If you’ve spent any time on this site, you’ve no doubt perused our various galleries of expensive, fast, sporty, and luxurious cars and SUVs. Drawn in by their luxurious appointments and big power, you’ve probably pictured what it would be like to have some of these in your garage on a permanent basis. What you may not have considered(beyond listed price tags where applicable) is how much these vehicles can cost to own and insure. Far be it from us to start handing out reality checks, but it’s definitely eye-brow raising to look at the ridiculous levels to which some insurance premiums can climb. Even for non-exotic cars.
Insurance rates are still, for the most part, calculated based on a motorist’s age, driving record and demographic variables like address, gender, marital status, etc. However, some cars are just costlier to insure than others. Sometimes, a whole lot more.
The cost of the vehicle is the first and main consideration when setting the price of the policy. Generally, more expensive cars cost more to insure because of the higher costs associated with repairing them, replacing parts – especially those incorporating carbon fiber materials – or replacing the entire vehicle in the event of a write-off.
Small, powerful sports cars are often driven faster by younger, riskier drivers. They’re also more likely to be stolen. Especially those in spyder convertible format with softops that are easily perforated. Large, heavy SUVs, on the other hand, could increase the cost of your insurance premium because of the damage they can potentially do to other vehicles on the road. Throw in a big stonking V8 and you’re automatically looking at a rate hike.
Premiums also can vary depending on a specific make and model’s claims history, including how much damage that model incurs in a typical crash, extent of injuries (and fatalities) suffered by those involved(occupants + others) and the likelihood of the model being stolen.
Another point to keep in mind is that Insure.com’s study shows the cost to insure a particular model has tremendous variance, depending on which state you call home. To give you a frame of reference, here’s a ranking of the top 10 most expensive states by insurance premium as reported by insure.com:
West Virginia ($2,518)
Washington, D.C. ($2,217)
Rhode Island ($2,020)
New Jersey ($1,905)
Ok, we’ll stop being that gray cloud on your fun parade. Continue to dream, plan, and peruse our galleries. There are, afterall, some super exotics(listed on this site as well), that can cost much more to insure. Maybe the prices listed here are only a drop in bucket to you. Just keep in mind that many of these dream machines come with significantly higher premiums than the norm. So, should you someday be in the market for one of these lux-rides, don’t forget about the true price of ownership. For now, enjoy our list of the 20 most expensive non-exotic cars to insure.
Note: All premium data listed is derived from Insure.com’s work with Quadrant Information Services to determine average auto insurance rates for 2014 model year vehicles incorporating data from Allstate, Farmers, GEICO, Nationwide, Progressive, and State Farm. Averages are based on full coverage for a single 40-year-old male with a clean record and good credit who commutes 12 miles to work each day, with policy limits of 100/300/50 and a $500 deductible on collision and comprehensive coverage.
Mercedes-Benz GL550 4Matic AWD
Average Insurance Premium:$2438. Kicking things off, at the top of our list comes the Mercedes GL550 4Matic AWD. You can forget about any brownie points for practicality. The big 4.7-liter V8 with 429hp lays that angle to rest in a hurry. Yes, you can haul people, climb mountains, and tow boats. But when you’re this big, thirsty, and mean…someone’s gotta pay.
Audi R8 V10 Quattro
Average Insurance Premium:$2448. Another multi-entry constituent on our list, the R8 V10 ranks lower on our list than the spyder iterant because it has a roof. What you sacrifice in sounds, you gain in safety and your premiums will reflect that. Even if the hard-top is a few ticks faster when it comes to the dragstrip. We’ll take ours in blue.
Average Insurance Premium:$2484. Here we have the 650i’s little brother, the 640ix, with the addition of an all-wheel-drive system. You get much of the of the slight more powerful sibling’s performance with the additional all-weather capability. Which would explain why you can save a couple of bucks on your insurance payment
Mercedes Benz C63 AMG
Average Insurance Premium:$2507. The V8 in this car packs an unholy 451hp from a naturally aspirated 6.2-liters. Performance is just bonkers as you would expect from stuffing this much engine into a relatively small car. It also roars with the thunder of Zeus, so any chance of squeaking by with a lower insurance assessment had been all but annihilated since day one.
Average Insurance Premium:$2544. With it’s twin-turbo v8 and sub-5second 0-60mph time, the BMW 650i is no slouch in the performance department. You’d be hard-pressed to find another 2-door coupe in it’s price range with same combination of luxury and mad-man performance. It doesn’t come cheap though. Both options and insurance can break the bank.
Mercedes CLS 550 4Matic AWD
Average Insurance Premium:$2582. Mercedes is the originator of the four-door coupe, and the CLS is a beauty to behold. You get the same style and class of an E-series in a much sexier and sleeker package. Style, however, does come at a premium and because of the 400+hp twin-turbo V8, so does insurance.
