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General Forums => The O' Club => Topic started by: Ripsnort on August 03, 2004, 08:18:14 PM

Title: 10 most expensive cars to insure in the U.S.
Post by: Ripsnort on August 03, 2004, 08:18:14 PM

Rip-n-paste:

Most expensive cars to insure
By Prakash Gandhi • Bankrate.com

It doesn't take a rocket scientist to identify which cars would cost the most to insure -- start with the Ferraris, Lamborghinis and Porsches. Duh!

But they're limited-production cars and people who own them certainly are not concerned about the price of insurance.

We've gone a step further, also bypassing other obviously expensive-to-insure lines such as the Mercedes, Jaguar, Corvette, BMW, Cadillac and Lexus.

Instead, here's a rundown on the most expensive cars to insure that the average American might be driving or considering for their next purchase -- those that cost less than $40,000 -- as researched by Runzheimer International, a Rochester, Wis., consulting firm which reviewed insurance costs on vehicles priced under $40,000.


Model, Annual Premium, Value
Ford Mustang GT convertible $2,363 $28,640
Honda S2000 convertible $2,363 $33,250
Chrysler Sebring $1,788 $24,045
Toyota Celica GTS $2,114 $22,750
Mitsubishi Eclipse Spyder GTS convertible $2,114 $27,144
Dodge Neon SRT-4 $2,028 $20,955
VW Passat W8 $1,856 $39,735
Honda Civic Hatchback $1,788 $19,560
Subaru Impreza WRX AWD Turbo $1,788 $25,170
Volkswagen GTI VR6 $1,788 $22,070

(Rate estimates are based on liability coverage of $100,000 per person, $300,000 per incident for bodily injury and $50,000 for property damage; $100,000 and $300,000 for uninsured motorist coverage; and deductibles of $250 for comprehensive coverage and $500 for collision.)

Title: Re: 10 most expensive cars to insure in the U.S.
Post by: crowMAW on August 03, 2004, 10:10:12 PM

Quote

Originally posted by Ripsnort
Most expensive cars to insure

--> Honda S2000 convertible $2,363 $33,250

Don't I know it. :(

Title: 10 most expensive cars to insure in the U.S.
Post by: Airhead on August 03, 2004, 10:48:03 PM

PL and PD on my 1974 Pinto Hatchback costs me 212.00 a year. Luckily I have an automatic transmission cause the standard 4 speed would cost me an additional hundred dollars a year and I'd be better off buying a bus pass.

Title: 10 most expensive cars to insure in the U.S.
Post by: Gixer on August 04, 2004, 12:51:45 AM

How much does it cost to insure a bike in the US? My GSX-R 1000 K3 is $1100 NZD a year here and thats including a 60% no claims.




...-Gixer

Title: 10 most expensive cars to insure in the U.S.
Post by: DrDea on August 04, 2004, 02:20:25 AM

Honda 1999 Shadow Ace Tourer.Fully Insured, 450$ a year.Im an excelent driver.:)

Title: 10 most expensive cars to insure in the U.S.
Post by: FUNKED1 on August 04, 2004, 04:51:27 AM

Not surprisingly, it's basically a list of the quickest cars under $40k.

Title: 10 most expensive cars to insure in the U.S.
Post by: Wolfala on August 04, 2004, 05:08:19 AM

Thats an awefully low coverage for property damage - $50,000.00  Also doesn't take into account the age of the driver.

Title: 10 most expensive cars to insure in the U.S.
Post by: beet1e on August 04, 2004, 05:35:04 AM

I've owned two of the cars in Ripsnort's list.  Clearly the driver's age plays a major part in the insurance risk assessment, but this is not shown.

An additional factor to consider is the stipulation made by some insurance companies that a tracking device be fitted to the vehicle. I had to have Tracker on my previous car, and had to send the installation certificate to the insurance company to validate the policy. Cost was £300 for the initial fitment, plus £100 annual subscription.

Title: 10 most expensive cars to insure in the U.S.
Post by: Ripsnort on August 04, 2004, 07:18:00 AM

Quote

Originally posted by Airhead
PL and PD on my 1974 Pinto Hatchback costs me 212.00 a year. Luckily I have an automatic transmission cause the standard 4 speed would cost me an additional hundred dollars a year and I'd be better off buying a bus pass.

It costs me $250 a year to insure my '97 F250 4x4.  Must be location, eh?

Title: 10 most expensive cars to insure in the U.S.
Post by: storch on August 04, 2004, 07:19:01 AM

Quote

Originally posted by Airhead
PL and PD on my 1974 Pinto Hatchback costs me 212.00 a year. Luckily I have an automatic transmission cause the standard 4 speed would cost me an additional hundred dollars a year and I'd be better off buying a bus pass.

