On average, car insurance costs $2,880 per year as of June 2025 with a full coverage policy. However, depending on the type of car you drive, you can pay quite a lot. Auto insurance companies weigh a variety of car-specific factors, including the cost of replacement parts, how much damage your car will cause in an accident, and the likelihood that it will be stolen when setting a rate. If you are in the market for new or new vehicles, familiarity with the average insurance costs of various models can help you make more informed car buying decisions. Bankrate has analyzed the average car insurance rates to guarantee a list of the most expensive cars.
What is the most expensive vehicle?
Owning a valuable vehicle may mean paying the highest premiums, depending on your personal history, insurance company, and the make and model you drive. These 10 makers and models proved to be one of the most expensive cars that guaranteed based on the sample driver profile.
| vehicle | Manufacturer’s Recommended Retail Price (MSRP) | average. Full Coverage Premium of Annual |
|---|---|---|
| Audi R8 Quattro performance | $209,700 | $6,655 |
| Audi R8 | $158,600 | $6,501 |
| Audi Rs 7 | $128,600 | $6,130 |
| Tesla Model x | $91,630 | $5,580 |
|
Tesla Model S Lattice Shape |
$99,990 | $5,542 |
| BMW X6 | $74,500 | $5,402 |
| Porsche 911 | $127,700 | $5,384 |
| Jaguar F type | $77,900 | $5,155 |
| Porsche Panamera | $102,800 | $5,148 |
| Dodge Charger | $59,595 | $4,937 |
High-value vehicle guarantee
Looking at how expensive insurance for some models is, it’s appealing to cut coverage in exchange for cheaper insurance. However, this allows you to spend more out of pocket if you experience losses. If you have a minimum coverage policy, your car has been stolen or damaged in a storm, you cannot file a claim. In such cases, you will need to pay to repair or replace the vehicle yourself. Paying high car insurance premiums can be a bitter medicine, but it can help you save from major financial losses later.
Why are high value vehicles costing insurance?
While it is appealing to consider high premiums as reflecting high sticker prices, it is not that easy. Some cars are expensive to guarantee that it is not only completely expensive, but also other factors such as:
- Replacement parts cost: A vehicle with expensive and difficult to source replacement parts will probably cost more. This is especially true for car brands that are expected to suffer from import duties.
- theft: A flashy car may be more likely to acquire a target for theft.
- Safety features: High-end cars usually come with a set of safety features while high-end cars are designed to reduce the chances of an accident, but can result in higher repair costs after an accident.
- Driving behavior: Sports cars can be considered a high-risk vehicle for insurance companies as their powerful engines and athletic handling can promote more reckless driving behavior.
- Damage after the accident: Some large vehicles can cause more damage in accidents, even in economic models. Roughly speaking, the more expensive a potential insurance claim, the higher the premium.
Please note that the type of car you drive is not the only one that the insurance company uses to price your insurance. All of your unique factors, such as your driving record, credit history, coverage, and more, play a key role in what you pay for your car insurance premiums.
Choose the right coverage for your high value vehicle
Your car insurance is more than another invoice you have to pay each month. When building coverage, it can help protect your hard-earned money from wider losses. For broader coverage, consider these add-ons.
learn more: How much car insurance do I need?
Save money with valuable vehicle insurance
Even if you buy an expensive car, you can still find ways to save on car insurance. Here are some things to consider when trying to save on car insurance premiums.
- Bundle Policy: If you own a home or rent, consider bundling your home insurance with car insurance. In many cases, multi-policy discounts are one of the highest percentage discounts and can offset the rates of expensive cars.
- High deduction: You can save money on monthly or annual car insurance premiums by choosing the best deductible you can afford from your pocket.
- Maintain a clean driving record: By avoiding accidents and tickets when you’re at a disability, you can save money on car insurance and qualify for other discounts and benefits, including excellent driving discounts and accident forgiveness.
- Shopping: One of the best ways to save is to compare quotes from multiple companies for the same coverage.
- Work with a license agent:A licensed insurance agents can help you balance both your coverage and budget needs.
FAQ
Methodology
Using Quadrant Information Services, Bankrate analyzes June 2025 rates for all ZIP codes and carriers in all 50 states, with Washington DC rates being weighted based on population density for each geographical region. The cited fees are based on 40-year-old male and female drivers with clean driving records, good credits and the following full coverage limits:
- $100,000 per person physical injury liability
- $300,000 for each accident
- Liability for property damages of $50,000 per accident
- Uninsured driver physical injury for $100,000 per person
- Uninsured driver’s physical injury for $300,000 per accident
- $500 collision deduction possible
- Comprehensive $500 deduction
To determine the minimum coverage limit, bank rates used minimum coverage to meet the requirements of each state. Our base profile driver owns a 2023 Toyota Camry, commutes five days a week and drives 12,000 miles a year. Bundles and paperless billing discounts apply.
These are sample rates and should be used for comparison purposes only. Your quote is different.
If specified, the base profile has been modified with the following driver characteristics:
