The Top 10 Cheapest Luxury Cars to Insure

Find out if you’re getting ripped off on your car insurance in less than two minutes.
No long forms · No spam · No fees
  • Cheapest luxury cars
  • Lexus GX
  • BMW 535i
  • Lexus ES
  • Audi A5
  • Jaguar XE
  • Mercedes-Benz ML
  • BMW 550
  • Audi Q8
  • BMW X1
  • Audi RS5
  • What impacts my insurance rate?
  • FAQs
According to real quotes from Jerry drivers, the cheapest luxury car to insure is none other than the luxurious yet sporty Lexus GX Premium.
There are many factors that go into calculating your insurance rates, but the bottom line is that some luxury vehicles are simply less costly to insure than others.
That’s why comparison insurance app Jerry used car insurance quotes from real customers to find the cheapest luxury cars to insure in the US from 2010 onwards.
Jerry’s usefulness doesn’t stop there.
Drivers that switch insurers with Jerry save an average of $879 annually on their car insurance!
RECOMMENDED
Compare auto insurance policies
No spam or unwanted phone calls · No long forms · No fees, ever
Find savings (100% Free)

The Top 10 Cheapest Luxury Cars to Insure

Luxury cars aren’t usually synonymous with cheap car insurance, but that doesn’t mean you have to pay a wildly-inflated insurance premium.
In fact, drivers that own the luxury cars on this list save big on their insurance rates when they switch insurers with Jerry.
See for yourself!
“It has been so easy to use, I felt so lost trying to find car insurance before this app! I messed something up so I had to call support. Took no longer than 15 mins on the phone and they got me a great rate for full coverage insurance on my luxury vehicle. I will only be using this app from now on and I will recommend to all of my friends! Thanks so much!” - Satisfied Jerry User

Lexus GX Premium

A luxury vehicle with impressive off-roading capabilities.
This luxury crossover SUV seats seven, has a knack for off-roading, and has an exceptionally quiet cabin.
It comes with a standard infotainment screen, but its software isn’t quite up to the luxury-car standard.
That being said, if you can forgo your Apple CarPlay in favor of exceptional off-roading capabilities, the Lexus GX might be a good pick.
Not to mention, it’s the cheapest luxury car to insure and Lexus GX owners saved an additional $360 when they switched to Jerry!
  • Average annual premium before Jerry: $1560
  • Average annual premium after Jerry: $1200
  • Miles per gallon: City 15/ highway 19
  • Car and Driver Safety Rating: 5 (2021)
  • List Price: $54,275 (2021)

BMW 535i

When it comes to enjoying a powerful and luxurious driving experience, the BMW 535i does it all.
The BM5 series provides a comfortable and enjoyable driving experience and offers up a quiet ride and a fuel-efficient 4 cylinder engine that will get you where you need to go in style.
By opting for the base-level trim can help you save big on your insurance costs, while still having the “luxury feel” to boot.
Consider the versatile BW5i over models like the Audi Q7 Premium Plus if you want to save on insurance without having to skimp on luxury.
  • Average annual premium before Jerry: $2173
  • Average annual premium after Jerry: $1332
  • Miles per gallon: City 25/ highway 32
  • Car and Driver Safety Rating: 7.5/10 (2021)
  • List Price: $55,195 (2021)

Lexus ES 350

Great value and great potential to save on your insurance costs in the long-run.
The Lexus ES series are stylish sedans that offer a faultless ride.
The ES 350 is a luxury upgrade over the standard base model, but you won’t have to worry about paying more for your insurance just to have all those fun extras.
What extras?
The Lexus ES sports 18-inch wheels, semi-aniline leather upholstery, a hands-free trunk, and an eye-catching wood-and-leather steering wheel.
Opt for the Lexus ES over sportier sedans like the Dodge Charger if you are looking for a sophisticated way to save on your insurance.
  • Average annual premium before Jerry: $2697
  • Average annual premium after Jerry: $1356
  • Miles per gallon: City 22/ highway 32
  • Car and Driver Safety Rating: 6.5 (2021)
  • List Price: $41,025
RECOMMENDED
Compare auto insurance policies
No spam or unwanted phone calls · No long forms · No fees, ever
Find savings (100% Free)

