Make Model Type National Average Rate Per Year
1 Maserati Quattroporte S GranSport Luxury sedan $4,823
2 Maserati Ghibli S Q4 GranSport* Luxury sedan  $4,208
3 Tesla Model S Performance (Plaid) All-electric luxury sedan $4,143
4 Tesla Model X Performance (Plaid) All-electric luxury SUV $4,025
5 BMW M760i xDrive Luxury sports sedan $3,914
6 BMW M8 xDrive Luxury coupe $3,907
7 Audi R8 5.2L V10 Spyder Quattro Coupe or convertible sports car $3,863
8 Nissan GT-R Nismo Sports car or Supercar $3,829
9 Maserati Levante GTS Luxury SUV $3,803
10 BMW M5 Competition xdrive Sports sedan $3,777

*Model discontinued after its 2021 edition

average cost of Car Insurance

According to, the average monetary value of car policy is $ 1,758 per year for a full-coverage policy. This total may vary by department of state : median annual insurance costs can run from a humble of $ 1,080 in Maine to a high of $ 3,151 in Michigan. however, the monetary value of car insurance besides depends on many individual factors, which we ’ ll explore below .

Some states perform helpful legwork for consumers. The New York State Department of Financial Services maintains a list of vehicles that many leading insurers are unwilling to insure or will merely insure under sealed conditions or for certain drivers. These limitations are due to “ unfavorable loss experience, high cost or limited handiness of substitution parts, or high larceny records. ”

All vehicles on the Most Expensive Cars To Insure tilt are on New York State ’ s Difficult-to-Insure Automobiles list. While you can placid acquire indemnity through the express ’ sulfur car design, your policy costs will likely be higher and may not cover the sum value of your vehicle .

Why Some Cars Cost More or Less To Insure

different auto-related factors influence a car ’ s indemnity rate. In cosmopolitan, these factors include :

  • Make and model
  • Cost
  • Age (older cars can cost less to insure)
  • Safety features
  • History of repair costs, theft, and damage

many of the vehicles on the Cheapest Cars To Insure list are SUVs. That ’ second because larger, heavier vehicles absorb more crash energy and offer more auspices than smaller and lighter vehicles, according to the Insurance Institute for Highway Safety ( IIHS ). These features may increase a car ’ sulfur safety and possibly decrease insurance costs. In addition, a vehicle ’ s safety can be assisted by crash-worthy design and crash-avoidance sensors and features .

IIHS ’ mho data besides points out that :

  • Very-large pickup trucks have higher losses where property damage liability is concerned (the damage your vehicle causes to others), while midsize sports cars and luxury cars have lower losses.
  • Sports and luxury vehicles have higher collision and comprehensive damage losses. The lowest comprehensive losses include minivans, pickups, SUVs, and vans.
  • Micro, mini, and small four-door cars have the ​​highest personal injury protection, bodily injury liability, and medical payment claim rates (midsize sports cars, midsize SUVs, and large pickups fared best in these categories).

According to Argonne National Laboratory, indemnity costs are alike across powertrains ( engine, infection, and axle ) but depend on size class and the manufacturer ’ randomness suggested retail price ( MSRP ) .

But it ’ s not all about price. For model, the 2021 Nissan GT-R Nismo starts at $ 210,740, while it ’ s possible to buy a 2021 Maserati Quattroporte S GranSport for less, at $ 109,190. Yet, the national average indemnity rate listed above is higher for the Maserati .

If you review many of the vehicles in the “ more expensive to insure ” category, you ’ ll see claims of eminent performance and speed. Marketing terminology may use words like “ exhilaration, ” “ clean, ” “ thrills, ” and “ aggressive. ” Car websites might describe how cursorily it can reach 60 miles per hour. These words may worry risk-averse insurance companies. Sports cars and high-performance cars may be involved in more accidents, and physical damage coverage ( collision and comprehensive ) costs are based on the estimated future claims costs.

other Factors That Affect the price of Car Insurance

many other factors can affect the monetary value of insurance beyond which cable car, truck, or SUV you drive. Your history of accidents or DUIs may greatly increase the annual indemnity price of flush one of the cheapest cars to insure .

personal Factors

A significant component of the insurance party ’ s gamble calculation is assessing your safe, consistent, and reliable personal history related to driving. These factors in your personal history may include :

  • Location, age, gender, and marital status
  • Driving experience and record
  • Claims history
  • Credit history
  • Miles driven
  • Discounts associated with school, employment, continual insurance coverage, or other personal factors

In addition, usage-based policy ( UBI ) uses telematics to observe how you drive over a period of meter. UBI may take into history hazardous force patterns regarding acceleration and barricade, drive times and location, travel rapidly, and if your airbag deploy .

Each state sets its own rules about what insurers can consider when setting car policy rates. In some states, insurers can ’ t consider your gender or credit history .

coverage Factors

cable car insurance costs automatically incorporate state minimums regarding required coverage for bodily injury, place damage, and uninsured or underinsured motorists. Adding or dropping optional coverages—such as collision and comprehensive—can besides affect your car policy rates .

Check the price of Insurance Before You Buy

car policy can be a meaning contributor to the total cost of ongoing car ownership. Premiums for the lapp coverage for the same vehicle can vary, as each policy company has a different way of assessing hazard. That ’ second why it ’ randomness knowing to shop for car policy before purchasing a cable car. Get several quotes on different cars you ’ rhenium considering so you have a better idea of the fully monetary value of owning each vehicle .

frequently Asked Questions ( FAQs )

Are more expensive cars more expensive to insure?

Yes, generally speaking. Sports cars, luxury cars, and high-performance cars may cost more to insure because they besides cost more to repair, may get stolen more frequently, and may be involved in more accidents .

Is it cheaper to insure an older car?

It can be less expensive to insure an older car. however, a fresh car with condom features or a low claims rate may earn you an car policy rebate. Of naturally, if you remove collision and/or comprehensive coverage from an older car you own outright, you may besides save on your annual premium .

How can I lower my car insurance premium?

While some elements of policy are out of your manipulate, there are a few ways to save money on your policy. Drop collision coverage for older cars you ’ ve paid off, and remove any duplicate coverage. For example, you don ’ t need wayside aid if you besides have this coverage from an car club membership. Choose a higher deductible, or consider dropping auto-related health policy if you can rely on your individual health insurance. In some no-fault indemnity states, you may be able to change your personal injury protection ( PIP ) and lawsuit coverages. besides helpful is to maintain an excellent drive record and credit history, and ask your agent about car policy discounts for multiple cars or policies, defensive drive courses, etc .
Correction – Jan. 24, 2022 : This article has been updated to correct the cost to insure a Maserati Quattroporte S GranSport relative to the monetary value to insure a Chrysler Voyager L. It costs about four times adenine a lot to insure the Maserati Quattroporte S GranSport .

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