07/29/16

New Study Reveals Car Insurance Trends

Although the cost of an auto insurance policy varies according to different drivers and locations, it’s commonly known that some vehicles cost more to insure than others. Here are the most and least expensive 2016 model vehicles to insure, as found in a study by Insure.com.

The Most and Least Expensive 2016 Model Vehicles to Insure:

Most expensive average annual premiums:

$3,212: Porsche 911 Carrera GT3 RS
$3,229: Audi RS7 Quattro Prestige
$3,245: LandRover Range Rover SV Autobiography Black LWB
$3,309: BMW M6 Gran Coupe
$3,476: Nissan GT-R Nismo
$3,484: Porsche Panamera S Executive
$3,513: Mercedes S63 AMG 4Matic
$3,539: Mercedes S600 BI-T
$3,797: Mercedes SL65 AMG
$4,048: Dodge GT Viper

Least expensive average annual premiums:

$1,204: Nissan Frontier S King Cab Pickup
$1,203: Jeep Cherokee Sport Utility 2WD
$1,200: Buick Encore Sport Tour 2WD
$1,194: Ford Escape S 2WD
$1,190: Jeep Compass Sport 2WD
$1,181: Jeep Wrangler Sport 4WD
$1,180: Jeep Patriot Sport 2WD
$1,174: Dodge Grand Caravan AVP 2WD
$1,170: Honda CR-V LX
$1,113: Honda Odyssey LX
$3,797: Mercedes SL65 AMG
$4,048: Dodge GT Viper

A number of factors affect your insurance rates, including vehicle safety ratings, the potential for the vehicle to damage property and other vehicles, repair costs and your driving record.

What Determines Vehicle Safety Ratings?
Although every vehicle sold in the United States must meet minimum safety requirements, the government also uses safety ratings to encourage consumers to purchase safe vehicles as well as to encourage manufacturers to focus on safety features.

The National Highway Traffic Safety Administration’s (NHTSA) 5-Star Safety Ratings measure the likelihood of an injury occurring in a number of situations, weighted against the average. For example, a passenger in a vehicle that has received a 5-Star front crash rating is much less likely to be injured in a crash (occurring in the front) than a passenger in a vehicle that has received a lower rating.

Additionally, the NHTSA’s safety ratings highlight crash avoidance technologies present in vehicles, which can include electronic stability controls, lane departure warnings and sensors that automatically apply the brakes to avoid collisions.

For more information on safety ratings, and to view the rating for your vehicle, visit http://www.safercar.gov/Safety+Ratings.

New Study Reveals Car Insurance Trends

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