Costliest and Cheapest 2010 Vehicles for Car Insurance Coverage

By: Liz Taylor, Car Insurance Analyst
CheaperCarInsurance.com

It’s no surprise that sports cars are more expensive to insure. Likewise the vehicles that have the lowest rates on car insurance will be your more common economical vehicles. If you are currently or soon will be looking for a new car to purchase, you may want to take a look at the most and least expensive models to insure. This may have an influence on your decision towards the make and model of the vehicle you plan to buy.

2010 Models with the Highest-Priced Car Insurance Rates

The top three priciest brands to insure are Porsche, Dodge, and Mercedes. These particular models of 2010 carry the highest average rates for car insurance coverage.

• The Porsche 911 Carrera GT2, with an average premium of $2943.78.
• Mercedes S65 AMG, averaging $2863.03 annually.
• Dodge Viper SRT-10, averaging around $2851.89.
• Porsche Panamera Turbo AWD, with an average of $2837.39.
• Mercedes CL 600, averaging around $2754.80.

These car insurance rate averages are assuming that you have a good driving record and have driving experience. Imagine how much higher the rates would be if you had a history of 22 driving violations or even an accident on your record. You would be paying considerably more, especially for convertibles.

2010 Models with the Most Affordable Car Insurance Rates

Brands such as Mazda along with Honda, Chrysler and Jeep are among the most affordable to insure. These are the top 5 models of 2010 with the lowest car insurance rates.

• Mazda Tribute I, with the average premium around $1070.25 a year.
• Honda Odyssey LX, with an annual average of $1095.26.
• Chrysler Town & Country LX, averaging $1103.29.
• Jeep Wrangler X, with the average around $1124.38.
• Mazda Tribute S, averaging about $1128.29 annually.

As you can clearly see, the price of the 5th most expensive vehicle to insure is double the premium of the 5th most affordable one.

In theory, the car of your dreams is likely to have a car insurance rate that is out of this world. Another factor that influences the rate for coverage on a vehicle is the average profile of the driver of a specific type of vehicle. It’s typically younger, less experienced drivers who are drawn to appealing sporty cars. It is middle-aged adults that are more likely to drive economical family vehicles.

Those that have the guts and the money to buy a Porsche Carrera GT2 with 530 horsepower can probably swing the premiums. For the rest of us, that minivan may be a far cry from a convertible, but at least you have something to smile about. You only pay a fraction of the premium on your car insurance than those guys.

Here’s a look at the average annual national premiums for some of the top selling vehicles this year.

• $1274.61 for Toyota Camry
• $1301.20 for the Honda Accord
• $1302.68 for Toyota Corolla
• $1383.10 for Chevrolet Silverado pickup
• $1492.71 for the Ford F-series pickup

These averages are based on information and studies collected from a few of the largest insurance carriers nationwide. They include coverage for comprehensive, collision and liability.

Statistically, the best car insurance customers to insure are married couples with children, more specifically “soccer moms.” This is because they typically drive more defensively than a young, single driver who is carefree. Although attractive, high-speed cars are more fun to drive, they come at a steep price. If you are planning on purchasing a new vehicle in the near future, you would be better off with a more fuel-efficient family vehicle.

Posted: March 16, 2010