Not surprisingly, model year 2015 sports cars and convertibles that sell for more than $100,000 and can reach speeds of up to 200 mph are the most expensive cars to insure, according to a new study from Insure.com.
These vehicles are very powerful and very expensive to repair and replace. They often combine parts made of carbon fiber and other exotic materials with expensive engines that can crank out 500 horsepower or more, says Insure.com. Cars like these typically appeal more to men, who usually face higher premiums.
Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for 2015 models by examining insurance rates from Allstate, Farmers, GEICO, Nationwide, Progressive, and State Farm for more than 1,500 vehicle models in every state. The rates were based on full coverage for a singe 40-year-old male with a clean record and good credit who commutes 12 miles to work every day, with policy limits of $100,000 for injury liability for one person, $300,000 for all injuries, and $50,000 for property damage in an accident, as well as a $500 deductible on collision and comprehensive coverage. Most expensive rankings were determined by the worst-performing trim line of each model.
Insure.com notes that though relative rankings should remain the same, the underlying cost of car insurance varies wildly by state.
Click through below to see the most expensive 2015 model cars to insure.
10. Mercedes-Benz CLS63 AMG 4Matic Sedan
Average national premium: $2,972
9. Mercedes-Benz E63 AMG 4Matic Wagon
Average national premium: $3,042
8. BMW M6 Convertible
Average national premium: $3,115
7. BMW 760Li
Average national premium: $3,147
6. Porsche Panamera Turbo Executive
Average national premium: $3,174
5. Audi R8 5.2 Spyder Quattro
Average national premium: $3,206
4. Porsche 911 Carrera S Cabriolet
Average national premium: $3,216
3. Dodge SRT Viper
Average national premium: $3,318
2. Mercedes-Benz SL65 AMG Convertible
Average national premium: $3,573
1. Nissan GT-R Nismo
Average national premium: $3,574
Insure.com found that 2015's most-expensive model to insure is the Nissan GT-R Nismo, a premium version of the brand’s flagship sports car. At an average of $3,574 per year, that's more than twice the $1,555 average for the 1,500-plus models that Insure.com studied.
The GT-R Nismo starts at $149,900 and features a racing-inspired design, a 600-horsepower twin-turbo V-6 engine, nitrogen-filled tires and other high-performance features that help propel the model to a 196 mph top speed—and top insurance premiums.
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