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In 2024, the most expensive automobiles to insure include the Maserati Quattroporte Trofeo, Maserati Quattroporte, Maserati Ghibli Trofeo and Audi R8 Performance, according to’s latest analysis. 

The cheapest vehicles to insure in 2024 are the Honda HR-V, Mazda CX-30, Chevrolet TrailBlazer and Chevrolet Express 2500 Cargo Van.

Each year, compares car insurance rates in every state to compile a comprehensive ranking of vehicle insurance based on make, model and type. We collected insurance quotes from several major insurance carriers and averaged the premiums to determine this year’s top most expensive and cheapest cars to insure. 

Key Takeaways

  • Based on’s analysis, the Honda HR-V is the cheapest car to insure in 2024, at an average cost of $139 a month. 
  • The most expensive car to insure in 2024 is the Maserati Quattroporte, with an average insurance premium of $6,166 per year, according to’s data study. 
  • The Maserati Quattroporte Trofeo is the most expensive car to insure for young drivers, whereas the Chevrolet TrailBlazer is the cheapest car to insure. 
  • Honda HR-V is the cheapest car in 2024 and the most affordable SUV to insure, with an annual cost of $1,673. 

Our take

Determining what vehicle is best for you doesn’t just come down to cost — factors such as family size, transportation needs, commute and recreation are also consideration points.

One way to save money on car insurance premiums is to purchase a vehicle with high safety ratings and cost-effective parts. These aspects often lessen assessed risk car insurers may consider when setting premium rates. 

Jim Brau, Joel C. Peterson, professor of finance at Brigham Young University’s Marriott School of Business, says that cheaper and older vehicles are cheaper to insure because the repairs are cheaper.

“Insurance firms will try to predict what hazards owners of a particular vehicle present and how expensive it will be to fix or total a specific vehicle,” Brau says.

Cheapest cars to insure

The Honda HR-V, Mazda CX-30, Chevrolet TrailBlazer and Chevrolet Express 2500 Cargo Van are the cheapest cars to insure in 2024. The cheapest is the Honda HR-V, starting at an annual premium of $1,673 or $139 monthly. 

This vehicle has various safety features including sensing, automatic braking, pedestrian detection and rear, side and front airbags. It’s also the Insurance Institute for Highway Safety (IIHS) top 2023 safety pick. See the annual and monthly rates for the cheapest cars to insure in the table below.

Make and Model  Annual Premium Monthly Premium
Honda HR-V$1,673$139
Mazda CX-30$1,679$140
Chevrolet TrailBlazer$1,683$140
Chevrolet Express 2500 Cargo Van$1,685$140
Kia Seltos$1,693$141
Ford Transit Connect Cargo Van$1,695$141
Ford Transit Connect Passenger Wagon$1,702$142
GMC Savana Cargo Van$1,713$143
Hyundai Venue$1,719$143
Honda CR-V$1,722$144
Volkswagen Tiguan$1,730$144
Chevrolet Express 2500 Passenger Van$1,738$145
Toyota Corolla Cross$1,743$145
Ford Maverick$1,746$146
Volkswagen Taos$1,751$146
Chevrolet Express 3500 Cargo Van$1,755$146
Subaru Forester$1,757$146
Chevrolet Express 3500 Passenger Van$1,771$148
Mazda CX-5$1,773$148
GMC Savana Passenger Van$1,781$148
Ford Transit Crew Van$1,787$149
Subaru Crosstrek$1,790$149
Buick Encore GX$1,791$149
Hyundai Kona$1,792$149
Subaru Outback$1,797$150

Cheapest cars to insure, by insurance company

When it comes to finding the cheapest car insurance premiums, shopping around is your best bet. Car insurance companies price premiums based on proprietary calculations of your location, vehicle make/model, age, gender, driving history and credit history (in certain states). 

The car insurance companies offering affordable premiums for the cheapest 2024 models include State Farm and Geico. The cheapest cars to insure vary a bit when you analyze the rates by company. By company, the cheapest vehicle is the Chevrolet TrailBlazer insured by State Farm, followed by the Volkswagen Taos. See more rates in the table below.

