Most people think their car insurance premiums cost too much. Every year it feels like the premium is more expensive. Well to give us all some consolation let’s take a look at the most expensive cars to insure!
Every year Insure.com creates a list of the most expensive cars to obtain car insurance for and usually the list is full of expensive sports cars, but sometimes there are exceptions to the rule. This year the list is full of well known brands including BMW, Porsche, Mercedes and even Nissan.
Most of the cars in this list are capable of truly insane speeds and have truly insance price tags attached to their purchase costs. Well unfortunately for the speed freaks that want to drive these kinds of cars the insurance costs are nothing short of astronomical by conventional standards. It turns out that people who like to drive fast also crash a lot! Insurance companies worked that out pretty early on so pumped up premiums on these speed machines.
1. Nissan GT-R Track Edition $3,169
2. BMW M6 $3,065
3. Mercedes-Benz CL550 4Matic AWD $3,019
4. Mercedes-Benz SLS AMG GT $2,986
5. Porsche Panamera Turbo S $2,970
6. Audi R8 5.2 Spyder Quattro $2,917
7. Mercedes-Benz G63 AMG $2,887
8. Audi A8 L 6.3 Quattro $2,869
9. Jaguar XKR Supercharged $2,854
10. Jaguar XK $2,610
Hard to drive
It also turns out that many of these cars are extremely hard to drive! There is so much power behind the accelerator that an operator can be at face melting speeds in a few seconds and not always intentionally.
The cars are extremely twitchy and everything from steering, braking to acceleration are built for the driver who has lightning fast reflexes and the experience to handle a high powered vehicle. Unfortunately many of the people who are wealthy enough to buy these kinds of cars are not incredibly experienced drivers. Some of the cars have safety features which are designed to tame the speed and handling of the car, but operators can turn them off, and many do to experience the “beast unleashed”. Unfortunately when they go into full racing mode they are actually turning off controls that help with vehicle stability and easier handling.
The vehicle that comes in at number 1 is especially hard to tame. The Nissan GT-R track edition is nicknamed “Godzilla” which should scare you enough if the $115’000 price tag hasn’t already. It has a massive 545 horsepower from a v-6 engine and twin turbochargers. The car is really designed for people who want to take their car onto a racing track once every few weeks, and the various electronic controls help tame the beast and keep it safe on conventional roads. It can reach the 200 mile per hour mark, where even professional racing drivers need to be careful, so the average joe could get into serious trouble very easily.
Most of these cars “feel” stable and easy to drive and that is why some people get into trouble – they become over confident and don’t appreciate how quickly the extra speed can turn into a crash, particularly on roads that are not of race track quality. That’s another one of the issues, the speeds that some of these cars are capable of is primarily for the race track and the quality of roads around most towns and cities is much much lower. A sudden pot hole and that Nissan GT-R that felt stable at fast speeds is heading for a tree.
It also turns out that repairing expensive and exotic cars is quite expensive! The insurance costs reflect the fact that a simple fender bender in a Nissan GT-R might cost $25’000 in parts, because of the advanced mechanical parts and rare body parts involved. Some components must be discarded because they are not metal that can be reshaped, but carbon fiber which shatters on impact and must be replaced after a crash.
So the next time you balk at the cost of comprehensive car insurance for your vehicle, remember the revheads who are forking out thousands every year for a thrilling and dangerous hobby!