For any car, insurance is a must. Any sort of body deformity to the car structure due to any unforeseen event can result in large financial expense for the owner. For providing this financial security, car insurance is absolutely mandatory. Insurance is essential for the most expensive cars to insure.
Expensive Cars to Insure
The case becomes even more complicated when expensive cars are taken into consideration. First of all, we are talking about lavish cars or your beloved vintage cars which are priced high. Even a small scratch, can force the owner to dig deep into his pocket. Secondly, the overall look of the car is easily spoilt even by the slightest damage. A small sized dent can easily spoil the class of an expensive car. There are certain factors which an insurance company uses to determine the premium for a car. We will focus on the world’s most expensive cars to insure.
Insurance companies charge higher for a small sized car. A recent study has backed the fact. The smaller cars can be over sped easily. Thus the risk of accidents is higher. This may come to appear as a surprise to those who feel smaller cars tend to be secure in terms of damage control.
It is quite simple to comprehend. If the spare parts of the vehicle are easily available, the premium will be lesser. Compare this to a car whose parts are difficult to get. And you may have to pay a higher premium.
Higher the engine power, more likely the car is going to be accident prone. Since engine power directly relates to speed; Insurance companies set the premium depending on the engine strength.
If the car is security proof, it is likely to be charged less in the form of insurance premium. Advanced security features assist in keeping the robbers away from the car. Latest cars have been manufactured enabled with wireless technologies and keyless entry to implement high-level security.
If the car manufactured domestically in a country where the insurance company operates then the insurance premium is likely to be much lesser as compared to an imported car.
The type of car is also a crucial factor. A family car is less likely to be prone to accidents. A sports car, or classic car insurance on the other hand, is highly susceptible to accidents due to its high speed and ease of transmission.
The most significant factor in cars to ensure is the car’s cost. Naturally, if the car cost is high, higher will be the insurance premium. Hence expensive cars insured at sky high prices.
The most expensive cars to insure in the world are
Mitsubishi Lancer Evolution
Also known as the Lancer Evo, it has had ten official versions to date. It uses a five-speed manual transmission system. Also, a unique twin clutch system incorporated. The car has been the recipient of many internationals wards till date.
Classes as a superior and technically excellent car, it is a sub-class of the original Mercedes series. It has a two-door coupe body type. The newer models of the car incorporate a seven-speed automatic transmission system.
The car has the dual distinction of being the most expensive and fastest on-road car in the world! It employs a seven-speed transmission to achieve such superior performance. Usually, the body style is of a two-door coupe.
It is basically a sports car manufacturer Dodge Company. It incorporates a five-speed manual transmission. The car is basically a four-door Sedan. The car also inculcates the side skirts and a stylishly designed rear fascia.
It is an all-wheel symmetric car, available in dual modes of hatchback and Sedan. It has the simple configuration of a four-door car. The car also has a wonderful suspension system in addition to the razor-sharp braking system.
Available in the dual mode of a coupe and convertible. The car knew for its stylish nature. The first eight-cylinder car manufactured by the Jaguar Company. The vehicle made available in a two-door format.
The above cars insured at very high prices. It is very essential to consider the various factors before choosing an insurance policy for the most expensive cars to insure.