Make/Model  Company  Annual Premium Monthly Premium
Chevrolet TrailBlazerState Farm$1,122$94
Volkswagen TaosState Farm$1,203$100
Mazda CX-30Geico$1,211$101
Subaru CrosstrekState Farm$1,218$101
Mazda CX-5State Farm$1,220$102
Chevrolet Express 2500 Cargo VanState Farm$1,229$102
Buick Encore GXState Farm$1,234$103
Volkswagen TiguanState Farm$1,235$103
Hyundai KonaState Farm$1,237$103
Honda CR-VState Farm$1,253$104
Ford MaverickState Farm$1,266$105
Chevrolet Express 3500 Passenger VanState Farm$1,271$106
Toyota Corolla CrossState Farm$1,273$106
Hyundai VenueState Farm$1,277$106
Subaru ForesterState Farm$1,280$107
Honda HR-VState Farm$1,284$107
Kia SeltosGeico$1,287$107
Chevrolet Express 3500 Cargo VanState Farm$1,287$107
Chevrolet Express 2500 Passenger VanState Farm$1,289$107
Subaru OutbackState Farm$1,289$107
Ford Transit Connect Cargo VanState Farm$1,301$108
Ford Transit Connect Passenger WagonState Farm$1,305$109
GMC Savana Cargo VanState Farm$1,321$110
GMC Savana Passenger VanState Farm$1,337$111
Ford Transit Crew VanState Farm$1,385$115
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Vehicle Type

The most expensive cars to insure

What cars are most expensive to insure? Supercars and luxury models are beautiful, speedy and the crème de la crème of the auto industry — that’s what also makes them pricey to insure. The most expensive cars to insure in 2024 include several Maserati models, the Audi R8 Performance and the BMW M8. 

The premiums on these types of vehicles are generally higher than most because they have limited and expensive replacement parts and they can hit excessively high speeds, which makes them a high-risk vehicle for accidents, fatalities and theft. 

The most expensive car to insure on our list is the Maserati Quattroporte with a monthly premium of $514, followed by the Maserati Quattroporte Trofeo at $511 per month and Maserati Ghibli Trofeo at $490 per month. See more rates in the table below for the highest insurance cars.

Make/Model Annual PremiumMonthly Premium
Maserati Quattroporte$6,166$514
Maserati Quattroporte Trofeo$6,131$511
Maserati Ghibli Trofeo$5,883$490
Audi R8 Performance$5,716$476
BMW M8$5,201$433
Maserati Ghibli$5,065$422
Porsche Taycan Turbo$5,001$417
BMW I7$4,929$411
Porsche Panamera Turbo S E-Hybrid$4,912$409
Audi R8$4,840$403
Porsche Taycan GTS$4,826$402
BMW Alpina B8$4,800$400
Maserati Levante Trofeo$4,796$400
Audi S8$4,792$399
Land Rover Range Rover P530 Autobiography$4,789$399
Audi RS6 Avant$4,763$397
Porsche 911 Carrera GT3 RS$4,758$397
Porsche Panamera 4S E-Hybrid$4,752$396
Audi RS E-tron GT$4,735$395
Mercedes EQS$4,710$393
Mercedes S Class$4,703$392
BMW M5$4,624$385
Porsche 911 Turbo$4,615$385
Dodge Charger SRT$4,607$384

Most expensive cars to insure, by insurance company

Finding affordable car insurance for a luxury or supercar model is possible, and may come down to the safety features in the vehicle. The most expensive vehicle on our list is the Porsche Panamera Turbo S E-Hybrid insured by State Farm. 

While State Farm’s premiums are some of the cheapest, they’re on our list of the most expensive premiums as well. Progressive offers reasonable rates for luxury vehicles, such as Progressive’s monthly rate of $151 for a BMW Alpina B8. See more rates in the table below.

