Why does my 2018 Toyota Tacoma cost less to insure than my 2017 Mazda CX-5 if the Tacoma cost more?

I have both a Tacoma and a CX-5. The Tacoma cost $10,000 more to purchase than the CX-5, yet it's far cheaper to insure. Why would a vehicle that cost more be cheaper to insure, even if they both have full coverage?

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Eric Schad
Answered on Apr 23, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“The price you paid for a vehicle doesn’t have nearly as much to do with your policy price as you may think, especially if it’s not a super expensive or rare vehicle.
Other factors that determine the price for your car insurance include:
  • Annual mileage
  • Driving record
  • Where you live
  • Type of vehicle
It shouldn’t come as too much of a surprise that one’s more expensive than the other, especially if the CX-5 is classified as sporty. If you aren’t sure why there is such a discrepancy, call your insurance company to get a definitive answer.”
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