Get to know the car brands that hit your wallet hardest with insurance costs. Based on data from Quadrant Information Services, here are the annual and monthly average rates you can expect with top insurers.
5. GMC
Highlights: Renowned for durable trucks and SUVs.
Why Are GMC Vehicles Expensive to Insure?: Utility vehicles often carry higher insurance premiums.
Average Insurance Costs:
- Monthly: $184
- Annually: $2,207
4. Lexus
Highlights: Combines luxury and safety, with models like the Lexus ES 350.
Why Are Lexuses Expensive to Insure?: Premium brand status leads to higher insurance costs.
Average Insurance Costs:
- Monthly: $189
- Annually: $2,273
3. BMW
Highlights: Luxury and performance converge in vehicles like the BMW 3 Series.
Why Are BMWs Expensive to Insure?: High-end models with luxury features increase insurance rates.
Average Insurance Costs:
- Monthly: $195
- Annually: $2,337
2. Tesla
Highlights: Leading in electric vehicle tech with models like the Tesla Model X.
Why Are Teslas Expensive to Insure?: Costly parts and expensive repairs post-collision.
Average Insurance Costs:
- Monthly: $251
- Annually: $3,007
1. Dodge
Highlights: Known for power-packed models like the Dodge Charger.
Why Are Dodges Expensive to Insure?: High insurance losses, about 110% above average.
Average Insurance Costs:
- Monthly: $354
- Annually: $4,242
Lowering Costs with FIXD
If you want to protect your family and keep your car safe on the road, FIXD can do just that.
While the FIXD sensor can’t lower your insurance costs directly, it can help keep your vehicle in top condition.
What is FIXD?
FIXD is a pocket-sized sensor that gives you real-time updates on your car’s health, delivered right to your smartphone.
Tracking your car’s health helps you address small issues before they become costly problems, potentially preventing accidents and expensive repairs that could affect your insurance premiums.
Why get FIXD?
- Instant Diagnostics: Decode check engine lights without a mechanic.
- Real-Time Alerts: Get updates about your car’s condition in plain English.
- Preventive Insights: Learn about potential issues early to avoid major repairs.
- Easy to Use: FIXD couldn’t be easier to use! Here’s how it works:
- Plug the sensor into your car.
- Open the FIXD App.
- Tap to scan!
Investing in a FIXD Sensor can help your car last longer and ensure you’re informed about its performance and maintenance needs… giving you peace of mind on the road.
Note: Insurance rates are based on a 35-year-old driver with a clean driving record and good credit. Estimates assume full-coverage policies.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
