The 10 most expensive and 10 least expensive cars to insure

The Insurance Institute for Highway Safety has released its list of the Ten Most Expensive and Ten Least Expensive Cars to Insure. Both lists are based on an assessment of car models from 2004 until 2006. Based on these lists, the usual favorites - small and fast cars - require owners to pay higher insurance premiums. According to Russ Rader, the spokesman of the Insurance Institute for Highway Safety, “Contrary to the idea that smaller cars can help you avoid crashes, the data shows that small cars get into more accidents. If you feel like you have a vehicle that can zip in and out of traffic, chances are you’ll do that.”

When you factor in the fact that young drivers prefer smaller and faster cars, you can be sure that they will be paying higher car insurance premiums. This is not to say that young drivers are reckless drivers or that only those who own sports cars are liable to pay for higher insurance premiums. But people who own sports cars tend to drive faster than those who don’t. And younger people tend to take risks more often than older drivers. Speed is one of the factors that cause vehicular accidents, especially among inexperienced drivers who have not mastered how to control a fast car yet.

Among the cars with high rates of collision are Subaru Impreza WRX 4WD (2nd), Nissan Sentra SE-R (7th), Mitsubishi Lancer, and Acura RSX (6th). These cars are often driven by young drivers and at a faster speed. The Scion tC is the car the comes fifthin the list of Ten Most Expensive Cars to Insure. This car is also driven primarily by young people, thirty-five percent of whom are below the age of 25, according to Kim Hazelbaker, the senior vice president of the Highway Loss Data Institute.

The model that tops the Ten Most Expensive Cars to Insure list is the Cadillac Escalade EXT 4WD. This car is considered desirable due to its appearances in shows such as MTV Cribs and to the fact that it is owned by most pop stars. The Cadillac Escalade EXT 4WD’s desirability also makes it a popular target for car thieves. Naturally, car owners are willing to pay more for the insurance. Other cars that made it to the list of Most Expensive Cars to Insure are Hyundai Tiburon (3rd), Suzuki SE-R (8th), Nissan Sentra (tied at 9th place with Mistubishi Eclipse), and the Chevrolet Cobalt two-door (10th).

As for the least expensive cars to insure, these are usually modern versions of family cars, such as sedans, SUV, or minivans. Since these cars are often driven by people who bring along their babies or children, they are less likely to drive carelessly. Therefore, they are less likely to get into vehicular accidents or collisions. The car that tops the list of Ten Least Expensive Cars to Insure is the Ford Five Hundred 4WD (also known as Ford Taurus), which is not considered as desirable to thieves as the Cadillac Escalade EXT 4WD. Other car models that made it to this list are, the Buick Rendezvous 4WD (2nd), Buick Lucerne (tied at 3rd with Buick Rainier 4WD and Honda Odyssey), Ford Freestyle 4WD (tied at 4th place with the Subaru Outback 4WD), Buick Rendezvous (tied at 5th with the Honda Pilot), Chrsley Town and Country LWB (6th), Honda Pilot 4WD (7th), Buick LaCrosse (tied at 8th place with Chevrolet Uplander, Ford escape, and Volvo V70), Dodge Grand Caravan (tied at 9th with Ford Freestyle 4WD), and Ford Explorer 4WD (tied at 10th place with GMC Sierra 1500 4WD, Toyota Highlander, and Toyota Sienna).