Why Care About Auto Insurance Costs?
We published a very popular article awhile back. That article covered some of the cheapest cars to insure. Now we are taking some recent data to cover some of the most expensive cars to insure. We hope you find this article as useful as the other one!
While most people do not consider the cost of auto insurance when they purchase a new (or used) car, it is a very important thing to think about. If you are allocating a certain amount of money towards your monthly auto loan payments, and forget about a rise in your premiums, you will not be doing your budget a good turn!
What Makes Cars Cost More to Cover?
A lot of it is based upon a loss rating, as published by the Insurance Institute for Highway Safety (IIHS). Some cars just tend to cause bigger claims. They may be involved in more wrecks, or may just cost more to repair when they are damaged. They may also be prime targets for theft. Multiple factors go ino this rating, but if you are looking for cheaper car insurance, those factors should be minimized or avoided!
List of 10 Most Expensive Vehicles to Buy Auto Insurance Policies For Right Now
1. Subaru Impreza WRX
2. Scion tC
3. Hyundai Tiburon
4. Mercedes CLS class 4dr
5. Suzuki Forenza
6. Honda Civic Si
7. Dodge Charger
8. Nissan 350z
9. Chevrolet Cobalt
10. Suzuki Reno
Ten Better Cheaper Cars to Insure
1. Buick Rendezvous
2. Pontiac Solstice
3. Buick Terraza
4. Honda Odyssey
5. Mazda MX-5 Miata
6. Subaru Outback
7. Ford Five Hundred
8. Volvo V70
9. Chrysler Town & Country
10.Chevrolet Corvette Convertible
Is it the Driver or the Car That Impacts Insurance Company Ratings?
So you may think that these loss ratings will always favor one type of car over another, but that is just not true. Some people assume large SUVs are safer, and while that can be true, we have found that consstruction of the actual vehicle is more important than the type of vehicle.
You see a sports car on the cheapest list, while you see a sedan like the Subaru WRS on the top most expensive list. And of course, while a clean driving record will not protect you from more charges, the group of drivers who tend to buy a certain type of car may matter. For instance, the type of driver who is attracted to a higher horsepower vehicle may affect the claims rate. It is all complicated, and that’s why a list really helps!
You can look at the current IIHS data here.
Easy Way to Find Insurance Costs of Your Car
You can, of course, run an online quote to see how this ratings, and your own driving record, will impact your cost.
Go here => Price Comparison Auto Insurance
What else will affect your premium costs? You may realize that insurers use many details to come up with a premium for you. These include your driving history, where you live, how you drive your vehicle, the type of vehicle, and sometimes, even your credit report. You really need to get an individual quote before you can make a good decision.
Find cheap car insurance quotes online.
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