You can find a few highlights from our 2014 Insurance Premiums by Car Type Report below.
- Insurance premiums for cars in the same price range can differ by as much as 26%, and the variation actually increases for more expensive vehicles.
- Only about 25% of the variation in insurance premiums across car types can be attributed to differences in car price.
- New sedans are almost $130 cheaper to insure than 3-years old sedans, on average.
- Sports cars are the most expensive to insure, followed by trucks.
- Key Takeaway: Consumers can avoid a post-purchase sticker shock by researching car insurance quotes before hitting the car lot.
For the full report, please visit: http://wallethub.com/edu/insurance-premiums-by-car-type/3969/
More from WalletHub & CardHub
- Best & Worst States for Military Retirees
- Car Insurance Landscape Report
- 2013 Auto Loan & Least Report
- Set Up Your Gift Card Wish List
- Best & Worst Entry-Level Jobs
- Best Cities to Start a Career
- Best Credit Cards for 2014 Grads
- 2014’s Best & Worst Cities for Summer Travel
- 2014 Currency Conversion Report
- Best Travel Credit Cards for Summer 2014
- Best & Worst Cities to Work for a Small Business
- 2014’s Best Business Credit Cards
- 2014’s Best Bank Accounts for Small Business Owners
- Best & Worst Cities to Start a Business
- 2014's Most & Least Small Business Friendly Credit Card Companies
- Most & Least Financially Literate States
- Best & Worst Cities for Wallet Wellness
- Best & Worst Cities to Find a Job