Car insurance: These car brands are the cheapest to insure

It is the owners of Mitsubishi and Dacia who pay the cheapest insurance premiums.  (Pixabay/Florian Picher)

It is the owners of Mitsubishi and Dacia who pay the cheapest insurance premiums. (Pixabay/Florian Picher)

The car insurance premium depends on the value of the vehicle. This means that there are big differences between all brands depending on their segment. Advantage for low cost vehicles and Asian brands.

In 2022, a motorist paid an average of 630 euros for his insurance premium. We know that the number of insurance contracts varies by region. In Brittany, the premium is 491 euros while a Parisian pays 745 euros in tip

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. But this premium also varies according to the value of the vehicle. So there are major differences between the brands, according to a survey by Assurland that is being passed on

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It is the owners of Mitsubishi and Dacia who pay the cheapest insurance premiums. 412 euros for the first and 416 euros for the others. The low-cost brand of the Renault group sells vehicles at low prices. This is also the case with the Japanese brand that sells the SpaceStar for 13,890 euros. This affects the price of the insurance. Especially since policyholders can more easily choose to insure these vehicles against third parties rather than against all risks.

Asian vehicles in good position

When we observe the first 10 places in the ranking of the cheapest insurance premiums, we see the presence of four Asian brands (Suzuki 3rd, Toyota 5th and Kia 8th). Also at the top of the ranking: Fiat, Skoda, Smart and Ford. When looking for French brands, Citroen ranks 4th (536 euros), Renault 16th (598 euros) and Peugeot 21st (639 euros).

At the bottom of the ranking we find high-end or sports brands. The last three places are occupied by Maserati (1,117 euros premium), Porsche (1,055 euros) and BMW (933 euros). Subaru and Tesla are close with a premium of 923 and 915 euros respectively.

Advantage over electric

Electric car owners pay less than others thanks to the elimination of the TSCA (Special Tax on Insurance Agreements) for this type of car purchased between 2021 and 2023. Insurers can also make a commercial effort on their part.

Tesla owners pay hefty premiums, but things are getting better. The number of these has fallen by 11% in two years, according to the research of Assurland. The new Model 3 and Model Y models are marketed at more affordable prices than the Model S and Model X.

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