Audi A5 Prestige

The Audi A5 Prestige is flashy, fun, and affordable to insure.
Who doesn’t love a classy convertible?
The Audi A5 Prestige is a mid-range trim upgrade of this sporty luxury sedan. Thankfully, those deluxe features won’t cost you in added insurance fees either.
If you are looking for a convertible that combines a lavish driving experience with the thrill of a powerful engine, opting for the Audi A5 Prestige over sportier picks like the Chevrolet Camaro LT could help you save on your insurance bill.
  • Average annual premium before Jerry: $1620
  • Average annual premium after Jerry: $1512
  • Miles per gallon: City 24/ highway 31
  • Car and Driver Safety Rating: 7.5 (2021)
  • List Price: $54,495 (2021)

Jaguar XE

The Jaguar XE features a sleek exterior design that is bound to turn heads.
The Jaguar XE is a great pick for anybody who loves a ride that looks just as stylish as it is fun to drive.
A high-performance engine and excellent handling help ensure a delightful driving experience.
Jaguar stopped releasing the XE line in 2021. If you want a brand new ride that won’t cost you a bundle to insure, try out the new Jaguar XF instead.
  • Average annual premium before Jerry: $2412
  • Average annual premium after Jerry: $1614
  • Miles per gallon: City 26/ highway 34
  • Car and Driver Safety Rating: 7 (2021)
  • List Price: $40,950 (2021)

Mercedes-Benz ML 350 4MATIC

Where luxury and towing capacity meet.
The 2015 Mercedes Benz M series wasn’t around for long but it remains popular for its perfect combination of luxury and sport.
A fantastic choice for adding a splash of class to your outdoor adventures, the Mercedes-Benz ML 350 4Matic trim level is also one of the most affordable luxury cars to insure.
If you can’t get your hands on a pre-owned ML 350, the Audi Q8 is a great affordable luxury alternative.
  • Average annual premium before Jerry: $3492
  • Average annual premium after Jerry: $1616
  • Miles per gallon: City 17/ highway 23
  • Car and Driver Safety Rating: 6 (2021)
  • List Price: $49,225 (2021)
RECOMMENDED
Compare auto insurance policies
No spam or unwanted phone calls · No long forms · No fees, ever
Find savings (100% Free)

BMW 550 GT

The BMW 550 GT upgrades your driving experience without having to worry about paying through the roof for your insurance.
This luxury car has room to spare and a powerful turbo V8 engine.
That being said, it doesn’t have the best handling in comparison to other cars in its class and it may leave something to be desired in the storage department.
Still, investing in an understated luxury model like the BMW 550 GT can help you save big on car ownership costs over sportier models like the Ford Mustang.
  • Average annual premium before Jerry: $2376
  • Average annual premium after Jerry: $1620
  • Miles per gallon: City 25/ highway 32
  • Car and Driver Safety Rating (2021): 7.5/10
  • List Price: $77,795

AUDI Q8 Premium Plus

If you’re an outdoor enthusiast who loves a luxurious ride, the Audi Q8 Premium Plus is an obvious choice.
The Audi Q8 is robust and durable, yet sleek and sophisticated.
You won’t regret your decision to upgrade your Audi Q8 to the Premium Plus trim level and enjoy added features, comfort, and long-term savings.
Granted that the BW5 550 listed above is currently discontinued, the Audi Q8 makes for a great alternative that lets you save on insurance without missing out on the most modern features and tech.
  • Average annual premium before Jerry: $2796
  • Average annual premium after Jerry: $1632
  • Miles per gallon: City 17/ highway 21
  • Car and Driver Safety Rating: 7.5 (2021)
  • List Price: $73,145 (2021)
RECOMMENDED
Compare auto insurance policies
No spam or unwanted phone calls · No long forms · No fees, ever
Find savings (100% Free)

BMW X1 sDRIVE28i

A pragmatic luxury vehicle.
For those who still want to enjoy a deluxe driving experience without having to splurge for all the bells and whistles, the 2wd BMW X1 sDrive28i puts practicality first.
Its nimble handling and four-cylinder engine create an enjoyable ride with a solid fuel economy.
Not to mention, this affordable luxury ride comes with equally affordable insurance rates.
If you want to save in the long term, the base-level Audi X1 offers a comparable experience to competitors like the Infiniti Q50 without the hefty insurance price tag.
  • Average annual premium before Jerry: $2343
  • Average annual premium after Jerry: $1680
  • Miles per gallon: City 24/ highway 29
  • Car and Driver Safety Rating: 9 (2021)
  • List Price: $36,395 (2021)

