Most Expensive Cars to Insure
The most expensive cars to insure usually come with an expensive price tag, like the Nissan GT-R and Dodge Viper with auto insurance rates around $208/mo. Keep in mind that your insurance rates on these vehicles will vary based on where you live and the insurance limits you’re required to carry. Your individual driving record may bump your rate considerably, as will your age and driving experience, and your location.
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Jeff Root
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Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
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UPDATED: Jan 8, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
A big chunk of your auto insurance premium is determined by what kind of car you drive. No matter how safe a driver you are, some cars cost more to replace or leave you vulnerable to more serious injuries in an accident. Insurance companies account for all these and other factors. So we thought it’d be prudent to look at the “most expensive cars to insure.”
Forbes once again came up with the list, which is based on a 40-year old male driver who commutes 12 miles per day to work, has policy limits of $100,000 for injury liability for one person, $300,000 for total injuries, and $50,000 for property damage (learn more about auto insurance liability limits).
There is a $500 deductible for collision and comprehensive coverage, and the policy includes uninsured motorist coverage.
Keep in mind that these numbers must be taken with a grain of salt, because a number of factors contribute to how expensive or inexpensive your car insurance will be, aside from the value of the car itself (how are car insurance rates determined). Each individual can qualify for a different set of discounts that bring down the cost of insurance. So while companies like USAA and Geico are generally the cheapest, some drivers will find better rates or better coverage somewhere else.
For example, your individual driving record may bump your rate considerably, as will your age and driving experience, and your location.
But all things being equal, let’s take a look at the most expensive cars to insure, by annual insurance premium, shall we:
1. Nissan GT-R – $2,533
2. Dodge Viper – $2,446
3. BMW M6 – $2,236
4. Ford Shelby GT500 – $2,186
5. Mercedes-Benz G-Class – $2,088
6. Audi S8 – $2,071
7. BMW M5 – $2,020
8. Hummer H2 – $1,912
9. Lexus ISF – $1,881
10. Porsche 911 – $1,819
What makes some cars more expensive to insure than others?
Some things about auto insurance are more obvious than others. For example, you’ll pay more to insure a Porsche than you would a Honda CR-V. The estimated replacement cost you’d find on Kelley Blue Book or other similar sites is a factor.
Older cars aren’t always cheaper to insure than brand new models, though. This is because drivers who drive vehicle models with more safety features qualify for more discounts automatically. With all the factors that go into an annual premium, the best approach is to determine which car meets your needs considering your zip codes and other factors. Then get quotes from different insurance companies for that car to find the most affordable annual premium that covers your repair costs and other claim-related costs. It’s easier than you might think.
(photo: mujitra)
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.