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

| March 17, 2010 at 8:39 pm
News

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!

RankMake and ModelStyle & TypeCylindersAvg. National Premium
1Porsche 911 Carrera GT2 2 Door Coupe6$2943.78
2Mercedes S65 AMG4 Door Sedan12$2863.03
3Dodge Viper SRT-102 Door Coupe10$2851.89
4Porsche Panamera Turbo AWD 4 Door Sedan8$2837.39
5Dodge Viper SRT-102 Door Convertible10$2815.90
6Mercedes CL6002 Door Coupe12$2754.80
7Audi R82 Door Coupe AWD8$2751.55
8Porsche Panamera S4 Door Sedan 8$2744.78
9Mercedes SL6002 Door Convertible 12$2715.86
10Porsche 911 Carrera Turbo 2 Door Coupe AWD6$2706.04
11Mercedes CL65 AMG2 Door Coupe12$2699.74
12BMW M62 Door Convertible10$2689.13
13Mercedes S6004 Door Sedan12$2667.48
14Mercedes SL65 AMG Black Series2 Door Convertible12$2655.15
15Mercedes SL65 AMG2 Door Convertible12$2653.53
16Mercedes CL63 AMG2 Door Coupe8$2646.92
17BMW M62 Door Coupe 10$2627.27
18BMW 760Li
4 Door Sedan 12$2565.59
1919 Jaguar XKR Portfolio SC
2 Door Coupe 8$2537.79
2020 Jaguar XKR Supercharged2 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.

RankMake and ModelStyle & TypeCylinders Avg. National Premium
1Mazda Tribute I2WD 4 Door Utility4$1070.25
2Honda Odyssey LX5 Door 2WD SOHC Van6$1095.26
3Mazda Tribute I4WD 4 Door Utility4$1103.29
4Chrysler Town & Country LX2WD 4 Door 3.3L Wagon6$1119.83
5Jeep Wrangler X4WD 2 Door 3.8L Utility6$1124.38
6Mazda Tribute S2WD 4 Door Utility6$1128.29
7Dodge Grand Caravan SE 2WD 4 Door 3.3L Wagon6$1131.06
8Toyota Sienna CE4 Door Wagon6$1133.97
9Hyundai Tucson GLS2WD 4 Door Utility4$1134.08
10Kia Sportage LX2WD 4 Door Utility4$1138.41
11Honda Odyssey EX5 Door 2WD SOHC Van6$1139.80
12Hyundai Santa Fe GLS4 Door 2WD Utility6$1141.07
13Jeep Patriot Sport2WD 4 Door Utility4$1145.58
14Honda CR-V LX5 Door 2.4L Utility4$1146.29
15Dodge Grand Caravan C/V2WD 4 Door Van6$1146.53
16Mazda Tribute S4WD 4 Door Utility6$1146.69
17Toyota Sienna LE4 Door Wagon 6$1148.78
18Dodge Journey SE2WD 4 Door 2.4L Utility4$1149.59
19Ford Escape XLS4WD 4 Door SUV4$1149.67
20GMC Canyon WT2WD 2 Door 2.9L Truck4$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 directly at insure.com.





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3 Comments

  1. Dan March 19, 2010

    I find it quite curious that all, yes, all cars listed as 'cheapest' are SUVs, trucks, or vans. Is there something inherently safer about that type of vehicle? Is that why people prefer to drive SUVs even though they consume more fuel?

  2. Andrew March 19, 2010

    I think the major factor is exactly what's stated in the article: "the profile of the average person who drives a particular model is a major factor in influencing the average premiums for a vehicle". I.e. the more you need to haul around on a daily basis (i.e. a family or business), the safer you tend to drive. It makes this chart pretty useless for any given person trying to decide what car to buy, since it doesn't hold the driver type fixed. I'm pretty sure that for a given driver, smaller cars tend to have cheaper insurance. (Typically lower cost to replace, generally less expensive to fix, cause less damage in an accident, but are more easily damaged in an accident), as long as they're not "theft magnets" or "hot rods".

  3. Andy April 20, 2010

    Holy crap the Porsche is expensive!

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