When you buy a car, it’s important that you take into account more than just the overall cost of the vehicle. Other factors to keep in mind include maintenance costs and car insurance. Depending on the make and model of car, annual insurance premiums for your chosen vehicle can actually get quite expensive.
Why do rates have to be so high? Auto insurance companies want to protect their investment in case of an accident, so they assign higher rates to more expensive makes and models. Plus, sports cars tend to have the highest rates because of the added risk that comes with driving this type of car.
Cars with the Most Expensive Annual Premium
Fortunately, by doing just a little bit of research before you buy a car, you can determine if the car you want will end up costing you more for insurance. You can start by checking the insurance rates by car model to figure out the most expensive vehicles to own. Here’s a list of some of the most expensive cars to insure.
1. Bugatti Chrion Sports 110 Ans
Topping the list of vehicles with the highest car insurance rates is the Bugatti Chrion Sports 110 Ans. And while many car buyers can’t afford this super-expensive sports car, if you can, plan on shelling out a cool $50,251 a year just to insure it. At a new car price of $3.6 million, who can blame an insurance company for charging so much?
2. Mercedes-Benz AMG GTR
Next up on the list of the most expensive cars to insure is the Mercedes-Benz AMG GTR. This slick sports car costs around $4,082 a year to insure.
3. Audi R8 5.2L V10 Quatro Performance
Another sporty model is the Audi R8 5.2L V10 Quatro Performance. Costing around $4,033 annually to insure, the 2020 Audi R8 is an all-wheel drive coupe labeled as a supercar.
4. Nissan GT-R
Able to achieve a top speed of 205 MPH, the Nissan GT-R is a speed lover’s dream. It is also super expensive to insure, coming in at around $3,994 per year.
5. BMW M8 Competition XDrive Convertible
The BMW M8 Competition XDrive Convertible costs around $3,953 annually to ensure. The 8-speed automatic is loved by car enthusiasts worldwide, especially for its 600-plus horsepower and speed of 190 MPH. Zoom zoom!
6. Mercedes-Benz AMG S65
Costing roughly $3,911 to ensure, the Mercedes-Benz AMG S65 has quick acceleration and a top speed of 186 MPH. With a reliable AMG engine, this model holds its value about five percent better than other Mercedes models.
7. Porsche Panamera
The Porsche Panamera is the sole Porsche on the list. Unlike many Porsches, the Panamera is an affordable $100,000. Yes, that’s affordable for a stylish Porsche! Still, the car costs about $3,887 per year to insure.
8. BMW i8
The BMW i8 hybrid sports car utilizes a butterfly door design and a partially false engine noise to give it that true sports car feel. Costing about $148,000 for the coupe and over $164,000 for the roadster versions, the BMW i8 costs $3,603 to insure.
9. Mercedes-AMG SL 63
More affordable than the SL 65, the Mercedes-AMG SL 63 is also less costly when it’s time to buy insurance. Over $300 cheaper at around $3,549 annually for insurance, the SL 63 has better gas mileage and a little more cargo space than the SL 65, though this luxury vehicle “only” has a V8 engine in comparison to the V12 of the SL 65.
10. Mercedes-Benz S 560 4MATIC
The Mercedes-Benz S 560 4MATIC features the car maker’s proprietary 4MATIC all-wheel-drive system. Costing less than the other models in the Mercedes S-class of vehicles, the Mercedes-Benz S 560 4MATIC is also the least expensive car to insure on this list at only $3,514 per year. That’s not exactly cheap car insurance, but we’ll take it. Thanks, Mercedes!