10 Most Expensive Cars to Insure – When shopping for a new car, most people focus on performance, comfort, or style. However, one often-overlooked cost that comes after the purchase is insurance. The make, model, and overall value of a vehicle can significantly influence how much you pay for coverage.
While luxury cars are a dream to own, they can be a financial challenge to insure. This is because the more powerful, rare, and expensive a car is, the more it costs to repair or replace. In this article, we will be discussing 10 Most Expensive Cars to Insure.
10 Most Expensive Cars to Insure
Below is an in-depth look at 10 Most Expensive Cars to Insure and the reasons behind their high premiums.
1. Maserati Quattroporte
The Maserati Quattroporte frequently ranks as the most expensive car to insure in the United States. Its high-performance engine, luxurious features, and rare parts make it costly to repair or replace. Because Maserati is a luxury brand with limited production, sourcing parts and finding specialized repair services adds to the overall expense.
The average annual insurance cost for a Maserati Quattroporte can reach well over $7,000. Insurers view this model as a high-risk vehicle due to its value, speed, and repair complexity, leading to higher premiums.
2. Maserati Ghibli
Another Maserati that makes the list is the Ghibli. This luxury sports sedan has a reputation for speed, elegance, and advanced technology. However, its powerful engine and expensive maintenance needs drive up its insurance costs.
Repairs require specialized technicians, and even minor damages can be costly to fix. The average annual insurance premium for the Maserati Ghibli is around $6,300. Owners of this vehicle pay more because insurers factor in the potential repair costs, theft risks, and the overall high value of the car.
3. BMW M8 Gran Coupe
The BMW M8 Gran Coupe is one of BMW’s most advanced and luxurious high-performance cars. Its twin-turbocharged V8 engine provides incredible speed and acceleration, making it a favorite among car enthusiasts.
However, that same power contributes to higher insurance premiums. The car’s expensive parts, intricate design, and advanced safety systems increase repair costs significantly. The average annual insurance premium for a BMW M8 Gran Coupe can be around $5,900, depending on location and driver history.
4. Audi RS7
The Audi RS7 is a blend of luxury and performance. With its sleek design and 591-horsepower engine, it offers both comfort and power. Unfortunately, that power comes with a price when it comes to insurance.
The Audi RS7 is expensive to repair because of its advanced engineering and high-end materials. A single accident can result in massive repair bills, and insurance companies take this into account. The average annual insurance cost for an Audi RS7 can exceed $5,700.
5. Mercedes-AMG EQS
As electric vehicles continue to grow in popularity, luxury electric models like the Mercedes-AMG EQS are also entering the high-insurance-cost category. This vehicle features advanced battery systems, digital displays, and performance capabilities that rival gas-powered sports cars.
However, electric cars are still costly to repair, especially when it comes to battery replacement or electrical system damage. The average annual insurance cost for the Mercedes-AMG EQS is estimated to be around $5,600, reflecting its status as a premium electric performance vehicle.
6. Nissan GT-R
The Nissan GT-R, often nicknamed “Godzilla,” is a high-performance sports car designed for speed and precision. While it is less expensive than some luxury European brands, it still comes with a hefty insurance price tag.
The GT-R’s 565-horsepower engine and aggressive performance profile make it more prone to high-speed accidents, which increases insurance risk. Additionally, its unique parts and high repair costs contribute to its average annual insurance premium of about $5,600.
7. Audi e-tron GT
The Audi e-tron GT is another electric luxury vehicle that comes with high insurance rates. With its advanced technology, futuristic design, and top-tier performance, it offers an unmatched driving experience.
However, electric cars often cost more to repair because of their specialized components and the need for certified technicians. The e-tron GT’s insurance premium can average around $5,500 annually. Insurers also consider the high market value of the vehicle, as replacing it after a total loss would be extremely costly.
8. Audi RS6 Avant
The Audi RS6 Avant is a luxury sports wagon that combines practicality with raw power. With a twin-turbo V8 engine, it delivers the performance of a sports car in a family-friendly body.
Despite its size, the RS6 Avant’s powerful engine and expensive materials make it costly to insure. The vehicle’s repair costs, high-performance components, and limited availability of replacement parts drive up insurance rates, averaging around $5,400 annually.
9. Porsche Panamera Turbo
The Porsche Panamera Turbo offers speed, comfort, and style all in one package. It’s not surprising that it’s one of the most expensive Porsches to insure.
The car’s high-speed capability, luxury interior, and precision engineering mean that repairs are extremely costly. Insurers also take into account that Porsche vehicles are often driven by enthusiasts who may push their cars to higher limits. The Panamera Turbo can cost over $5,300 per year to insure, depending on the driver’s profile and location.
10. Tesla Model S Plaid
The Tesla Model S Plaid is one of the fastest electric cars in the world, capable of going from 0 to 60 mph in under two seconds. While it offers cutting-edge technology and top-tier performance, it is also one of the most expensive cars to insure.
Electric vehicles like the Model S Plaid come with advanced battery systems and digital components that are expensive to repair or replace. Furthermore, because Tesla’s repair network is limited, parts availability and labor costs tend to be high. Insurance premiums for the Tesla Model S Plaid can average about $5,200 per year.
Why These Cars Are So Expensive to Insure
Several factors influence why luxury and high-performance cars are more expensive to insure. The first is their overall value. The more expensive a car is to buy, the more it costs an insurance company to repair or replace it after an accident.
Secondly, repair and maintenance costs are significantly higher for luxury cars because they often use specialized parts and require skilled technicians. Thirdly, performance and speed also play a role. High-performance cars are statistically more likely to be involved in accidents or speeding incidents, increasing risk. Lastly, theft risk is another major factor. Luxury and exotic cars are more attractive targets for theft, and this risk drives premiums higher.
Conclusion
While owning a luxury or high-performance car can be an incredible experience, it comes with significant financial responsibilities—including high insurance premiums. Cars like the Maserati Quattroporte, BMW M8 Gran Coupe, and Tesla Model S Plaid are admired for their style and power, but their repair costs and risk factors make them some of the most expensive vehicles to insure.
If you plan to own one of these cars, it’s important to factor in insurance expenses as part of your overall budget. You can also explore ways to reduce your premiums, such as maintaining a clean driving record, increasing your deductible, and installing anti-theft devices. Understanding these factors will help you enjoy your dream car while keeping your finances in check.
