 3

$1,928

Kia Stinger

$1,929

BMW 5 Series

$1,931

BMW 1 Series

$1,932

BMW X5

$1,935

Audi E Tron

$1,937

BMW 3 Series

$1,937

Mercedes C-Class

$1,944

Chevrolet Corvette

$1,946

BMW 4 Series

$1,954

Dodge Challenger

$1,959

Kia Stinger

$1,961

Audi A4

$1,971

BMW X5

$1,974

Mercedes C-Class

$1,977

Audi E Tron

$1,983

BMW X5

$1,985

BMW 5 Series

$1,986

Tesla Model 3

$2,003

BMW 5 Series

$2,012

Chevrolet Camaro ZL1

$2,031

BMW 4 Series

$2,038

BMW X5

$2,052

Chevrolet Camaro ZL1

$2,066

Tesla Model Y

$2,071

Chevrolet Camaro ZL1

$2,074

BMW 4 Series

$2,082

Tesla Model 3

$2,086

BMW 5 Series

$2,093

Tesla Model 3

$2,102

Tesla Model Y

$2,129

Chevrolet Camaro ZL1

$2,136

Tesla Model 3

$2,137

BMW 5 Series

$2,141

BMW X7

$2,167

Dodge Challenger SRT Hellcat

$2,169

Chevrolet Camaro ZL1

$2,169

Tesla Model Y

$2,189

BMW X5

$2,249

Dodge Challenger SRT Hellcat

$2,252

BMW X7

$2,272

Mercedes AMG C 63

$2,285

Dodge Challenger SRT Hellcat

$2,306

Mercedes AMG C 63

$2,322

Mercedes AMG C 63

$2,333

Dodge Challenger SRT Hellcat

$2,348

BMW X7

$2,382

Mercedes AMG C 63

$2,398

Dodge Challenger SRT Hellcat

$2,420

BMW 7 Series

$2,536

BMW X7

$2,555

BMW 7 Series

$2,580

Nissan GT-R

$2,777

Nissan GT-R

$2,874

BMW 7 Series

$2,901

Tesla Model X

$2,915

Tesla Model X

$2,932

Nissan GT-R

$2,943

Tesla Model X

$2,943

Tesla Model X

$2,980

Tesla Model S

$2,987

Tesla Model S

$3,011

Tesla Model X

$3,018

Tesla Model S

$3,032

Nissan GT-R

$3,067

Porsche Taycan

$3,093

Tesla Model S

$3,121

Porsche Taycan

$3,152

BMW 7 Series

$3,238

BMW i8

$3,267

BMW i8

$3,318

Porsche Taycan

$3,350

Tesla Model S

$3,365

BMW i8

$3,400

Audi R8

$3,401

Audi R8

$3,465

Audi R8

$3,504

Audi R8

$3,595

BMW 7 Series

$3,631

Audi R8

$3,741

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MONEYGEEK DICTIONARY

Actual cash value (ACV) refers to the amount that the insurance company will pay to repair or replace a vehicle. It is calculated by considering depreciation, which is subtracted from the pre-accident value of the car. For example, let's say a car costs $20,000 brand new and is totaled after you’ve owned it for five years. If the value has depreciated by $5,000 based on wear and tear, the ACV of the vehicle would be $15,000.

Cheapest and Most Expensive New Cars to Insure

The Subaru Forester stands out as a budget-conscious choice, averaging an annual insurance cost of $1,291. On the other hand, the Audi R8 is the priciest to insure, with an annual premium of $3,741. Be sure to familiarize yourself with these differences when planning your next vehicle purchase.

Cheapest New Car Models to Insure

Auto insurance for a new car may vary depending on the model. New car models that are worth less money also tend to be cheaper to insure.

Based on MoneyGeek’s analysis, the cheapest new car models to insure are:

  • Subaru Forester: $1,291 per year
  • Subaru Outback: $1,309 per year
Cheapest 2022 Car Models to Insure
Make & Model
Annual Premium