Make/Model  Company  Annual Premium Monthly Premium
Porsche Panamera Turbo S E-HybridState Farm$3,212$268
Porsche Taycan TurboState Farm$3,049$254
Porsche 911 Carrera GT3 RSState Farm$3,021$252
Maserati Quattroporte TrofeoNationwide$2,986$249
Land Rover Range Rover P530 AutobiographyState Farm$2,977$248
Porsche Taycan GTSState Farm$2,946$245
Maserati Ghibli TrofeoState Farm$2,897$241
Maserati Levante TrofeoState Farm$2,838$236
Audi S8State Farm$2,830$236
BMW M8State Farm$2,821$235
BMW M5State Farm$2,813$234
Maserati QuattroporteState Farm$2,799$233
Audi R8 PerformanceProgressive$2,790$233
Audi R8Progressive$2,790$233
Audi RS E-tron GTState Farm$2,787$232
Dodge Charger SRTState Farm$2,731$228
BMW I7State Farm$2,723$227
Porsche Panamera 4S E-HybridState Farm$2,572$214
Porsche 911 TurboNationwide$2,571$214
Mercedes EQSState Farm$2,565$214
Audi RS6 AvantState Farm$2,538$212
Maserati GhibliState Farm$2,524$210
Mercedes S ClassState Farm$2,523$210
BMW Alpina B8Progressive$1,818$151

Most expensive cars to insure, by driver

When it comes to premium hikes, the driver’s age is a huge consideration. Typically, the younger the driver, the riskier the driving behaviors. This is typically based on inexperience, speeding and distracted driving behaviors. Rates tend to drop as drivers age and if they have a clean driving record and limited claims. 

The National Highway Traffic Safety Administration (NHTSA) data shows that 2,116 drivers aged 15 to 20 died in traffic crashes in 2021 — an increase of 11% from 2020. Young drivers made up 5% of all licensed drivers in 2021 but accounted for 8.5% of all drivers involved in fatal crashes. 

Most expensive cars to insure for young drivers

Age is anything but a number when it comes to car insurance premiums. In general, the younger you are, the more likely you are to see a surge in average annual premiums. For an 18-year-old male to insure a Maserati Quattroporte Trofeo, he would be looking at $24,102 – more than $2,000 monthly. 

Comparatively, if a 40-year-old male insured the same vehicle, he would pay 119% less at $6,166 annually or $514 a month. 

Make/ModelAverage Annual Premium
Maserati Quattroporte Trofeo$24,102
Maserati Quattroporte$23,598
Maserati Ghibli Trofeo$22,585
Audi R8 Performance$22,178
Maserati Ghibli$20,052
BMW M8$19,694
Porsche Taycan Turbo$19,012
Maserati Levante Trofeo$18,798
Porsche 911 Carrera GT3 RS$18,263
Porsche Panamera Turbo S E-Hybrid$18,123

Cheapest cars to insure, by driver

Some of the cheapest cars to insure have high safety ratings and lower claims. 

According to the bodily injury liability coverage comparison by the HDLI, station wagons, SUVs, vans and larger vehicles generally had lower bodily injury liability claim frequencies between 2018 and 2020 than smaller ones. 

While these types of cars may bring in a lower premium quote, other factors, such as age, gender and driving history, can impact the total amount you pay for car insurance. 

Cheapest cars to insure for young drivers

In 2024, an 18-year-old driver can anticipate paying at the minimum an estimated $437 monthly for their car insurance premium. This is based on’s data analysis for the cheapest cars for the year. 

A young driver’s average annual premium for a Chevrolet TrailBlazer is $6,216. This is more than $4,500 more annually than the average annual premium of $1,683 a 40-year-old driver could anticipate being quoted for car insurance of the same vehicle. 

While the following rates are more affordable than those for the most expensive cars or cars with the highest insurance rates for 2024, they are still exceedingly high for car insurance. Young drivers can find cost savings by asking about discounts, such as those for good drivers or students or be added to a parent or guardian’s insurance plan. 

