SAN FRANCISCO – The Ford Explorer SUV is the best deal in car insurance when compared to its purchase price, according to a new report by InsuranceQuotes.com. The report provides some critical information for car shoppers who may be researching insurance costs before buying a vehicle.
The annual insurance cost for the Explorer, priced near $34,000, is $1,301.
Other vehicles that made the “best car insurance deals” list include the GMC Sierra, Chevrolet Silverado, Chevrolet Equinox and Dodge Ram 1500.
“Sport utility vehicles and trucks account for eight of the top nine insurance values,” InsuranceQuotes.com said on Thursday. “These larger vehicles are less likely to be damaged in accidents, provide greater protection for occupants and tend to be driven by more responsible individuals (for example, middle-aged parents).”
The Ford Focus, with a low purchase price near just $18,000, costs almost $1,400 a year to insure, making it the worst deal in car insurance, the report said.
Other vehicles that made the “worst car insurance deals” list include the Chevrolet Cruze, Honda Civic, Hyundai Elantra and Toyota Corolla.
“The 11 worst deals are sedans,” the report said. “Higher theft rates increase the cost of insuring these vehicles. Also, their smaller stature can expose them to more damage and they are typically driven by riskier people, such as young, single men.”
Edmunds says: Insurance costs are a key part of the total cost of ownership. This new report helps consumers who are doing their homework before heading to the showroom.