Insurance by vehicle type

Car insurance is a critical financial safeguard for drivers, providing protection against potential risks and liabilities that may happen while driving. The insurance coverage and premium rates can vary significantly depending on the type of vehicle being insured. Vehicles with greater value or higher repair costs, such as luxury cars and electric vehicles, tend to be more expensive to insure due to the increased financial risk for the insurance company. On the other hand, cars with lower repair and replacement costs, like minivans and sedans, are often less expensive to insure since the potential financial cost for the insurer is usually lower.

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|   New Cars  |  Used Cars  |   Hybrid Cars   |  Luxury Cars   |   EVs   |   SUVs   |   Motorcycles   |   Minivans   |   Sports Cars   |   FAQs 

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Based on your answers to our short quiz, we’ll estimate how much your car insurance will cost at each of the top providers near you, so you can find the coverage you need at a price you can afford.

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Personalized rate estimates calculated using the insurance company’s rating plan (plus any applicable discounts) 

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Why you can trust Rate Retriever

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Last updated: August 31, 2023

Reviewed by Rob Deming

Best car insurance for new cars

When you buy a new car, it’s essential to have the right insurance coverage to protect against potential risks and liabilities. It’s also important to review your coverage options carefully and select the appropriate level of protection that fits your needs and budget. Comparing quotes from different insurance providers can help you find the best coverage and rates for your new vehicle.

Best car insurance for new cars >

Best car insurance for used cars

Used carsFor car insurance, typically, insuring used vehicles is less costly than insuring new ones. The reason for this is that used cars have lower value, making them more affordable to replace or fix if a claim is necessary. Nonetheless, this isn’t always true. The expense of insuring a pre-owned car can differ significantly depending on the particular year, manufacturer, and model of the car. To illustrate, insuring a used high-performance sports car might be pricier than insuring a brand-new sedan or hatchback.

Best car insurance for used cars >

Best car insurance for leased cars

If the idea of leasing an automobile is on your mind, understanding the insurance requirements is important. Individuals who choose to lease a car often must have a comprehensive coverage car insurance plan. This comprehensive policy offers protection to the vehicle from physical harm, a situation that poses lesser risk to the lender should any accidents or theft happen.

Those who own their vehicles usually only need a basic coverage insurance plan. The specifics of this minimum coverage insurance differ by state, but in the majority of states, it involves liability coverage for both property damage and bodily injury.

Best car insurance for leased cars >

Best car insurance for SUVS

Auto insurance premiums for SUVs often come with a bigger price tag compared to insurance for smaller cars like sedans. The reasoning behind this is that SUVs typically carry a considerably greater value than sedans and could entail higher repair costs at times. Nevertheless, the expense of insuring trucks might be similar with the typical rates for SUVs.

Average annual cost of car insurance for full-size SUVs

Average annual cost of car insurance for midsize SUVs

Average annual cost of car insurance for compact SUVs

Best car insurance for trucks

Insurance expenses for trucks usually exceed those of car insurance for sedans. The reasoning behind this is that trucks generally possess a greater value and involve pricier repair costs. If you find yourself needing to file a claim, the insurance provider would need to use more funds to repair or replace a truck compared to an average sedan. However, it’s important to note that truck insurance isn’t consistently more costly. For example, the insurance premium for a 10-year-old used truck might be lower than that for a new sedan equipped with numerous advanced features.

Average annual cost of car insurance for pickup trucks

Best insurance for minivans

Minivans tend to carry similar insurance costs as cars. The presence of advanced safety features in minivans often leads to more affordable insurance rates in contrast to other vehicle types. Furthermore, the generally lower value of minivans compared to new trucks or SUVs can contribute to reduced insurance expenses. However, it’s crucial to recognize that insurance rates are unique to each individual. Depending on your specific circumstances, your minivan insurance expenses could potentially exceed what you’d pay for a sedan or compact SUV.

Average annual cost of car insurance for minivans

Best insurance for sports cars

In comparison to other vehicles, sports cars come with some of the pricier insurance premiums. Sports cars possess a greater value than sedans or SUVs, and their components are often challenging to find, leading to high repair and replacement costs. The inherent high-performance attributes of sports cars also elevate the potential for speeding and accidents, thereby driving up insurance expenses. Additionally, due to the appeal of sports cars, insurance rates might be higher as there is an increased likelihood of theft, a factor considered by insurance companies.

Average annual cost of car insurance for sports cars

Best car insurance for hybrids

 Hybrid cars generally come with pricier insurance. This is due to hybrid automobiles tend to carry greater average repair costs and have specialized parts compared to their gasoline-powered counterparts. Nevertheless, the exact expense of your policy depends on the brand, model, version, and production year of your particular hybrid vehicle.

Beyond the hybrid classification of your car, several other factors will influence your insurance premium. For instance, your location, credit rating, age, gender, driving history, and past claims will all play a role in determining the cost of your car insurance.

Average annual cost of car insurance for hybrids

Best car insurance for electric vehicles

Although the policy or coverage terms for insurance on electric cars versus gasoline-powered vehicles are generally similar, there’s a tendency for electric vehicles to carry higher insurance costs. This is primarily due to electric cars usually having a higher market value compared to their gasoline counterparts, and the potential for pricier repairs after a covered incident. If the prospect of purchasing an electric vehicle is on your mind, it’s essential to ensure that the insurance expense aligns with your budget.

Average annual cost of car insurance for popular electric vehicles

Best car insurance for luxury cars

If you’re considering the purchase of a luxury automobile, you might be questioning whether luxury cars come with hefty insurance costs. In short, yes, insuring a luxury vehicle generally entails higher expenses compared to a regular sedan or SUV. A primary factor influencing auto insurance costs is the brand and model of your vehicle. Cars with greater value typically result in pricier insurance premiums, as insurance companies would need to offer a larger payout to resolve claims following accidents. Furthermore, most luxury cars incur higher repair costs compared to their non-luxury counterparts. In the event of an accident, repairing a luxury car might involve more costly parts or parts that are not as readily accessible as those for less expensive vehicles.

Best insurance for motorcycles

In contrast to car insurance, motorcycle insurance generally comes with a lower price tag. One of the contributing factors is that motorcycles usually have lower replacement and repair costs compared to cars. Additionally, the value of many motorcycles is often lower than that of regular cars. Although motorcycles typically have more affordable insurance rates than cars, exceptions do exist. For instance, if you possess a unique or high-performance sport bike, your insurance premium might surpass that of your car insurance.

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FAQs:

What type of car insurance gives you the most coverage?

Full coverage auto insurance is a package policy that combines the three basic types of auto insurance coverage – liability, medical, and physical damage

What are the five types of vehicle insurance?

Liability Insurance.
Collision Coverage.
Comprehensive Coverage.
Personal Injury Protection.
Uninsured /Underinsured Motorist Protection.

Does the type of car matter for insurance?

The kind of car you drive could have an affect on the price you pay for your auto insurance as this is one of the factors most insurers consider when assigning rates. 

Methodology

Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive. 

For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.

These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.