Insurance Costs by Vehicle Type
Usually the second-biggest ownership cost after depreciation, and it varies widely by body type.
Average Annual Insurance by Vehicle Type
Full coverage, national averages
| Vehicle Type | Annual | Monthly |
|---|---|---|
| Compact Sedan | $1,684 | $140 |
| Midsize Sedan | $1,752 | $146 |
| Compact SUV | $1,812 | $151 |
| Midsize SUV | $1,924 | $160 |
| Pickup Truck | $1,988 | $166 |
| Minivan | $1,856 | $155 |
| EV | $2,120 | $177 |
| Luxury Car | $2,680 | $223 |
| Sports Car | $2,890 | $241 |
Estimate for a Specific Model
Select a model to see estimated insurance range
Select a model above to see an insurance estimate.
- High
Driving record
Tickets, accidents, and claims can raise rates 40–80%
- High
Age & gender
Drivers under 25 pay up to 2x more; rates drop at 25 and again at 35
- High
Location
Urban ZIP codes cost 30–50% more than rural; state laws vary widely
- Medium
Annual mileage
Under 7,500 mi/yr qualifies for low-mileage discounts
Ways to Lower Your Insurance
- ·Shop quotes every renewal, loyalty rarely pays in auto insurance
- ·Bundle home + auto for 10–25% discount
- ·Ask about usage-based (telematics) programs for safe drivers
- ·Increase deductible only if you have the savings to cover it
- ·Drop collision/comprehensive on cars worth under $4,000
- ·Maintain continuous coverage, gaps can raise rates 20%+
Insurance estimates are national averages for full coverage (liability + collision + comprehensive) based on 2024 data from Bankrate, ValuePenguin, and NerdWallet. Your actual rate depends on your age, driving record, location, credit score (in most states), coverage limits, and deductible. Always get personalized quotes from at least 3 insurers.