Almost everyone can identify with being on a tight budget lately. Cars especially are a major investment of our hard earned cash, so we want the peace of mind in knowing we have chosen one that will offer us the best value for our money; not just on initial purchase but when insuring it in the future. Hidden or unexpected costs can be a driver’s worst nightmare and so with the average cost of insuring a car having supposedly risen by 40% in just the last year, any tips on which cars to avoid if hoping to dodge the hefty insurance prices could be some pretty handy and timely information.
So, just what are the most expensive cars to insure?
Many people now downsize their cars so they have less to pay for insurance, fuel and general repairs. However, this does not stop high flyers from spending their cash on flashy cars which ultimately come with extremely high insurance premiums (if they even get insurance).
quite a hit when insuring this flashy sports car. It may look great and have a powerful engine but the
bulky price tag will continue to haunt you long after you have driven off with it.
Ford GT (£2600.00)
Having been first launched back in 2003, there were only twenty-three of this highly exclusive model
available out there. This means not only will it likely be pretty hard to track one down in the first
place but insuring it – and replacing any damaged parts – will cost you an arm and a leg.
Porsche 911 GT3 (£1900.00)
need for speed. Its impressive power and equally impressive price tag come at an additional cost
however and that is insuring this powerhouse for road use. A friend of the speedy perhaps but this
car will certainly not be a friend to your budget.
Audi R8 V10 Coupe (£1800.00)
immense power mean it is still turning heads to this day. At over £100,000 per unit however, you can
expect to pay quite the premium to cover one of these against any accidental damage or theft.
When you are choosing which car to buy, a decent purchase price and some swanky gadgets cannot
be enough to win you over – not unless you have a bulging budget. Generally, it is such technology
stuffed, modern sports cars that hide the nastiest insurance charges. Doing your homework can
often make all the difference and with a bit of savvy, you can bag yourself a real bargain. Brands like
Honda offer a much better solution when you are looking to save some cash. So by all means look
to find the car you have always dreamed of; just be certain the insurance prices are a rate you will
always be able to afford.