The average insurance premium of used cars in the state of Utah is $ 1438 per annum. Salt Lake City is the capital as well as the largest city of the state. It has an average insurance premium of $ 1238 per annum. In the analysis below we compare the insurance average and median price of eight car models in Salt Lake City.
The Ford F-Series which has been in the market for over six decades now has the highest median price ($ 29959) but records the lowest insurance average ($ 1070).
General Motors’ Chevrolet Silverado has the second highest median price ($ 27998) with an insurance average of $ 1083.
The highest insurance average is for Toyota Camry ($ 1337) but it has the lowest median price among all the models ($ 13687). It has the highest insurance percentage (9%) among the eight car models. Camry has a higher insurance average compared to Salt Lake City.
Toyota’s other model – the Corolla has an insurance average of $ 1105 and has a median price of $ 14993, which higher than Toyota Camry’s median price.
Comparing the models by the car manufacturers – the Accord, the Civic, and the CR-V, the CR-V has the highest insurance average and highest median price between the three cars. Below is a table comparing the three models by Honda.
| Model | Insurance average ($) | Median price ($) | Insurance percentage |
|---|---|---|---|
| Honda Accord | 1,198 | 15,000 | 7% |
| Honda Civic | 1,120 | 14,498 | 7% |
| Honda CR-V | 1,327 | 19,000 | 6% |
The Nissan Altima has two notable rivals: the Toyota Corolla and the Honda Civic. Among the three, the Altima has the highest insurance average ($ 1281) and highest median price ($ 15927).
The table below lists the car models with the least insurance average.
| Model | Insurance Average ($) |
|---|---|
| Ford F-Series | 1,070 |
| Chevrolet Silverado | 1,083 |
| Toyota Corolla | 1,105 |
The table below lists the car models with the lowest median price in Salt Lake City.
| Model | Median price ($) |
|---|---|
| Toyota Camry | 13,687 |
| Honda Civic | 14,498 |
| Toyota Corolla | 14,993 |