When it comes to car insurance, luxury and high-performance vehicles are often among the most expensive to insure. The Maserati Quattroporte, Maserati Quattroporte Modena Q4 and BMW M8 Competition Gran coupe are some of the most difficult cars to insure. Not only do these cars come with hefty monthly payments, but they also come with expensive insurance premiums. The Panamera Turbo S is a performance car that offers high levels of luxury.
When calculating your car insurance rates, your provider will consider several factors, including the type of car you drive. Sports cars, luxury cars and performance cars can cost more to insure because they are more expensive to repair, can be stolen more often and can be involved in more accidents. For many people, buying a luxury or high-performance car like a Mazda MX-5, Porsche 911 or Tesla Model S is a lifelong dream. However, these cars come with a hefty price tag when it comes to insurance.
This is mainly due to BMW being a luxury car brand and the 7 Series having a high price tag. Additionally, if you modify your car with custom paint or add coverage for it, those modifications will affect the price of your car insurance. Before buying a new car, it's important to be aware that expensive cars generally mean more expensive car insurance. Knowing which cars are the most expensive to insure can help you make more informed decisions when buying a new vehicle and car insurance.
Sports cars and performance cars can be involved in more accidents, and physical damage coverage costs (collision and comprehensive) are based on estimated costs from future claims. Luxury vehicles such as BMWs or Mercedes Benz will also cost more for car insurance. The cost of replacing a luxury car that has been stolen or destroyed is much higher than the cost of replacing a Ford Escape or Toyota Corolla. The most expensive cars to insure tend to be those that are more expensive to repair or replace if you have a total loss.