Not only are insurance rates dependent on the year and condition of the automobiles, they are also sharply influenced by the personal details of the driver. These factors include age, gender, driving and claims records, FICO scores, and where they live.
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According to Forbes, increasing numbers of drivers are opting for SUVs in the United States. Indeed, in spite of rising gas prices, the SUV market has doubled to 14% since 2006. These super luxury SUVs are not just costly to buy and drive, they can be very expensive to insure. So make sure you do the most you can to get the best insurance deal possible.
The Cadillac Escalade
Sold by Cadillac, the luxury brand of General Motors, the Cadillac Escalade is a full-size luxury SUV. The Escalade was introduced into the U.S. market in 1999.
With a six-liter V-8 engine, the Escalade has a 0-60 mph acceleration of 8.2 seconds. The Escalade also comes in a hybrid version and accounts for 20% of the model’s sales. According to Cadillac, the Escalade starts at $63,000 MSRP and goes up to $74,000 MSRP for its hybrid version.
Experts have lauded the Escalade for having a recognizable sleek exterior, easy handling given its heft, and beautifully appointed interiors.
The truck-based SUV does not have very good gas mileage but is a distinctive car with a range of options such as heated and cooling cup holders, tri-zone climate control, and an eight-inch touch screen navigation system.
The BMW X5
The BMW X5 is a midsize luxury vehicle that made its debut in 1999. According to BMW, the X5 is meant