Decisions, decisions, decisions. People who buy a vehicle always have plenty of decisions to make in regards to their purchase. The fun things are choosing a make, model and color. Options are also exciting. However, there is another decision that is not considered fun to make, but it is very necessary. This decision is securing insurance for the vehicle. The best thing to do is to determine how much the annual insurance premiums will be on a vehicle that you are contemplating purchasing. Annual insurance premiums can range anywhere from what is considered cheap car insurance at slightly over four thousand dollars to over ten thousand dollars.
For a comprehensive view of the vehicles that currently command the highest dollar amount in insurance premiums and those that command the cheapest car insurance, you can check out the following table that presents the information in detail. Research provided by Insurance.com is the source of the information in the table. The table presents the cheapest and most expensive premiums per year for vehicles in the following groups: Trucks, Vans/Wagons, Crossovers/SUVs, Passenger Cars and Sports Cars. The groups are also classified as Large, Midsize or Small vehicles.
The following table presents information regarding the most and least expensive annual premiums in each group:
Group Highest Premiums Cheapest Premiums
Lg. Crossover/SUV: Mercedes-Benz G-Class $2,088 Hyundai Veracruz $977
Midsize Crossover/SUV: Infiniti EX $1,306 Hyundai Santa Fe $832
Small Crossover/SUV: Mazda Tribute Hybrid $ 1,372 Kia Sportage $840
Lrg. Passenger: Audi S8 $2,071 Pontiac Grand Prix $902
Midsize Passenger: Audi S6 $1,571 Subaru Legacy $962
Small Passenger: Volkswagen Eos $1,198 Kia Rio5 $870
Small Sports Car: Dodge Viper convertible $2,580 Mazda MX-5 Miata $1,017
Lrg. Truck: Cadillac Escalade EXT $1,592 GMC Sierra2500HD $1,013
Midsize Truck: Dodge Dakota $1,279 Ford Expl Sport Trac $1,070
Small Truck: Chevrolet Colorado $1,147 Mazda Truck $957
Lrg. Van/Wagon: BMW 5-Series Sports Wagon $1,153 Chevy Uplander $831
After all the numbers and risk algorithms are crunched, it’s probably no surprise that the giant Mercedes-Benz G-Class SUV will set you back an amazing $ 2,088 each year. Similarly, if your tastes run to fast sports cars, get ready to hand over $ 2,580 a year for a Dodge Viper convertible policy.
Believe it or not, the most expensive large and mid size passenger cars to insure are made by Audi. The Audi S8 requires over two thousand dollars per year in insurance premiums to be paid. The smaller Audi 6 has an annual premium rate of a little more than fifteen hundred dollars. Surprisingly, a much larger vehicle, the Cadillac Escalade EXT, has annual insurance premiums that are only slightly more than the Audi S6, which is a much smaller vehicle. This could be considered cheaper car insurance when you think about the vehicle.
The size of the vehicle doesn’t really dictate the amount of the annual insurance premiums. For example. you can insure a vehicle such as the BMW 5 Series Sports Wagon, which is part of the Large Van and Wagon group for $1,153, which seems quite reasonable. However, if you really want the cheapest annual insurance premiums, go for the Chevrolet Uplander which is also from the Large Van and Wagon category and insures for $831 per year.
Tags: auto insurance, cars and trucks