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Insurance Guide

Cheaper cars may not be least expensive to insure

A low MSRP is no guarantee of low insurance rates. That's according to a new report from U.S.-based Insure.com.

Published June 26, 2012
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A low MSRP is no guarantee of low insurance rates. That’s according to a new report from U.S.-based Insure.com.

For example, it costs an average of $2,353 per year to insure a 2012 Honda Civic compact sedan, yet a 2012 Toyota Sienna minivan will cost only $1,111 annually.

Although they cost more than small cars to buy initially, minivans, trucks and SUVs are the least expensive vehicles to insure, and tend to be driven by older, safer drivers.

The Sienna had the lowest average insurance cost in the Insure.com study, followed by the Jeep Patriot and Dodge Grand Caravan.

The 2012 Audi R8 Spyder topped the list of most expensive vehicles to insure, at $3,384 per year.

Next Mustang engine to be turbo-four

In an article speculating about the 2015 Focus RS, the U.K.’s Top Gear magazine says the next-generation Mustang coupe will get the same turbocharged four-cylinder as the compact hot hatch when it arrives “around 2014.”

The 1984 to ‘86 limited-edition SVO was the last time a turbo-four powered a Mustang. Created by Ford’s in-house Special Vehicles Operations department, the Pinto-sourced mill pushed out a relatively high 175 hp.

Thirty years later, the 2.3-litre displacement remains, but the engine’s output may double.

Modern technology is allowing Ford insiders to boast the new Mustang’s blown four will produce “at least 320 hp”.

Tesla’s new Model X hits the Jackpot

Although it’s not planned to go into production until the end of 2013, Tesla’s Model X pure-electric crossover has generated $40 million in advance sales only one day after its unveiling last week, according to The Detroit News.

The seven-passenger Model X is based on the Tesla S electric sedan, a model that is scheduled to go on sale sometime this year.

Tesla says the Model X will offer all-wheel drive and accelerate from 0 to 100 km/h per hour in 4.4 seconds — faster than a Porsche 911 Carrera — and will be priced “competitively with other premium SUVs.”

Hyundai is pondering separate Genesis brand

Korea’s Hyundai is exploring the idea of selling its rear-wheel-drive premium vehicles — the Equus, Genesis sedan and Genesis Coupe — under a new sub-brand called, well, Genesis.

Before the first Genesis was launched in 2009, Hyundai planned on launching cars in separately branded facilities.

But Hyundai dealers had just gone through an expensive corporate facility upgrade program, and solidly rejected spending the extra funds on what would be a low-volume sales proposition.

And even with the success of the current models, according to a report in the Automotive News, U.S. dealers still oppose a new luxury sales channel with separate showrooms.

Instead, vehicles in a Genesis sub-brand, if approved, would occupy a separate area within Hyundai showrooms.

Big Bentley SUV is all set for its Swiss debut

According to the U.S.’s AutoWeek, ultra-luxury carmaker Bentley is working feverishly to present an SUV concept for next month’s Geneva auto show.

Apparently, the concept will be powered by a 12-cylinder engine, and have “legitimate off-road capability.”

At the Detroit auto show in January, Bentley CEO Wolfgang Duerheimer told the press that the U.K.-based brand is preparing a business case to sell about 2,500 units of the SUV annually, and the SUV would be the most expensive vehicle in its segment.

The Bentley would share its platform with other Volkswagen Group SUVs, like the Audi Q7, Porsche Cayenne, VW Touareg, and a future Lamborghini as well.

Bond gets his old aston martin ride back

The most famous Bond movie car ever is making its return in the next 007 movie.

England’s The Sun newspaper is saying Bond’s Aston Martin DB5 will be seen in Skyfall, the latest film in the long-running franchise, due in theatres this November.

The latest Bond DB5 movie car, complete with a “weapons dashboard,” was seen during filming in Glencoe, Scotland.

First seen in 1964’s Goldfinger, a DB5 was also used the following year in Thunderball, as well as GoldenEye (1995), Tomorrow Never Dies (1997), and Casino Royale (2006).

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