What are the most expensive cars to insure?
When it comes to car insurance , not all vehicles are created equal. Some cars may not just be expensive to purchase but also come with significantly higher insurance premiums. This is mainly due to factors like higher values, high replacement part costs, high repair costs, safety features, limited production, high performance, new technology, advanced features and insurance designated loss risk ratings. Insurance companies use a variety of loss risk factors to determine the risk value of a vehicle. This process involves a detailed analysis of historical data such as accident rate per year make and model of the vehicles , average loss payout as well as specific vehicle characteristics. The insurance companies have advanced systems of calculating risk based on past claims, so they use all of the tools and data at their disposal to predict the likeliness of loss on each and every year, make and model vehicle. Expensive cars to insure If you’re in the market for a new car, it...