Make and Model Average Annual Premium
Chevrolet TrailBlazer$6,216
Ford Transit Connect Cargo Van$6,225
Ford Transit Connect Passenger Wagon$6,227
Honda HR-V$6,246
Chevrolet Express 2500 Cargo Van$6,261
Mazda CX-30$6,266
Kia Seltos$6,289
GMC Savana Cargo Van$6,294
Subaru Forester$6,322
Honda CR-V$6,335

Most and least expensive cars to insure, by vehicle type

SUVs tend to be safer in collisions than smaller sedans and often are cheaper to insure. However, this depends on the type and size of the SUV. In some instances, SUV premiums may be most costly due to the risk of rollover accidents, theft rates, collision damages and repair costs. Learn more about how the most and least expensive cars of 2024 rate for insurance premiums. 

Cheapest SUVs to insure

What car has the cheapest insurance? The Honda HR-V is the cheapest vehicle in 2024 and the most affordable SUV to insure, according to 2023 data. The average annual premium of $1,673 is $139 monthly for the HR-V; however, the Mazda CX-30 comes in at a close second. For an additional $5 annually, you can still insure the CX-30 affordably – an IIHS’s top safety pick for 2021. 

See more rates for the cheapest SUVs to insure in the table below.

Make and ModelAverage Annual Premium
Honda HR-V$1,673
Mazda CX-30$1,679
Chevrolet TrailBlazer$1,683
Honda CR-V$1,689
Kia Seltos$1,693
Hyundai Venue$1,719
Volkswagen Tiguan$1,730
Toyota Corolla Cross$1,743
Volkswagen Taos$1,751
Subaru Forester$1,757

Cheapest sedans to insure

Sedans are often fuel-efficient and have better gas mileage than SUVs, trucks and vans. This is due to their lightweight materials and smaller vehicle designs. Their parts are often more affordable, as well. However, to insure a sedan, you can anticipate paying a little more than you would for an SUV – they’re more likely to be damaged in a collision with a large vehicle. 

The cheapest sedan to insure in 2024 is the Subaru Legacy, with an average annual premium of $1,886 or $156 monthly. The Honda Accord comes in second, at $85 higher annually with an average annual premium of $1,971. 

The Subaru Legacy is $213 more expensive annually than the cheapest SUV to insure: the Honda HR-V at an annual average premium of $1,673. See more rates for the cheapest sedans to insure in the table below.

Make and ModelAverage Annual Premium
Subaru Legacy$1,886
Honda Accord$1,971
Honda Civic$1,999
Nissan Versa$2,005
Kia Rio$2,007
Volkswagen Jetta$2,037
Mazda Mazda3$2,046
Toyota Corolla$2,061
Hyundai Elantra$2,061
Toyota Camry$2,080

Cheapest trucks to insure

The cheapest truck to insure in 2024 is the Ford Maverick with an average annual premium of $1,746. The Ford Ranger is the second most affordable truck to insure with an average annual premium of $1,864 — $118 more annually than the Maverick. 

When comparing the Maverick to the cheapest sedan to insure — the Subaru Legacy, with an average annual premium of $1,886 — the Maverick is $140 cheaper annually than the Subaru. See more rates for the cheapest trucks to insure in the table below.

Make and ModelAverage Annual Premium
Ford Maverick$1,746
Ford Ranger$1,864
Nissan Frontier$1,885
Toyota Tacoma$1,917
Hyundai Santa Cruz$1,941
Honda Ridgeline$1,956
Ford F-150$1,959
Toyota Tundra$2,010
Jeep Gladiator$2,045
GMC Sierra 1500$2,120

Frequently asked questions

How can I save on car insurance?

When trying to save on car insurance, ask about discounts, bundling and ways to improve your driving record. The following are some strategies that you can start with:

  • Bundling auto and home insurance or two or more vehicles with the same company under one policy
  • Signing up for telematics
  • Increasing your deductible
  • Setting up automatic electronic payments for your premium
  • Maintaining a good credit rating
  • Keeping a safe and clean driving record — taking safety and defensive driving programs can help 
  • Opting for factory-installed safety features like airbags, antilock brake systems, anti-theft systems, electronic stability control, forward-collision warnings and lane-departure warnings

What makes a car more expensive to insure?

The make and model of your vehicle is a significant factor in determining car insurance premiums. Often, the more pricey the car and its parts, the higher the premium will be as insurance companies assess risk when determining their rates. This includes the cost of repairs, safety features and personal factors of the driver. 

