car insurance news

What are the most expensive cars and least expensive cars to insure in 2019?

Are you planning on buying a new or used car in 2019? If so, there are a variety of new and used cars that are more expensive or less expensive than others. 

In this article we will share with you insight on which cars you should or shouldn’t purchase in 2019.

“Vehicles on the least expensive list tend to be driven by families, which means more mature driving and perhaps because the inside may be a bit of a locker room for their kids the car owner isn’t worried about exterior small scuffs and doesn’t make claims for minor items,” explains Insure.com’s consumer analyst Penny Gusner,

The Odyssey takes over the top spot in this regard from the previous low-premium champ, the Jeep Wrangler. It gets top marks for safety and, frankly, it’s tough to get into trouble driving one of the most family-minded rides on the planet, especially with a gaggle of kids along for the ride. A rip-roaring Nissan GT-R sports car this is not.

Speaking of which, the GT-R tops Insure.com’s list of the costliest models to cover for 2019, with an annual average premium of $3,941. We’ll concede that the chance of anyone cross-shopping the two models is slim-to-none, but that’s an average spread in insurance costs of $2,643 per year, based solely on vehicle choice.

It doesn’t take a particular stretch of logic to fathom why the GT-R, which packs a twin-turbocharged V6 engine that puts a ferocious 565 horsepower to the pavement and starts at around $100,000, should cost around three times as much to insure as the above Odyssey with a base sticker price at about $30,000. “Drivers of vehicles on the expensive list pay a lot of money for the vehicle, so if it has extra horsepower, will likely want to try it out,” says Guzner. “Also, they will mind if their car gets a scuff and will want to get minor damages fixed up to keep their expensive ‘baby’ in excellent shape.”

For 2019, the GT-R nudges out what had been a longtime leader among budget-busters, the Mercedes-Benz AMG S65, which drops to the eight-slot on the list. Still, as you can see, Mercedes holds down half of the top 10 slots among the costliest-to-cover cars, all of which are pricey ultra-luxury and/or high-performance models:

Most Expensive Cars To Insure For 2019

  1. Nissan GT-R ($3,941)
  2. Mercedes Maybach S650 ($3,917)
  3. Porsche Panamera ($3,887)
  4. Mercedes AMG GT R ($3,751)
  5. BMW M760i xDrive ($3,705)
  6. BMW M6 Gran Coupe ($3,637)
  7. BMW i8 ($3,603)
  8. Mercedes S65 AMG ($3,585)
  9. Mercedes SL63 AMG ($3,549)
  10. Mercedes S560 4MATIC ($3,514)

Note that the figures quoted in Insure.com’s study are averages based on a hypothetical 40-year-old male driver having a pristine driving record (see below for the survey’s methodology). What a given motorist will actually pay to insure a particular vehicle depends largely on personal factors including his or her age, sex, marital status, address, credit rating, and driving record. Altogether these factors are used to determine a motorist’s statistical likelihood of getting into an accident or having a vehicle stolen or otherwise damaged. Statistically speaking, a single male teen having multiple traffic tickets and/or accidents on the books who lives in a crowded and crime-ridden urban area will pay the most of all drivers for auto insurance..

At that, it always pays to shop around for coverage because the actuarial formulas used to compute car insurance rates are moving targets that can vary significantly among providers, with some companies charging more or less to cover certain combinations of risk factors than others.

You can check out Insure.com’s full 2019 cost study here.

In Pictures: 10 Cheapest Cars To Insure For 2019.

The Fine Print: The survey was conducted for Insure.com by Quadrant Information Services, with rates based on more than 3,000 car models quoted from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state. Some low-volume models, particularly the priciest exotic cars, were excluded. Estimates are based on an unmarried 40-year-old male driver with good credit, no accidents or moving violations who drives 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Get A Car Insurance Quote Here

For an affordable car insurance quote contact the Farnsworth Agency today by calling us a (541) 318-8835 or click here to connect with us online. 

For the lowest Central Oregon Car Insurance rates and to get quotes for all of your other insurance needs, contact the Farnsworth Agency today at: (541) 318-8835 or visit our website at http://www.centraloregoninsurance.com

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