Most of us say "thanks" without thinking.
Jan. 15--The Ford Edge, which generally has garnered good reviews as a comfortable and affordable crossover vehicle, topped Insure.com's list this year for drivers looking for the biggest bargain on car insurance.
The SE model was the cheapest vehicle to insure among some 750 reviewed by the price-comparison website for the 2013 model year.
Crossovers and SUVs dominated as the least expensive vehicles to insure -- including models from Jeep, Kia and Hyundai -- highlighting a shift away from minivans as the go-to vehicle for families. Family vehicles generally report fewer crashes, which holds down expensive insurance claims.
The Honda Fit, squeaking in at No. 19, was the only small car to make the top 20.
Not surprisingly, luxury cars with powerful engines and European pedigrees led the rankings of the most expensive cars to insure. Mercedes-Benz models dominated, taking eight of the top 10 and 11 of the top 20 slots.
Vehicles with the highest price tags tend to cost more to insure because the value pushes up repair and replacement costs. Luxury cars often are made in limited numbers, which jacks up repair costs.
Other factors that affect premiums include frequency of accidents, bodily injury claims and incidence of theft.
Insure.com's nationwide rankings were based on average car insurance rates from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state.
The sample driver was a single, 40-year-old male commuting 12 miles to work each day with certain policy limits, a $500 deductible on collision and comprehensive coverage, plus a clean driving record and good credit.
Based on that criteria, the average annual premium for the Ford Edge SE was $1,128. That compared with an average annual insurance bill of $3,357 for the most expensive vehicle to cover: the Mercedes-Benz CL600 with a sticker price of about $160,000.
For the complete rankings, visit www.insure.com.
Insuring your ride
The Ford Edge SE crossover is the cheapest 2013 model to insure, according to rates compiled by the price-comparison website Insure.com The company looked at insurance rates nationwide for roughly 750 vehicles. The number in parentheses gives the number of cylinders.
1. Ford Edge SE (4)
2. Jeep Grand Cherokee Laredo (6)
3 Subaru Outback 2.5i Premium (4)
4. Kia Sportage (4)
5. Jeep Patriot Sport (4)
6. Chevrolet Express 1500 (8)
7. Subaru Outback 3.6R (6)
8. Hyundai Tucson GLS (4)
9. Ford Explorer (6)
10. Hyundai Tucson GL (4)
11. Dodge Grand Caravan SXT (6)
12. Ford Transit Connect XLT Premium (4)
13. Chevrolet Equinox 1LT (4)
14. Honda Odyssey EX-L (6)
15. Jeep Compass Sport (4)
16. Kia Sorento LX 2-WD (6)
17. Nissan Pathfinder S (6)
18. Chevrolet Equinox 2LT (6)
19. Honda Fit (4)
20. Kia Sorento LX 4WD (4)
1. Mercedes-Benz CL600 (12)
2. Mercedes-Benz CL65 AMG (12)
3. Mercedes-Benz S65 AMG (8)
4. Mercedes-Benz SL65 AMG (12)
5. Mercedes-Benz CL63 AMG (8)
6. Mercedes-Benz S600 (12)
7. Mercedes-Benz SL63 AMG (8)
8. Mercedes-Benz S63 AMG (8)
9. Porsche 911 Turbo (6)
10. Porsche 911 Turbo S (6)
Patricia Sabatini: firstname.lastname@example.org or 412-263-3066.
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