2009 Nissan GT-REnlarge Photo
When you're looking for a new vehicles (maybe you can take advantage of the new Cash For Clunkers Federal incentive), there's more to consider than just the transaction price. Fuel economy, depreciation, and reliability are three key issues that impact a vehicle's total cost of ownership, but a fourth big one is insurance.
The folks at Insure.com recently published a list of the 20 most and least expensive vehicles to insure.
The top quintile of the most expensive vehicles are among TheCarConnection.com's all-time favorite drivers:
The cost to insure these vehicles ranges from $2186 to $2533 per year. The rates are based on a 40-year-old male driver who commutes 12 miles to work, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive. Policy includes uninsured motorist coverage. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.
Because of a lack of quoting data, exotics including Ferraris, Lamborghinis, etc. were left off the list.
At the other end of the spectrum, the four least expensive vehicles to insure are:
Curiously, the top four on this list are Korean. This would be a testament to the low cost of these vehicles and potentially the conservative driving records of their owners as born out by insurance actuarial tables. These vehicles can be insured for under $900 per year.
Search TheCarConnection.com for vehicles that you're interested in, and then check out the source link below to see if your pick is on their list.