Many factors go into the cost of car insurance and in today’s marketplace the actual cost may be less important to some than actually being able to insure the car you either own or want to own. As insurance companies are voluntarily leaving California due to alleged regulatory issues it pays to know the long term costs of the vehicles you want to drive. Here are four of the most expensive vehicles to drive and the reasons why they are so expensive.
Tesla Model S – This is a wonderful car to own and can be a lot of fun to drive. These factors come at the cost of repair. With parts still being in short supply and nothing to speak of in aftermarket parts you must rely on the manufacturer as the sole provider. This can mean lengthy repairs and that shifts the burden to the vehicle owner. We have heard stories of months long repairs and that can mean extended car rentals along with making monthly payments on something you may not see for an extended period of time.
Tesla Model 3 – This Tesla costs less for the initial purchase and due to the design, you will deal with many of the same issues at the Tesla Model S. Also, if the battery is even slightly damaged the cost of repair may exceed the replacement value of the vehicle.
Dodge Challenger – This is one of the most popular muscle cars in America. This car is fast, powerful and some say easy to lose control of. The power of the car often exceeds to skill of the driver and that’s when crashes happen. When a crash happens at high speed the results are magnified. Insurers are aware of this and base their premiums accordingly!
BMW 7 Series – The leader in this category changes from time to time. The BMW 7 has become a target of thieves and insurance companies know this and base their premium accordingly. There are documented cases of high end luxury vehicles like the BMW 7 Series being placed in a container and shipped out of the country.
Smart consumers do a great deal of research on the overall cost of ownership before actually purchasing their next car. Many of the newer cars have multiple on-board computers and with some of the new safety features it can exceed $2,000 to simply replace a broken front window! Do your research before going to the car lot. This could save you thousands of dollars over the life of the car!
We represent people who are injured because of the careless and reckless acts of others. At the end of the day your case can only be settled one time and you need to know all of the facts beforehand. The reason that insurance companies have paid our clients in excess of $130,000,000.00 is that we get the facts and are not intimidated at the prospect of going to trial when insurance companies fail to offer full compensation. We help with serious injuries that require serious representation. We are the Law Offices of Guenard & Bozarth, LLP. Our attorneys have more than 60 years of experience specializing in only representing injured people. Call GB Legal 24/7/365 at 888-809-1075 or visit www.gblegal.com We would be honored to represent you!
