The Car Insurance Insider

According to a new analysis by the Automobile Club of Southern California , the cheapest car to buy doesn’t necessarily come with the cheapest insurance rate. The analysis lists the 10 least expensive and 10 most expensive new cars to insure with an MSRP of less than $50,000 as well as SUVs, pickup trucks and minivans. The least expensive car to insure was the 2007 Toyota Scion xD ($14,000) and has a total premium of $1,104. The most expensive vehicle is the 2007 Chevrolet Corvette, (list: $44,170, insured: $2,039). However, in each category, the analysis also showed that cheapest may not always be best. For example, the 2008 Kia Rio, (MSRP: $10,770), has a total premium of $1,348. The Rio was the least expensive vehicle in the Auto Club analysis, but it cost more to insure than many other more expensive vehicles.