10 Most Expensive Cars to Insure

People want to have nice things. Cars are no exception to this. Many people like to have a fancy or luxurious car. Well, unfortunately these cars can also have the most expensive car insurance rates. An Insurance Company determines car insurance rating by a number of different factors. In fact there can be over 100 different rating factors for car insurance policy. In the interest of not boring you to death, I will keep these rating terms as simple as possible.

Minnesota Car Insurance companies will review data on thousands of claims to determine what vehicles have the most expensive car insurance claims. Insurance companies will look at two primary cost factors. Liability Losses and the cost to repair the insured vehicle.

Car Insurance Liability

Vehicles that cause the most damage to another vehicle or other people will have very high liability ratings. Cars with larger engines, carry more gross vehicle weight, or certain cars that tend to be driven more aggressively tend to fit into this category.

Car Insurance Repairs & Replacement

Vehicles that are most costly to repair or replace from an accident will have higher paid out claims amounts. If the insurance company has to pay more to repair or replace a vehicle, they are going to charge more car insurance premium.

10 Most Expensive Cars to Insure

According to Forbes.com, here are the 10 Cars that are most expensive to insure: 10) Kia Optima LX, 9) Honda Accord EX, 8) Lexus NX 300, 7) Dodge Ram 1500 Rebel, 6) Lexus RX 350, 5) Nissan Altima 2.0 S, 4) Tesla Model 3 Standard Plus, 3) Volvo XC90 T8, 2) Lexus ES 300H, 1) Tesla Model S Performance

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