Insurance companies set their rates according to how much they expect to shell out if you should wreck your car. They also factor in the probability that you actually will wreck your car, based on the composite histories of people who own the same model. These Top 10 Most Expensive Vehicles to Insure are pricey ones to begin with. On top of that, they possess idiosyncrasies that can contribute to higher repair costs, or increase the odds that repairs will one day be needed.
“Different companies determine different factors that influence the vehicle's insurance rate,” said Chante Jefferson, spokeswoman for the online insurance company Progressive Direct. “At Progressive, the rate is based on the experience of the specific vehicle, influenced by characteristics that include model year, MSRP, weight, size of the vehicle, horsepower and manufacturer of the vehicle.”
Top 10 most expensive cars to insure:
1. Mercedes-Benz SL65
2. Lincoln Town Car BPS
3. BMW 760Li
4. Audi A8L W12
5. Mercedes-Benz G55 AMG
6. Volkswagen Phaeton W12
7. BMW M5
8. Jaguar XJ8 Super V8
9. Porsche Cayenne Turbo
10. Land Rover Range Rover Supercharged
Tags:
Expensive cars
Vehicles Insurance
Highest Repair costs
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