MINI Cooper

$501

Chevrolet Corvette

$502

Subaru Forester

$540

MINI Electric

$545

Subaru Outback

$549

Mazda CX-5

$557

Mercedes C-Class

$559

Honda Pilot

$568

Chevrolet Camaro ZL1

$570

Honda Odyssey

$571

Audi Q5

$574

Chevrolet Camaro SS

$574

BMW 4 Series

$575

Ford Mustang Mach E

$578

Honda Ridgeline

$583

Audi A4

$583

Subaru Impreza

$584

BMW 7 Series

$584

Toyota Sienna

$586

VW Tiguan

$587

Subaru Legacy

$587

VW Golf

$587

Honda CR-V

$591

Volvo XC40

$591

Ford Mustang Ecoboost

$592

Audi Q7

$593

BMW 1 Series

$594

Hyundai Kona

$598

Acura MDX

$599

VW ID.4

$601

Kia Niro

$601

Honda Passport

$602

Ford Mustang

$603

Subaru BRZ

$604

Tesla Model 3

$604

Toyota Prius

$605

Toyota RAV4

$607

Honda Accord

$607

Toyota Highlander

$608

Mercedes CLA 250

$608

BMW X3

$609

BMW X5

$610

Honda Insight

$610

BMW 3 Series

$611

Ford Expedition

$611

BMW 5 Series

$611

Mercedes GLA 250

$612

VW Jetta

$613

Ford F-150

$614

Nissan LEAF

$614

Ford Escape

$614

VW Passat

$614

Honda HR-V

$615

Chevy Equinox

$615

Chevy Tahoe

$615

Subaru WRX

$615

Ford Explorer

$616

Audi A3

$616

Chevrolet Camaro

$617

Toyota Camry

$617

Audi E Tron

$619

Jeep Wrangler

$621

Hyundai Ioniq

$621

Jeep Gladiator

$621

Tesla Model Y

$623

Kia Soul

$623

Mazda3

$624

Toyota Tundra

$625

Kia Stinger

$627

Toyota Tacoma

$631

Nissan Rogue

$632

Honda Civic

$633

Dodge Challenger SRT Hellcat

$636

Nissan Maxima

$640

Chevy Bolt

$640

Dodge Challenger R/T

$641

Chevy Silverado

$641

Ram Rebel

$642

Nissan Versa

$645

Toyota Corolla

$647

Nissan Frontier

$649

Nissan Pathfinder

$654

Jeep Cherokee

$654

Nissan Altima

$658

Ram 2500

$662

Jeep Grand Cherokee

$664

Chevy Malibu

$666

Nissan Sentra

$672

Hyundai Elantra

$689

Dodge Challenger

$690

Dodge Charger

$704

Porsche Taycan

$730

Tesla Model X

$759

Tesla Model S

$767

BMW X7

$822

Audi R8

$898

Subaru Forester

$1,291

Subaru Outback

$1,309

Honda CR-V

$1,334

MINI Cooper

$1,350

Mazda CX-5

$1,361

Honda Odyssey

$1,364

Jeep Wrangler

$1,364

Honda HR-V

$1,368

VW Tiguan

$1,383

MINI Electric

$1,389

Ford Escape

$1,404

Ford F-150

$1,409

Toyota RAV4

$1,417

Toyota Tacoma

$1,441

Honda Passport

$1,443

Toyota Sienna

$1,447

Subaru Legacy

$1,447

Kia Soul

$1,450

Toyota Highlander

$1,454

Hyundai Kona

$1,458

Subaru Impreza

$1,464

Chevy Equinox

$1,468

Chevy Silverado

$1,476

Ford Explorer

$1,489

Honda Pilot

$1,493

Jeep Cherokee

$1,494

Kia Niro

$1,498

Chevy Tahoe

$1,503

Acura MDX

$1,506

Honda Accord

$1,507

Nissan Rogue

$1,524

Jeep Gladiator

$1,525

Honda Insight

$1,526

Jeep Grand Cherokee

$1,532

Mazda3

$1,538

Nissan Frontier

$1,544

Nissan Versa

$1,546

Nissan LEAF

$1,555

Ford Mustang Mach E

$1,557

Toyota Prius

$1,560

Toyota Camry

$1,569

Chevy Bolt

$1,571

Honda Ridgeline

$1,574

Honda Civic

$1,574

Toyota Corolla

$1,575

VW Passat

$1,583

Toyota Tundra

$1,592

Nissan Pathfinder

$1,606

VW Golf

$1,609

Nissan Sentra

$1,611

VW Jetta

$1,616

Ram 2500

$1,616

VW ID.4

$1,631

Hyundai Elantra

$1,641

Mercedes GLA 250

$1,658

Ram Rebel

$1,660

Chevy Malibu

$1,668

Chevrolet Camaro

$1,681

Nissan Altima

$1,681

Hyundai Ioniq

$1,699

BMW X3

$1,702

Ford Mustang Ecoboost

$1,704

Ford Expedition

$1,722

Subaru WRX

$1,723

Volvo XC40

$1,740

Chevrolet Camaro SS

$1,756

Audi Q5

$1,776

Audi A3

$1,817

Subaru BRZ

$1,818

Dodge Charger

$1,873

Mercedes CLA 250

$1,877

Nissan Maxima

$1,891

Ford Mustang

$1,908

Audi Q7

$1,913

Dodge Challenger R/T

$1,926

BMW 1 Series

$1,932

BMW 3 Series

$1,937

Chevrolet Corvette

$1,946

Dodge Challenger

$1,959

Kia Stinger

$1,961

Audi A4

$1,971

Mercedes C-Class

$1,977

Audi E Tron

$1,983

BMW 4 Series

$2,082

Tesla Model 3

$2,086

BMW 5 Series

$2,141

Chevrolet Camaro ZL1

$2,169

Tesla Model Y

$2,189

BMW X5

$2,249

Dodge Challenger SRT Hellcat

$2,348

BMW X7

$2,555

BMW 7 Series

$2,580

Tesla Model X

$2,915

Porsche Taycan

$3,093

Tesla Model S

$3,365

Audi R8

$3,741

Most Expensive New Car Models to Insure

Driving a more expensive model can lead to higher insurance premiums. Not only are they more expensive to repair if anything happens, but new car models that tend to be faster than other cars are also more expensive to cover because they’re seen as riskier to insure.

MoneyGeek evaluated average insurance premiums for different new car models and found that the most expensive to insure are:

  • Audi R8: $3,741 per year
  • Tesla Model S: $3,365 per year
Most Expensive 2022 Car Models to Insure
Make & Model
Annual Premium

