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Cheaper cars are more expensive to insure

by Jeff Sabatini (RSS feed) on Feb 15th, 2012 at 9:15AM

Life is not fair. That's about the only rational explanation we can offer for this little fact of life: A low MSRP is likely to mean big insurance payments. Citing information from Insure.com, MarketWatch says the average price to insure a 2012 Honda Civic sedan, for instance, is about $2,353 per year, while a 2012 Toyota Sienna will run only $1,111 annually. The least expensive vehicles to insure tend to be relatively large vehicles, like minivans, trucks and SUV's, according to the report. Even though those vehicles tend to be much more expensive than compact cars, they also tend to be... Read More

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