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Joined: May 2002
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isaac
ECelica Admin
isaac
2001 Absolutely Red Toyota Celica GT
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2001 Toyota Celica GT

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Los Angeles, CA
Feb 23, 1:33am - #109598 
CAN YOU BELIEVE IT: The 10 most expensive cars to insure

The 10 most expensive 2002 cars to insure
By Insure.com

That hot new car you've been eyeing will cost you some cold hard cash to insure. If the thought of cruising in a rugged 2002 Mitsubishi Montero Sport sends thrills down your spine, get ready for some eye-popping statistics. This car ranks as the most expensive vehicle to insure, according to the top auto insurers in the country.

And before you dream of letting your hair blow in the wind while driving a 2002 Chevy Corvette convertible, make sure you shop around for insurance rates. It is the second most expensive car to insure.

The 10 most expensive 2002 vehicles to insure are:

1. Mitsubishi Montero Sport
2. Chevrolet Corvette Convertible
3. Lexus GS 430
4. Cadillac Escalade
5. BMW 7 Series
6. Honda Civic Coupe
7. Chevrolet Corvette Coupe
8. Mitsubishi Mirage Coupe
9. Toyota 4Runner
10. BMW 5 Series

While cars like Porsches, Ferraris, and Lamborghinis are also incredibly expensive to insure, they don't factor into this compilation because they are limited-production cars and therefore don't generate enough claims data to make the list.

The 2002 Montero Sport isn't costly to insure because it's expensive to buy. It's because it has the highest number of claims for injury, collision, and theft. Its rollover rating is a dismal two stars out of five from the National Highway Traffic Safety Administration, meaning there is a 30 to 40 percent chance of rolling over in a one-car accident.

The car you buy makes a huge difference in how much you pay for insurance. For instance, in San Diego, Calif., according to the California Department of Insurance, a 25-year-old male can get liability and collision auto insurance on a mid-size sedan for about $2,000. For the same male, the average annual insurance bill for an SUV such as a Montero Sport increases to $2,800, or 40 percent higher.

Drivers may be surprised to find their Honda Civic in the top 10, but Hondas such as the Civic and the Accord are repeatedly high on the theft list, since parts are so valuable on the street, thus pushing premiums up.

BMWs make the list because they are initially expensive to buy and just as expensive to repair. "People who buy cars like this don't buy them to drive them 55 miles per hour," says Donald Griffin of the National Association of Independent Insurers. "So when they have accidents, the repairs are usually much more extensive and costly."

More at...
http://info.insure.com/auto/mostexpensive.html

** The hidden costs of leasing
** Tips for lowering your premiums


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DaBigTickett
Rip the Jacker
DaBigTickett

Rip the Jacker
2002 Toyota Celica GT

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Chino Hills, CA
Feb 23, 2:19am - #109599 
Very interesting Isaac, good info. I wonder where the Celica rates on that list...c00L beanZ spineyes

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RevMonster
Masta OC
RevMonster

Masta OC
2003 Toyota Celica

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Orange County, Ca
Feb 23, 2:22am - #109600 
wtf

I don't know how they are coming up with that list... but it's got to be a faulty formula. They are probably taking the average rate paid for each of those cars... and of course, more kids drive some of the econoboxes on there (thus, MUCH higher rates)...

If I showed you the comparison for the IRG (Insurance Rating Group) between a Mirage and a Celica or anything else, you would see how much less the Mirage would cost for the same person...

Again... wtf wtf confused


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I'm just a shot away from you
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Steven
ECelica Staff
Steven
2001 Spectra Blue Mica Toyota Celica GTS
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Riverside, CA
Feb 23, 2:23am - #109601 
montero sport? I would have never guessed.

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xmangt1
4 All U Haterz!
xmangt1

4 All U Haterz!
2000 Toyota Celica GT

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Chicago, IL
Feb 23, 3:15am - #109602 
Me neither

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isaac
ECelica Admin
isaac
2001 Absolutely Red Toyota Celica GT
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Los Angeles, CA
Feb 23, 4:10am - #109603 
the more claims that owners of these vehicles make, brings the insurance rate up for every other owner of that same vehicle.

