The 20 Most Expensive Cars to Insure: Luxury Vehicles That Will Break Your Bank
Luxury and high-performance vehicles often come with hefty price tags, but their costs extend beyond the initial purchase. Insurance premiums for these automobiles can be particularly steep, reflecting their elevated repair and replacement expenses.
The 20 most expensive cars to insure represent a mix of exotic supercars, powerful sports cars, and high-end luxury vehicles. These models typically feature advanced technologies, specialized components, and limited production runs that contribute to their elevated insurance costs. Factors such as horsepower, theft rates, and historical claim data also play significant roles in determining insurance premiums for these vehicles.
1. Bugatti Chiron Super Sport 300+
The Bugatti Chiron Super Sport 300+ stands at the pinnacle of automotive engineering and performance. This hypercar boasts a quad-turbocharged 8.0-liter W16 engine, producing an astonishing 1,578 horsepower.
With a top speed of 304.77 mph, it holds the record for the fastest production car in the world. The Chiron Super Sport 300+ accelerates from 0 to 60 mph in just 2.4 seconds.
Its extreme performance capabilities and exclusive production run of only 30 units contribute to its exceptionally high insurance costs. Factors such as repair expenses, replacement part costs, and specialized maintenance requirements significantly impact insurance premiums.
The vehicle’s rarity and desirability also make it a target for theft, further increasing insurance rates. Owners of this ultra-luxury hypercar can expect to pay substantial premiums to protect their investment.
2. Lamborghini Aventador SVJ
The Lamborghini Aventador SVJ ranks high on the list of expensive cars to insure. This Italian supercar boasts a powerful 6.5-liter V12 engine, producing an impressive 770 horsepower.
With a top speed of 217 mph and the ability to accelerate from 0 to 60 mph in just 2.8 seconds, the Aventador SVJ is a high-performance vehicle that commands steep insurance premiums.
Its limited production run and exotic materials contribute to its high value, increasing the cost of repairs and replacements. The car’s advanced aerodynamics and sophisticated technology also play a role in elevating insurance rates.
Insurance companies consider the Aventador SVJ a high-risk vehicle due to its extreme performance capabilities and the potential for costly accidents. These factors combined make it one of the most expensive cars to insure on the market.
3. Ferrari SF90 Stradale
The Ferrari SF90 Stradale stands out as one of the most expensive cars to insure. This hybrid supercar combines a powerful V8 engine with three electric motors, delivering a total output of 986 horsepower.
Its high-performance capabilities and advanced technology contribute to its elevated insurance costs. The SF90 Stradale can accelerate from 0 to 60 mph in just 2.5 seconds, reaching top speeds of 211 mph.
The vehicle’s exotic materials, including carbon fiber components and specialized electronics, make repairs costly. These factors, coupled with its limited production numbers, drive up insurance premiums.
Insurance companies consider the SF90 Stradale a high-risk vehicle due to its extreme speed potential and high value. Owners can expect to pay substantial premiums to protect their investment in this cutting-edge Ferrari model.
4. Porsche 911 Turbo S
The Porsche 911 Turbo S stands out as one of the most expensive cars to insure. Its high-performance capabilities and premium price tag contribute to elevated insurance costs.
With a top speed of over 200 mph and acceleration from 0 to 60 mph in less than 3 seconds, the 911 Turbo S presents a higher risk profile for insurers. The advanced technology and specialized components in this luxury sports car also increase repair costs.
Insurance companies consider the vehicle’s theft risk, which is higher for sought-after models like the 911 Turbo S. The car’s powerful engine and rear-wheel drive configuration may lead to more frequent claims, further driving up premiums.
Owners of the Porsche 911 Turbo S can expect to pay significantly more for comprehensive coverage compared to average vehicles. The exact insurance costs vary based on factors such as the driver’s history, location, and chosen coverage levels.
5. Rolls-Royce Phantom
The Rolls-Royce Phantom stands as one of the most luxurious and expensive cars to insure. Its high-end materials, advanced technology, and powerful engine contribute to its steep insurance costs.
The Phantom’s hefty price tag, often exceeding $450,000, plays a significant role in its insurance premiums. Repair and replacement costs for this ultra-luxury vehicle are exceptionally high.
Insurance companies consider the Phantom a high-risk vehicle due to its powerful 6.75-liter V12 engine. This engine produces over 560 horsepower, making it attractive to thieves and increasing the likelihood of accidents.
