Yesterday we covered 10 popular vehicles that are relatively cheap to insure. Today, let’s take a closer look at the opposite end of the spectrum.
Here are 10 vehicles that will cost on average more than $2,500/year to insure:
Audi R8 Spyder Quattro ConvertiblePrice: $195-210K
Mercedes CL600 CoupePrice: $147-158K
Porsche Panamera TurboPrice: $139-176K
BMW 760iPrice: $140K
Porsche 911 Turbo ConvertiblePrice: $149K
Jaguar XKR Supercharged ConvertiblePrice: $103K
Audi A8 L QuattroPrice: $124-133K
Mercedes SL550 ConvertiblePrice: $98-105K
Nissan GT-R Coupe TurboPrice: $100-106K
Mercedes S63 AMGPrice: $129-139K
As you can see, all of the vehicles on this list are considered to be either a sports car or a luxury car. Either way, it is easy to realize two things: you can drive these cars very fast and they cost a lot of money to repair. When you consider both of these details, it is easy to see why they make this list. While they are expensive, most don’t make the make the list for the most expensive cars to insure. However, you are more likely to see one of these on the road from time to time.
The thing about insuring high end cars is that consumers that can buy them in the first place often don’t care about how much it will cost to insure. They know what they want and are wiling to pay for it. Of course, there are more people who are frugal with their money and interested in saving as much as possible. Do you fit into this group?
If you are looking to save on the cost of auto insurance, consider one of the 10 vehicles on the first list. You may feel more comfortable with your budget upon buying a car that is cheap to insure.