Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Oct 11, 2021

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A big chunk of your auto insurance premium is determined by what kind of car you drive. No matter how safe a driver you are, some cars cost more to replace or leave you vulnerable to more serious injuries in an accident. Insurance companies account for all these and other factors. So we thought it’d be prudent to look at the “most expensive cars to insure.”

Forbes once again came up with the list, which is based on a 40-year old male driver who commutes 12 miles per day to work, has policy limits of $100,000 for injury liability for one person, $300,000 for total injuries, and $50,000 for property damage (learn more about auto insurance liability limits).

There is a $500 deductible for collision and comprehensive coverage, and the policy includes uninsured motorist coverage.

Keep in mind that these numbers must be taken with a grain of salt, because a number of factors contribute to how expensive or inexpensive your car insurance will be, aside from the value of the car itself (how are car insurance rates determined). Each individual can qualify for a different set of discounts that bring down the cost of insurance. So while companies like USAA and GEICO are generally the cheapest, some drivers will find better rates or better coverage somewhere else.

For example, your individual driving record may bump your rate considerably, as will your age and driving experience, and your location.

But all things being equal, let’s take a look at the most expensive cars to insure, by annual insurance premium, shall we:

1.    Nissan GT-R – $2,533
2.    Dodge Viper – $2,446
3.    BMW M6 – $2,236
4.    Ford Shelby GT500 – $2,186
5.    Mercedes-Benz G-Class – $2,088
6.     Audi S8 – $2,071
7.    BMW M5 – $2,020
8.    Hummer H2 – $1,912
9.    Lexus ISF – $1,881
10.    Porsche 911 – $1,819

What makes some cars more expensive to insure than others?

Some things about auto insurance are more obvious than others. For example, you’ll pay more to insure a Porsche than you would a Honda CR-V. The estimated replacement cost you’d find on Kelley Blue Book or other similar sites is a factor.

Older cars aren’t always cheaper to insure than brand new models, though. This is because drivers who drive vehicle models with more safety features qualify for more discounts automatically. With all the factors that go into an annual premium, the best approach is to determine which car meets your needs considering your zip codes and other factors. Then get quotes from different insurance companies for that car to find the most affordable annual premium that covers your repair costs and other claim-related costs. It’s easier than you might think.

(photo: mujitra)