The car’s unique features, such as hand-crafted interiors and custom paint options, further drive up insurance costs. These elements require specialized repairs, often involving skilled craftsmen.
Owners of the Rolls-Royce Phantom typically opt for comprehensive coverage, including agreed value policies. These factors combine to make the Phantom one of the priciest vehicles to insure.
6. Aston Martin DBS Superleggera
The Aston Martin DBS Superleggera stands out as one of the most expensive cars to insure. This luxury grand tourer combines powerful performance with elegant design, making it a coveted vehicle among enthusiasts.
With a twin-turbocharged V12 engine producing 715 horsepower, the DBS Superleggera accelerates from 0 to 60 mph in just 3.4 seconds. Its high-performance capabilities contribute to increased insurance premiums.
The car’s exotic materials, including carbon fiber body panels and a lightweight aluminum chassis, add to its repair costs. These factors, along with the vehicle’s high purchase price, result in substantial insurance rates.
Limited production numbers and the car’s desirability also play a role in its expensive insurance costs. The rarity of replacement parts and specialized repair requirements further drive up insurance premiums for this prestigious Aston Martin model.
7. Bentley Bentayga Speed
The Bentley Bentayga Speed is a luxury SUV that commands high insurance premiums. Its powerful W12 engine produces 626 horsepower, propelling the vehicle from 0-60 mph in just 3.8 seconds.
The Bentayga Speed’s top speed of 190 mph contributes to its elevated insurance costs. Its high-end materials and advanced technology systems also increase repair expenses in case of accidents.
Insurance companies consider the Bentayga Speed’s hefty price tag when calculating premiums. The vehicle’s attraction to thieves due to its prestige and value further impacts insurance rates.
The Bentayga Speed’s performance capabilities may lead insurers to view it as a higher risk. Its powerful engine and quick acceleration could potentially result in more severe accidents, influencing coverage costs.
8. McLaren 720S
The McLaren 720S is a high-performance supercar that commands premium insurance rates. Its powerful 4.0-liter twin-turbocharged V8 engine produces 710 horsepower, propelling the vehicle from 0 to 60 mph in just 2.9 seconds.
The car’s advanced carbon fiber construction and sophisticated aerodynamics contribute to its exceptional performance. These cutting-edge features, combined with the vehicle’s rarity and high repair costs, significantly impact insurance premiums.
Insurers consider the McLaren 720S a high-risk vehicle due to its extreme speed capabilities and the potential for costly repairs. The car’s advanced technology and specialized parts make it expensive to fix in case of damage or accidents.
The McLaren 720S’s desirability among enthusiasts also increases its theft risk, further driving up insurance costs. Its limited production numbers and exclusive status make it a target for thieves, necessitating additional coverage and security measures.
9. Mercedes-AMG GT R
The Mercedes-AMG GT R stands out as one of the most expensive cars to insure. This high-performance sports car combines luxury with blistering speed, making it a coveted yet costly vehicle to protect.
With a powerful 4.0-liter V8 biturbo engine producing 577 horsepower, the GT R accelerates from 0 to 60 mph in just 3.5 seconds. Its top speed of 198 mph contributes to its elevated insurance premiums.
The car’s advanced technology and specialized parts also factor into its high insurance costs. Features like active aerodynamics, rear-wheel steering, and a lightweight carbon fiber construction require specialized repairs.
Insurance companies consider the GT R’s high replacement value and the increased likelihood of theft due to its desirability. These factors, combined with its performance capabilities, result in substantial insurance rates for owners.
10. Pagani Huayra Roadster
The Pagani Huayra Roadster ranks among the most expensive cars to insure. This Italian hypercar boasts a twin-turbocharged V12 engine producing over 750 horsepower.
Its carbon fiber construction and advanced aerodynamics contribute to its astronomical price tag, often exceeding $2.5 million. The rarity and high repair costs of the Huayra Roadster drive up insurance premiums significantly.
Insurance companies consider the vehicle’s performance capabilities when setting rates. The Huayra Roadster’s top speed of over 230 mph and rapid acceleration pose increased risk factors.
Limited production numbers also play a role in high insurance costs. With only 100 units manufactured, replacement parts and specialized repair knowledge are scarce and expensive.
11. Maserati MC20
The Maserati MC20 stands out as one of the most expensive cars to insure. This high-performance supercar combines Italian craftsmanship with cutting-edge technology, making it a coveted and costly vehicle to protect.
