The Bigger They Get, the Cheaper They Are To Insure

It may cost more money to purchase and fill up, but SUVs , trucks and mini-vans are cheaper to insure. This information is coming from a recent government report that based its findings on the fact that some vehicles cost less to fix, and therefore reflects how much it will cost to insure.

Based on losses of insured vehicles for the model years 2007 to 2009, work van Ford E350 Econoline tops the list as the cheapest vehicle to insure. It’s followed by the Mercury Mariner, a small SUV, and the Chevrolet Traverse.

Due to the fact that so many of the company’s vehicles made the list, Ford has no issues about tooting its own horn. “Vehicle affordability continues to be the most important purchase consideration for car and truck buyers, rivaled only by fuel economy,” said Frederiek Toney, a Ford vice president. “We design our vehicles to be easier and more affordable to repair because we know this saves our customers money in insurance premiums and repair costs over the long term.”

The only car to make the list is the Smart ForTwo microcar. The basic idea behind the list is that some vehicles are cheaper to fix if you crash them, and that difference is reflected in their insurance So that Econoline van is 61% cheaper to insure than the average vehicle. The Mariner is 59% cheaper to insure. Traverse is 57%.

Other cheap vehicles to insure, and their percentage they are cheaper than average:

Ford E350 Econoline: 61%

Mercury Mariner: 59%

Chevrolet Traverse: 57%

Ford Escape: 50%

Jeep Wrangler: 53%

Smart ForTwo convertible: 52%

GMC Acadia: 47%

Saturn Outlook: 46%

Ram 1500: 45%

Ford F-150 Supercab: 44%

Kia Sorento: 44%

Dodge Grand Caravan: 40%

Ford F-250: 40%

[Source: Kicking Tires]