Insure.com’s List of Most & Least Expensive Vehicles to Insure in 2010

Posted By Venus V

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Purchasing an auto insurance is one of the most important aspects to consider while buying a car. While some amongst us have the few extra bucks to throw outta the window, a vast majority of the us dont live a life with that kind of luxury. Often times, your love for that dream car blinds you from the monthly bills that pile up in your mailbox, and by the time you realize that you simply cannot afford to make those payments, you’re in a deep pile of s***. Hence, you might be doing yourself a favor by researching this often overlooked factor, and Insure.com’s list of the most and least expensive vehicles sure does play its part in helping you make a decision.

According to the report, the Porsche Carrera GT2 two-door coupe, with an average national premium of $2,943.78, is the proud winner of the bragging rights for being the most expensive vehicle to insure among all the 2010 models. Coming in second is the Mercedes S65 AMG at an avg national premium of $2863.03, while the Dodge Viper SRT-10 coupe, Porsche Panamera Turbo AWD and Dodge Viper SRT-10 convertible round off the top five positions in the most expensive vehicles to insure list.

If you’re surprised to see the likes of Bentley and Lamborghini missing from the list, Insure.com states that all the models were not available for the rate comparisons during its research. Hard luck there!

Rank	Make and Model	Style & Type	Cylinders	Avg. National Premium
1	Porsche 911 Carrera GT2	2 Door Coupe	6	$2943.78
2	Mercedes S65 AMG	4 Door Sedan	12	$2863.03
3	Dodge Viper SRT-10	2 Door Coupe	10	$2851.89
4	Porsche Panamera Turbo AWD	4 Door Sedan	8	$2837.39
5	Dodge Viper SRT-10	2 Door Convertible	10	$2815.90
6	Mercedes CL600	2 Door Coupe	12	$2754.80
7	Audi R8	2 Door Coupe AWD	8	$2751.55
8	Porsche Panamera S	4 Door Sedan	8	$2744.78
9	Mercedes SL600	2 Door Convertible	12	$2715.86
10	Porsche 911 Carrera Turbo	2 Door Coupe AWD	6	$2706.04
11	Mercedes CL65 AMG	2 Door Coupe	12	$2699.74
12	BMW M6	2 Door Convertible	10	$2689.13
13	Mercedes S600	4 Door Sedan	12	$2667.48
14	Mercedes SL65 AMG Black Series	2 Door Convertible	12	$2655.15
15	Mercedes SL65 AMG	2 Door Convertible	12	$2653.53
16	Mercedes CL63 AMG	2 Door Coupe	8	$2646.92
17	BMW M6	2 Door Coupe	10	$2627.27
18	BMW 760Li	4 Door Sedan	12	$2565.59
19	19 Jaguar XKR Portfolio SC	2 Door Coupe	8	$2537.79
20	20 Jaguar XKR Supercharged	2 Door Coupe	8	$2533.48

At the other end of the spectrum is the Mazda Tribute I (2WD four-door SUV) — the least expensive vehicle to insure in 2010. The 2010 Dodge Caliber takes the distinction of being the least expensive car to insure, while the GMC Canyon WT (2WD 2 Door 2.9L) is the least expensive pickup to insure. The family-oriented Honda Odyssey LX (5 Door 2WD SOHC) comes across as the least expensive minivan to insure.

Rank	Make and Model	Style & Type	Cylinders	Avg. National Premium
1	Mazda Tribute I	2WD 4 Door Utility	4	$1070.25
2	Honda Odyssey LX	5 Door 2WD SOHC Van	6	$1095.26
3	Mazda Tribute I	4WD 4 Door Utility	4	$1103.29
4	Chrysler Town & Country LX	2WD 4 Door 3.3L Wagon	6	$1119.83
5	Jeep Wrangler X	4WD 2 Door 3.8L Utility	6	$1124.38
6	Mazda Tribute S	2WD 4 Door Utility	6	$1128.29
7	Dodge Grand Caravan SE	2WD 4 Door 3.3L Wagon	6	$1131.06
8	Toyota Sienna CE	4 Door Wagon	6	$1133.97
9	Hyundai Tucson GLS	2WD 4 Door Utility	4	$1134.08
10	Kia Sportage LX	2WD 4 Door Utility	4	$1138.41
11	Honda Odyssey EX	5 Door 2WD SOHC Van	6	$1139.80
12	Hyundai Santa Fe GLS	4 Door 2WD Utility	6	$1141.07
13	Jeep Patriot Sport	2WD 4 Door Utility	4	$1145.58
14	Honda CR-V LX	5 Door 2.4L Utility	4	$1146.29
15	Dodge Grand Caravan C/V	2WD 4 Door Van	6	$1146.53
16	Mazda Tribute S	4WD 4 Door Utility	6	$1146.69
17	Toyota Sienna LE	4 Door Wagon	6	$1148.78
18	Dodge Journey SE	2WD 4 Door 2.4L Utility	4	$1149.59
19	Ford Escape XLS	4WD 4 Door SUV	4	$1149.67
20	GMC Canyon WT	2WD 2 Door 2.9L Truck	4	$1152.39

In order to provide these results, Insure.com commissioned a study from Quadrant Information Services that calculated the average premiums for a 40-year old male driver, using car insurance rates from six of the most prominent insurance carriers (State Farm, Allstate, Progressive, GEICO, Farmers and Nationwide) in 10 ZIP codes per state. Rates are calculated based on a 12 mile commute to work, and policy limits of $100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident, along with a $500 deductible on collision and comprehensive coverage.

Kim Hazelbaker, senior vice president of the Highway Loss Data Institute (division of the Insurance Institute for Highway Safety), remarked that the profile of the average person who drives a particular model is a major factor in influencing the average premiums for a vehicle, as the pricing for collision and comprehensive coverage were based on the model’s “loss history”. For instance, a twenty-something male driving a small car is more prone to a higher insurance, than a “soccer mom” who is considered to be a safer driver.

He further added that car insurance rates tend to rise with horsepower. “ The [600hp] Carrera is a race car in street clothing. And they’re being driven on occasion by people using this horsepower. And these are expensive vehicles, $100,000 and up, so if you have a total loss, that’s a big factor [in insurance rates],” he said.

Please note that the conclusions stated are drawn off several limiting factors, and the rates could vary based on a variety of personal factors. Feel free to check out more details on this car insurance comparison ^[2] directly at insure.com.

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[2] car insurance comparison: http://www.insure.com/car-insurance/cheap-car-insurance-2010.html