AUTO INSURANCE ARTICLE

List of Cars with the MOST Expensive Auto Insurance Rates

By: coppeneur

Common wisdom says that when you are buying a new car, you need to consider things such as fuel efficiency, mileage, size, comfort, and its built-in devices such as stereos, and for some higher-end vehicles – GPS car navigation systems. But think again. Maybe you are missing something else? Yes, you got it. Consider the cost of insuring your vehicle.

Your own driving record, the age, status and educational degrees of your household, your ZIP code make the costs in your insurance bill. But without factoring in your personal driving habits and details, your car type and its make have a command on your auto insurance rates. And perhaps the only factor where you can directly act upon with regards to your auto insurance. The Highway Loss Data Institute (HLDI), a non-profit organization, and with support from auto insurance providers, has come up with a list of cars that are expensive to insure.

Cars Expensive to Insure
Car Type	Most Expensive
Small Sports Car	Honda S2000 – 196
Midsize Luxury SUV	Cadillac SRX – 129
Small SUV	Mitsubishi Outlander - 120
Midsize Luxury	BMW M3 – 301
Small Pickups	Mazda B plus 4WD - 160
Small Four-door	Mitsubishi Lancer Evolution 4WD - 437
Midsize Four-door	Nissan Maxima - 137
Large Luxury SUV	Porsche Cayenne - 121

Why are some cars expensive to insure? There are many reasons. One is the collision damage costs should your car into another vehicle. Another is the car’s likelihood to be stolen. Experts in the auto insurance industry say that cars with high premium rates on their heads are either “high horsepower, high dollar or high-costs of repair and maintenance“

Higher horsepower refers to cars that are normally designed to be driven faster and thus have more likelihood of figuring into accidents. Not only that, cars with higher horsepower or bigger builds would probably inflict more damage in a crash. Higher-priced cars, mostly made of aluminum body panels, are more expensive to fix or replace than sheet metal, and owners generally claim a higher claim from damage.

Don’t let this information deter you from buying the car you want. Rather see this as a much-needed information material to prepare you for what lies ahead after you get your choice car. What is highlighted here mainly is that while factors such as your and your household’s demographics, driving record, address and credit history are important parts of an auto insurance rating, a major component affecting your premiums is within your hands.

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