You’ll Pay Almost $5,000 a Year To Insure This Luxury Supercar
Lisa Steuer McArdle
· 3 min read
Most people realize that not every car is going to cost the same to insure. But topping the list of the most expensive cars to insure is the Maserati Quattroporte S GranSport with a whopping $4,823 annual premium. The type of car you drive and its features are factors that affect your
car insurance costs
. Most people already know that car insurance companies consider things like your personal driver’s profile and claims history when calculating premium cost.
Insure.com
recently released its list of the least and most expensive cars to insure for 2021. Here is a breakdown of features that make a car more or less expensive to insure.Why is the Maserati so expensive to insure?
The Maserati Quattroporte S GranSport has a powerful engine and high-end finishes that contribute to its
high cost of coverage
. It is expensive to repair or replace parts and has specialized features everywhere. Experts say that generally, since performance vehicles have the power to be driven aggressively, owning a car like this will likely lead to more claims compared to another car. That means, even the most careful driver is more likely to pay a high insurance premium for this type of vehicle.
Paying almost $5,000 a year for car insurance might seem shocking to the average person. However, the Maserati GranSport costs about $112,000. When you think about it, someone who can afford an expensive car in the first place can most likely cover the additional $5,000 a year to protect it.
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Cheapest cars to insure
At the other end of the spectrum, the Chrysler Voyager is the least expensive car to insure for 2021 at an average of $1,272 per year.
This means the Maserati GranSport costs four times as much as the Chrysler Voyager to insure.
Insurance costs are lower with the Chrysler Voyager because it’s a budget-friendly option with a starting cost of $26,985. Compared to the GranSport, the Chrysler Voyage is a minivan with more safety features since it, like other minivans, tends to be used by families.
The Voyager also has a 5-star overall safety rating by the
National Highway Traffic Safety Administration
, which helps keep insurance costs lower. Minivans have continually been named the least expensive cars to insure. The Honda Odyssey topped this list in 2019, 2017, and 2016. Other minivans to make the top of the list include the Toyota Sienna (2012) and the Chrysler Town & Country (2011).
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No matter what your budget is for car insurance,
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