Audi R8

$3,741

Tesla Model S

$3,365

Porsche Taycan

$3,093

Tesla Model X

$2,915

BMW 7 Series

$2,580

BMW X7

$2,555

Dodge Challenger SRT Hellcat

$2,348

BMW X5

$2,249

Tesla Model Y

$2,189

Chevrolet Camaro ZL1

$2,169

BMW 5 Series

$2,141

Tesla Model 3

$2,086

BMW 4 Series

$2,082

Audi E Tron

$1,983

Mercedes C-Class

$1,977

Audi A4

$1,971

Kia Stinger

$1,961

Dodge Challenger

$1,959

Chevrolet Corvette

$1,946

BMW 3 Series

$1,937

BMW 1 Series

$1,932

Dodge Challenger R/T

$1,926

Audi Q7

$1,913

Ford Mustang

$1,908

Nissan Maxima

$1,891

Mercedes CLA 250

$1,877

Dodge Charger

$1,873

Subaru BRZ

$1,818

Audi A3

$1,817

Audi Q5

$1,776

Chevrolet Camaro SS

$1,756

Volvo XC40

$1,740

Subaru WRX

$1,723

Ford Expedition

$1,722

Ford Mustang Ecoboost

$1,704

BMW X3

$1,702

Hyundai Ioniq

$1,699

Nissan Altima

$1,681

Chevrolet Camaro

$1,681

Chevy Malibu

$1,668

Ram Rebel

$1,660

Mercedes GLA 250

$1,658

Hyundai Elantra

$1,641

VW ID.4

$1,631

Ram 2500

$1,616

VW Jetta

$1,616

Nissan Sentra

$1,611

VW Golf

$1,609

Nissan Pathfinder

$1,606

Toyota Tundra

$1,592

VW Passat

$1,583

Toyota Corolla

$1,575

Honda Civic

$1,574

Honda Ridgeline

$1,574

Chevy Bolt

$1,571

Toyota Camry

$1,569

Toyota Prius

$1,560

Ford Mustang Mach E

$1,557

Nissan LEAF

$1,555

Nissan Versa

$1,546

Nissan Frontier

$1,544

Mazda3

$1,538

Jeep Grand Cherokee

$1,532

Honda Insight

$1,526

Jeep Gladiator

$1,525

Nissan Rogue

$1,524

Honda Accord

$1,507

Acura MDX

$1,506

Chevy Tahoe

$1,503

Kia Niro

$1,498

Jeep Cherokee

$1,494

Honda Pilot

$1,493

Ford Explorer

$1,489

Chevy Silverado

$1,476

Chevy Equinox

$1,468

Subaru Impreza

$1,464

Hyundai Kona

$1,458

Toyota Highlander

$1,454

Kia Soul

$1,450

Subaru Legacy

$1,447

Toyota Sienna

$1,447

Honda Passport

$1,443

Toyota Tacoma

$1,441

Toyota RAV4

$1,417

Ford F-150

$1,409

Ford Escape

$1,404

MINI Electric

$1,389

VW Tiguan

$1,383

Honda HR-V

$1,368

Jeep Wrangler

$1,364

Honda Odyssey

$1,364

Mazda CX-5

$1,361

MINI Cooper

$1,350

Honda CR-V

$1,334

Subaru Outback

$1,309

Subaru Forester

$1,291

Audi R8

$898

BMW X7

$822

Tesla Model S

$767

Tesla Model X

$759

Porsche Taycan

$730

Dodge Charger

$704

Dodge Challenger

$690

Hyundai Elantra

$689

Nissan Sentra

$672

Chevy Malibu

$666

Jeep Grand Cherokee

$664

Ram 2500

$662

Nissan Altima

$658

Jeep Cherokee

$654

Nissan Pathfinder

$654

Nissan Frontier

$649

Toyota Corolla

$647

Nissan Versa

$645

Ram Rebel

$642

Chevy Silverado

$641

Dodge Challenger R/T

$641

Chevy Bolt

$640

Nissan Maxima

$640

Dodge Challenger SRT Hellcat

$636

Honda Civic

$633

Nissan Rogue

$632

Toyota Tacoma

$631

Kia Stinger

$627

Toyota Tundra

$625

Mazda3

$624

Kia Soul

$623

Tesla Model Y

$623

Jeep Gladiator

