The Most Expensive And Least Expensive
Vehicles To Insure In Illinois
If you wondering what the most expensive and least expensive vehicles to insure in Illinois are at this time, here is some of the current data.
Understanding where your current vehicle, or one you plan to purchase falls in these categories will directly impact your IL car insurance costs.
No matter which type of vehicle you need insurance for - after your read the article be sure and use our free rate finder to compare personalized rate quotes from competing insurance companies find yourself a cheap Illinois car insurance policy!
Most Expensive Vehicles
To Insure In Illinois
How does an insurance company determine which vehicles are more expensive than others to insure? Like many other things in life, it comes down to cold hard cash. In this case, the insurance company needs to factor in how much they would have to pay out following an accident involving your type of vehicle (and how likely your vehicle is to be stolen). The figure the actuaries, underwriters, and statisticians at the insurance company come up with has a bearing on how much your premiums will be.
In addition to the repair costs, the underwriters have to consider the likelihood of an accident taking place with that particular model of vehicle. The odds are calculated based on the past behavior of other people who also own the same make and model as you do.
If the model of the vehicle is considered more difficult to repair, either due to its design or the materials used to construct it, then you are also looking at a higher insurance premium.
Here are the most expensive cars to insure, according to Forbes.com:
1. Mercedes-Benz SL65 AMG - This vehicle will set you back just over $182,000 if you wanted to buy one.
2. Lincoln Town Car BPS - In this case "BPS" stands for "Ballistic Protection Series." If you want or need a car that is bulletproof, you may want to consider this model, priced at $144,000 and change.
3. BMW 760 Li - This model has a hood and front fenders made from aluminum, which is more difficult to repair than steel. You would think that for the $117,000 list price for this car, they could have used a sturdier material for this portion of the vehicle.
4. Audi A8L W12 - The Audi A8L W12 also sells for approximately $117,000. The body of the vehicle is made from aluminum, which means that it is very light in weight for its size, but may not be a very good choice if you were looking for a car that will stand up in a collision. This model also has sensors for the cruise control mounted at the front of the vehicle. These would be very expensive to repair or replace, even if the car was involved in a minor traffic accident.
5. Mercedes-Benz G55 AMG - This boxy SUV will set you back just over six figures. With a top speed of 130 miles per hour, this is also a very pricey vehicle to insure.
Least Expensive Vehicles
To Insure In Illinois
If the vehicle options listed above are a bit rich for your blood, you may want to consider something from the low end of the insurance-cost scale for your next car. Here are some of the cheapest vehicles to insure in Illinois:
1. Chrysler Town & Country - This mini van has an MSRP of just over $27,000. It's a reliable family vehicle.
2. Chevrolet Cobalt - With prices for the Chevy Cobalt coupe starting at just over $15,000, this car is easy on the wallet, as well as being inexpensive to insure.
3. Dodge Caravan - The Dodge Caravan, with an MSRP of just over $24,000 is a popular choice for families.
4. Chevrolet Impala - The Impala has a list price of just over $25,000 and has won the Owner Loyalty Award from R. L. Polk & Co.
5. Ford Taurus - This model was rated as being the "Safest Full-Size Car in America." It is reasonably priced at $23,000 and change.
Compare Illinois Auto Insurance
Costs And Quotes Now!
As you can see, there is a big difference in price between the cars which are the most expensive to insure and those that are the least expensive to insure. At first glance, it would appear that a reasonably-priced, sturdy vehicle is less expensive to insure than their more expensive cousins. Mind you, the person who can afford to spend $100,000 or more on a vehicle can probably afford the cost of insurance, no matter how high that figure is.
No matter which type of vehicle you are looking to purchase IL car insurance for - be sure and use our free Illinois car insurance quote tool to compare rates from top insurance companies side by side online.
Get ready to start saving money on Illinois auto insurance now!