Although many people are quick to look at the price-tag of a car when considering whether or not they can afford it, the costs that come afterward are often just as important. This is especially true when it comes to insurance, and Forbes recently provided consumers its list of which cars are the most and least expensive to insure.
There are a number of factors that went into compiling their list and it also came with a few surprises. Perhaps most interesting was that cars that appeal to young drivers, while they may be cheap up front, have surprisingly high insurance. In fact, the Kia Rio's annual premium of $1,522 is not much cheaper than a Corvette's, which is about $1,740.
"An inexpensive car can be relatively costly to insure if it appeals to younger, less-experienced drivers who tend to get into more accidents," Insure.com spokesman Emmet Pierce told the publication.
The least expensive car to insure, according to Forbes, is the Chrysler Town and Country. The minivan comes in at just under $1,100 annually, and is followed by three more minivans on the list including Toyota Sienna and Honda Odyssey.
As for the most expensive, Forbes reports that the Mercedes SL65 tops the list with a whopping $3,543 a year premium