Thinking you’ve scored a great deal by buying a smaller, cheaper car might not be entirely correct, as one report indicates owners of such vehicles might end up paying more in insurance than some of their fellow drivers.

A Time Moneyland article sums it all, using an Insure.com list of the most and least expensive cars in 2012 to insure. Of course, anyone owning a speedy, fancy luxury car is going to pay a premium, because those car owners often have a need for speed and speed often leads to crashing. There’s also the fact that they can be more expensive to repair and harder to find the right parts for when something breaks.

But because people who buy compact or cheaper new cars tend to be driven by younger drivers with no kids, and typically in urban areas where there are more opportunities for accidents and theft than elsewhere, those insurance rates are also very high. And if you get into a collision in a compact car, a lot of damage is going to be done to the vehicle.

The cheapest rates are for larger, sturdier vehicles like minivans, SUVs and trucks that are often driven in more rural or suburban areas, and can handle an accident better than their smaller vehicular counterparts.

Oh, the Cruel Irony: Smaller, Cheaper Cars Are More Expensive to Insure [Time Moneyland]
Car insurance comparison: The most and least expensive 2012 vehicles to insure [Insure.com]

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