These brand associations are tied to sticker prices, and drivers are willing to pay for a vehicle that jibes with the way they like to feel.
But often lost in the shopping process is how much a vehicle costs to insure, which can amount to a significant part of any family’s monthly budget. The data shows that facts can be odds with emotions, and those vehicles perceived to be “smart” or “cautious” may not necessarily be viewed as such by insurers.
So here are 6 cars from model years 2010-2012 that may be surprisingly pricy to insure, assuming full coverage.
Toyota Prius 5: $149.91/mo. average
Yes, the Prius is smart and practical from a driver’s standpoint. It handles nicely and of course features world-class fuel economy. Nevertheless, insurance carriers are quite wary of hybrids and electric cars. Because of their relatively recent arrival on the roads there remains a lack of historical data on exactly how the parts age. What kind of shape is a Prius in after nine years of wear and tear? Right now there just aren’t enough data points for carriers to feel comfortable exposing themselves to that risk cheaply. More on this topic can be learned on the CoverHound Blog.
Toyota Yaris: $152.35/mo. average
The third-generation subcompact car is inexpensive (MSRP $14,115 – $17,200) relative to others in its class and earns very good safety ratings. But drivers and insurers alike are concerned with its lack of pick-me-up; the 1.5 liter four-cylinder engine simply lacks oomph, and besides leaving drivers frustrated it could also lead to dangers while merging and driving on the highway.
Hyundai Elantra: $177.09/mo. average
The Elantra is quite popular with those looking for a small, practical car for everyday use. But while they are relatively satisfied with its performance, especially relative to other cars in its class and price range, Elantras do raise some safety concerns. While the the Insurance Institute for Highway Safety (IIHS) did name it a “Top Safety Pick,” the Elantra only earned three stars out of five on important side impact and side pole tests conducted by the federal government.
Chrysler 200: $212.30/mo. average
The remixed, revamped version of the now retired Sebring has been dogged by mixed reviews since first arrived on the scene in 2011. Because while it does sport a big, sleek design and excellent safety ratings, a well-documented torque steering issue has caused a series of accidents for folks accelerating from stops.
Dodge Charger: $225.73/mo. average
This big, proud American car has been lauded by critics and drivers alike for its excellent performance at a competitive price (MSRP $25,595-$41,625). Similar to others on this list, the Charger gets excellent safety marks. Nevertheless, flags are raised by loose steering in all-wheel drive, and engine that guzzles an aggressive amount of oil.
What’s CoverHound? It’s a company committed to building the first brand in insurance shopping that users can actually trust. Consumers can use CoverHound to calculate their personal insurance needs, learn more about top providers — and easily buy the right policy at the right price. Be sure to check out the Coverhound blog for more fun and informative posts.