Key Takeaways
The car's make refers to the car's brand, whereas the model is the name of a particular product or, occasionally, a line of products. Therefore, the price of a car and its insurance rates are impacted by the manufacturer, model, model year, body style, and trim level.
| Make | Model |
|---|---|
| Brand of the vehicle | Individual version |
The body style and trim level of cars of the same model might differ substantially. Often, a car's model alone may not be sufficient to identify it when correctly:
Automakers may produce a certain car model in a variety of body types. Here are a few of the most prevalent body type categories:
The body type determines a car's general appearance, the number of doors, and the technical configuration, including the powertrain, engine, and transmission. Because it greatly affects how a car is used, a car's body style may be its most crucial distinguishing feature.
A car manufacturer might provide several trim options for a certain model in addition to body styles. Trim levels are related to the features and style of a certain car.
These are typical trim levels:
Due to some cars' alphanumeric naming conventions, it might be challenging to distinguish between a car's model name and trim level. Lexus, BMW, and Mercedes use these name conventions.
It would be best if you understood the car's name to determine the model name and trim package for these cars.
One of the key distinctions between cars of the same make and model is the model year. Unfortunately, the model year and the year a car was made aren't always the same. Therefore, it is significant to remember that the price of auto insurance varies depending on the age of a car.
You can typically buy a car for that model year a few months before the start of the given calendar year. On the back exterior of the car, badges, emblems, or stickers are frequently used to identify the car's make, model, and trim package.
Finding the make and model of your car is made simple using this method. You can find the make and model of your car printed on the car registration certificate or in the owner's manual if you are having problems identifying it by looking at the outside of the car.
Your car's model year, equipment details and even the factory where it was made can all be found using the car identification number (VIN). On the dashboard of the driver's side, locate your VIN.
Since the model year 1981, they have been 17 digits long. After that, you can seek information about your car using a VIN tracking tool.
Car manufacturers may produce a variety of unique makes, or brands, of cars. If someone asks what brand your car is, you should respond with that name. It would therefore be incorrect to assert that your Scion is a Toyota even though Toyota Motor Corp may produce it.
Because they have acquired or merged with other auto manufacturers, car firms can have different brands. For instance, General Motors Corp. has bought Chevrolet, Buick, and Cadillac over the years.
All of them used to be independent car manufacturers. Manufacturers may also develop distinct brands to target various markets. As an illustration, Toyota Motor Corp. established Lexus to concentrate on the luxury car market.
If you intend to sell your car or get a new one, you should know how the car model affects its worth. Just saying you have or are looking for a Toyota sedan is not detailed enough because cars of the same make and body shape can have vastly varying values.
In addition to the model, the body type and trim level influence a car's worth. Depending on the body design and trim level, cars of the same make and model can have MSRPs that differ by hundreds of dollars.
The make and model of your car also affect how much your insurance will cost. However, this is partly because the value of your car determines the costs for collision and comprehensive coverage.
The average annual insurance rate for each car is listed below, from least to most costly.
| Car Make | Average Premium Rates |
|---|---|
| Honda | $1460 |
| GMC | $1769 |
| Chrysler | $2842 |
| Chevrolet | $1728 |
| Kia | $1522 |
| Toyota | $1667 |
| Ram | $3012 |
| Dodge | $2016 |
| Ford | $1549 |
| Volkswagen | $1686 |
| Nissan | $1620 |
| Jeep | $1640 |
Insurance companies will also consider how frequently drivers with your vehicle's body design and model make liability insurance claims when determining premiums.
A car is deemed more dangerous by your insurer with more claims. How safe your car is for you and your passengers will also be taken into account by your insurer. Usually, adding more safety measures will result in lower insurance costs.
The insurance cost is frequently higher for fast, showy automobiles with a higher likelihood of liability claims, like the Chevrolet Corvette than for affordable cars with a lower likelihood of liability claims, like the Chevrolet Malibu.
The cost of replacing your car is factored into car insurance premiums and the risk you and your car pose. In addition, the value of your car plays a significant role in determining your rate because your comprehensive and collision coverages are intended to cover damages to your car.
