SAN FRANCISCO — The Ford Explorer SUV is the best deal in car insurance when compared to its purchase price, according to a new report by InsuranceQuotes.com. The report provides some critical information for car shoppers who may be researching insurance costs before buying a vehicle.
The annual insurance cost for the Explorer, priced near $34,000, is $1,301.
"Sport utility vehicles and trucks account for eight of the top nine insurance values," InsuranceQuotes.com said on Thursday. "These larger vehicles are less likely to be damaged in accidents, provide greater protection for occupants and tend to be driven by more responsible individuals (for example, middle-aged parents)."
The Ford Focus, with a low purchase price near just $18,000, costs almost $1,400 a year to insure, making it the worst deal in car insurance, the report said.
"The 11 worst deals are sedans," the report said. "Higher theft rates increase the cost of insuring these vehicles. Also, their smaller stature can expose them to more damage and they are typically driven by riskier people, such as young, single men."
Edmunds says: Insurance costs are a key part of the total cost of ownership. This new report helps consumers who are doing their homework before heading to the showroom.