The Costliest 2017 Cars To Insure – Forbes

The Mercedes-Benz S65 AMG Cabriolet is the most-expensive car to insure for 2017 according to Insure.com.

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The Mercedes-Benz S65 AMG Cabriolet is the most-expensive car to insure for 2017, according to Insure.com.

Given that family-minded minivans and SUVs tend to be among the least costly vehicles in the U.S. to insure, it should come as no surprise that top-shelf luxury models and scenery-blurring sports cars with stratospheric sticker prices are the most expensive rides for which to obtain coverage.

Excluding models from the “if you have to ask you can’t afford it” range of exotic cars, the most expensive vehicle to insure for 2017 is the S65 AMG version of the top-of-the-line Mercedes-Benz S-Class Cabriolet with an average yearly premium of $3,835. In fact, Mercedes models occupy six of the top-10 budget-busting models for 2017, according to Insure.com’s annual study of new-vehicle insurance costs. Also represented are muscular models like the Dodge Viper and Nissan GT-R that combine both mind-numbing acceleration and sky-high insurance rates. We’re featuring Insure.com’s 10 models having the priciest premiums in the accompanying slide show

Though we’d guess nobody cross-shops the two vehicular genres, the cheapest car to insure for 2017 is the sedate and family minded Honda Odyssey minivan that costs an annual average of just $1,112 to cover. We’re featuring the 10 cars Insure.com rates as having the lowest average premiums in a separate post.

It doesn’t take a rocket scientist to understand why a car like the Mercedes S65 AMG high-performance flagship convertible and its beefy 621-horsepower V12 engine – which simply begs to be driven fast and furious –  would cost over $2,700 more a year to insure than the sane and sedate Honda Odyssey minivan. For starters there’s the sheer cost of the cars to consider. If totaled immediately after driving off a dealer’s lot, a new Odyssey would cost an insurer around $33,000 to replace, while the aforementioned S65 AMG will require close to $220,000 worth of damage before being declared a total loss.

“Cars that are cheaper to insure typically have fewer claims and are easier to repair. They also will cost much less to replace than vehicles on the expensive list,” explains Penny Gusner, Insure.com’s consumer analyst. “Vehicles that cost less to insure are normally those driven by safe drivers, such as those ferrying around children.”

Note that the figures quoted in Insure.com’s study are averages based on a hypothetical 40-year-old male driver having a pristine driving record who would typically be quoted among the lowest available rates. (see below for a rundown on the survey’s methodology). Younger drivers – particularly single male teens – those having one or more traffic tickets and/or accidents on their records, and/or living in crowded and crime-ridden urban neighborhoods will pay a lot more.

Of course, we’d bet that few new-car shoppers with $220,000 to spend on a flashy new luxury/sports car bother to consider a car’s insurance rates, but it behooves the rest of us to shop around every year or two to make sure we’re getting the best rates and are being credited for all the available discounts to which we’re entitled, and to compare costs of various models we’re considering before heading to a dealer’s showroom.

In Pictures: 10 Most-Expensive Cars To Insure For 2017.

The Fine Print: Insure.com’s survey was conducted by Quadrant Information Services, with rates based on more than 2,800 car models quoted from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state. Some models, particularly exotic cars, were excluded. Estimates are based on an unmarried 40-year-old male driver with good credit, no accidents or moving violations who drives 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

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See also: The Cheapest 2017 Cars To Insure.

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