With the current economic situation in the United States, many Americans are keeping tabs on their expenses more closely. This does not just happen among the lower- or average-income people but also those who belong to the top tier of economic class. After all, these same people are also the most financially literate, very conscious of where their money goes and that most of the bulk of their income goes back to smart money-making projects and not just pricey items.
When looking for cars to purchase, higher middle-class individuals, businessmen, money car lovers are now starting to look past the selling price of cars to other details such as fuel efficiency, its emotional and physical returns, and its insurance rates as well.
Many people do not realize that fees for car insurance are a not-so-obvious money trap. After all those charges must be paid annually for at least five to ten years—those fees add up in the long run.
Differences in insurance premiums for vehicles are sometimes affected by location, with Louisiana having the highest insurance rates in the U.S. Another factor is the model of the car. The latest lists peg premium rates peaking at more than $3,300. That's about $2,200 more than the premium rate for the Ford Edge SE, the 2013 cheapest car to insure.
If you're looking to reduce your expenses for a few hundred bucks, or if you're just planning to get a vehicle, check out this list to find which car models to avoid. A little hint before we begin: If it's a Mercedes or a Jaguar, its insurance premium will most probably be a little tough on the old checkbook.
These are the top 10 most expensive car models to ensure in 2013, based on the list release by Insure.com.
10 Porsche 911 Turbo
This model is the latest of the car maker's classic flagship line of luxury cars, so it figures the price buying the car will be pretty steep, at about $150,000. Its insurance premium is also a very luxurious $2,930, in 2013 averages.
Both rates are expensive, but if one considers that this car offers the newest platform used by Porsche, only its third since the company started car manufacturing, then that might not be too bad.
9 Porsche 911 Turbo S
Like its Porsche Turbo 911 brother, this model runs on the automaker's newest platform and was only just released in 2011. The car itself costs about $182,000 and its insurance averages $2,960.
This two-door coupe is beautiful and powerful, thus, the price. It's a hard combination to match, but the amount you might have to shell for both the car itself and its insurance might be a turn off for some.
8 Mercedes-Benz S-63 AMG
This luxury sports sedan belongs to the Mercedes' S series, and it is one of the car manufacturer's most expensive models. It is pegged at about $140,000, relatively a steal, if one considers the amount of power under its hood and the capabilities that it can deliver.
Its insurance premium mirrors that usual direct relation between acceleration and insurance rates. Its annual average premium is at $2,980.
7 Mercedes-Benz SL63 AMG
Another Mercedes-Benz baby from the S-series, it boasts of even more horsepower than that car at number 6, and is a lot lighter, making it a magnificent automobile. This gorgeous hardtop convertible is a very comfortable ride with a price tag that would make most people squirm, at about $146,000.
This is the first model on our list that went beyond the $3,000 mark, with a U.S. national annual average of $3,080.
6 Mercedes-Benz S600
It comes with a complete set of security and luxury items that is the trademark of this car maker. The S600 is a luxury sedan priced at $160,000.
On top of that and taxes, its owner will have to cough up with an additional $3,160 annually for the insurance payments.
5 Mercedes-Benz CL63 AMG
A complete beauty, the CL63 AMG is a roomy coupe with a lot of machine power under the hood. It is lightweight and can zoom really fast in a way that is rare for something with its size. It can go from zero to sixty in 4.6 seconds, and do it in the comfort of sports car-worthy leather seats.
The price tag: $153,000. Its average annual insurance premium is pegged at $3,180, most likely because of its speed.
4 Mercedes-Benz SL65 AMG
The Mercedes-Benz SL65 AMG really boasts of the power of the AMG series, its speed and acceleration rates are superb, and the torque is quite magnificent. No wonder this is well-loved even at a steep price of about $200,000. Its annual insurance premium rate is pegged at $3,200, just a tad costlier than our number 4 on this list.
3 Mercedes-Benz S65 AMG
The Mercedes-Benz S65 AMG has an annual premium rate of $3,220 and is priced at $212,000 per unit.
Motoring writers agree that the most attractive feature of this car is its incredible power coupled with its roomy interior space and trademark Mercedes-Benz understated elegance and luxury.
2 Mercedes-Benz CL65 AMG
The CL65 AMG has the shortest acceleration time among Mercedes-Benz CL-class models and is sometimes called “the big brother” of all the models in the line. Each unit costs around $213,000. Its insurance rate matches that price, as Insurance.com lists are national annual average premium at $3,330.
1 Mercedes-Benz CL600
The Mercedes-Benz CL600 tops this list of the 10 most expensive cars to ensure in America, with an average annual premium rate of $3,360, more than $400 more than the Porsche model that made it listed at number 10. Take into account that the figure is only a national average. In some states, that premium can go as high as $8,000.
For some car-lovers, however, that is a small price to pay for the beauty that is this vehicle. The CL600 is a luxury sports coupe that is priced at around $165,000. It runs on the latest generation of the CL-class from Mercedes-Benz. It has one of the fastest acceleration rates in the German automaker's garage.
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