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Cars with high insurance costs

By Melissa Neiman Posted : 09/08/2011

Car insurance ratesCars with high insurance costs

The cost of car insurance varies from one vehicle to the next. Over a number of years, the extra cost of a car that is more expensive to insure really adds up.

"When shopping for a new car, don't just consider the cost, color and gas mileage," says Carole Walker, executive director of the Rocky Mountain Insurance Information Association. "You also need to weigh how your choice will affect how much you pay for car insurance."

Cars that are safer tend to have lower rates.

"Insurance companies offer discounts for vehicles with higher safety and crash test ratings and charge more for makes and models that are rated lower for safety and crashworthiness," Walker says.

To see how your prospective ride compares to the competition in crash tests, check out the Insurance Institute for Highway Safety (IIHS)  top safety picks for 2011.

On the other hand, cars that are "favorite targets for thieves" tend to have higher insurance costs, Walker says.  So, even buying an outdated model – for example, a 2004 Dodge Ram – the sixth-most stolen car in 2010, according to the National Insurance Crime Bureau – could dash your dreams of cheap car insurance.

Finally, cars that are costly to repair also have higher insurance costs.

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