Sport Car Insurance Cost – There are many cars in the market today with different features, prices and insurance rates. Some cars, such as luxury models, carry high insurance premiums because they are designed for high speeds, are prone to accidents, and have expensive components that can be stolen. Other factors such as age and criminal record can affect auto insurance rates.
When you’re shopping for car insurance, it’s important to get not only the best quality to cover your needs, but also a price that won’t break the bank. In this guide, we break down the most expensive cars to insure in 2023, according to CarInsurance.com.
Sport Car Insurance Cost
Maserati Quattroporte is the most expensive car to insure in 2023. At around $431 per month, insurance for this model is 207% higher than the average cost of car insurance in the United States.
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Buyers can expect to pay a hefty price tag for this car – around $108,400 MSRP. With features like a long bumper and its powerful engine that can reach speeds of up to 166 mph, this car is well insured.
Maserati takes another spot on the list, with the Quattroporte Modena Q4 being the second most expensive car to insure. Compared to the Maserati Quattroporte, this model has a bigger engine (424HP). Prices for this model start at $127,895, because Masertis are known to be targets for car theft, and insurance will pay a lot of money following an accident.
The BMW M8 Gran Coupe is known for its powerful engine and expensive materials that contribute to its value for money. The 4.4-liter V8 engine can reach speeds of up to 185 mph. Features of this model are twin cylinder bi-turbo, engine cooling system, 16 power seats and 12.3 inch digital gauge cluster. This BMW comes with a hefty price tag of $157,645 MSRP.
The Porsche Panamera Turbo S E-Hybrid Executive ranks as the fourth most expensive car to insure, mainly because of its large engine and parts that require specialized expertise to repair and replace. This model is also a hybrid, contributing to the annual insurance premium of $4,221. The Porsche Panamera Turbo S E-Hybrid Executive has a starting price of $206,800 MSRP.
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Audi RS e-tron GT is the most expensive electric car to insure – electric cars have higher insurance rates because they have a lithium ion battery under the engine hood. This eco-friendly model can take you from 0 to 60 mph in just 3.1 seconds. With a range of 232 miles, the battery can be charged in just 10 hours.
The Porsche Panamera Turbo combines the power and speed of a sports car with the comfort and convenience of a luxury sedan. With an MSRP of $186,400 and an average insurance premium of $495, this model can hit 60 mph in under three seconds. The model is reminiscent of a true sports car, but maintains the same poise and comfort.
Tesla claimed the Model S Plaid was the fastest car tested, going from 0 to 60 mph in 1.9 seconds — and it’s safe to say that helped its $495,000 insurance premium. A total of 1,020 horsepower and 1,050 lb-ft of torque. Like other Teslas, this model has a large infotainment system with many functions such as Autopilot options, steering and locking controls, and entertainment.
The BMW M8 Competition XDrive is a luxury sedan powered by a 4.4-liter twin-turbo V8 engine that produces 617 horsepower and 553 lb-ft of torque. It has an all-wheel drive system and an eight-speed automatic transmission. This combination allows the M8 Competition XDrive to accelerate from 0 to 60 mph in just three seconds and reach a top speed of 190 mph. It comes with a price tag of $134, 100 MSRP.
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The Porsche Taycan Turbo S is an electric sports car in the range with advanced features like air suspension, carbon-ceramic brakes and various driver assistance features. The interior of this model has a modern and luxurious design, with a large infotainment screen and various quality materials.
It also boasts the latest electric car technology, making it a popular choice among enthusiasts and eco-conscious drivers. Although less expensive than Panamera models, this car has an annual value of $428,000.
At number 10 on the list, the Audi R8 5.2L V10 Quattro Performance features a Quattro all-wheel drive system and a dual-clutch automatic transmission. This vehicle has an average annual payment of $3,967 and a starting price of $186,495 MSRP. It handles like a true sports car and can reach speeds of up to 199 mph.
Although the list above guarantees the most expensive cars, car insurance doesn’t have to be a strain on your wallet. Choosing the right car can help you save money. Below are the cheapest cars to insure in 2023, according to MarketWatch.
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Want to know how to get better coverage while keeping your premiums low? Here are some helpful ways to save money on car insurance:
Navigating the world of car insurance can be difficult, but with the right resources, you can find the best coverage plan. Below are answers to frequently asked questions about how your car affects your auto insurance premiums.
Car insurance for young drivers is more expensive than for older drivers. This is because car insurance companies tend to make younger drivers less experienced, drive recklessly and file more claims. For example, car insurance for a 17-year-old child is around $737 per month, but this depends on your location and your insurance.
Luxury cars are often more expensive to insure than regular cars due to the high price of the car itself, expensive parts, special features, and the risk of theft. Cheaper cars have less liability and are therefore more affordable to insure.
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Sports cars and electric cars can be expensive to insure. Sports cars are often designed for speed, which increases the risk of accidents. Electric vehicles have expensive batteries to replace. Both these factors lead to higher insurance premiums.
Buying a new car is exciting, so don’t let insurance costs scare you. No matter what kind of driver you are, getting cheap car insurance is possible – it just comes down to choosing the best auto insurance company for you.
Make the process easy with our auto insurance benefits comparison tool to find the lowest rates with the most comprehensive coverage.
And Julia Matcejkovic, President and Co-Founder Julia Matcejkovic prides herself on educating others about auto insurance so they can make the right choice for themselves and their families. He has published many popular articles that have helped others on the importance of car insurance, May 6, 2021 McCarty Insurance Agency Opinions of McCarty Insurance Agency Inc., Sports Car Insurance, Sports Car.
What Factors Can Affect The Cost Of Your Car Insurance?
Sports cars are some of the most expensive cars in America because of their unique design, quality, weight, latest technology and speed. As a result, sports cars are often more expensive to insure than regular cars and trucks. It’s important to note that the actual cost of sports car insurance in Fresno, CA varies based on factors such as driving style, safety features, deductibles, and the age of the vehicle in question. Here is some information on this topic.
Like any other auto insurance policy, sports car insurance covers sports cars against accidents like theft, fire and collision. It can also cover third-party claims, including property damage and bodily injury. Before a car insurance company will cover a sports car, they will determine if your car is a sports car. Some of the features that distinguish sports cars include, among others:
Generally, auto insurance for a sports car is higher than auto insurance for a regular car. Some of the factors that contribute to the high cost of car insurance include:
The average cost of sports car insurance is about $5,300 for six months of coverage. However, this amount often varies from one insurer to another, depending on factors such as the driver’s age, coverage amount, vehicle registration, state laws, and vehicle model.
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If you do not live in Virginia or New Hampshire, you should consider purchasing the following auto insurance coverage:
According to the Insurance Information Center (III), some things you can do to lower car insurance costs include:
The risks associated with sports cars mean that insuring them is more expensive than regular car insurance. However, you can use the tips discussed in this article to lower your car insurance costs. To find auto insurance in Fresno,