Porsche Panamera S
Average Insurance Premium:$2597. The first of three Panameras on this list! In case you didn’t get the memo, Porsche’s Panamera is one serious performer. It can do virtually everything a 2-door sports car can do…including skyrocketing your insurance tab. Oh well, since you only live once, you might as well go for the Turbo S.
Audi S8 Quattro
Average Insurance Premium:$2598. Audi’s S8 is the ultimate wolf in sheep’s clothing. You get the typical, unassuming design of the everyday A8, but with a 520hp 4 liter twin turbo that will put most 2-door sports cars out to pasture. Unfortunately, your pocket book will be a casualty as well.
Porsche Panamera 4S
Average Insurance Premium:$2598. With the Panamera, Porsche has proven that the performance capabilities of the vaunted 911 are scalable to family-sized proportions. You won’t have to give up on your desire for a true sports car in favor of practicality. Hopefully your significant other still feels the same way when it comes time to shop for quotes.
Mercedes GL63 AMG
Average Insurance Premium:$2609. Built for those who enjoy the finer things in life, Mercedes’ GL63 AMG embodies performance, luxury, and exclusivity. The 550hp heart of this beast prob has alot to do with it’s high insurance costs, so only a true luxo-performance junkie would make the compromise.
Average Insurance Premium:$2610. Everything that was written for the XKR-S, goes for the XK as well, just turned down a few notches. You get the same coupe or convertible with a beefed up suspension, reduced weight, and an open exhaust. From an insurance standpoint, essentially what you’re getting is 9/10ths the thrills for 9/10ths the premium. Take it or leave it.
Jaguar XKR Supercharged
Average Insurance Premium:$2854. With it’s track-tuned suspension, Jaguar’s XKR Supercharged delivers brutal performance in a super-sexed up package. 500+ hp coupe that delivers the performance goods all day. If style, class, and high-octane thrills are what you’re looking for, an XKR is a good place to find it. Just make sure you have a good insurance guy.
Audi A8 L 6.3 Quattro
Average Insurance Premium:$2869. Just a small step down from the thunderous S8, the A8 6.3 houses 500 thoroughbred horses under the bonnet with performance on it’s mind. We know that when it comes to luxury, Audi can hang with the best of them. However, anyone ticking the box beside 6.3L clearly looking for some thrills in a big way.
Mercedes G63 AMG
Average Insurance Premium:$2887. The G63 is one of those cars that defies the laws of physics. How this tall, heavy, box-like structure can keep up with many of the top sports cars in a straight line is anyone’s guess. A 5.5L 544hp V8 engine definitely helps. Just be sure to hit the breaks every now and then when the road starts to bend. Another case where big thrills equals big insurance premiums.
Audi R8 5.2 Spyder Quattro
Average Insurance Premium:$2917. Again, no surprise to see Audi’s R8 Spyder on this list. Packing 525hp into a such a beautifully crafted performance frame will do that. Peeling back the top and hearing the roar of the V10 at your back every time you step on the accelerator will have you taking the long way home whenever possible. Another dream machine that comes with a high premium.
Porsche Panamera Turbo S
Average Insurance Premium:$2970. Sorry Panamera. You’re not fooling anyone with your 2 extra doors and stationwagon-esque appearance. The jig is up and everyone knows that you’re really just a 4-door 911 Turbo. Albeit a 911 turbo with the dimensions and heft to do some serious damage should you ever slide off the rails heading into that sharp bend.
Mercedes SLS GT AMG
Average Insurance Premium:$2986. Seeing supercars on this list is more inline with what we would expect. The SLS AMG is no joke in the performance department, and really, why else would you buy one if not to unleash your inner bad-boy(or girl) with the occassional smokey burnout? God-speed and get your money’s worth.
Mercedes CL550 4matic
Average Insurance Premium:$3019. This big Benz is the BMWs couterpart. And like the Bimmer, the CL550 packs big power in the form of a 429HP V8, into a 2-door, tank-like exoskeleton. There are more than enough ponies in this stable to raise a ruckus. Prices can tip the tils at over $130k, so we guess, what’s a few extra bucks for insurance Mr. Big spender?
Average Insurance Premium:$3065. While it’s true that the BMW M6 encapsulates as much sport as it does luxury in the luxo-sport balance, with 550HP at your beckon and call, it’s hard resist temptation. This beastly 2-door can be an outright menace in the hands of the irresponsible, so you’ll perpetually feel it in your wallet if you want to park the M6 in your garage on a permanent basis.
Average Insurance Premium: $3169. With it’s 545hp v6 engine and vision-blurring acceleration, it’s easy to see how you could get into a little bit of trouble with your new Nissan GTR. The GTR is not typically the vehicle of choice for the sensible A-to-B commuter and insurance companies know this, so you’ll pay through the teeth. We guess that it’s a small price to pay for “affordable” supercar thrills.