Ever wonder what the most expensive card to insure are? According to the Insurance Institute for Highway Safety, based on 2004-2006 models, the ten most expensive cars to insure are:
- Cadillac Escalade EXT 4WD
- Subaru Impreza WRX 4WD
- Hyundai Tiburon
- Mitsubishi Lancer
- Scion tC
- Acura RSX
- Nissan Sentra SE-R
- Suzuki Forenza
- Nissan Sentra/Mitsubishi Eclipse
- Chevrolet Cobalt two-door
The ten least:
- Ford Five Hundred 4WD (now the Ford Taurus)
- Buick Rendezvous 4WD
- Buick Lucerne/Buick Rainier 4WD/Honda Odyssey
- Ford Freestyle 4WD/Subaru Outback 4WD
- Buick Rendezvous/Honda Pilot
- Chrysler Town & Country LWB
- Honda Pilot 4WD
- Buick LaCrosse/Chevrolet Uplander/Ford Escape/Volvo V70
- Dodge Grand Caravan/Ford Freestyle 4WD
- Ford Explorer 4WD/GMC Sierra 1500 4WD/Toyota Highlander/Toyota Sienna
Except for the heavy emphasis on sports cars in the more expensive category, there doesn’t seem to be too much trending otherwise. There’s a solid mix of SUVs and sedans in both groups.
10 Most and Least Expensive Cars to Insure [Yahoo! Finance]
FDIC Insurance has been on a lot of people’s minds given the recent conservatorship of IndyMac. Many people that had more than the FDIC insurance limit, which is essentially $100,000 per person per institution, lost their money but if you structure your accounts correctly, one person could easily have many times more coverage. At worst, you could open multiple accounts at different institutions and get coverage that way, there’s almost no reason to have more than the $100,000 limit.
Today’s Seniors has a great explanation and example scenarios of how you can extend the insurance. If you are married with children, there are several ways you can extend your insurance limits. First, each person in the marriage can open an individual account that gives them $100,000 of cover. Then, they can open a joint account that has $200,000 of total coverage. If you’re keeping score, that’s three accounts with $400,000 of coverage ($100k, $100k, $200k). Then, each can open a testamentary (revocable trust) account naming each other as beneficiaries for another $100k each - total of $600k. That’s over half a million dollars in coverage.
Always consult a financial professional before making any decisions, I’m not a financial professional.