With its powerful V6 engine producing over 600 horsepower, the MC20 accelerates from 0 to 60 mph in under 3 seconds. This impressive performance contributes to its high insurance premiums, as insurers consider the increased risk associated with such speed capabilities.
The MC20’s carbon fiber monocoque chassis and advanced aerodynamics enhance its performance and safety. However, these sophisticated components also raise repair costs, further escalating insurance rates.
Limited production numbers and exclusive status add to the MC20’s value, making it a target for theft. This factor, combined with its high price tag, leads insurers to charge substantial premiums to cover potential losses.
12. Koenigsegg Jesko
The Koenigsegg Jesko stands as one of the most expensive cars to insure. This hypercar boasts extraordinary performance capabilities, with a twin-turbocharged V8 engine producing up to 1,600 horsepower.
Its top speed exceeds 300 mph, making it one of the fastest production cars in the world. The Jesko’s advanced aerodynamics and lightweight carbon fiber construction contribute to its exceptional handling and speed.
With a limited production run and a price tag in the millions, the Jesko’s rarity and value significantly impact insurance costs. Its high-performance components and specialized materials also increase repair expenses, further elevating insurance premiums.
The Jesko’s extreme power and speed potential classify it as a high-risk vehicle for insurers. This classification, combined with its astronomical value, results in exceptionally high insurance rates for owners of this Swedish hypercar.
13. Lexus LC 500
The Lexus LC 500 is a high-performance luxury coupe that commands substantial insurance premiums. Its powerful 5.0-liter V8 engine, producing 471 horsepower, contributes to its costly coverage.
The vehicle’s advanced technology features and sophisticated safety systems also factor into its insurance rates. These components are expensive to repair or replace, increasing potential claim costs for insurers.
The LC 500’s sleek design and use of premium materials like carbon fiber reinforce its status as a luxury vehicle. This classification typically results in higher insurance premiums compared to standard cars.
Its limited production numbers and exclusivity further influence insurance costs. Rarity can make parts more expensive and repairs more specialized, leading insurers to charge higher rates to offset potential expenses.
14. Tesla Model S Plaid
The Tesla Model S Plaid stands out as one of the most expensive cars to insure. Its high-performance electric powertrain and advanced technology contribute to elevated insurance costs.
With its impressive acceleration and top speed, the Model S Plaid falls into a higher risk category for insurers. The vehicle’s cutting-edge features and expensive components also play a role in increasing premiums.
Repair costs for the Model S Plaid tend to be higher than average due to specialized parts and the need for technicians with specific expertise. This factor further drives up insurance rates for owners.
The car’s high purchase price also influences insurance costs, as more expensive vehicles generally require more coverage. Insurers take into account the potential financial loss in case of theft or total loss.
15. BMW M8 Competition Coupe
The BMW M8 Competition Coupe stands as a high-performance luxury vehicle that commands substantial insurance premiums. Its powerful 4.4-liter twin-turbocharged V8 engine produces 617 horsepower, propelling the car from 0 to 60 mph in just 3 seconds.
This impressive performance, coupled with advanced technology and luxurious features, contributes to its higher insurance costs. The M8 Competition Coupe’s carbon fiber components and specialized parts increase repair expenses in the event of an accident.
Insurance companies also consider the car’s high theft risk due to its desirability among car enthusiasts. The vehicle’s limited production numbers and exclusivity further drive up insurance rates.
Owners of the BMW M8 Competition Coupe can expect to pay significantly more for insurance compared to standard BMW models. The combination of performance, luxury, and rarity makes this vehicle one of the most expensive cars to insure.
16. Audi R8 V10 Performance
The Audi R8 V10 Performance is a high-performance sports car that commands premium insurance rates. Its powerful 5.2-liter V10 engine produces 602 horsepower, propelling the vehicle from 0 to 60 mph in just 3.2 seconds.
The car’s advanced technology and exotic materials contribute to its hefty insurance costs. Carbon fiber components, a sophisticated all-wheel-drive system, and cutting-edge electronics increase both repair expenses and theft risk.
Its limited production numbers and desirability among collectors further drive up insurance premiums. The R8 V10 Performance’s high top speed of 205 mph also factors into insurers’ risk calculations.
Owners can expect to pay significantly more for coverage compared to standard vehicles. The combination of high performance, advanced technology, and exclusivity places the Audi R8 V10 Performance among the most expensive cars to insure.
