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Joined: May 2002
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isaac
ECelica Admin
isaac Feb 23, 8:33am - #109598 
2001 Absolutely Red Toyota Celica GT
ECelica Admin
2001 Toyota Celica GT

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Los Angeles, CA
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 Feb 23, 9:19am - #109599 

Rip the Jacker
2002 Toyota Celica GT

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Posts: 1,572
Chino Hills, CA
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 Feb 23, 9:22am - #109600 

Masta OC
2003 Toyota Celica

Joined: Oct 2003
Posts: 2,030
Orange County, Ca
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

I'm just a crosshair
I'm just a shot away from you
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Posts: 3,295
Steven
ECelica Staff
Steven Feb 23, 9:23am - #109601 
2001 Spectra Blue Mica Toyota Celica GTS
ECelica Staff
2001 Toyota Celica GTS

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Riverside, CA
montero sport? I would have never guessed.
Joined: Jul 2003
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xmangt1
4 All U Haterz!
xmangt1 Feb 23, 10:15am - #109602 

4 All U Haterz!
2000 Toyota Celica GT

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Posts: 1,587
Chicago, IL
Me neither
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isaac
ECelica Admin
isaac Feb 23, 11:10am - #109603 
2001 Absolutely Red Toyota Celica GT
ECelica Admin
2001 Toyota Celica GT

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Los Angeles, CA
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
Hyper-Girrrl
Angelica Feb 23, 3:23pm - #109604 
Hyper-Girrrl

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Pittsburgh, PA
A civic??? hahaa
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beans
ECelica Jester
beans Feb 23, 3:47pm - #109605 
2000 white Toyota Celica GTS
ECelica Jester
2000 Toyota Celica GTS

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Posts: 1,154
Philadelphia, PA
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
Specialist
NorwayGT Feb 23, 3:48pm - #109606 

Specialist
2004 Dodge SRT4

Joined: Aug 2003
Posts: 2,269
Seattle, WA
Originally Posted by Steven
montero sport? I would have never guessed.

weird

was....5speed with i/h/e
15.41 @ 89.30mph 2.282 60'

is....04 srt4 stock
13.936 100.15mph 2.177 60'
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trog2233
ECelica Staff
trog2233 Feb 23, 3:48pm - #109607 

ECelica Staff
2004 GMC Canyon Z-71

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Posts: 2,043
Williamsport, PA
Damn...9. Toyota 4Runner Scrap that idea on gettin one of those frown thumbsdown
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beans
ECelica Jester
beans Feb 23, 4:33pm - #109608 
2000 white Toyota Celica GTS
ECelica Jester
2000 Toyota Celica GTS

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Philadelphia, PA
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
Specialist
CeLlYgT04 Feb 23, 5:01pm - #109609 

Specialist

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Posts: 2,034
Orange County, Ca
Interesting. I was surprised to find some of those cars on that list thumbsup
Joined: Feb 2004
Posts: 156
carinv1175
Member
carinv1175 Feb 23, 5:07pm - #109610 

Member
2003 Toyota Celica

Joined: Feb 2004
Posts: 156
Pennsylvania
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

IT IS WHAT IT IS AND EVERYTHING IS EVERYTHING.
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Bakablo1
Specialist
Bakablo1 Feb 23, 10:13pm - #109611 
Specialist

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Ontario, Canada
damn insurance.. whatta waste thumbsdown thumbsdown
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celicaTRDgts
Specialist
celicaTRDgts Feb 23, 10:28pm - #109612 

Specialist
02 Toyota Celica

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Arizona
lol honda cmon wtf

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VSGTS14
05 WRB
VSGTS14 Feb 23, 10:29pm - #109613 

05 WRB
2005 Subaru WRX STi

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Posts: 10,123
Milford, NJ
nice...

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

SUBARU TECNICA INTERNATIONAL
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LostAngel
Specialist
LostAngel Feb 23, 11:49pm - #109614 
Specialist

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Posts: 1,619
Pennsylvania
I would never have guessed the civic being that much.
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Posts: 4,658
Evan
Rebel
Evan Feb 24, 1:38am - #109615 

Rebel
2003 Toyota Celica GT

Joined: Apr 2003
Posts: 4,658
Washington
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
Member
mikalous Feb 24, 2:22am - #109616 

Member
2000 Toyota Corolla

Joined: Sep 2003
Posts: 331
Canada
Yeah, I blame engine swapping amongst Acura's and Honda's as part of that problem.
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Posts: 1,154
beans
ECelica Jester
beans Feb 24, 2:25am - #109617 
2000 white Toyota Celica GTS
ECelica Jester
2000 Toyota Celica GTS

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Posts: 1,154
Philadelphia, PA
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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Posts: 2,454
Elec-FuYu
Specialist
Elec-FuYu Feb 24, 2:32am - #109618 
2003 Silver Toyota Celica
Specialist
2003 Toyota Celica

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Posts: 2,454
B.C. Coquitlam
the civic seems rite...cos they report too much accidents...

I am a HID Maniac!!
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stefanoc
Specialist
stefanoc Feb 24, 4:54am - #109619 

Specialist
2002 Toyota Celica

Joined: Oct 2003
Posts: 1,864
CA
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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Posts: 1,168
Eyger
Specialist
Eyger Feb 24, 6:22am - #109620 

Specialist
2000 Toyota Celica

Joined: Jan 2004
Posts: 1,168
California
Insurance sucks a lot, think about how much money it eats every year. I want to be self insured.

Knowing the path and choosing the path are two different things.
Joined: Nov 2003
Posts: 419
Mizery_Machine
Razor Blades
Mizery_Machine Feb 24, 8:10pm - #109621 
2002 Silver Toyota Celica GT
Razor Blades
2002 Toyota Celica GT

Joined: Nov 2003
Posts: 419
Denham Springs, LA
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

Mizery loves company.
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Posts: 6,372
Speed4TheNeed
Caleb
Speed4TheNeed Feb 24, 10:25pm - #109622 

Caleb
2000 Toyota Celica

Joined: Aug 2003
Posts: 6,372
New Orleans, LA
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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