Signing on the dotted line for a brand-new car isn’t the final step in the car-buying equation. Next comes auto insurance, which can add another lump sum atop a car payment. And too high of a figure could kill a deal.
Of the 25 cars, the Corvette comes in at number 12. The average annual insurance paid is $671.58, while annual collision insurance paid is $417.30. The low insurance rates may have something to do with the collective buyers’ ages, though. Few new drivers purchase a Corvette convertible as their first set of wheels.
Those not looking at a sports car will be happy to hear that three other General Motors vehicles made the list. The Chevrolet Traverse, GMC Acadia, and Chevrolet Silverado 1500 all boast rather low annual insurance premiums. The Silverado actually took the number three spot with an annual average rate of $620.47 and a collision insurance rate of $253.50.