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.