Think your car insurance premiums are high? The difference between the cheapest and costliest vehicles to insure can amount to several thousand dollars a year. And we’re talking about models from major automakers, not exotic cars like Ferraris and Bentleys where every aspect of ownership is of a “if you have to ask you can’t afford it†nature.
Though auto insurance companies largely base premiums on a motorist’s driving record, address, age, gender, marital status and credit rating, the make and model of car one drives is also a determining factor. As one might imagine, pricier cars tend to carry higher premiums than more-affordable models. “The more expensive the car the more it typically costs to repair, especially when you consider exotic materials being used in some of these autos like aluminum and carbon fiber,†explains Terrence Cahill, director of communications for  … More