Most and Least Expensive Cars to Insurance
From improving fuel economy to carpooling, some American drivers are looking for ways to save on ownership costs.
However, there are times when you can not do without car insurance. In the 50 US states, there is a law that requires the driver to purchase responsibility insurance and a law that provides "proof of financial responsibility" sufficient to cover claims in case of an accident.
Premium is falling. According to RateWatch, a web site tracking annual average insurance rates in May, the lowest point per unit was $ 1,871 from the nationwide average of 1,982 in October. However, they continue to be major expenditures for the most part. Still, consumers who are concerned about the final thing have options.
2009 modern Santa Fe of 185 hp averages $ 832 premium. This is the lowest in the list that is slightly less than the 300 models under investigation. The average cost of Saturnview is $ 911 per year on average, and Kia Sedna can be covered at an annual cost of $ 857.
Owners of luxury cars such as BMW M5, Mercedes-Benz G-Class and Porsche 911 pay prestige of $ 2,020, $ 2,088, $ 1,819 respectively. However, people driving the Nissan GT-R of $ 80,790, the 2009 motor trend car of the year, will pay an average of $ 2,533 per year. Sports car Supercharged 3.8 liter, twin turbocharger 24 valve V6 engine helped it to the top of the list.
Behind the numbers
Our figures were obtained from Insure.com, a consumer online information clearing house. The company calculated the nationwide average car insurance premium for almost 300 models of 2009 model cars. The average is based on a 40-year-old male driver commuting to work 12 miles. This driver has a $ 100,000 insurance limit for one injury responsibility. In case of an accident, there is a deduction of $ 300,000 for all injuries, $ 50,000 for property damage, collision and comprehensive $ 500 deduction. This policy also includes compensation for uninsured drivers. Rates are averaged in multiple zip codes and insurance companies.
Of course, the car's value says Jack Nellard, editor-in-chief and market analyst at Kelly · Blue Book's director and executive office, as well as driving records of people behind the car, pushing up driver's expenditure .
Other factors such as potential loss may also be affected. For example, according to the Insurance Institute for Highway Safety, Hummer H 2 divides the claim amount per 1,000 people by the average loss payment amount per insurance claim, which is the eighth theft in the United States It was a car. That is also the eighth most expensive means to guarantee our list.
Consumer's comparative ability is another factor as well. Shoppers may know best about large companies with bases all over the country. If you compare prices under these brand names online and independent agencies, you get the best deal. Please compare limits and functions side by side.
The stereotype of the driver also plays an important role. Nerad says expensive, high-performance cars often attract 'dangerous' drivers. Such vehicles are more expensive to repair and exchange when involved in an accident. Likewise, cars such as popular sports cars for younger drivers usually have a higher premium, as young drivers are considered to be more dangerous drivers.
Large vehicles such as SUVs and minivans are likely to be family cars driven by mothers who are historically dangerous drivers. The lower the risk, the lower the loss potential, so the premium will be lower. We guarantee that 8 out of 10 least expensive cars are minivan or SUV.
However, even those who need speed, there is a possibility that insurance premiums will be slightly lower. Along with insurance premiums, the insurance premium rate of last year rose by 8%. Wyoming Province, South Dakota State, Utah State, Idaho Province experienced the greatest decline in May from 9% in Wyoming State to 5.5% in Idaho State.