Most Expensive Cars to Insure

When it comes to figuring out the cost of insuring a car, not all coverage is created equal. It's important to know which vehicles are the most expensive to insure and why. This list of the five most expensive cars to insure and the reasons why could be eye-opening.

Dodge Viper SRT

The Dodge Viper SRT is a 600-horsepower vehicle that can travel upwards of 200 miles per hour. Its power makes it prone to accidents, especially when a person who's not used to driving such a fast car gets behind the wheel. Even though the Dodge Viper SRT is priced at the lower end of performance cars, it is the most expensive to insure, coming in at an average of $4,048 a year.

Mercedes SL65 AMG

The Mercedes SL65 AMG is another sports car known to overwhelm drivers with its power. With 621 horsepower and a V12 engine, this car is made for driving fast. The high speeds and difficulty in obtaining replacement parts are what make car insurance for the Mercedes SL65 AMG so expensive. Its average cost to insure is $3,797 per year.

Two other Mercedes performance cars also make the most expensive list for car insurance. These are the Mercedes S600 Biturbo, which costs an average of $3,539 to insure per year and the Mercedes S63 AMG 4Matic, which runs about $3,513 per year.

Porsche Panamera S Executive

The Porsche Panamera S Executive costs an average of $3,484 per year for auto insurance. This is mostly due to the difficulty in locating replacement parts in the United States. Only select mechanics have been factory-trained and certified to work on Porsche vehicles, which adds to the cost of a repair that would normally be covered by your insurance policy.

Nissan GT-R Nismo

The Nissan GT-R Nismo is the only Japanese vehicle on the list of most expensive vehicles to insure. Its average cost of insurance is $3,476 per year. This car has such a high cost for auto coverage because it boasts 600-horsepower and twin turbo V6 engines. When an inexperienced driver gets behind the wheel, there's a greater possibility of high-speed accidents, which incur a good deal of (expensive) damage.

BMW M6 Gran Coupe

The BMW M6 Gran Coupe is another costly car to insure, averaging $3,309 per year. The relative difficulty in finding replacement parts is a major factor in the high cost of insuring this car. It has a manual transmission, which also adds to the cost and the complexity of repair. The other issue is its top speed, which is more than 155 miles per hour. That's fast for a sedan.

The Cheapest Cars to Insure

If those numbers overwhelm you, it might help to know which cars have the lowest average auto insurance rates. The five least expensive cars to insure are:

  • Jeep Wrangler Sport Compact SUV 4WD.
  • Jeep Patriot Sport 2WD Compact Crossover.
  • Dodge Grand Caravan AVP Minivan.
  • Honda CR-V LX 2WD SUV.
  • Honda Odyssey LX Minivan.

Each of these vehicles costs less than $1,200 per year to insure because they have:

  • Parts that are relatively easy to repair and replace.
  • Built-in anti-theft devices.
  • Extended safety features.
  • Modest top speeds.

Keep in mind that a number of other characteristics also play a large role in determining what you'll pay for auto insurance. While your car may not be the end all be all in deciding your insurance rates, it's still important to weigh out your need for speed against your want for a balanced budget.