(Bloomberg) -- When it comes to auto insurance, speed costs.
The most expensive 2015-model vehicle to insure in the U.S. is Nissan Motor Co.’s 600-horsepower, $150,000 GT-R Nismo, at an average $3,574 a year, Insure.com said Tuesday in a statement. The 621-horsepower Mercedes-Benz SL65 AMG convertible and the 645-horsepower Dodge SRT Viper held the next two spots.
Expensive vehicles cost more to repair and “the people who buy the cars that are made for speed are going to want to try them out sometime,” Penny Gusner, an analyst at the information website, said in a telephone interview. “The likelihood of them having a more severe crash compared to the soccer mom driving 35 miles an hour in the neighborhood is a lot higher.”
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
