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Top 5 Best Car Insurance Deals

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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 insuranceQuotes.com 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

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

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

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

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

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.

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