Top 5 Best Car Insurance Deals

Jason Siu
by Jason Siu

The vehicle you own plays a major part in deciding how much you pay for car insurance and you might be surprised to see which vehicles have the best car insurance deals.

A recent study conducted by Quadrant Information Services for took a look at 20 of the most popular vehicles and divided the average annual cost to insure each vehicle by its price. The insurance-to-cost ratio was used to determine which vehicles are relative bargains to insure and which ones have a high insurance burden.

SEE ALSO: You Can Save 25 Percent on Your Insurance by Bundling

The study’s findings might surprise you, especially considering the top 5 best car insurance deals aren’t your run-of-the-mill sedans. Helping attribute to the findings is the assumption that those purchasing a crossover, SUV or pickup truck is different from the typical driver of an $18,000 sedan. Insurance companies are more than likely to assume a crossover, SUV or pickup is being driven by an older, more experienced driver.

5. Dodge Ram 1500

With an MSRP of $26,855, the Dodge Ram 1500 lands in fifth place with an average annual insurance cost of $1,302. The American automaker’s pickup has an insurance-cost-ratio of 4.85 percent.

4. Chevrolet Equinox

Next on the list is the Chevrolet Equinox, with a price of $26,105 and an average annual insurance cost of $1,265. Its insurance-cost-ratio is pretty much the same as the Dodge Ram 1500 at 4.85 percent.

3. Chevrolet Silverado

Another pickup to land on the list is the Chevrolet Silverado, with pricing starting from $27,815. According to the study, the average annual insurance cost is $1,269 giving the Silverado an insurance-cost-ratio of 4.56 percent.

2. GMC Sierra

Are you seeing a trend yet? The GMC Sierra shouldn’t be a huge surprise considering it’s quite similar to the Chevrolet Silverado. Its MSRP is $28,315 while the average annual insurance cost is slightly less than the Silverado at $1,272. As a result, the GMC Sierra has an insurance-cost-ratio of 4.49 percent.

1. Ford Explorer

The Ford Explorer tops the list of best car insurance deals, despite its price tag of $34,345. The average annual cost to insure the Ford Explorer is $1,301 giving it an insurance-cost-ratio of 3.79 percent.

Discuss this story on our Ford Forum

Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

More by Jason Siu

Join the conversation
  • Johnls39 . Johnls39 . on Nov 27, 2015

    And majority of them are SUVs and trucks with the best insurance rates. Make me wonder if elevated height make drivers aware what is ahead of them to take precaution compared to a car.

    • See 1 previous
    • Perry F. Bruns Perry F. Bruns on Nov 30, 2015

      It could also be theft rates. None of these cars are on the "most stolen" list, where we do see several of the "worst five" insurance deals (which based on the cost-to-insure ratio above, still aren't that bad, with only a couple of percentage points separating the best from the worst).