What kinds of cars have higher insurance rates?
The kind of car you have is a determining factor in how much your insurance rates will be. For example, sports cars often carry high premiums.SignificanceIf you have a high-performance sports car, there is a good chance that you will pay high insurance premiums. Such a car usually has a lot of horse power and is built for speed.ConsiderationsOne high-performance car is the 2009 Nissan GT-R, which has 485 horsepower and costs $76,840. This car has higher insurance premiums than any other 2009 automobile, according to Moneycentral.MSN.com. The average annual premiums are $2,533.WarningAccording to MSN.moneycentral.com, cars that are targeted for theft have higher insurance premiums. One such automobile is the Cadillac Escalade. This car is in the top 10 percent of the most expensive cars to insure.TypesA Camaro or Mustang is likely to have high insurance premiums. These types of cars attract a lot of younger drivers, who have a tendency to drive fast, according to Peppercoin.com.Expert I
