How to save
Car Models: High and Low UK
Beyond the initial
purchase cost of the car itself, a considerable and endless car expense is
insurance. The cost of UK insurance premiums can make one car model more or less
expensive than another model. Consider these factors before purchasing.
Car insurance accounts for the driver profile and the car profile. An adult
male, age 40, with a deductible of $500 will likely be assessed as having a
unique risk profile from others, such as those who are younger, less drive time,
different auto uses, driving in different areas, or who elect a different
The car profile
includes such factors as the model theft rate, parts reliability, collision
percentage, and frequency of claims. Consequently, smaller cars with younger
drivers who lack experience are more risky than other models. For example,
minivans are often categorized as less risky and thus have a less expensive
premium than smaller cars, German engineered, and high speed car models.
Coverage rates for comprehensive and collision insurance reflect the model's
history of loss.
High-speed, German engineered and luxury cars frequently appear on top insurance
risk lists, and thus also typically have higher premiums. The driving profile
for minivans typically reflects no commuting, less risky driving behavior, and
safety equipment as common features.
Which Cars are Most Expensive to Insure?
The Audi R8; Mercedes-Benz: G55 AMG, CL600, S65 AMG, SL64 AMG; BMW: M6, 750Li
and 750i; Aston Martin: DB9 and DB9 Volante, Dodge Viper SRT-10 (coupe); Porsche
Panamera Turbo; and Porsche 911 Carrera are among the most expensive cars to
insure. Annual insurance range for these vehicles start at approximately $2,088.
The most expensive car model to insure? The $1,300,000 Bugatti Veyron requires
an estimated $5,000 for annual cover.
Which Cars Are Less Expensive to Insure?
The least expensive cars include Jeep Wrangler/Unlimited, Toyota Sienna/LE,
Honda Odyssey, Nissan Murano, Toyota Highlander, Ford and Escape. Yearly costs
are lowest for Chrysler Town & Country LX, $1,091.
The most significant driver of insurance costs will be the driver himself.
Drivers who engage in high risk behaviors as evidenced by speeding tickets,
parking violations and poor credit scores will have a higher risk rate than
others without these factors. In spite of some annual rates exceeding others,
the daily cost difference may be deemed insignificant by drivers willing to