Part of the expense of owning and operating a motor vehicle is the cost of insuring it, but how much is paid for insurance will depend on a number of factors, not least among them is the value of the vehicle and the likelihood that it will be involved in an accident. What car is the least expensive to insure? Insure.com says it is the Mazda Tribute I, while the Porsche Carrera GT takes the top spot for the most expensive car to insure in 2010.
Perhaps the factor that most affects the cost of insuring a vehicle is who the driver is, and how much horsepower the vehicle has. Inexperience and horsepower is a combination that insurance companies generally try to avoid, as more horsepower often translates into higher speeds, combine that with the exuberance of a youth and we have an accident waiting to happen. At least that seems to be the general opinion of most insurance companies.
While many young male drivers may not be able to afford high priced and high horsepower automobiles such as Ferraris and Porches, they can still afford fast alternatives in models such as the Mitsubishi Lancer Evolution, Acura RSX and the Subaru Impreza WRX. It is therefore no wonder that these cars often make the top ten list of most expensive cars to insure for young drivers, despite the fact that they aren’t super expensive.
Most Expensive Cars to Insure in 2010
Insure.com has a yearly ranking of the least and most expensive cars to insure, based on make, model, type, style, and number of cylinders. These figures are based on the national average cost of insuring a vehicle driven by a 40-year-old male who has a good record. Here is the list of the most expensive vehicles to insure for 2010:
- Porsche 911 Carrera GT - $2,943.782
- Mercedes S65 AMG - $2,863.03
- Porsche Panamera Turbo AWD - $2,837.39
- Mercedes CL600 - $2,754.80
- Audi R8 - $2,751.55
- Porsche Panamera S - $2,744.78
- Mercedes SL600 - $2,754.8
- Porsche 911 Carrera Turbo - $2,706.04
- Mercedes CL65 AMG - $2,699.74
- BMW M6 - $2,689.13
One of the factors that affect the cost of auto insurance is the cost of repairing and replacing the vehicle. Insurance companies charge extra to insurance high-end vehicles because the cost to repair any damage caused by an accident can be pretty high. If the insurance company is unfortunate enough to be underwriting one of the vehicles on the top 10 most expensive to insure list, they may have to payout more than $100k if the vehicle is a complete written-off.
Least Expensive Cars to Insure in 2010
Cars that have the lowest cost to insure are generally family-oriented vehicles, such as those that are driven by ‘soccer moms.’ These often include minivans and stations wagons that have low or moderate amounts of horsepower. Here is the list:
- Mazda Tribute I - $1,070.25
- Honda Odyssey LX - $1,095.26
- Mazda Tribute I - $1,103.29
- Chrysler Town & Country LX - $1,119.83
- Mazda Tribute S - $1,128.29
- Dodge Grand Caravan SE - $1,131.06
- Toyota Sienna CE - $1,133.97
- Hyundai Tucson GLS - $1,134.08
- Kia Sportage LX - $1,138.41
- Buick Lacrosse CX - $1,204.23
It is important to remember that these lists represent the average premium that a 40 year old male with good credit can expect to pay for insurance. Therefore, it is possible for some people to get better rates that those quoted, but they must shop around to get the best auto insurance quote.
Steve McFarlane - I am a professional freelance writer who is passionate about bringing quality and relevant content to my audience of readers. I strive to ...
Join the Conversation