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Tesla Model S Tops List Of Most Expensive To Insure

• by Steven Loveday

From 2010-2016, auto insurance premiums rose some 33 percent and they've climbed even higher over the past few years. Many variables determine your car insurance premiums, such as age, driving record, and geographic location. However, the car you choose could have a drastic impact.

Insurance costs by vehicle, as well as claim frequency, are collected and reported by the Insurance Institute for Highway Safety (IIHS), which is a non-profit that's funded via auto insurance companies. Its data reveals that insurance companies pay an average of $900 in claims per vehicle per year. Many vehicles fall in the ~$600 per year range, while others average claim costs that are over double that figure.

Financial news, commentary, and analytical website 24/7 Wall St. (per USA Today) pointed out today's 25 cars that cost the most to insure. As expected, many of the most expensive rates were for large or midsize luxury vehicles. The more expensive the vehicle, the better chance it will cost you more to insure. The Tesla Model S is the most expensive car to insure on the new list, with average annual rates at $1,789.48 and average annual collision rates at $1,310.40. Please note that the source article specifics, "To avoid repetition, each model nameplate was listed only once, and the more expensive version to insure is always listed."

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