Most expensive 10 Cars under 40k to Insure
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Most expensive cars to insure
By Prakash Gandhi • Bankrate.comIt 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.)
Go figure, no wonder my insurance sucks. Turbo + Convertible (In MN) + Sports Car classification = Glad my parents pay the insurance.
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I find it hard to believe the WRX is on that list. Full coverage on it when it was new was less than full coverage on my former 88 Prelude Si (I didn't have full coverage on the prelude, just checked the cost). I was told by 2 insurance agents that WRX's tend to be among the safer cars on the road as well and relatively inexpensive to fix. I'm not disputing what you found in that report, just countering w/ my own experience.
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Neat article. Gives a good idea of what you are up against when selecting a new car.
I wonder if the person that wrote that accumulated data from several different insurance companies or just got quotes from one? I know that rates can vary quite a bit between insurance companies.
For example, my Jeep is more expensive to insure than my Mustang. Not sure if the age of the vehicles affect the rate and such though.
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tjamz wrote:
I find it hard to believe the WRX is on that list. Full coverage on it when it was new was less than full coverage on my former 88 Prelude Si (I didn't have full coverage on the prelude, just checked the cost). I was told by 2 insurance agents that WRX's tend to be among the safer cars on the road as well and relatively inexpensive to fix. I'm not disputing what you found in that report, just countering w/ my own experience.
with street racers like you runnin around, i can see why we're on that list. -
2.5RS wrote:
inexpensive? i beg to differ...Country insurance
~$50/month, full coverage w/ $100 deductible...1 moving violation on record.
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inexpensive to fix is what he was getting at i think.
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97slowgsx wrote:
inexpensive to fix is what he was getting at i think.they aren't that bad to fix (body/cosmetic) OEM bumpers can be had for ~$150 each, fenders aren't too bad either. The hood is kind of expensive, but still not ridiculous....all prices listed above are w/o paint.
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I dont know if i trust the source for that article.
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$850 every 6 months for my mustang w/ full coverage/hail/glass/the works and an exhibition driving ticket.
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