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Car Insurance Sticker Shock

Car Insurance Sticker Shock Nissan GT-R Nismo, West Chester, OH

Car Insurance Sticker Shock

These 10 Cars Will Set You Back!

Car insurance sticker shock is a self-inflicted injury, usually that is.  In my 37 years of experience, the so called “car insurance sticker shock” develops shortly after acquiring too many tickets, or having too many accidents.  But there is another way! Read on…

A recent study completed for a competitor in this industry, the publisher took a look at 1522 different auto models and compiled an average rate for each car in each state based upon ten different unique state zip codes and a 40 year old driver  Then they did the math and arrived at the 10 cars you might be well to avoid if you don’t want to suffer car insurance sticker shock.  The survey reported the ten vehicles with the highest average insurance cost.  Here they are:

Rank

10

9

8

7

6

5

4

3

2

1

Manufacturer

Mercedes Benz

Mercedes Benz

BMW

BMW

Porsche

Audi

Porsche

Dodge

Mercedes Benz

Nissan

Model

CLS63 AMG 4matic

CLS63 AMG 4matic Wagon

M6 Convertible

760 Li

Panamera Turbo Executive

R8 5.2 Sypder Quattro

Carerra S Cabriolet

Viper SRT

SL65 AMG Convertible

GT-R Nismo (Shown Above)

Avg Ins Cost

$2,972

$3,042

$3,115

$3,147

$3,174

$3,206

$3,216

$3,318

$3,573

$3,574

The survey was conducted using the rates of Allstate, Farmers, Nationwide, State Farm, Geico and Progressive and found the rates varied a lot from state to state and territory to territory within a state.  The rates were based on a 40 year old male living in each of the target zip codes and the survey findings didn’t reveal whether he was married or had other cars in the household, or what other discounts he might be enjoying.  Clearly, these average premiums would bring on car insurance sticker shock but most of these cars are beyond the budget of people of average means.  However, if you piled on an accident or violation surcharge, these prices could get absolutely ridiculous and almost everyone would take notice.

So if you are looking for a way to shock your old heart into action and (don’t have a defibrulator handy), the latter cars will bring on car insurance sticker shock.  In fact, if you have a weak heart, these ten cars will not help you avoid sudden car insurance sticker shock.  (I bet they are fun to drive.  The NiBy the way, the Nissan GT-R Nismo rocks out at an estimated $149,900 price tag so right along with your car insurance sticker shock, you’d have a $10,500 sales tax bill and a monthly payment of $2,229 at zero percent interest and 72 installments.  Maybe the $3,574 premium for the car doesn’t look so bad setting besides the monthly payment numbers!  Oh, and lest I forget, the car has 600+ horsepower, gets a blended miles per gallon of about 19 MPG.  It does the standard 0-to-60 in a jaw dropping 2.9 seconds, will reach 191 MPH and Car & Driver magazine says this car is called Godzilla.  All of this out of a 3.8 Liter V-6 motor too!  Sounds like holding on is good advice once the pedal is punched down.

ABOUT THE AGENT & AUTHOR

Almost daily I help clients figure out what a change of vehicle will cost to guide them as they seek out the best buy in an auto and to avoid car insurance sticker shock after the car is already at home.  With a Vehicle Identification Number (VIN #), and you’re already a client, I can determine pretty close what your insurance will cost you on a new car.  I’m here most days from 9-5 Monday through Friday and other hours by appointment.  If you’re looking for the care and attention of a 37 year veteran of the insurance business, call me.  My name is Terry McCarthy.  Dial (513) 779-7920.  I’m licensed in Michigan, Ohio and Indiana and would love to hear from you.  Here’s to you avoiding car insurance sticker shock!

About "Terry McCarthy"

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