Although the rankings remain stable, the car insurance amounts vary greatly by state. The average annual policy in the country for the Honda Odyssey costs an average of $1,113; it would cost the same driver $651 in Maine and a whopping $2,387 in Michigan.
But why does where you live factor into your auto insurance pricing? When determining rates, insurers use metrics, such as population density, crime rate, average weather, frequency of claims, and civil services, including road maintenance and emergency response times.
“Some make and model cars have a greater likelihood of being stolen than others -- typically luxury cars and sports cars,” says Worters. “A turbo-charged engine, for example, is often more powerful, and people are more likely to speed with them. Not to mention the cost to replace turbochargers -- which is quite expensive. Convertibles are also typically more expensive to insure because they are easier to steal.
