Insure.com Lists the Most and Least Expensive Cars to Insure
Sifting through countless insurance premiums for almost 300 vehicle models, Insure.com
has released a list of the most expensive and least expensive cars to insure. Factors that contribute to high premiums are the frequency and high cost of claims, and it should also be noted that newer models may be adjusted to lower premiums when more data is gathered. Also noteworthy is the absence of exotic car brands like Ferrari, Lamborghini and Bugatti -- then again, if you could afford one, insurance is probably not that much of a concern.
Topping the list as the most expensive car to insure is the Nissan GT-R -- adding to the high cost of maintenance, as we've seen firsthand. On the other side of the spectrum is the Smart ForTwo, another vehicle in our long-term stable, which registered as one of the least expensive to insure.
- Posted by
- Mark Takahashi June 2, 2009, 9:41 AM
- Permalink
- Categories:
- Auto Insurance, Nissan, Smart
- Technorati Tags:
- Insurance, Nissan GTR, Smart ForTwo
GREAT "shot"!
The big surprises in the Most Expensive list are the S2000 and the Cobalt SS. They are $25-30k cars swimming with a bunch of $60k+ vehicles in that list. You'd be better off allocating more money towards a monthly payment on a more expensive car w/ a lower premium.
Bear in mind that insurers look at loss statistics when they make these decisions. Thus, cars likely to be driven by risk-taking drivers are going to cost more. Cars that are both fast and cheap tend to wind up in the hands of teenage male drivers, who are as a group the dumbest creatures equipped with opposable thumbs.