:rofl an unexploded pinto :rofl

Title: 10 most expensive cars to insure in the U.S.
Post by: Sixpence on August 04, 2004, 07:24:31 AM

Quote

Originally posted by Ripsnort
It costs me $250 a year to insure my '97 F250 4x4.  Must be location, eh?

Wow, $1400.00 here. 99 dodge caravan.

Title: 10 most expensive cars to insure in the U.S.
Post by: Ripsnort on August 04, 2004, 08:31:57 AM

Quote

Originally posted by Sixpence
Wow, $1400.00 here. 99 dodge caravan.

My apologies, its $250 every 6 months, $500 a year.  Its got full collision, 50/100/300 policy and $500 deductible, listed as driven 5,000 miles a year.  (AIG insurance)

Title: 10 most expensive cars to insure in the U.S.
Post by: pugg666 on August 04, 2004, 08:36:32 AM

$500 here for a 2001 sunfire gt.

Title: 10 most expensive cars to insure in the U.S.
Post by: Nashwan on August 04, 2004, 09:03:07 AM

Quote

Its got full collision, 50/100/300 policy and $500 deductible

Quote

Rate estimates are based on liability coverage of $100,000 per person, $300,000 per incident for bodily injury and $50,000 for property damage;

Does this mean in an accident, the maximum your insurance will pay out if you hit another car is $50,000, and if you hit and injure people, a maximum of $300,000?

What happens if you do more damage than that? (Compensation for killing another person of $100,000 seems far below what their dependents could expect in a payout)

Title: 10 most expensive cars to insure in the U.S.
Post by: Edbert on August 04, 2004, 09:48:26 AM

Quote

Originally posted by Nashwan
Does this mean in an accident, the maximum your insurance will pay out if you hit another car is $50,000, and if you hit and injure people, a maximum of $300,000?

What happens if you do more damage than that? (Compensation for killing another person of $100,000 seems far below what their dependents could expect in a payout)

Those are base coverage ammounts, if you have anything worth being sued for you should definitely raise your coverage accordingly. Something good about being a turnip eh?

Bikes are cheaper to insure becasue they do not do as much damage to the things they hit as cars do. My F1504X4 costs me more to insure than my Mustang Cobra does, largely for that reason. The Cobra is only $1K per year for 100/200/500 and a 500 deductible, so Beetle is right about age playing a big part. At least here a persons credit rating has a big impact on insurance rates, don't know why but I'd guess it has to do with one's overall demonstration of responsible activity...dunno.

Title: 10 most expensive cars to insure in the U.S.
Post by: J_A_B on August 04, 2004, 10:21:33 AM

Wow, all but two of the cars on that list are horrible.




J_A_B

Title: 10 most expensive cars to insure in the U.S.
Post by: beet1e on August 04, 2004, 10:32:38 AM

Quote

Originally posted by J_A_B
Wow, all but two of the cars on that list are horrible.

Yep, those were the two I had. :D

Title: 10 most expensive cars to insure in the U.S.
Post by: FUNKED1 on August 04, 2004, 11:46:40 AM

I've also owned two of the cars on the list.  I've never paid more than half of the premiums they show there, and that was only after getting a series of speeding tickets.

Title: Re: 10 most expensive cars to insure in the U.S.
Post by: -MZ- on August 04, 2004, 12:11:29 PM

Quote

Originally posted by Ripsnort
Ford Mustang GT convertible $2,363 $28,640

I have one, and pay $800 something for it.  My limits arent't that high though, and I fight every ticket.  I think I've been to traffic school about 6 times.

Title: 10 most expensive cars to insure in the U.S.
Post by: Wolfala on August 04, 2004, 07:53:58 PM

Acura TSX - 2300 a year on a dividend policy which you pay 2800 initially but get a refund check for the difference after 12 months. Through Amica.

Title: 10 most expensive cars to insure in the U.S.
Post by: Excel1 on August 04, 2004, 08:42:26 PM

1968 Ford Mk4 Zephyr,repowered with a 351 Cleveland V8. Full cover for $170 per year, insured for $10k.

Excel

Title: 10 most expensive cars to insure in the U.S.
Post by: Wadke on August 04, 2004, 11:07:42 PM

$400.00 here for 1999 Ford Ranger XLT Supercab 4x4

Title: 10 most expensive cars to insure in the U.S.
Post by: storch on August 05, 2004, 06:01:20 AM

Those sound like Miami, Florida premiums arguably the highest in the country.