While factors such as age, driving history, and credit certainly influence the costs of one’s auto insurance policy, your specific vehicle of choice can also raise or lower your insurance price. According to recent industry reports and evaluations, opting for one of many the top rated luxury vehicles can result in serious excess insurance costs. To find out if you’re paying extra bucks for your top of the line automobile of choice, evaluate the industry’s top 10 most expensive vehicles to insure in 2009.
The Top Ten Most Expensive Vehicles to Insure (2009)
According to research conducted by www.Insure.com, the most expensive vehicles to insure are based on a general comparison of insurance costs for a hypothetical driver with the following credentials: male, 40 years old or up, commutes 12 miles to work, and pays a $500 deductible on comprehensive and collision claims.
- Nissan GT-R
- Dodge Viper
- MBW M6
- Ford Shelby GT500
- Mercedes-Benz G-Class
- Audi S-8
- BMW M-5
- Hummer H2
- Lexus ISF
- Porsche 911
Generally, most of the top ten cars are classified as “sports vehicles,” as options like the Nissan GT-R and the Dodge Viper have gained rave reviews for their speedy, sleek, luxury performance features. The Mercedes-Benz G-Class and the Hummer H2 are technically the only “SUVs” on the top ten list, while the Audi- S-8 is classified as a larger sports utility vehicle.
How to Lower the Price of Your Policy with a High Coverage Vehicle
While these vehicles are considered to be the 10 priciest options to insure, industry experts often remind drivers that opting for unique coverage changes can serve to lower the general insurance payment price. For example, as the insurance prices for the 10 aforementioned vehicles are based on a general coverage plan of 100/300/50, altering these ratios could certainly serve to reduce the annual insurance costs. 100/300/50, which stands for $100,000 for one person’s injury liability, $300,000 for any / all injuries, and $50,000 for property damage, opting for reduced compensation allotments can allow drivers to take on a greater risk of loss (if an accident occurs), yet a greater savings each month or year.
