Sports Car Insurance Premium – There are many cars in the market today with different features, prices and insurance rates. Some cars, such as luxury models, command high auto insurance premiums because they are built for high-accident speeds, are expensive, and are more likely to be stolen. Other factors such as age and driving experience can affect auto insurance rates.
When shopping for car insurance, it’s important to find the right type of cover for your needs, but at 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.
Sports Car Insurance Premium
The Maserati Quattroporte will be the most expensive car to insure in 2023. This model costs about $431 a month to insure in the U.S. That’s about 207% higher than the average cost of car insurance.
Why Premiums For Vehicles Vary
Buyers can expect a great price for this car at $108,400 MSRP. This vehicle is highly insured due to its premium finish and features such as a powerful engine that can reach a top speed of 166 mph.
Maserati also made the list, with its Quattroporte Modena Q4 being the second most expensive car to insure. Compared to the Maserati Quattroporte, this model has a larger engine (424 hp). This model starts at $127,895. Because Maseratis are prone to theft, insurers pay higher premiums due to the risk.
The BMW M8 Competition Gran Coupe is known for its powerful engine and premium components that command a premium price. Its 4.4-liter V8 engine can reach a top speed of 185 mph. Features on this model include twin turbos, engine cooling systems, 16-way power seats and a 12.3-inch digital instrument cluster. This BMW is priced at $157,645.
The Porsche Panamera Turbo S E-Hybrid Executive clocks in as the fourth most expensive car to insure, due to its expensive engine and parts that require special skills to repair and replace. This model is a hybrid, providing an annual insurance premium of $4,221. The Porsche Panamera Turbo S E-Hybrid Executive starts at $206,800 MSRP.
How Popular Modifications Affect Your Car Insurance
The Audi RS e-Tron GT is the most expensive electric car to insure – electric cars are more expensive to insure because of the lithium-ion battery under the hood. This compact model can accelerate from 0 to 60 mph in just 3.1 seconds. The battery has a range of about 232 miles and 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 car. With an MSRP of $186,400 and an average insurance price of $4,129, this model can hit 60 mph in less than three seconds. The model is said to resemble a true sports car, but manages to balance handling and comfort.
Accelerating from 0 to 60 mph in 1.9 seconds, the Tesla Model S Plaid was named the fastest sedan ever tested—not to mention including its hefty $4,115 insurance premium. This electric car is priced at $109,990. MSRP with all three electric motors is 1,020 horsepower and 1,050 lb-ft of torque. Like other Tesla models, this model has an extensive infotainment system with features such as Autopilot options, steering wheel and lock and entertainment programs.
The BMW M8 Competition XDrive is a luxury coupe powered by a twin-turbo 4.4-liter 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 has an MSRP of $134,100.
How Much Is Car Insurance?
The Porsche Taycan Turbo S is another high-performance electric sports car on this list that comes with advanced performance features such as an adaptive air suspension system, carbon fiber brakes and a variety of advanced driver aids. The interior of this model has a modern and luxurious design, a large infotainment screen and various high-quality materials.
It also includes the latest electric vehicle technology, making it popular among enthusiasts and green drivers. Although not as expensive as the Panamera models, the annual price for this car is $4,028.
At No. 10 on the lineup, the Audi R8 5.2L V10 Quattro Performance comes with Quattro all-wheel drive and a seven-speed automatic transmission. This car costs $3,967 and has a starting price of $186,495. It can reach a top speed of 199 mph.
Although the list above contains the most expensive cars to insure, they are not a burden on your wallet. Choosing the right car can help reduce costs. Below are the cheapest cars to insure in 2023, according to MarketWatch.
How Is Your Auto Insurance Premium Calculated?
Want to learn how to get better coverage while paying less? Here are some ways to help save money on car insurance:
Navigating the world of car insurance can seem overwhelming, but with the right resources, you’ll be sure to find the coverage plan that’s right for you. Below are answers to questions about how your car affects your auto insurance premiums.
Car insurance costs more for young drivers than for older drivers. This is because car insurance companies often believe that young drivers are less experienced, drive harder and make more claims. For example, car insurance for a 17-year-old is $737 per month, but it depends on your state and insurance company.
Luxury cars are more expensive to insure than standard vehicles due to the price of the car, expensive parts, special features and high risk of theft. Low quality cars have less liability and are therefore cheaper to insure.
Cheapest Sports Cars To Insure 2022
Sports cars and electric cars can be paid for. Sports cars are built for speed, so accidents are more likely. Electric vehicles have batteries that are expensive to replace. Both of these factors lead to higher insurance premiums.
Buying a new car can be exciting, so don’t let auto insurance costs scare you away. No matter what type of driver you are, finding cheap car insurance is possible – by choosing the best car insurance company for you.
Streamline the process by using our auto insurance quote comparison tool to find the lowest rates and best coverage.
Julia Matseikovich Julia Matseikovich, CEO and Founder, takes pride in educating others about auto insurance so they can make informed decisions for themselves and their families. He has been published in many popular publications where he has helped to tell others about the importance of car insurance. The allure of a sports car is unmistakable. Its sleek design, powerful engine and exciting performance will appeal to enthusiasts of all stripes. However, as with any decision, there are pros and cons when it comes to owning a sports car. In this article, we will look at the pros and cons of sports car ownership to provide an overview of the pros and cons. Let’s get started:Â
What Makes Car Insurance Cheaper?
Sports cars are designed to provide a fun driving experience. With advanced engines, handling and suspension systems, these vehicles offer speed and ease on the road. The feeling of speed, the exciting sound of the engine and their cornering abilities will delight both car enthusiasts and enthusiasts.
Sports cars are associated with power and style. A person’s self-esteem can be boosted when he or she acts as a symbol of success and achievement. These head turners also act as a reflection of taste and leave a lasting impression on others.
Sports cars are at the forefront of technology. Manufacturers have invested heavily in research and development to deliver impressive features such as driver assistance systems, cruise control and high-tech infotainment systems. Because of this, owners benefit from being ahead of the curve.
When it comes to resale value, sports cars hold up better than standard vehicles. The rarity of the purchase value and the desired item make it a long-term investment.
Why Sports Cars Get Charged More By Car Insurance Companies
Driving a sports car requires skill and concentration due to the high level of activity involved. As owners get used to the increased power and responsiveness of these vehicles, they become better drivers.
The downside of a sports car is the initial purchase price. These high-performance vehicles carry premium price tags compared to cars due to their advanced engines, better materials, and low production numbers.
In addition to cost, sports cars require maintenance and repairs. Their special features and complex functions