10 Most Expensive Cars to Insure in 2024

If you’re paying higher than normal premiums for your auto insurance policy, it can put a major dent in your monthly budget, especially when combined with other car-related costs such as auto payments and maintenance fees.

And while there are certain factors that can make your insurance premiums higher no matter what you’re driving — like your driving history, credit score, and even your zip code — sometimes the thing driving up costs is the type of car you’re driving.

If you’re looking to save money on car insurance, you may want to check out this list of the 10 most expensive cars to insure so you can avoid purchasing one of these vehicles the next time you’re in the market for a new automobile.

You may not be surprised to see Maserati top the list of most expensive cars to insure. In fact, the top two cars on the list are from Maserati.

The Quattroporte came in as the most expensive car to insure, with a yearly national average of $5,176. Luxury and high-performance brands are typically the most expensive ones to insure thanks to the high costs associated with repairing and replacing parts. 

Their high profile appearance also makes them appealing targets to thieves, which can also drive up insurance rates.

You’ll pay a high amount to insure this Maserati as well, since the national average comes in at $5,118 a year.

If you’re going to drive a Maserati, you’re probably already expecting to pay a good deal overall, since the preventative maintenance costs on cars by Maserati can be much higher than other brands. 

If you’re going to drive one, it might benefit you to shop around and compare rates. You could even try asking for a discount.

BMW is another brand known for being expensive, likely due to its reputation for high-quality and good performance.

The M8 Competition Gran Coupe costs $4,231 a year on average, which is due in no small part to the fact that it’s a luxury car with a high price and expensive components that make it costly to repair.

When it comes to vehicles with the highest losses as a result of collisions, several BMW cars make the Insurance Institute for Highway Safety’s list.

A few models from Porsche also make the list of most expensive cars to insure. The Panamera Turbo costs an average of $4,129 a year when it comes to insurance. 

One big reason the insurance is so costly is that Porsche models have high price tags. That means they have higher repair costs. They also have specialized parts that can be quite expensive.

You can probably expect to pay more for insurance when you drive a Tesla than many other cars. The Model S Performance is among the most expensive cars to insure with an annual average of $3,960. 

Tesla cars are expensive to insure because they cost a lot to repair and replace parts thanks in large part to their expensive technology.

The average annual premium on this one is $2,485. Lexus is another brand known for luxury and expense, and those qualities translate into higher insurance costs.

Another factor influencing insurance costs is the risk profile of the driver. Female drivers, who may be a bit less likely to own a sporty or luxury car, may pay less in insurance than male customers. Cars designed for more sporty or single drivers may also have higher insurance costs.

You might not expect to find Volvo on the list of most expensive cars to insure, since they can be among the least expensive, but the XC90 T8 Inscription is an exception.

The average annual premium is $2,456. The price of parts for this one may be more than other Volvo cars, which again could factor into the higher prices for insurance.

Tesla is a name associated with luxury and high prices and the Model 3 Standard Plus carries on that tradition.

The average annual premium is $2,447. The high demand for Tesla cars has helped to make them more expensive. You might also have some issues finding mechanics who can work on these types of cars.

The average annual premium for the Altima 2.0 S is $2,130.

One reason for the higher insurance premiums may be that Altima cars have higher than average collision losses, which is one of the reasons why Nissan cars may be among the most non-luxury ones to insure.

The RX 350 is a car that’s known for its comfort. But that comfort may come at a cost by way of an annual insurance premium that averages $2,105 a year.

Those shopping for a new car should keep in mind that Lexus is among the most expensive brands to insure, so it’s important to shop around when looking for a new policy. 

You might be able to find lower rates by shopping around and keeping a good driving record.

You may find you’re paying more for car insurance if you drive some luxury cars such as ones from Lexus or BMW.

But it’s not all bad news, because one of the smart money moves if you own a car is to make sure you shop around for discounts on insurance, which can help you save a bit of money each year even if you do opt to splurge on a pricier vehicle.