EXAMPLE:

first scenario -
You have 100 FORD MUSTANG and only 10 of those make ins claims - the ins will stay low because stats show that out of every 100 MUSTANG, there are only 10 claims

next scenario -
You have 100 HONDA CIVIC and there are 60 claims made for these - the ins will raise because the agencies see that if another 100 of these are sold, they can predict that there will be on average, another 60 more claims...

conclusion -
the rate is higher on a CIVIC since they can predict (by past history) that CIVIC owners report more accidents than MUSTANG owners


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Angelica
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Pittsburgh, PA
Feb 23, 8:23am - #109604 
A civic??? hahaa

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beans
ECelica Jester
beans
2000 white Toyota Celica GTS
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Philadelphia, PA
Feb 23, 8:47am - #109605 
Oh Damn. . . why did a corvette have to make it on the list

I wonder where the hard top corvettes are on the list

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NorwayGT
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NorwayGT

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Seattle, WA
Feb 23, 8:48am - #109606 
Originally Posted by Steven
montero sport? I would have never guessed.

weird


was....5speed with i/h/e
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is....04 srt4 stock
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trog2233
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Williamsport, PA
Feb 23, 8:48am - #109607 
Damn...9. Toyota 4Runner Scrap that idea on gettin one of those frown thumbsdown

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beans
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beans
2000 white Toyota Celica GTS
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Philadelphia, PA
Feb 23, 9:33am - #109608 
Least Expensive Cars to insure

Buick LeSabre
Oldsmobile Silhouette
Honda Odyssey
Buick Park Avenue
Pontiac Montana
Mercury Grand Marquis
Buick Century
Chevrolet Venture
GMC Safari
Oldsmobile Bravada


Ha Ha, Buick made the list 3 times and two for Olds

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CeLlYgT04
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CeLlYgT04

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Orange County, Ca
Feb 23, 10:01am - #109609 
Interesting. I was surprised to find some of those cars on that list thumbsup

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carinv1175
Member
carinv1175

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2003 Toyota Celica

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Pennsylvania
Feb 23, 10:07am - #109610 
That's because no one wants any of those.
Originally Posted by beans
Least Expensive Cars to insure

Buick LeSabre
Oldsmobile Silhouette
Honda Odyssey
Buick Park Avenue
Pontiac Montana
Mercury Grand Marquis
Buick Century
Chevrolet Venture
GMC Safari
Oldsmobile Bravada


Ha Ha, Buick made the list 3 times and two for Olds


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Bakablo1
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Bakablo1
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Ontario, Canada
Feb 23, 3:13pm - #109611 
damn insurance.. whatta waste thumbsdown thumbsdown

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celicaTRDgts
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celicaTRDgts

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Arizona
Feb 23, 3:28pm - #109612 
lol honda cmon wtf


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VSGTS14
05 WRB
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Milford, NJ
Feb 23, 3:29pm - #109613 
nice...

now you know why the 4runner isn't sold as much grin


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LostAngel
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Pennsylvania
Feb 23, 4:49pm - #109614 
I would never have guessed the civic being that much.

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Evan
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Washington
Feb 23, 6:38pm - #109615 
Originally Posted by LostAngel
I would never have guessed the civic being that much.


Their popularity makes them a prime target for theft.


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mikalous
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mikalous

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Canada
Feb 23, 7:22pm - #109616 
Yeah, I blame engine swapping amongst Acura's and Honda's as part of that problem.

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beans
ECelica Jester
beans
2000 white Toyota Celica GTS
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Philadelphia, PA
Feb 23, 7:25pm - #109617 
Originally Posted by mikalous
Yeah, I blame engine swapping amongst Acura's and Honda's as part of that problem.



Uh . . .

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Elec-FuYu
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Elec-FuYu
2003 Silver Toyota Celica
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2003 Toyota Celica

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B.C. Coquitlam
Feb 23, 7:32pm - #109618 
the civic seems rite...cos they report too much accidents...


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stefanoc
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stefanoc

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CA
Feb 23, 9:54pm - #109619 
i understand honda civic being on the list. its a popular car and ppl steal their parts so they can sell them cause there always in need. also damn ricers maybe drive very unsafely and crash them. corvette makes sense also in a way. i duno why, but jsut like i dont like mustangs, i dont like corvettes, and underestimate the drivers, but hey they got the money to buy it

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Eyger
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Eyger

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2000 Toyota Celica

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California
Feb 23, 11:22pm - #109620 
Insurance sucks a lot, think about how much money it eats every year. I want to be self insured.


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Mizery_Machine
Razor Blades
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2002 Silver Toyota Celica GT
Razor Blades
2002 Toyota Celica GT

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Denham Springs, LA
Feb 24, 1:10pm - #109621 
I'm ashamed to admit it but I almost got a Civic once.. cry*sob* Though the first question I asked the salesman was "What happened to that red Celica you had sitting out front?" Glad I held out and didn't get the Civic. thumbsup thumbsup


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Speed4TheNeed
Caleb
Speed4TheNeed

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2000 Toyota Celica

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New Orleans, LA
Feb 24, 3:25pm - #109622 
Originally Posted by Mizery_Machine
I'm ashamed to admit it but I almost got a Civic once.. cry*sob* Though the first question I asked the salesman was "What happened to that red Celica you had sitting out front?" Glad I held out and didn't get the Civic. thumbsup thumbsup


my insurance is the same as my brother's insurance (he drives an '03 civic lx coupe while i drive an '00 celica gts)

sucks for him..i have twice the car he has (although his IS newer)

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