Most Expensive Cars to Insure: Make and Model Matter
Why your car’s model can cost you a fortune to insure
We are not necessarily thinking about car insurance when we’re looking at that sleek, silver convertible that can get to zero to 60 in less than 4 seconds. But car insurance is exactly what you should be thinking about before you shell out the big bucks for a car that will cost you even more in the long run. You consider horsepower and safety features, you ask about the gas mileage, but you’ve got to do your research on how much car insurance costs for your desired make and model. Some cars yield affordable car insurance; others come with big price tags and big car insurance premiums.
Insurers look at your credit history and your driving record when calculating the cost of your car insurance. But the type of car you are driving is another deciding factor and a car insurance agent will set your car insurance premium accordingly. Reasons for this include:
- Replacement. In the event of near- or total destruction, your car insurance carrier foots the bill for replacing an expensive car (if you’ve got proper coverage).
- Repairs. Maybe your car isn’t an expensive, brand-new model and make. But it might be that repairing the damage or replacing parts of the car is expensive, causing your insurer to hike your car insurance premium.
- You’re young. If a young driver gets behind the wheel of his brand-new sports car with a big pricetag attached, you can bet the car insurance is going to skyrocket. Not only are young drivers big risks to insurance companies, but sports cars are expensive to replace. And doubly dangerous: young drivers are more likely to get carried away and speed (ending up in a crash) when in a sports car.
- Thieves like the shiny new toys. How attractive is your vehicle to a car thief? If your car is one of models that has been reported stolen frequently in the last year, your car insurance premium will reflect that. Let’s not kid ourselves—the average car thief is not going to bother breaking into a beat-up old station wagon with a missing taillight. It’s the new and luxurious cars they want. So insurers charge you more for your car insurance.
- Not so safe. Cars with high safety ratings and great safety features—airbags, anti-lock brakes, automatic seatbelts, etc.—cost less in the car insurance department. And cars with low safety ratings don’t score so well with insurance companies, either. What if a passenger was hurt in your “unsafe” car and took your car insurance carrier to court? Insurers consequently boost up the car insurance costs.
Most expensive cars to insure:
Top 5 Highest Insured Cars:
- Mitsubishi Lancer Evolution
- Mercedes CL-Class
- Dodge SRT-4
- Subaru Impreza WRX
- Jaguar XK convertible
If you’re looking for more affordable auto insurance on your vehicle, shop for and compare auto insurance quotes.
Tips on Car and Auto Insuranse, Car Insurance for Young Drivers Quotes.
Tags: Auto Insurance, Car Insurance, Car Insurance For Women, Car Insurance For Young Drivers Quotes, Car Insurance Fro Young Drivers, Cheap Car Insurance, Low Car Insuranse