17. Chevrolet Corvette Z06
The Chevrolet Corvette Z06 is a high-performance sports car that commands significant insurance premiums. Its powerful 6.2-liter V8 engine produces 670 horsepower, making it a target for theft and a potential risk on the road.
The Z06’s carbon fiber components and advanced technology contribute to its high repair costs. These factors, combined with its impressive acceleration and top speed, place it among the most expensive vehicles to insure.
Insurance companies consider the Z06’s appeal to driving enthusiasts and its likelihood of being driven at high speeds. The car’s rarity and specialized parts also play a role in its elevated insurance rates.
Owners of the Chevrolet Corvette Z06 can expect to pay considerably more for coverage compared to standard vehicles. The car’s performance capabilities and replacement value significantly impact insurance calculations.
18. Nissan GT-R Nismo
The Nissan GT-R Nismo stands as a high-performance variant of the already potent GT-R. This supercar boasts impressive power and advanced technology, contributing to its high insurance costs.
Under the hood, the GT-R Nismo packs a twin-turbocharged 3.8-liter V6 engine, producing 600 horsepower. Its exceptional acceleration and top speed make it a thrill to drive but also increase the risk profile for insurers.
The car’s sophisticated all-wheel-drive system and aerodynamic enhancements provide superior handling and stability. These advanced features, while improving performance, also raise repair and replacement costs in the event of an accident.
Nissan equips the GT-R Nismo with high-end components and materials, including carbon fiber body panels. The specialized nature of these parts leads to higher repair expenses, directly impacting insurance premiums.
The GT-R Nismo’s status as a sought-after performance car also makes it a target for theft, further contributing to its position among the most expensive vehicles to insure.
19. Jaguar F-Type R
The Jaguar F-Type R ranks among the most expensive cars to insure. This high-performance luxury sports car combines power and elegance, making it a coveted choice for enthusiasts.
With a supercharged 5.0-liter V8 engine producing 575 horsepower, the F-Type R delivers exhilarating acceleration and speed. Its advanced all-wheel-drive system enhances traction and handling, contributing to its impressive performance capabilities.
The F-Type R’s sleek design and premium materials elevate its status as a luxury vehicle. These factors, combined with its high-performance nature, result in substantial insurance costs for owners.
Repair and replacement expenses for the F-Type R’s specialized components can be significant. Insurance companies factor in these potential costs when determining premiums for this model.
The car’s appeal to driving enthusiasts and its high theft risk also contribute to increased insurance rates. These elements make the Jaguar F-Type R one of the priciest vehicles to insure in today’s market.
20. Ford GT
The Ford GT ranks among the most expensive cars to insure. This high-performance supercar boasts impressive specifications and a hefty price tag, factors that contribute to its elevated insurance costs.
With its powerful engine and advanced technology, the Ford GT demands specialized coverage. Insurance providers consider the vehicle’s rarity and potential repair expenses when calculating premiums.
The car’s high top speed and acceleration capabilities also play a role in insurance pricing. These performance features increase the risk of accidents and costly claims, leading to higher rates for owners.
Additionally, the limited production numbers of the Ford GT make replacement parts scarce and expensive. This scarcity further drives up the cost of potential repairs and, consequently, insurance premiums.
Owners of the Ford GT can expect to pay significantly more for insurance compared to standard vehicles. The combination of performance, rarity, and repair costs solidifies its position as one of the priciest cars to insure.
Factors Influencing Car Insurance Costs
Car insurance costs are determined by a variety of factors related to the vehicle itself and its perceived risk profile. These elements play a crucial role in how insurance companies calculate premiums for different makes and models.
Car Value and Market Price
The value of a vehicle significantly impacts insurance costs. Expensive cars generally cost more to insure due to higher repair and replacement costs. Luxury vehicles and rare models often have specialized parts, increasing repair expenses.
Insurance companies consider the car’s market price when determining premiums. High-end vehicles may require more comprehensive coverage, leading to higher rates. Depreciation also affects insurance costs, with newer cars typically costing more to insure than older models.
Insurers use data on theft rates for specific makes and models. Cars that are frequent targets for theft may have higher premiums to offset the increased risk of claims.
Vehicle Performance and Engine Size
High-performance vehicles and those with larger engines typically incur higher insurance costs. These cars are often associated with increased accident risk due to their speed capabilities.
