What Are the Most Expensive Cars to Insure? 11 Things That Make Auto Insurance Rates Soar

What are the most expensive cars to insure? Interestingly, owning an inexpensive car does not mean that your car insurance will be cheap. On the other hand, owning an expensive vehicle doesn't mean that your insurance will cost you an arm and a leg.

• The type of car you drive and it's claim history has a greater impact on what you will pay for insurance than does the actual cost of the car you're insuring.
• For example, if a certain car has a record of being stolen more often than others, if its repair costs are relatively high, or if it's been in more accidents than the norm, auto insurance premiums for that car will be considerably higher than average.

Your car insurance premiums are based on several factors. The most important are:

1. It's sticker price. The more expensive the car, the more it cost to replace it.

2. It's repair costs. More technologically advanced cars are usually more expensive to repair.

3. Whether it's stolen more often than others. For example, the Toyota Camry and the Honda Accord are the two autos that are stolen the most. If you live in an area with high auto theft rates your premiums will probably be higher.

4 - 6. The year, weight and vehicle type. The more powerful the car, the higher your premiums will be. High performance vehicles, sports cars, and luxury cars are in the highest loss category along with light vehicles because they have the highest death rates. Station wagons and passenger vans are categorized as having the lowest losses for vehicle damage, while although trucks and SUVs will generally have less damage in a collision, they will cause more damage and therefor their liability rates will be higher.

7. Where you live. If you live in a state that has had a lot of insurance fraud, such as Florida, New York, or Massachusetts, your insurance rates will be higher.

8 - 11. Your age, your gender, your driving record and your credit rating. If you are young, male, and have a poor driving record your insurance will be a lot higher than if you are a middle aged woman with a clean driving record.

So, one of the most expensive cars to insure would be a light weight, high performance sports car that's expensive, technologically advanced and have a history of being stolen often. Now if it's driver is a 19 year old male with a history of accidents who lives in New York City the car insurance premiums might bear a striking resemblance to the gross national product of a small undeveloped country.

Whether it's one of the most expensive cars to insure or one of the most affordable cars to insure, click here to find out 3 Simple Ways to Find Cheaper Car Insurance Without Sacrificing Superior Service or just go to http://www.CheapOnlineCarInsurance.org

(c) Copyright - Mike Irons. All Rights Reserved Worldwide.