Thanks to advances in technology, cars come equipped with more capabilities than ever while also being assembled with speed and precision. Technologies, such as blind spot detection and backup cameras, have become standard features and new concepts are being explored daily.
Such advanced vehicles impact the type of insurance coverage needed. Among other factors, the make and model of the vehicle affects the type of coverage required. Between 2010 and 2016 car insurance premiums have increased by 33%. In a given year, insurance companies make claim payments of roughly $900 on average per vehicle. 24/7 Wall St. reviewed the 25 most expensive cars to insure and according to their analysis large or midsize luxury vehicles take the lead. The least expensive vehicles to insure are small to midsize SUVs. The data was provided by the Insurance Institute for Highway Safety, a nonprofit research organization funded by auto insurers.
Click here to check out the complete list of the 25 most expensive cars to insure.