Sports cars and vehicles with powerful engines may attract higher premiums. Insurance companies view them as more likely to be involved in accidents or traffic violations.
Engine size correlates with potential repair costs. Larger engines are generally more expensive to fix or replace, leading to higher insurance rates.
Fuel efficiency can also impact insurance costs. More efficient vehicles may receive slightly lower rates due to perceived lower usage or environmental considerations.
Safety Ratings and Features
Cars with high safety ratings often qualify for lower insurance premiums. These vehicles are seen as less likely to result in severe injuries or extensive damage in accidents.
Advanced safety features like anti-lock brakes, airbags, and electronic stability control can reduce insurance costs. These technologies help prevent accidents and minimize injury severity.
Vehicles equipped with anti-theft devices may receive discounts on insurance. Features such as GPS tracking systems and immobilizers reduce the risk of theft, lowering premiums.
Crash test results influence insurance rates. Cars that perform well in safety tests are considered less risky to insure, potentially resulting in lower costs for policyholders.
Insurance Coverage Options and Their Impact
Different types of auto insurance coverage significantly affect premiums for expensive cars. Each option provides specific protections and comes with varying costs.
Comprehensive Coverage
Comprehensive coverage protects against non-collision related damages. This includes theft, vandalism, natural disasters, and falling objects. For high-end vehicles, comprehensive coverage is crucial due to their elevated repair and replacement costs.
Insurance companies consider the car’s value and susceptibility to theft when determining premiums. Luxury and sports cars often have higher comprehensive rates due to their desirability among thieves.
Some insurers offer specialized comprehensive coverage for collector cars or limited-edition models. These policies may include agreed-value coverage, ensuring full compensation for the car’s worth in case of total loss.
Collision Coverage
Collision coverage pays for repairs or replacement if the insured vehicle collides with another car or object. For expensive cars, collision coverage premiums are typically high due to costly repairs and parts.
Factors influencing collision coverage rates include:
- Vehicle make and model
- Repair costs
- Safety features
- Driver’s history
High-performance cars often have steeper collision premiums due to their increased accident risk and specialized repair requirements.
Some insurers offer diminishing deductibles or accident forgiveness programs to help offset the high costs of collision coverage for luxury vehicles.
Liability Coverage
Liability coverage protects against damages the insured driver causes to others. While not directly tied to the vehicle’s value, liability coverage for expensive cars can still be costly.
Reasons for higher liability premiums include:
- Increased lawsuit risk (wealthy owners perceived as targets)
- Potential for causing more damage in accidents
- Higher limits often required for luxury car owners
Many insurers recommend umbrella policies for expensive car owners to provide additional liability protection beyond standard auto insurance limits.
Some companies offer specialized liability coverage for high-net-worth individuals, including protection against reputation damage or legal fees in complex cases.
Tips for Reducing Car Insurance Costs
Car insurance costs can be managed through smart strategies and responsible driving habits. These approaches can lead to significant savings on premiums over time.
Bundling Insurance Policies
Insurance companies often offer discounts for bundling multiple policies. Combining auto insurance with homeowners or renters insurance can result in lower overall costs. Some insurers provide savings of up to 25% for bundling.
Bundling simplifies bill management by consolidating payments. It also creates a stronger relationship with the insurance provider, potentially leading to better customer service and claim handling.
When considering bundling, compare quotes from different insurers. The combined price should be lower than purchasing separate policies from different companies.
Maintaining a Clean Driving Record
A clean driving record is crucial for keeping insurance costs down. Avoiding accidents and traffic violations demonstrates responsible driving behavior to insurers.
Many companies offer safe driver discounts, which can reduce premiums by 10-30%. These discounts typically require:
- No at-fault accidents in the past 3-5 years
- No moving violations in the past 3 years
- Completion of a defensive driving course
Some insurers use telematics devices to monitor driving habits. Safe driving practices recorded by these devices can lead to additional discounts.
Choosing Higher Deductibles
Opting for a higher deductible can significantly lower monthly premiums. The deductible is the amount paid out-of-pocket before insurance coverage kicks in.
Increasing a deductible from $500 to $1000 can reduce premiums by 10-20%. However, it’s important to choose a deductible that’s affordable in case of an accident.
Before raising the deductible, consider:
- Personal savings to cover the higher amount
- The car’s value and repair costs
- Driving habits and accident likelihood
A higher deductible works best for experienced drivers with a history of safe driving.