Expensive Cars to Insure

How does it feel like to drive a Dodge Viper SRT-10 or Porsche 911 Carrera GT2? The chances are that many of us will not even make it inside such cars, forget about driving them. The bright side, however, is that we won't have to pay a fortune that goes into auto insurance when you buy these cars. Basically, car insurance rates depend on various factors, most prominent ones being car value and it's chances of getting involved in an accident. On the basis of these insurance rates you can categorize cars into two broad segments - most expensive and least expensive cars.

Determining the Insurance Cost

The auto insurance companies opt for a thorough statistical analysis of different car models before coming up with insurance rates for them. While a large part of the statistical analysis is related to claims history of the said model, other general factors such as person's driving history and the state in which the person resides are also taken into consideration. Driving safety statistics suggest that full-sized family-sedan-type cars are the safest among various types of cars. Similarly, small-2 door sports cars are most dangerous in the lot, with the tremendous speeds they facilitate. For insurance companies, the rule of the thumb is - lesser the money they have to pay in form of claims, lesser will be the insurance cost of the vehicle.

Most Expensive Cars to Insure

Other than various factors mentioned above, there are several general factors which come into play when determining the insurance rates for a vehicle. These include the state in which you reside, car make, type of car, cost of repairing and replacing the car, person's driving record, driving statistics of the state etc. Among all these factors, 'car model' is perhaps the most important factor, and one look at the table given below will help you determine which are the 10 car models which will cost you a fortune in terms of insurance.

Rank	Car Model	Car Type	Average Premium
1	Porsche 911 Carrera GT2	2 Door Coupe	$2943.78
2	Mercedes S65 AMG	4 Door Sedan	$2863.03
3	Dodge Viper SRT-10	2 Door Coupe	$2851.89
4	Porsche Panamera Turbo	4 Door Sedan	$2837.39
5	Dodge Viper SRT-10	2 Door Convertible	$2815.90
6	Mercedes CL600	2 Door Coupe	$2754.80
7	Audi R8	2 Door Coupe	$2751.55
8	Porsche Panamera S	4 Door Sedan	$2744.78
9	Mercedes SL600	2 Door Convertible	$2715.86
10	Porsche 911 Carrera Turbo	2 Door Coupe AWD	$2706.04

A closer look, and you will realize that most of the cars featuring in this list are 2 door coupes (notorious for their speed) and 4 door sedans (notorious for their value). The least expensive cars to insure, on the other hand, include quite a few minivans and stations wagons. These are the cars which are most often targeted for families, unlike 2 doors coupes and 4 door sedans which are considered more of status symbols. The examples include models like Mazda Tribute I, Honda Odyssey LX, Chrysler Town & Country LX, Hyundai Tucson GLS, etc. The average premium for these cars seldom exceeds the $1200 mark in the United States.

The next time you think about car buying, you can keep these things in mind and opt for a model which won't give you any insurance hiccups. At the end of the day, as Kim Hazelbaker - the Senior VP for the Highway Loss Data Institute (HLDI), puts it "The least expensive vehicles are ones you have to drive and no one wants to. The most expensive list includes cars that people don't have to drive but want to."