Let's compare the base list price of the 2017 Acura MDX—$44,200—to the 2017 Acura MDX Sport Hybrid Upgrade, which is over $52,100. The Sports Hybrid Upgrade's higher average annual insurance costs reflect the $7,900 difference in list price.
| Model with Trim | List Value | Average Annual Premium |
|---|---|---|
| Base | $44400 | $1800 |
| Sport Hybrid Upgrade | $52200 | $1920 |
Utilizing the vehicle identification number is the best and most precise approach to obtaining a car insurance estimate for your particular make and model combination. This unique 17-digit code, often known as the VIN, is used for every car made after 1981.
The VIN of your car gives insurance access to all available history-related data. Look where the dashboard meets the windshield on the driver's side to discover the VIN. It might be found in the car's title if it is not listed there.
In our database of insurance costs by car, you can compare auto insurance rates by make and model.
The editorial staff at Way.com determined the typical premiums for well-known American cars to assist you in comparing the top auto insurance providers. Our research considered many brands and models, including those from different years.
You may see several manufacturers and the models they provide in the table below. The annual premiums for full coverage and minimum coverage insurance are included in the typical rates for auto insurance that we've provided. Depending on your driving record, where you reside, and the coverage you require, your rate could go up or down.
| Models | Annual Full Coverage | Annual Minimum Coverage |
|---|---|---|
| BMW 330i | $1629 | $540 |
| Ford F-150 | $2034 | $555 |
| Honda Odyssey | $1422 | $522 |
| Toyota Prius | $1741 | $508 |
You might wish to follow these procedures when looking for a car to acquire an accurate auto insurance estimate:
Create a practical list: Reduce your list of potential cars by determining your needs before you go car-testing.
For example, do you need a sedan or something bigger to fit your family, or can you get by with a coupe? Do you require a truck to pull something or to move materials? After identifying your needs, the following stage is to reduce your list of potential cars, particularly in terms of type and model.
Before seeking an insurance quote, narrow down your top three car options. This will help you better understand how much your new car would cost to insure. The vehicle identifying number (VIN) is not required to obtain quotes, although having it can increase the precision of your estimate.
Choose the quantity of coverage you require: If you are buying a car outright, you can pick the types and amounts of coverage in your auto insurance policy. However, if you are financing or leasing the car, your lender may demand full coverage insurance covering comprehensive and collision damage. To choose which amount of coverage will make you feel the most comfortable, take into account your unique situation. Again, a conversation with an insurance representative at this point can be beneficial.
Get estimates from firms offering the same coverage: Now that you have decided on your make, model, and coverage requirements, it is time to get rates. It may be wise to start with the lowest car insurance providers. Obtaining many estimates from several auto insurance providers for the same policy options might help you decide and allow you to compare prices fairly.
According to auto insurance firms, your cost is determined by various factors, not only the type and model of the car you purchase. Other elements consist of:
Coverage: The kind of coverage you select and the deductible sum will impact your auto insurance cost. To provide financial security for you and your vehicle, this can include liability coverage, which would pay for damages to the other party if you were found to be at fault in an accident, as well as optional coverage choices like medical payments and comprehensive and collision coverage. The more options you have for coverage and the greater your financial limits, the more you'll have to spend on insurance.
Location: Regarding the price of auto insurance, your state of residence, and, in most circumstances, your ZIP code are important factors. In most states, premiums are established considering local crime rates, population density, and crash records.
Personal information: In most states, your rate can be determined using your age, gender, marital status, credit score, and driving record. If the household has other drivers, their information is also important. Remember that using gender to calculate auto insurance prices is prohibited in Hawaii, California, Massachusetts, Michigan, North Carolina, and Pennsylvania. Additionally, California, Hawaii, Massachusetts, and Michigan prohibit or restrict the use of credit scores to determine auto insurance prices.
Car usage: Your charges may change depending on how you use your car. According to statistics, drivers who spend a long time driving are more likely to be in an accident. As a result, low-mileage drivers typically pay less for insurance.
Your driving record: Continuous coverage might help keep your auto insurance rates low. It matters whether your insurance has expired, whether you've filed claims, and how long you've had coverage with a particular company.
Money-saving techniques are an excellent method to keep your budget when buying a new car. Choosing the right manufacturer and model is one method of cutting costs. Here are a few additional strategies to lower your auto insurance costs:
Request discounts: To reduce the cost of auto insurance, insurance firms offer discounts.To acquire the best car insurance quotes, inquire about any you may be qualified for, as the majority can be combined to optimize savings.
Drive defensively: Good driving practices can help you qualify for further reductions and keep rates low because they lead to fewer accidents and fines.
