Cars With High Insurance Rates

Some of the most exciting and enjoyable vehicles to drive often have the highest insurance rates. This fact alone puts owning and driving them well beyond the financial reach of the majority of potential purchasers of these highly desired vehicles. There are specific proven reasons why these cars have such high insurance rates.Cadillac Escalade

This luxurious Cadillac is not only expensive to purchase at about $70,000 brand new, but its insurance premiums are through the roof as well. The main reason for this is that the Escalade is a vehicle that is prone to theft and any vehicle which insurance statistics have proven are prone to being stolen will have among the highest rates. It’s a very desired car to steal not only to resell it both domestically and in foreign countries, but to break it down into extremely profitable parts at criminal chop shops.

Chevrolet Corvette

Insurance companies are well aware that Corvette owners tend to be on the youngish-middle age side and are very adventurous, aggressive and risky drivers. Corvette owners also tend to get into many more accidents than drivers of such vehicles as family sedans or fuel efficient, inexpensive coupes. Theft is also another factor why insurance rates skyrocket for anyone who owns and drives this great American motorcar.

Porsche 911 Carrera GT2

At over 500 horsepower, and selling at close to a whopping $200,000, the Carrera is rated as the most expensive car of all to insure. Only individuals such as Hollywood celebrities, professional athletes, entrepreneur moguls and maybe a handful of Beverly Hills plastic surgeons can afford the sticker price and colossal insurance rates of this exquisite car. The reasons for the high rates include a high tendency for the car being stolen and vandalized as well as the propensity of the drivers to utilize the high performance engine to greatly exceed the speed limit, which causes a much higher accident rate statistically speaking by insurance standards.