How Much Does Jay Leno Pay for Car Insurance?
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Jay Leno has no doubt one of the best car collections in the world. It’s worth more than $50 million! But that also makes one wonder—how much does Jay Leno pay for car insurance if he’s got a collection worth multi-millions?
He’s also possibly the loveliest car collector out there. Just from the way he talks, he clearly cherishes every car he owns, no matter how high the price tag or obscure the model.
Jay Leno’s collection includes countless one-of-a-kind cars.
Jay Leno’s extensive car collection
Leno owns cars worth millions each. With around 300 vehicles, he routinely buys and sells certain ones to keep them from gathering dust.
Some of his cars you might never have heard of because they’re so exclusive and priceless.
Others you’ve probably not heard of because they’re cars he’s preserved for history and culture’s sake.
The crown jewel in his collection, his self-proclaimed favorite: the 1994 McLaren F1. It’s worth about $12 million and it’s absolutely breathtaking.
Then comes Leno’s 1934 Duesenberg Walker Coupe, which is worth $20 million. It’s one of the rarest and most expensive cars in the world.
Leno also has some relatively cheaper cars, but that doesn’t mean they aren’t precious to him.
Jay Leno’s Garage is the title of his Emmy-winning series. All car enthusiasts are recommended to check out his show! Leno is a great showman and very knowledgeable about cars.
Speaking of knowledge, everyone knows how expensive car insurance can be. But you still might be shocked by how much Jay Leno pays for insurance.
Breaking down Jay Leno’s car insurance
It’s hard to say the exact price Leno pays. But with a good idea of what cars he owns and how the industry works, it’s possible to make a good estimate.
YouTuber Ari Cagan broke down an estimate of Leno’s car insurance prices.
First off, Leno has around 181 cars and 160 motorcycles. This is important because insurance prices vary based on the vehicle. Because of the priceless cars Leno owns, Cagan values Leno’s collection at about $100 million.
Leno has made numerous videos with Hagerty, a classic car insurer.
Assuming Leno has full coverage on all vehicles, each car costs $250 and each motorcycle $75. If you include the bundle discount, insurance would probably cost around $57,250.
Because his cars also appear in films, they are highly likely to be insured under an umbrella policy as well as an additional homeowners fee. This comes down to around $35,000 a month.
In California, registration for a vehicle would cost Leno $46 every two years and highway patrol fees would cost $26. That equals $10,571 a year.
Add it all together and Leno probably pays at least $1,117,571 a year for insurance. Wow!
How to get good car insurance even if you’re not Jay Leno
Not everybody can be Jay Leno and afford $57,000+ in insurance every month. That’s like one great car worth of money every 30 days!
Sure, most people don’t need that type of collector’s car insurance. But that doesn’t mean you can’t save some extra money on what you do pay.
Jerry can help you find the best insurance based on your needs.
Insurance for one car, two cars, new car, old car—luxury car or used car, Jerry’s got it all! (Note: Dr. Seuss rhymes not included.)
Jerry can cancel your old policy and keep you up-to-date with the most competitive quotes. The average user saves $879 a year. And it’s all free!