Think about raising deductibles: You can lower your premium and avoid making minor claims that could raise the cost of your auto insurance by raising your deductible. Your premium will be cheaper the bigger your deductible is. Before making changes to your deductible, remember that this will be your out-of-pocket expense in case of a claim. So first, be sure you can pay a larger deductible comfortably.
Payment in full: Some auto insurance providers provide a discount if you pay the premium in one lump sum rather than in regular monthly payments.
Compare prices: You will probably receive different pricing for auto insurance from each company, even if you request quotations for identical types of coverage. For the same coverage options, carriers may charge different rates because of their rate-creation formulas.
Think about bundling: You may receive a discount for carrying your home and auto insurance with the same provider.
Telematics Discount: If you install a telematics device in your car, many significant auto insurance providers will give you a discount. Your driving habits are tracked by a telematics device and reported to your insurer. In addition, your employer might give you discounts if the gadget identifies you as a low-risk driver. Remember that with some companies, this can go both ways and that engaging in risky driving practices may result in a rate increase.
Searching for affordable auto insurance can resemble looking for a white glove in the snow. So, where do you begin with so many car insurance companies and quotes?
Try Way.com if you're seeking affordable car insurance quotes. With the super app Way.com, you can quickly compare insurance rates from more than 130 best providers. In addition, Way.com handles all aspects of your insurance requirements as a certified broker.
Additionally, it checks your insurance premium every six months to ensure you're always getting the best value. So there's no need to look out for minimal insurance needs or shop around for the cheapest premium.
Compare online car insurance quotes to choose the best fit for your needs.
With Way.com, you can quickly compare quotes from many major insurance providers. Answer a few simple questions to let Way.com's machine learning technology get you affordable auto insurance rates. It costs less while yet providing the same level of coverage.
When you're prepared to switch, Way.com will handle all the paperwork and will assist you in receiving reimbursement for any remaining time on your previous policy. It's the quickest, simplest method to save money and find affordable auto insurance quotes.
Insurance firms use various algorithms to determine the risk of their policyholders. Therefore, the easiest method to discover affordable auto insurance that satisfies your needs is to use Way.com to compare quotes from many car insurance companies.
Why do you compare car insurance quotes? The easiest method to acquire the proper coverage at the greatest price is to compare offers from different suppliers. After that, everything boils down to the variables that affect insurance premiums.
Most insurers consider details like your residence, age, the car you drive, driving record, and credit score. They use it to assess your "high risk" as a driver. You'll obtain a lower premium if they determine you're not likely to get into an accident or make a claim.
But here's the thing: every insurance provider determines this risk using a different algorithm. Therefore, each of them will rank you somewhat differently since they each consider the criteria slightly differently.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Way.com’s Insurance Broker Quote Data
The car's make refers to the car's brand, whereas the model is the name of a particular product or, occasionally, a line of products. Therefore, the price of a car and its insurance rates are impacted by the manufacturer, model, model year, body style, and trim level.
Yes, the year of the car you own will impact your annual insurance premiums.
Ford F-150 drivers had the cheapest full-coverage annual insurance premiums, according to Way.com. You can discover competitive insurance costs for many car models if you seek multiple quotes. Due to increased repair and replacement expenses, luxury cars cost more to insure.
The lowest car insurance depends on your credit score, age, region, car type, and model. Check your state's regulations to learn what insurance firms can utilize in your area. Compare quotes from many companies to discover the cheapest auto insurance. Safe drivers, students, instructors, loyal customers, policy bundlers, and others receive discounts from auto insurers.
Full-coverage auto insurance costs $1557 annually on average. Your auto insurance price depends on your driving record, claims history, and vehicle make and model. Get estimates from various companies to estimate your auto insurance costs and ask about discounts.
If you intend to buy a particular car you should know how the make and model will affect its annual insurance premium.
Yes, the type of the car you own will impact your annual insurance premiums.
Access your digital insurance card through the app. You no longer need to carry your physical insurance card with you.
Receive reminders before your renewal. Way.com will also send new quotes from up to 45 insurance companies with your renewal reminder.
Keep everyone on your policy up to date by sharing your insurance information.
Make changes to your policy right from the app (coming soon) and ask for expert advice.
For the best user experience, please download our Way app.
or
Free quotes from 150+ carriers in seconds
