The Top 10 Most Expensive Cars To Insure
People hanker after fancy cars, save up for them, and then buy them. Suddenly, they get a rude shock when they start to shop around for auto insurance. Fancy cars, fast cars, expensive cars, and sports cars will cost you a pretty penny to insure.
One must think twice before buying fancy cars because insurance could be very steep-these are the top ten in this category! (Mitsubishi Lancer Evolution pictured above)
Our List Of The 10 Most Expensive Cars To Insure
Whatever you do, we advise you to steer clear from purchasing any of the cars in the list below:
10 Most Expensive Cars To Insure: 10 – Jaguar XJ
When one thinks “Jaguar” the word “expensive” immediately comes to mind so it is no surprise this car made its way to our list! Besides being very fast, this vehicle is also very expensive ($35,000-$100,000, depending on the year.) The cost and speed of this car make it pricey to insure.
10 Most Expensive Cars To Insure: 9 – Nissan 350Z
This small car is a favorite with youngsters who love its sleek lines and speed. Insurance companies like to charge high rates for this beauty.
10 Most Expensive Cars To Insure: 8 – Acura RSX
The small size of this car makes it likely to suffer great damage in an accident. That is why you would pay a higher premium for it though the car is not so expensive.
10 Most Expensive Cars To Insure: 7 – Honda S200
This is one of the smallest cars on the market and this brings your premium up.
10 Most Expensive Cars To Insure: 6 – Lexus IS300
Put a young driver behind the wheel of this car and it becomes a high risk to an insurance company though the car has many safety features. This is because of its speed.
10 Most Expensive Cars To Insure: 5 – Jaguar XK
This beauty of a car put out by this Ford owned company is incredibly gorgeous to look at, very fast, and extremely expensive. It would cost an arm and a leg to repair it. This winning combination makes it high risk in auto insurance companies’ books! So you can expect to pay high premiums for the luxury of owning this car. It may be better to own a picture of it instead!
10 Most Expensive Cars To Insure: 4 – Subaru Impreza WRX
With its relatively low cost and high horsepower, this car is a favorite of car tuners and young speedsters alike: it meets a variety of needs! Its replacement parts cost a lot. It is compared to the Mitsubishi Lancer Evolution but is less expensive to insure because of its safety features.
10 Most Expensive Cars To Insure: 3 – Dodge SRT-4
This is a very flashy car and it is thus most likely to get vandalized. It is one of the fastest cars that it is legal to sell for street use! It is one of the most expensive cars around, making it a darling of auto insurance companies.
10 Most Expensive Cars To Insure: 2 – Mercedes CL
The Mercedes CL is fast as well as expensive and this makes it one of the most expensive cars to insure.
10 Most Expensive Cars To Insure: 1 – Mitsubishi Lancer Evolution
This car is fast and small, so it throws up immediate red flags to any insurance company. Drivers of this car find themselves in the most number of accidents. Despite the low cost of the Lancer Evo in relation to other cars, it is still #1 on the most expensive cars to insure list. This is because of its phenomenally high speed and its quick acceleration which a lot of drivers might not be used to and some misuse these features. These are the reasons for its being so accident-prone and thus, the most expensive car to insure. I would steer clear of it!
It is good to have desires. But if you are budgeting for a fancy car, please also budget for the auto insurance policy. You should do a cost-benefit analysis before you buy and ask yourself whether it is really worth it. Shelling out large sums of money every month might take some of the luster out of that dream car. It’s up to you to figure that out.