The Best and The Worst Vehicles to Insure from 2008’s List of Top Sellers
The Hits and Misses of 2008
Your Best and Worst Insurance Bets from the Year’s Top-Selling Cars
At ChoiceAutoInsurance.com, we know you’re not thinking about insurance when you go shopping for a new car. You want one that reflects your personal style, that does what you need it to do, and that will retain a decent resale value. These days you may also be thinking about how much gas it consumes along with its repair record, its price, and the financing that’s available. With all that rolling around in your head, it’s no wonder insurance costs don’t make the list.
In fact, a polling of national car dealers indicates that only an average of 5 percent of customers consider a car’s insurance cost before buying it. Once specialty vehicles like Porches and Corvettes are removed from the mix, the percentage of shoppers asking about insurance costs drops off the radar altogether. But the truth is, car insurance premiums can really add to the annual cost of owning your vehicle. So ChoiceAutoInsurance.com did the research for you.
Of the twenty most popular-selling vehicles in 2008, we have determined the five most expensive to insure and the five least expensive to insure. The results may surprise you:
Most Expensive Insurance Rates Among Top Selling 2008 Vehicles:
- Dodge Ram Pickup (Top seller #5)
Average premium of $1,336.
Reason: Performance history is substantially below average in property damage liability, comprehensive liability and bodily injury liability.
- Chevy Silverado C/K Pickup (Top seller #2)
Average premium of $1,280
Reason: Performance history is substantially below average comprehensive liability.
- Toyota Prius (Top seller #16)
Average premium of $1,210
Reason: Insufficient data available.
- Honda Accord (Top seller #6)
Average premium of $1,203
Reason: Performance history is below average in personal injury protection.
- Nissan Altima (Top seller #9)
Average premium of $1,198
Reason: Performance history is below average in personal injury protection and medical payment.
Least Expensive Insurance Rates Among Top Selling 2008 Vehicles:
- Chrysler Town & Country (Top seller #19)
Average premium of $940
Reason: Performance history is above average in property damage liability, medical payment and bodily injury liability, and substantially above average for collision, comprehensive liability and personal injury protection.
- Ford Escape (Top seller #17)
Average premium of $1,022
Reason: Performance history is above average in property damage liability and bodily injury liability, and substantially above average for collision and comprehensive liability.
- GMC Sierra Pickup (Top seller #12)
Average premium of $1,026
Reason: Performance history is above average in collision, and substantially above average in personal injury protection, medical payment and bodily injury liability.
- Chevrolet Impala (Top seller #7)
Average premium of $1,091
Reason: Performance history is above average in collision.
- Ford Econoline Club Wagon (Top seller #13)
Average premium of $1,119
Reason: Insufficient data available
Standard Caveat and Disclaimer: If you own or are considering one of the above autos, your insurance premium will vary from those shown depending on your personal driving record, credit history and zip code. We know what you’re about to ask, so here’s your answer:
Why the Difference?
Premiums are calculated individually using sophisticated tables combining each car insurance applicant’s personal factors with the "loss experience" of the vehicles. That means that the owners of some vehicle types end up with far fewer or far less expensive insurance claims than the owners of others. The theory that certain vehicle types attract certain driver types has been statistically proven again and again over the years. But that also means that the best driver in the world is going to be left paying quite a bit for his insurance if he chooses a car that is popular among drivers who regularly total their vehicles.
The bottom line is, it pays to shop for car insurance before you shop for your car. Try it yourself. Let ChoiceAutoInsurance.com run free comparison quotes for car insurance on the top 5 vehicles you’d consider buying in the near future. The difference between the results you get may influence your decision.
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