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Unsurprisingly, a sedan is much cheaper to unsure than ... Unsurprisingly, a sedan is much cheaper to unsure than a sports car (Shutterstock).
It has been well documented that your car insurance rates are determined by a number of factors. These include your age, driving history, marital status, geographic location and credit history, to name a few. Your premium is also determined by the type of car you drive, though not in the way you might think, according to a new study from WalletHub.

The study looked at how car insurance premiums vary based on the car you buy. Perhaps the most surprising find from the study was how much premiums can fluctuate for cars in the same price range. According to WalletHub, insurance rates for cars that are around the same price can differ by as much as 26 percent, and that variation increases for more expensive vehicles. For instance, the premium for a 2014 Hyundai Santa Fe (sticker price: $29,900) was $1,383 per year. Comparatively, the premium for a 2014 Nissan 370Z (sticker price: $29,990) was $2,090 per year. Although the cars are almost identical in price, the 370Z cost much, much more to insure.

The reason for this is that a car's sticker price is only part of what goes into determining insurance rates. A vehicle's age, type and manufacturer factors heavily into the price, as well. According to the study, new sedans are about $130 cheaper to insure than three-year-old sedans, for instance. Additionally, and unsurprisingly, sports cars and trucks tend to be much more expensive to insure than sedans, crossovers and SUVs. The average annual premium for a sports car was found to be $1,838. For crossovers/SUVs, it was $1,432.

In order to avoid sticker shock when it comes time to insure your vehicle, do your research beforehand. There are a number of handy calculators out there on the web, like this one on the right side of insuranceQuotes.com, that take all of these factors into account and spit out an estimate of what you can expect to pay.



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    • 1 Second Ago
  • 33 Comments
      dennismlns
      • 1 Year Ago
      I thought everyone knew that. There are insurance companies that wont even cover anyone under 21 for a sports car.
      cactusj8
      • 1 Year Ago
      So what is a cross over?
        tony
        • 1 Year Ago
        @cactusj8
        same as a cross dresser.
        livoak810
        • 1 Year Ago
        @cactusj8
        crossover.... a chevy S10 small truck made into a blazer... same platfourm with the frame.. silverado big truck into a Suburban or a caddy SUV.. hope this helped
          danwat1234
          • 1 Year Ago
          @livoak810
          No, a crossover doesn't have a frame. A crossover SUV is a car that looks like an SUV or in other words, unibody.
        larry
        • 1 Year Ago
        @cactusj8
        Google it-------------
      slop9124
      • 1 Year Ago
      One big thing to consider is where you live and how many ambulance chasing lawyers advertise on TV. New Orleans is a good example. People have taught drivers for generations how to drive and few even know the basic rules of the road much less obey the law. Accidents here are as common as burgers at Mc Donalds and people like to sue, especially those who set you up for an accident. I have two '96 vehicles and one '10. That's over $1,600 every six months. I'm retired, 67 years old with a good record as is my wife and I doubt the total mileage for all three cars is exceeds 350 miles a month. Stay away from Louisiana if you want cheap insurance because the state agency that oversees the insurance companies told me once that there are few laws or regulations to govern how these cutthroat companies can rate you. A law should be passed nation wide that no cell phone use of any kind can be done while in a vechile unless it is parked in a lot off the street.
      jfreezn
      • 24 Days Ago

      Insurance Co  definition of a 'sports' car can jack your rates unsuspectedly.   Honda Civic 4-door--not   Honda Civic 2-door hatchback--yup!

      Annika
      • 1 Year Ago
      What about minivans?
      • 1 Year Ago
      The car type doesn't really matter (to an extent)... the driver of the vehicle is the most important think. Do you have a lot of accidents? Did you get a lot of tickets? These are the most important things. I found $26/month insurance from Insurance Panda ... but again, it depends on where u live, what car u drive, etc.
        home
        • 1 Year Ago
        I find more then anything that raises insurance rates are age, and where you live. Being in the military I've transfered several times.Once I went from Pax River MD, to Jacksonville, FL, and my rate were doubled. Later on I got out, and moved to Orlando, FL (Before Micky) My rates went down almost 20%. I called my agent, and was told it was location, location, location! I now have an olderBuick, and a E-350 van. Both are fully covered, with additional insurance. I've also placed an umbrilla coverage, For up to1 million dollars. Now I know my car will be replaced with very little monies, but if I'm involved with a Lambo, or any other high priced price, I won't ber worring about it.
      Steve
      • 1 Year Ago
      Great comparison- a 290 horse power, 7 seat SUV at 3933 pounds vs. a 332 horse power, 2 seat sports car at 3459 pounds!!! That's the best they can come up with for a "comparison"????
      claired2482
      • 1 Year Ago
      such a dumb topic. you cant compare a suv vs a sports car ofcourse the z will be expensive on insurance is a two door sports car even a hillbilly knows that .
      mr41005
      • 1 Year Ago
      The only thinking going into car insurance is how much can they get out of you.
      • 1 Year Ago
      Insurance companies have been steadily benefiting from drivers who abuse their coverage - and charging all their customers the increased rates of allowing this. Insurance is supposed to be paid for to create a pool of money , to help those who actually need help recovering from problems , not as a tool to charge everyone more. Just like when you pay for your vehicle registration , does this mean that money is to allow people to abuse vehicle registrations to a point where the cost raises consistantly in line with the abuse? I know for a fact that some insurance companies have even stooped so low , that they simply refuse to communicate or cover you for anything (which is also being allowed by government agency employees) , when a problem occurs. It simply doesn't matter what your coverage is , they are being allowed to just back away from anything probono. By government agencies , I mean "insurance bureaus" and police. Police actually expect you to "BUY" a traffic accident report from them at any one of their many locations - if you have not actually received one (but had to fill one out yourself as a 2nd party). This speaks volumes of how police accident reporting centers are being used to create , yet more problems after an accident or major incident where your vehicle and your insurance is related. How does an accident occur , where only 1 party's damages are considered or covered? It doesn't happen , as all damages are part of the accident. Sure , there is alot more involved these days where insurance is concerned - but who is going to pay for insurance that can be used as a political or preferential tool to a point where 1 party has absolutely no coverage - and is - usually deemed the guilty party in an accident or incident? It is written into the law that this is an illegal practice. Posing a threat is the new world order position , where you are just a paying customer (client). You have to be very careful when choosing your insurance company , as like with other things , you have to do some research on the internet to investigate their reputation. For example , search : Old Republic Insurance online and you will see some very damaging informations about how they were fined for bad practices , even gone out of business as a result. These are the insurance companies that people with bad records look for , as they know they are dealing with fly by night , or nearly bust companies who are desperate to hold onto anything : even their reputation. Which means nothing to them.
      • 1 Year Ago
      so this article says nothing that we did't already know
      fncguy
      • 1 Year Ago
      I own/drive a Porsche 944. Full coverage, platinum flatbed towing, $23.75/month through GEICO. no duis, no citations in decades, that's the ticket to cheap rates.
        Joe
        • 1 Year Ago
        @fncguy
        That's practically impossible to believe...what year is that supposedly 944?
        virginmrq
        • 1 Year Ago
        @fncguy
        where do you live?
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