April 5th, 2010

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Top 20 Most Expensive Cars to Insure

Monday, April 5th, 2010

According to a big car enthusiast website jalopnik.com, we present you the 20 most expensive cars to insure. These factors are based on a 40 year old man with a perfect driving record.

1. Porsche 911 GT2

2. Mercedes-Benz S65 AMG

3. Dodge Viper SRT-10 Coupe

4. Porsche Panamera Turbo Sedan

5. Dodge Viper SRT-10 Roadster

6. Mercedes-Benz CL600

7. Audi R8

8. Porsche Panamera S Sedan

9. Mercedes-Benz SL600

10. Porsche 911 Utrbo

11. Mercedes-Benz CL65 AMG

12. BMW M6 Convertible

13. Mercedes-Benz S600

14. Mercedes-Benz SL65 Black Series

15. Mercedes-Benz SL65

16. Mercedes-Benz CL63

17. BMW M6 Coupe

18. BMW 760Li

19. Jaguar XKR Portfoilo

20. Jaguar XKR

So there you have it guys. Top 20 most expensive cars to insure. You guys might wonder why Ferrari, Lamborghini or Bugatti Veyron is not on the list and its probably because those are super rare cars and they are not counted by the average auto insurance companies. The cars on the list are high end expensive cars that CEO’s or wealthy individuals commute to work daily in. With exotic’s such as Ferrari’s and Lamborghini’s you are eligible or a special exotic car insurance which you can read on the Auto Insurance for Classic, Exotic and Specialty Cars Section of this site.

9 Ways to Save Money on Auto Insurance

Monday, April 5th, 2010

A lot of people don’t realize this, but auto insurance is a big expense. For some people with points on their driving record, believe it or not, their auto insurance rate could cost as much as their monthly payment on their car! Here are 9 helpful tips on how to save money on your auto insurance and at the same time getting the most of out of it.

Getting the most out of your money and time.

1. Increase your deductible. I only recommend this step if you have an adequate savings fund in place to cover the cost of the deductible. While raising your deductible can significantly reduce your premiums, the last thing you want to happen is to go into debt after an accident to cover repairs or not have enough to cover the deductible.

2. Drop unnecessary coverage. Comprehensive or collision coverage for older vehicles may not make sense financially. Consider the annual cost to insure older vehicles compared to their potential sale value. It may be that it costs more to insure an older vehicle than it costs to replace one. On the other hand, if you have little savings, insurance may be a relatively inexpensive way to replace an asset worth a few thousand dollars.

3. Buy car insurance and homeowners insurance from the same provider. If you already have a homeowners policy in place, contact the insurer and ask if they offer auto insurance. Chances are you’ll receive a multi-policy discount for purchasing both from a single provider.

4. Shop around, and don’t be afraid to take your search online. Do a little comparison shopping by getting two or three quotes from multiple sources. Use the sponsors we have available. Many of them will give you a quote from many of the leading auto insurance companies, so you don’t have to go from one place to another trying to compare quotes.

5. Inquire about other discounts. When discussing your policy quote with an insurer, specifically ask about any other discounts you may qualify for, such as low-mileage driving, the installation of car alarms or the successful completion of defensive-driving courses.

6. Special discounts. Use one of our sponsors on our site to compare against many of the leading auto insurance companies. Some of them offer special discounts or promotions through our site.

7. Maintain a clean driving record. One of the quickest ways  to increase your car insurance costs is to have an accident or get a ticket for a moving violation. Tickets add points to your license and increase your insurance costs. Accidents increase your risk profile to current and potential insurers and increase premiums.

8. Clean up your credit report. Those not fond of the FICO score may find it objectionable that insurance companies use your score, in part, to determine your premium. However, statistics show a correlation between bad credit and a propensity to receive more tickets and be involved in a crash.

9. Drive “low-profile” cars. That is, drive cars that are not typically a target for thieves or radar guns. Studies have also show certain models and colors are more likely to be stopped for speeding (red sports cars, for instance). In their prime, the two cars shown above would have definitely been high-profile cars.

Saving money on car insurance is a quick way to make a significant reduction in your monthly expenses. Use our sponsors tab on the right to get a FREE Auto Insurance Quote Now!