Some additional factors that may hike premiums include:

  • Your age: Young drivers tend to be assessed as riskier drivers based on their inexperience, higher incidents of accidents, distracted driving and tendencies to speed. This increases their car insurance rates initially. After age 25 and through mid-life, rates decrease as driver experience increases. After age 65, risk is assessed higher for seniors— as their age group tends to see higher accident and medical claims.
  • Driving record: Your driving history impacts your car insurance costs. If you have recent accidents on your record, what you’re paying for insurance is likely to increase. These infractions have increased your risk as a driver and your premium will adjust based on your claim, driving history and perceived risk for filing another claim. 
  • Credit-based insurance score: Car insurance companies frequently assess your credit history while setting your premiums. A credit-based insurance score shows how a consumer manages their money. However, this practice isn’t allowed in California, Hawaii, Maryland, Massachusetts, Michigan, Oregon and Utah.

Are Volvos expensive to insure?

While Volvos didn’t make our 2024 cheap and expensive cars to insure list, you may be an owner of one and wondering how your vehicle stacks up. On average, annual car insurance for Volvo is $2,632, or $219 monthly, for a 40-year-old driver. This premium average will increase the younger the driver. 

Compared to the most and least expensive cars in 2024, Volvos are more expensive to insure than an SUV, truck or sedan, but not as costly as a luxury vehicle like a Dodge Charger SRT at $4,607 annually. However, the cheapest Volvo model to insure is the XC40 at $2,077 per year for drivers aged 40. This is slightly less expensive than insuring a Toyota Camry sedan at $2,080 annually.

Volvos are more costly to insure because of their expensive auto parts and repair costs. Some parts have to be imported from other parts of the world. This can make an insurance claim much more expensive, which increases the premium. 

What insurance factors should I consider when purchasing a new car in 2024?

Doing your research can help pay off in the long run. Understanding why certain makes and models have more expensive premiums can also help you factor in the total costs for your new or new-to-you vehicle. Knowing how your personal information, such as your gender, age and driving history will factor into your premium can help you determine your car shopping budget. 


What our expert says

Q. What makes a vehicle less expensive for insurance?

Dr. James BrauJoel C. Peterson Professor of Finance Brigham Young University
Insurance firms will try to predict what hazards owners of a particular vehicle present and how expensive it will be to fix or total a specific vehicle. So if you’re like me and drive an old beater that is worth about $1,000, worst case scenario the insurance company has to pay a grand if it gets totaled. But if I were rich and had a $100,000 Tesla, the insurance company would have to pay a lot more if the car were damaged or totaled. So, how much the vehicle is worth is a big factor.The other factor: Do drivers of that specific vehicle tend to speed, drive dangerously or get in wrecks? So, if a vehicle is a super fast sports car, there is a higher chance the driver will speed and drive more dangerously than if the car is an older model that tops out at 55 mph!

Resources & Methodology


Highway Loss Data Institute. “Bodily injury liability coverage.” Accessed January 2024.

Insurance Institute for Highway Safety (IIHS). “2023 Honda HR-V.” Accessed January 2024.

Insurance Institute for Highway Safety (IIHS). “2021 Mazda CX-30.” Accessed January 2024.

Insurance Institute for Highway Safety (IIHS). “Teenagers.” Accessed January 2024.

Insurance Institute for Highway Safety (IIHS). “Vehicle size and weight.” Accessed January 2024.

Insurance Information Institute. “How to save money on your car insurance.” Accessed January 2024.

National Highway Traffic Safety Administration (NHTSA). “Traffic safety facts – 2021 data.” Accessed January 2024. 


Insure editors in 2024 collected rates from Quadrant Information Services for 18- and 40-year-old males with a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductible. We analyzed 28,561,720 quotes, 510 ZIP codes and 58 insurance companies nationwide.

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Katrina Raenell
Contributing Researcher


Katrina Raenell is a writer, editor and educator with 20 years of experience in content and communications for international organizations, nonprofits and start-ups. In her previous roles, she was a communications manager for study abroad, content project manager for higher education and finance websites, reported on arts and culture, and was a managing editor for an online health and wellness publication.