by Jeff Sanford
Toronto, Ontario — September 4, 2015 — Insurance industry website, insure.com, has released a list of the cheapest and most costly cars to insure in 2015. It will be no surprise to any in the industry that the most expensive cars to insure are those that are more difficult to repair. It’s worth noting that it’s a US site, and uses data and prices from the US to make its calculations. However, patterns of use and repair costs are typically the same throughout North America.
The Jeep Wrangler SUV is the lowest on the list, with an average price of about $1,134 to insure. In general, family-type minivans or SUV/crossover are the cheapest to insure.
At the other end of the list was the 600-horsepower Nissan GT-R Nismo sports coupe. This car has been nicknamed “Godzilla” for its massive (and unique) engine. No wonder that it cost, on average, $3,754 a year to insure.
A media report citing the report suggests, “More expensive models tend to trigger higher car insurance rates than cheaper ones, simply because they cost more to repair and have higher value thresholds before becoming ‘totaled’ in a collision.” Of course, insurance companies also base their rates on the history of the driver. But other big factors in determining rates include “how much damage a given model incurs in a typical crash,” as well as “the extent of injuries (and fatalities) suffered by occupants and other parties,” and, “the cost of damage to other vehicles.” Obviously, these are typically factors that work against high-powered sports cars that tempt owners to drive aggressively.
“Insurance rates are all about claims — how many and how big,” an analyst from Insure.com was quoted as saying. “Cars that are cheapest to insure typically are easy to repair or have fewer claims or both.”
Cheapest to insure:
1. Jeep Wrangler Sport 4WD
2. Jeep Patriot Sport 2WD
3. Honda CR-V LX AWD
4. Dodge Grand Caravan SE Plus
5. Honda Odyssey LX
6. Jeep Compass Sport 2WD
7. Subaru Outback 2.5i AWD
8. Ford Edge SE 2WD
9. Smart Fortwo Pure Coupe
10. Ford Escape S 2WD
Most expensive to insure:
1. Nissan GT-R Nismo,
2. Mercedes-Benz SL65 AMG
3. Dodge SRT Viper
4. Porsche 911 Carrera S Cabriolet
5. Audi R8 5.2 Spyder Quattro
6. Porsche Panamera Turbo Executive
7. BMW 760Li
8. BMW M6 Convertible
9. Mercedes-Benz E63 AMG 4Matic
Wagon
10. Mercedes-Benz CLS63 AMG
4Matic
