Yet Another Reason To Buy a Toyota Prius: Cheap Insurance!

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2010 Toyota Prius

2010 Toyota Prius

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There are many excellent reasons to buy a Toyota Prius, new or used, leading off with the hybrid's superb fuel economy: 50 miles per gallon for the new 2010 Toyota Prius.

Now you can add to that list another justification. It turns out that the Toyota Prius will save you money on insurance.

The insurance site Insure.com calculated average auto insurance premiums for almost 300 different 2009 vehicles. In May 2009, the national average for auto insurance was $1,871.

The average insurance premium for a Toyota Prius, however, was roughly $1,300. It wasn't the least expensive Toyota--that honor went to the Camry sedan, at $1,135--but it was cheaper than both the Corolla sedan ($1,400) and the Tundra pickup truck ($1,325).

The cost difference between the Camry sedan and the Prius hatchback, which has roughly the same interior space, may be due to the slightly higher cost of repairs on the Prius. That differential now appears to be falling, as more hybrids enter the market.

A new study concludes that Prius repairs cost 8.4 percent more than repairs on non-hybrid economy cars.

A new study concludes that Prius repairs cost 8.4 percent more than repairs on non-hybrid economy cars.

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[Insure.com via ToyotaMonitor]

 
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