CoverHound is unveiling a brand new metric here on WOT called Insurance Over Sticker (IOS) — the number represents the common cost of insuring a brand new model or make for a year, divided by its sticker price. The price of insurance is frequently an afterthought when considering the financials of a brand new car purchase or lease – but with this metric it doesn’t have to be that way anymore.

So which vehicle makes have the bottom IOS ratios Listed here are the head 10 vehicle makes, that specialize in vehicles with average MSRPs under $30,000; the typical IOS ratio for all vehicles on this dataset (2011-2013 makes only) was 5.8 percent.

10. Hyundai 6.6%
9. Honda 6.6%
8. Kia 6.3%
7. Nissan 6.2%
6. Mazda 5.8%
5. Ford 5.5%
4. Volkswagen 5.5%
3. Toyota 5.0%
2. Chevrolet 4.9%
1. Mini 4.1%

In the past, car insurance insights and prognostications in regards to the cost to insure certain vehicle have trusted four variables: safety ratings, rates of theft, cost to switch parts and damage susceptibility.

On the grounds that, It shouldn’t be an excessive amount of of surprise that Mini ranks on the top with the bottom IOS ratio; last year, we matched insurance costs of the Cooper against those of the Prius and located the Mini had lower insurance costs. The Toyota brand is additionally a winner here. Our friends at Intellichoice love Toyota too, naming it the neatest Overall Brand in its class for 2012.

Instead of piecing together the whole different facts and figures swirling around thefts and safety, the list above shows the precise average amounts each make costs to hide, relative to its sticker price and in juxtaposition to other makes. Yes, Ford and Chevrolet each offer cars with parts that cost an identical amount to switch, but now we will say definitively that, in keeping with our data, on average, Chevrolets cost less to hide.

These differences is additionally dozens of greenbacks every month, totalling hundreds every year — an important amount which could certainly help a family’s final analysis.

Methodology

Insurance Over Sticker (IOS) is a proprietary metric created by CoverHound, which recently announced that the corporate has raised $4.5 million in series A financing from investors including RRE Ventures and Bullpen Capital. With help from existing investor Blumberg Capital, funding totals $6.5 million.

CoverHound insurance pricing data is stated on an annual basis and is generated using real customer data using segments with similar profiles (single car and currently insured);  Vehicles include 2011-2013 models; The MSRP figures are provided by DataOne Software.