Depending on the category of a vehicle, the profile of the driver or its use, auto insurance rates vary widely. These are not the only parameters to be taken into account. Indeed, the price of the car, the cost of its repairs or its infatuation with thieves are also part of the factors that vary the insurance premium.
>>> Find all the average insurance rates (2020)
by brand in our slideshow <<
Tesla blows up all the meters
According to the online comparator Assurland.com, which listed the price of auto insurance by brand, Tesla is widely at the top of the ranking. In 2020, owners paid an average of € 1,032 per year for insurance. This is 1.7 times more than the average 2020 premium (€ 611). These 100% electric vehicles have a very high new purchase price and are packed with on-board technologies (multiple screens, sensors and cameras for autonomous driving, etc.). In addition, their aluminum bodywork is extremely expensive to repair ” therefore, repair costs are generated which are enormous », Explains Olivier Moustacakis, co-founder of Assurland.com. This is also the case when the batteries have to be replaced.
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« Manufacturers still have a monopoly on spare parts. The liberalization of the sector, which will have an impact on prices, is a huge challenge for auto insurance. If the market were liberalized it would really save money “. On the other hand, Olivier Moustacakis rules out the loss factor linked to the power or the significant torque available instantly. He estimates that it is not higher than for other vehicles.
Along with electrics, sports cars, convertibles and luxury sedans are among the most expensive models to insure. No wonder then to find Porsche and BMW respectively on the 2e and 3e step of the podium with bonuses in 2020 which amounted to € 929 and € 752 respectively.
| The 5 brands the most expensive to insure |
The 5 brands the dear ones to insure |
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| Tesla | 1 032 € | Dacia | 451 € |
| Porsche | 929 € | Mitsubishi | 498 € |
| BMW | 752 € | Suzuki | 523 € |
| Audi | 743 € | Honda | 531 € |
| Jaguar | 724 € | Toyota | 538 € |
| Average premium: € 611 | |||
Dacia and the cheaper Japanese brands, why?
If we look at the opposite extreme, Dacia is a leader in the ranking of the cheapest brands with an average premium which amounted to € 451 in 2020. The Romanian brand is ahead of four Japanese manufacturers: Mitsubishi (498 €), Suzuki (€ 523), Honda (€ 531) and Toyota (€ 531). The fact that the models of these brands are less sensitive to theft allows them to display more contained prices.
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According to Assurland.com, the profile of the drivers of these vehicles are also a little older than average, which makes it possible to offer more attractive prices. As for the vehicles themselves, like at Dacia, they do not display prohibitive prices, there are few (if any) sports models in the range, and on-board technologies are less advanced than in some competitors. In case of breakdown, and therefore repair, the note is much less salty even if some models embark hybrid engines a bit more elaborate than conventional thermal blocks.
Citroën or Peugeot, Seat or Volvo: who pays the most, who pays the least?
In the ranking established by this comparator, we notice that between two cousin brands, for example Citroën and Peugeot, the prices charged are not the same with a difference of around fifty euros. According to the co-founder of Assurland.com, the explanation is very simple. ” Citroëns are cheaper to buy and are a little less stolen “. Unlike the Peugeot which move upmarket and equal the DS (€ 608). ” In addition, drivers of the Chevron models are older and therefore present less risk of accidents. “. Indeed, with age and experience, premiums decrease. A Citroën thus costs on average 551 € to insure against 607 € for a Peugeot.
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As for Volvo owners, if their vehicles are more expensive to buy, and loaded with technologies, the cost of insurance is still lower than for a… Seat! « Brands do not target the same audience », Says Olivier Moustacakis who adds« chez Seat, we are targeting young drivers (…) the worst configuration in terms of price », He specifies. 18-25 year olds have to spend an average of over € 1,000 to insure a car.
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