Our cars are often an extension of our personalities. They define our taste and our sense of style and let’s face it, they often just make us look good.
However, our need for fancy cars may also be driving up the cost of our auto insurance. We all know that sports cars cost more to insure, but did you also know that expensive cars also cost much, much more to insure?
It is a smart idea to consider the cost of your auto insurance before purchasing a car. Many individuals don’t take into consideration the cost of auto insurance when budgeting for a car, thereby leaving many new car owners in a bind when it comes time to pay for costly auto insurance.
There are quite a few factors that come into play when an auto insurance company determines auto rates, including: your age, your driving record, where you live, how much you drive and perhaps most importantly, the type of car you drive.
The following cars have been ranked as the most expensive to insure in 2009:
- 1 Lexus IS 300
- 2 Land Rover Discovery Series II
- 3 Audi S4
- 4 Jaguar X-Type
- 5 Mercedes SLK Class
- 6 Lexus GS 430
- 7 Land Rover Freelander
- 8 Mitsubishi Montero
- 9 BMW X5
- 10 Toyota 4Runner
Many times, auto insurance companies take into consideration not only the cost of a vehicle when determining auto insurance rates but also its safety ratings (i.e. how it performs in crash tests); the rate at which it is stolen; the anti-theft features it possesses; and the overall flashiness of the vehicle.
If your vehicle is a high-performance vehicle and is capable to going very fast in a very short period of time, you can bet your car will be more expensive to insure. Regardless of your driving record, an auto insurance company will assume that your behavior behind the wheel of a high-performance vehicle will be more irresponsible than when driving a sedan or a minivan, for example.
Before you purchase your next vehicle, give your auto insurance representative a call to receive an auto insurance quote, as your auto insurance costs may play a role in your decision to purchase a particular vehicle.
