10 Most Expensive Cars to Insure

May 03, 2012 / by / 0 Comment

Expensive Cars to Insure

When we plan to buy a car, there are a lot of things at the back of our minds. We have to take care of the looks, make, model, speed, features and specs, reliability, eco-friendliness and most of all, our budget. It is a hard task to choose a car that best suits our needs and finances. Usually, we forget the most important feature to keep in mind during these planning and that is insurance. We skip this part and when the papers come in front of us, we are nothing less than shocked. To avoid such sudden shock, it is important to keep insurance rates in front of the eyes while planning to buy a car.

In this article, I am going to discuss some of the most expensive cars to insure. It is not for you to choose one from amongst them, but rather to avoid all of those so that you don’t pay too much in lieu of insurance.

Why Do Some Cars Have Higher Insurance Than Others?

This is the question you might be thinking about right now. There are many factors that contribute to higher or lower rates of insurance of cars. Some of these factors include:

  1. The make and model are a huge factor in deciding the rate of insurance. The better the make (and model), the higher the insurance. Go for a not much loved make and model and you will see the difference for yourself.
  2. Driving record of the buyer is also very important fact in determining the insurance of new car. If the driving record shows huge blunders, the rate will be higher. On the other hand, insurance will be lesser if the driving record of buyer is clean.
  3. Higher horse power increases the insurance rate. If the horse power is high, the driver is much likely to drive faster than usual. Fast pace will make him more prone to accidents. This will eventually increase insurance rate for such cars.
  4. If the car is expensive, this will also add to its insurance.
  5. If the car you are about to buy is expensive to repair and its spare parts do not come cheap, this will have high insurance.
  6. Sports cars attract youngsters more than the elderly. Youngsters are more inclined towards rash and thrilling driving. In this way, they are more prone to accidents and fatal injuries. This is why sports cars have high insurance rates.
  7. The more beautiful your car looks, the higher its insurance is.
  8. If your car attracts you, it surely attracts thieves, too. Now, if it attracts thieves, it is prone to be lost. This fact increases insurance for such cars.
  9. If your car is smaller in size, its insurance will be higher. Reason behind this fact is that small cars are usually driven fast than big sedans, and thus are more prone to accidents. This is why, their insurance is higher.
  10. A car that is thieves’ favorite (records show that a particular make and model is being theft multiple times) will get its insurance rates increased by the insurance companies.
  11. You can also hire car insurance broker to help you getting an appropriate car insurance quote for your car.

With all these factors understood, let us discuss about the most expensive cars to insure in current year i.e. 2010.

1. Nissan GT-R:

Average Insurance Premium: $ 2,533

MSRP: $ 80,790 – $ 83,040

This super car stands on top of the list when it comes to most expensive cars to insure in the year 2010. As the above mentioned figures show, insurance premium for Nissan GT-R is really high and above many people’s affordability. This is a Japanese vehicle and GT-R is the fifth generation; though it is considered as the first generation that is available to the Americans. A hand-built 485-hp twin-turbo 3.8-liter V6 powers this car. Other features include rear mounted six-speed dual clutch sequential gearbox and electronic all-wheel drive.

2. Dodge Viper:

Average Insurance Premium: $ 2,446

MSRP: $ 88,590 – $ 89,340

Sleek and distinct in its looks, this is a high end performance sports car. This two door sports car is very powerful and has good name in the market. Its major features include 600-hp 8.4-liter V10 engine, anti lock brakes with front and back vented discs, six speed manual transmission, dual side exhaust, lightweight coil over shock absorbers, power mirrors, windows and door locks with remote keyless entry, high intensity discharge headlamps, and air conditioning.

3. BMW M6:

Average Insurance Premium: $ 2,236

MSRP: $ 102,100 – $ 107,900

When it comes to sporty performance as well as stunning looks, this beautiful car has it all. It is bound to attract sports yet style loving passionate. The car is available either as a convertible or a coupe.

Photo By Ferdinando 66

Photo By Ferdinando 66

4. Ford Shelby GT500:

Average Insurance Premium: $ 2,186

MSRP: $ 46,325 – $ 51,325

Rich in horse power, this modern and stylish chick is formed on the framework of 1960’s design. This trendy yet powerful car stands 4th in our ranking.

5. Mercedes Benz G-Class:

Average Insurance Premium: $ 2,088
MSRP: $ 100,250 – $ 119,450

This off road vehicle looks like it has especially been designed for military use. In fact, it is designed to be used in rugged and craggy outdoor. Along with giving you comfortable drive in rocky paths, this Benz has all necessary luxury features.

Photo By Reventon

Photo By Reventon

6. Audi S8:

Average Insurance Premium: $ 2,071

MSRP: $ 96,200 – $ 96,200

It uses the same engine as that of Lamborghini Gallardo. Packed with all the high end features Audi offers, this luxury sedan is a perfect performance vehicle.

7. BMW M5:

Average Insurance Premium: $ 2,020

MSRP: $ 85,500 – $ 85,500

It performs like an expensive sports car and easily accommodates 5 passengers.

Photo By TVKD

Photo By TVKD

8. Hummer H2:

Average Insurance Premium: $ 1,912

MSRP: $ 63,090 – $ 63,090

It is a Hummer, what else do you want to know? It gives you all; power, design, roughness and huge size.

9. Lexus IS-F:

Average Insurance Premium: $ 1,881

MSRP: $ 56,760 – $ 56,760

This is a great looking performance sedan able of contesting with BMW M3 and its likes.

Photo By DGMiller777

Photo By DGMiller777

10. Porsche 911:

Average Insurance Premium: $ 1,819

MSRP: $ 75,600 – $ 139,300

Want to see what a real sports car looks like? See this Porsche 911.


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