$621

Hyundai Ioniq

$621

Jeep Wrangler

$621

Audi E Tron

$619

Toyota Camry

$617

Chevrolet Camaro

$617

Audi A3

$616

Ford Explorer

$616

Subaru WRX

$615

Chevy Tahoe

$615

Chevy Equinox

$615

Honda HR-V

$615

VW Passat

$614

Ford Escape

$614

Nissan LEAF

$614

Ford F-150

$614

VW Jetta

$613

Mercedes GLA 250

$612

BMW 5 Series

$611

Ford Expedition

$611

BMW 3 Series

$611

Honda Insight

$610

BMW X5

$610

BMW X3

$609

Mercedes CLA 250

$608

Toyota Highlander

$608

Honda Accord

$607

Toyota RAV4

$607

Toyota Prius

$605

Tesla Model 3

$604

Subaru BRZ

$604

Ford Mustang

$603

Honda Passport

$602

Kia Niro

$601

VW ID.4

$601

Acura MDX

$599

Hyundai Kona

$598

BMW 1 Series

$594

Audi Q7

$593

Ford Mustang Ecoboost

$592

Volvo XC40

$591

Honda CR-V

$591

VW Golf

$587

Subaru Legacy

$587

VW Tiguan

$587

Toyota Sienna

$586

BMW 7 Series

$584

Subaru Impreza

$584

Audi A4

$583

Honda Ridgeline

$583

Ford Mustang Mach E

$578

BMW 4 Series

$575

Chevrolet Camaro SS

$574

Audi Q5

$574

Honda Odyssey

$571

Chevrolet Camaro ZL1

$570

Honda Pilot

$568

Mercedes C-Class

$559

Mazda CX-5

$557

Subaru Outback

$549

MINI Electric

$545

Subaru Forester

$540

Chevrolet Corvette

$502

MINI Cooper

$501

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HOW TO LOWER THE COST OF INSURING NEW CAR MODELS

If your new car has advanced safety features, you may be able to receive money off your premium. Insurance companies may offer discounts for collision warning features, anti-lock brakes, airbags, rearview cameras and anti-theft devices.

Insurance Payouts for New Car Models: What to Expect

Newer car models, especially the most recent ones, are worth much more than older cars. However, there is no guarantee of a high payout in the event of a claim. Various factors could impact the value of your vehicle, including depreciation.

Generally, a brand-new car’s value depreciates by 10% the moment you drive it off the lot. By the end of the first year, it can depreciate 20%.

Depreciation plays a key role in determining how much money you receive in an insurance payout. Given that insurance typically pays out ACV, which deducts depreciation from the pre-accident car value, you may not get a high payout after an accident.

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MONEYGEEK EXPERT TIP

Fast cars are usually more expensive than other car models. That’s why auto insurance costs for sports cars also tend to be high. However, similar to other models, their value also depreciates over time.

FAQ

MoneyGeek answered frequently asked questions about purchasing coverage for a new vehicle to help you find the best new car insurance.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


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