How much is luxury car insurance?

I want to buy a luxury car, but I'm worried that the insurance on top of the monthly payments might end up being a little too expensive for me. How much does luxury car insurance cost?

Answer
Great question! Luxury car insurance is usually more expensive than other types of car insurance, although the actual price tag will vary depending on what kind of car you buy.
Some luxury cars are cheaper to insure than others. The average full coverage car insurance in the U.S. is $1,674 per year. For luxury cars, however, you’ll likely be looking at over $2,000 per year. A Cadillac Escalade costs, on average, $2,188 per year to insure, and a Mercedes-Benz AMG C-43 will cost you around $2,036 per year.
If you’re worried that the price of insurance might jeopardize your chances of getting your dream car, check out the Jerry app to make sure you get the lowest rate possible. Jerry will collect customized insurance quotes for you so you can find the cheapest insurance coverage without searching each site yourself.
Liz Jenson
Answered on Nov 16, 2021
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