Fast, expensive vehicles top the list of the 20 most expensive cars to insure for the 2014 model year, according to a new report from Insure.com. Drawn by the luxurious accommodations and high speeds, wealthy clients often purchase these types of vehicles without considering how they are often tricky to drive and very expensive to insure, Edmunds.com Editor Mark Takahashi tells Insure.com.
Insure.com worked with Quadrant Information Services to find the average auto insurance rates for 2014 model vehicles using data from Allstate, Farmers, GEICO, Nationwide, Progressive, and State Farm. Averages are based on full coverage for a single 40-year-old male with a clean record and good credit who commutes 12 miles to work each day, with policy limits of 100/300/50 and a $500 deductible on collision and comprehensive coverage.
Of over 850 ranked vehicles, Insure.com revealed the top 20 most expensive models to insure (see chart). High-end vehicles from BMW, Mercedes-Benz, Audi, Porsche, and Jaguar appear on the list multiple times. However, the number one most expensive car to insure is from Nissan, who only appears on the top 20 list once.
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