Certain factors will determine the costs of your auto insurance premium.The factors you can control include how much coverage you buy, the state you live in, and most importantly, the type of car you have.Keep in mind, if you have poor credit this can increase your insurance rates, regardless of where you live.

Before we get into the details on how the type of car you drive affects your auto insurance premium, let’s go through some of the least and most expensive cars to insure, along with their annual premiums.Least Expensive Vehicles to Insure Vehicle  Annual Premium   Honda CR-V LX          $1,574   Jeep Compass Latitude         $1,645 Subaru Crosstrek          $1,606   Jeep Wrangler JL Sport         $1,585 Ford Escape S         $1,663   Chevrolet Trax LS          $1,680   Most Expensive Vehicles to Insure Vehicle  Annual Premium   Lexus RX 350      $2,105   Lexus ES 300H      $2,485   Volvo XC90 T8 Inscription      $2,456 Tesla Model S Performance       $3,960 Nissan Altima 2.0 S        $2,130   Lexus NX 300h      $2,014   Factors That Make a Car Expensive to Insure Note that a majority of your auto insurance premium cost is based on the type of car you drive.Suppose you file an insurance claim for injuries and your insurer pays a high liability for the specific model you own.

In this case, the model will affect the insurance rate of your car.Moreover, hefty repair costs for your vehicle can make it even more expensive to insure.Plus, if your car has advanced and high-tech safety equipment, such as parking assist, or lane departure warning, it adds to repair costs as such equipment is expensive to replace or repair.

Note that past insurance claims for these models also affect your car’s maintenance bill, even if you have a collision and comprehensive policy.This may also include your vehicle’s value.If a tree falls on your car, you can claim a comprehensive claim to cover the damages.

The insurance company will pay according to the car’s current value, subtracting the deductibles.That makes insurance rates of expensive vehicles higher.Factors Affecting the Cost of Auto Insurance Premiums The type of car is just one component in the cost equation of your car insurance.

Other factors also affect the auto insurance rates, including credits and driving records.Some common factors that may increase insurance rates include; Driving record Location Vehicle use, such as business or personal Credit-based insurance score mileage Past claims Recent lapses in car insurance coverage Chosen auto insurance coverage Vehicle type Summing Up All in all, many factors play a crucial role when it comes to the cost of your auto insurance premium.While you can’t control factors like age, others, such as driving safely, paying bills on time, and policy type are controllable.

Thus, the article explains what type of car may have high insurance rates and why.      Links https://www.nerdwallet.com/article/insurance/what-affects-car-insurance-rates https://www.forbes.com/advisor/car-insurance/most-least-expensive-cars-to-insure/