Audi RS5

The ultimate combination of performance and high-style.
The sporty Audi RS5 has a beautiful look and ride. Not to mention, it’s a great pick for anybody who is looking for a level of performance that’s a cut above.
Its twin-turbo V-6 engine and standard Quattro all-wheel-drive deliver an unmatched handling experience. Not to mention, it looks pretty cool.
The fact that it is so affordable to insure might even help to justify the high initial price tag.
The Audi RS5 will satisfy those cravings for powerful performance without coming with the costly insurance price tag of other vehicles in its class.
  • Average annual premium before Jerry: $2856
  • Average annual premium after Jerry: $1740
  • Miles per gallon: City 18/ highway 25
  • Car and Driver Safety Rating: 8 (2021)
  • List Price: $76,145 (2021)
RECOMMENDED
Compare auto insurance policies
No spam or unwanted phone calls · No long forms · No fees, ever
Find savings (100% Free)

Factors that impact your car insurance rate

The type of vehicle you drive is always important to consider—but it isn’t the only factor to keep in mind when looking at your insurance quotes.
Vehicle size
Generally speaking, people driving large vehicles are less likely to be injured on the road. This means that larger vehicles sometimes come with paradoxically small insurance premium figures.
Vehicle type
The more specialized components and features, the more costly your repair bills are likely to be if you are involved in an accident.
This can factor in heavily when dealing with luxury cars that often have specialized features and tech that aren’t offered in most standard models.
Sometimes sticking to a base-level luxury model can pay off, but this isn’t always the case so make sure you look into insurance fees for the trim upgrade you want before you commit.
Driving record
If you have recent accidents on your driving record, your insurance company is probably going to consider you riskier to insure than a driver with a clean record.
Likewise, DUIs and other serious infractions can often cause your rates to multiply.
Vehicle safety ratings and features
The safer that a vehicle is, the lesser the risk that it will be involved in an accident. Since luxury vehicles tend to offer better performance, their safety ratings can suffer as a result.
This is another reason that some luxury vehicles can be costly to insure.
Location
Almost all states have minimum legal insurance minimums in place, and the more insurance you are required to have, the more you will pay for a basic vehicle insurance package.
This means that rates can vary a lot from state to state. In addition, some major insurance providers will only offer their services in certain states.
Age
Long-time drivers with clean records will usually snag better rates than younger drivers since they have already proven their driving experience and are statistically less likely to be involved in an accident.
Marital status
If you have tied the knot, you might be able to snag a better insurance rate. Single people generally pay more for their insurance than those who are legally hitched.
Credit score
Traditionally, insurance providers consider credit score when evaluating the overall trustworthiness of a driver.
However, some states like Massachusetts, California, and Hawaii have banned this practice completely.
There is no set formula that insurance companies rely on to balance all these factors, and it is not uncommon for different providers to offer dramatically different rates for the same level of coverage.
Rather than try to sort through mountains of quotes online, why not let Jerry handle your insurance shopping for you?
If you’re shopping for car insurance, all it takes is roughly 45 seconds to generate competitive quotes from top providers.
Jerry gathers all of your information from your past insurer, so you’re not responsible for any long forms or phone calls. Basically, you get all of the savings and coverage, with none of the hassle.

Frequently asked questions

What is the cheapest used luxury car to insure?

If you are looking for the cheapest used luxury car to insure, the Lexus GX Premium takes the cake.
You could save over $360 right off the bat just by using Jerry to shop for your insurance.

Why are luxury cars more expensive to insure?

High-end luxury vehicles are manufactured with premium parts that can be harder to find and cost more to replace. Insurance companies take this into account when deciding how much to charge you for your premiums.
Since luxury vehicles are built for performance, they might have lower safety ratings than basic models and this can be another factor that can cause insurance fees to increase as well.

How can I find cheap car insurance for my luxury car?

The best way to find cheap insurance for your luxury car is by using Jerry.
Jerry is your own personal pocket insurance broker—without the added fees or pesky follow-up calls.
After a speedy sign-up process, Jerry will compare rates across providers to help you find the best coverage for less.
Once you make your choice, Jerry takes care of the switchover from start to finish—no paperwork, no phone calls, and no need to shop around for renewals.
RECOMMENDED
Haven’t shopped for insurance in the last six months? There might be hundreds $$$ in savings waiting for you.
avatar
Judith switched to Progressive
icon savingsSaved $725 annually
avatar
Alexander switched to Travelers
icon savingsSaved $834 annually
avatar
Annie switched to Nationwide
icon savingsSaved $668 annually

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies