Thursday, March 18, 2010

Would the price of car insurance on a particular make and model sway you in buying it?

The Top 20 most and least expensive cars to insure among 2010 models.

Last December I wrote an article called “Can you really afford not to check your car insurance policy regularly”. So in keeping with car insurance, did you know that the make and model of a car does make a big difference in how much you pay.

I have to admit as my family considers buying a used car in the future and as a car enthusiast, I have allows wondered what cars are the most and the least expensive to insurance among 2010 models.

So did you know that the least expensive car to insure is a 2010 Dodge Caliber (passenger car), a 2010 Mazda Tribute I (2WD four-door SUV), while a GMC Canyon WT (2WD 2 Door 2.9L) is the least expensive pickup to insure, and the Honda Odyssey LX (5 Door 2WD SOHC) is the least expensive minivan to insure.

Notice in the SUV and truck category that both are 2WD that has an impact as well on the annual price of your car insurance. It cost more to insure a vehicle with 4WD than 2WD. Another consideration in buying a car is how much horsepower the vehicle has and the model’s “loss history”.

However while the average consumer isn’t going to be buying a supercar, and as an auto enthusiast, I’ve allows wondered about insuring a supercar which brings us to the most expensive car to insure, the 2010 Porsche Carrera GT2 two-door coupe. A 40-year-old male would pay a national average of $2,943.78 for car insurance annually.

The least expensive 2010 vehicles to insure

1 Mazda Tribute I 2WD 4 Door Utility 4 Cylinders $1070.25
2 Honda Odyssey LX 5 Door 2WD SOHC Van 6 Cylinders $1095.26
3 Mazda Tribute I 4WD 4 Door Utility 4 Cylinders $1103.29
4 Chrysler Town & Country LX 2WD 4 Door 3.3L Wagon 6 Cylinders $1119.83
5 Jeep Wrangler X 4WD 2 Door 3.8L Utility 6 Cylinders $1124.38
6 Mazda Tribute S 2WD 4 Door Utility 6 Cylinders $1128.29
7 Dodge Grand Caravan SE 2WD 4 Door 3.3L Wagon 6 Cylinders $1131.06
8 Toyota Sienna CE 4 Door Wagon 6 Cylinders $1133.97
9 Hyundai Tucson GLS 2WD 4 Door Utility 4 Cylinders$1134.08
10 Kia Sportage LX 2WD 4 Door Utility 4 Cylinders $1138.41
11 Honda Odyssey EX 5 Door 2WD SOHC Van 6 Cylinders $1139.80
12 Hyundai Santa Fe GLS 4 Door 2WD Utility 6 Cylinders $1141.07
13 Jeep Patriot Sport 2WD 4 Door Utility 4 Cylinders $1145.58
14 Honda CR-V LX 5 Door 2.4L Utility 4 Cylinders $1146.29
15 Dodge Grand Caravan C/V 2WD 4 Door Van 6 Cylinders $1146.53
16 Mazda Tribute S 4WD 4 Door Utility 6 Cylinders $1146.69
17 Toyota Sienna LE 4 Door Wagon 6 Cylinders $1148.78
18 Dodge Journey SE 2WD 4 Door 2.4L Utility 4 Cylinders $1149.59
19 Ford Escape XLS 4WD 4 Door SUV 4 Cylinders $1149.67
20 GMC Canyon WT 2WD 2 Door 2.9L Truck 4 Cylinders $1152.39

The most expensive 2010 vehicles to insure

1 Porsche 911 Carrera GT2 2 Door Coupe 6 Cylinders $2943.78
2 Mercedes S65 AMG 4 Door Sedan 12 Cylinders $2863.03
3 Dodge Viper SRT-10 2 Door Coupe 10 Cylinders $2851.89
4 Porsche Panamera Turbo AWD 4 Door Sedan 8 Cylinders $2837.39
5 Dodge Viper SRT-10 2 Door Convertible 10 Cylinders $2815.90
6 Mercedes CL600 2 Door Coupe 12 Cylinders $2754.80
7 Audi R8 2 Door Coupe AWD 8 Cylinders $2751.55
8 Porsche Panamera S 4 Door Sedan 8 Cylinders $2744.78
9 Mercedes SL600 2 Door Convertible 12 Cylinders $2715.86
10 Porsche 911 Carrera Turbo 2 Door Coupe AWD 6 Cylinders $2706.04
11 Mercedes CL65 AMG 2 Door Coupe 12 Cylinders $2699.74
12 BMW M6 2 Door Convertible 10 Cylinders $2689.13
13 Mercedes S600 4 Door Sedan 12 Cylinders $2667.48
14 Mercedes SL65 AMG Black Series 2 Door Convertible 12 Cylinders $2655.15
15 Mercedes SL65 AMG 2 Door Convertible 12 Cylinders $2653.53
16 Mercedes CL63 AMG 2 Door Coupe 8 Cylinders $2646.92
17 BMW M6 2 Door Coupe 10 Cylinders $2627.27
18 BMW 760Li 4 Door Sedan 12 Cylinders $2565.59
19 Jaguar XKR Portfolio SC 2 Door Coupe 8 Cylinders $2537.79
20 Jaguar XKR Supercharged 2 Door Coupe 8 Cylinders $2533.48

Average car insurance premiums for the top 10 selling vehicles

1 Ford F-Series pickup $1492.71
2 Toyota Camry $1274.61
3 Chevrolet Silverado pickup $1383.10
4 Toyota Corolla $1302.68
5 Honda Accord $1301.20
6 Honda Civic $1362.97
7 Nissan Altima $1399.35
8 Honda CR-V $1161.52
9 Ford Fusion $1354.84
10 Dodge Ram pickup $1467.63

What a list and while some of the vehicles and total have left me scratching my head as to why, what do you think?

(Source: Insure.com)

Disclaimer (from press release): To arrive at the average premiums, Insure.com commissioned a study from Quadrant Information Services that calculated premiums for a 40-year-old male driver (see full profile below) using car insurance rates from six large carriers in 10 ZIP codes per state. Not all models are available for calculating average rates, especially exotic cars, which is why you won't see Bentleys and Lamborghinis on the list - although you can assume those carry hefty insurance bills.

Averages are based on a single 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 coverage. The policy includes uninsured motorist coverage. Rates were averaged across 10 ZIP codes in each state and six major insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.