The Porsche Carrera GT2 has the most expensive insuranc... The Porsche Carrera GT2 has the most expensive insurance premiums of all 2010 models (Porsche).

In the market for a Porsche Carrera GT2? First, congratulations on being our hero. Next, be prepared for one of the most expensive ownership experiences on the road, Porsche parts and labor not withstanding. According to a study by, the Carrera GT2 is the most expensive vehicle to insure out of all 2010 models in the U.S., running owners almost $3,000 annually. And that’s assuming the owner is a 40-year old male with an excellent driving record, two categories a large percentage of Americans don’t fit into.

Rounding out the top 5 most expensive cars to insure are the Mercedes S65 AMG ($2863.03/year), the Dodge Viper SRT-10 2 Door Coupe ($2851.89/year), the Porsche Panamera Turbo AWD ($2837.39/year), and the Dodge Viper SRT-10 2 Door Convertible ($2815.90 /year).

Fortunately, most cars don’t cost nearly that much to insure. On the other end of the spectrum, for instance, is the Mazda Tribute I 2WD - the least expensive vehicle to insure – which on average costs owners a modest $1,070.25 annually. Along with the Tribute I, the study found the least expensive vehicles to insure are the Honda Odyssey LX ($1095.26/year), Mazda Tribute I 4WD ($1103.29/year), Chrysler Town & Country LX ($1119.83/year), and the Jeep Wrangler X ($1124.38/year).

Looking across other categories, the study found that the Dodge Caliber is the least expensive passenger car to insure ($1,196/year), the GMC Canyon WT the least expensive pickup ($1,152.39/year), and the Honda Odyssey LX the least expensive minivan ($1,095.26/year) in average national premiums.

The study covered more than 2,400 vehicles nationwide. To calculate the average premium for each model, the study used the following method:

“Averages are based on a single 40-year-old male driver who commutes 12 miles to work, 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. The policy includes uninsured motorist coverage. Rates were averaged across 10 ZIP codes in each state and six major insurance companies.”

The profile of the average person that drives a particular model has considerable influence on the model’s average insurance rates, the study found. For example, smaller cars tend to be driven by younger, more inexperienced drivers and, therefore, tend to be more expensive to insure. Rates also tend to go up with horsepower, which is why the list of the most expensive cars to insure contains some of the most powerful vehicles available.

Because some models, especially exotic cars like Bentleys and Lamborghinis, are not available for calculating insurance, they were excluded in the study. However, you can bet their monthly premiums aren't chicken feed.

The study cautioned that the average rates are for comparative purposes only and that auto owners’ personal rates will depend on their personal factors. Depending on one’s age, gender, and driving record, the cost to insure a vehicle could be significantly higher or lower than the national average for a particular model.

Insurance rates are a big expense when owning a vehicle and we recommend doing your homework before you buy. Getting quotes based on your personal factors and the model in consideration is free, quick, easy and will end up saving you some financial pain every month.

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