Top ten most expensive cars to insure

What are the most expensive cars to insure? It's a question we often get and it's why every year we do our own review of the most recent information available through the Insurance Bureau of Canada's "How Cars Measure Up" publication.

Insurance companies rate cars based on the claims history of that vehicle. They look at things like accident frequency, repair costs, theft, vandalism and safety ratings (to name a few) for each make and model. The more money insurance companies have to pay in claims for a particular car, the more expensive that car is likely to insure.

Based on collision and comprehensive coverage claims and theft costs and frequency indexes, the following 2010 and 2009 model year vehicles are likely to cost more to insure:

2010's most expensive	2009's most expensive
Toyota Highlander Toyota RAV4 Acura MDX Toyota Tundra Honda Odyssey Toyota Camry Dodge Ram 1500 Chevrolet/GMC Silverado/Sierra 2500 Chevrolet Camaro Hyundai Genesis	Toyota Venza Toyota Highlander Toyota RAV4 Ford F350 SD Ford F250 SD Lexus RX350 Acura TL Infiniti FX35/FX50 Audi Q7 Dodge Ram 3500

Don't see your car on this list? Perhaps it's one of the 10 least expensive cars to insure.

Lower your auto insurance rates

Whether or not your car is listed, you can take steps to keep your auto insurance premiums in check:

• Increase your deductibles. Policyholders with deductibles set to $500 could save up to five per cent by raising them to $1,000. Don't raise them too much though because this is how much you'll have to pay should you need to submit an insurance claim.



• Check out discounts. Car insurance discounts can not be ignored when you could save, for example, up to: five per cent if you change your tires seasonally; or five to 15 per cent if you insure both your car and home insurance with the same insurer.



• Pay annually instead of monthly. Depending on your insurer, you could save money by paying your annual premium all at once, instead of setting up a monthly payment plan. Many companies charge a little extra to cover the cost of administering your monthly payments.

To uncover more money-saving tips, read the Top 10 secrets to cheaper auto insurance.