In a separate article, we presented the 20 cheapest new vehicles to insure for 2022, according to the annual report published by the website assure.com. Topping the list is the Subaru Forester compact SUV in its 2.5I Wilderness trim at an annual average of $1,353. Even the most expensive car to cover on the list, the Jeep Wrangler Willys Sport at number 20, costs just $1,415 a year.
But what about the patterns at the other end of the ledger? Other than hard-to-find cars from Rolls-Royce and Ferrari, the vehicle expected to see the highest insurance rates for 2022 among mainstream brands is the Maserati Quattroporte luxury sports sedan at an annual average of $5,176. While no one would likely buy a sane Subaru and a six-figure Maserati, the website’s survey indicates there’s a gap of $3,823 in annual premiums between the most and least expensive models in this regard. .
Why such a marked difference? Generally speaking, inexpensive-to-repair models that tend to be smooth-riding and have the best safety ratings are the cheapest to cover. On the other hand, the most expensive models to insure tend to be luxury cars that cost a fortune to repair, as well as high-performance models that put up to 600 horsepower (or more) to the curb and are then driven fast and furiously.
We’re counting down the 20 most expensive cars to cover below.
Insure.com bases average annual insurance costs on data from 3,000 separate models collected from the seven largest carriers, in 10 zip codes per state, based on a hypothetical 40-year-old single male commuter 12 miles to work each day, with typical police limits, a clean criminal record and good credit.
Of course, car insurance rates can only go up from there, depending on personal factors. Those who own the flashiest and most expensive rides who live in a big city and have commuting violations and/or at-fault accidents on their driving record will be charged significantly more than the averages quoted here. A recent report found that people with even a single traffic ticket or accident to their name will typically pay 55% more per year than someone with a clean history. Some carriers may deny coverage if the car and/or driver is deemed to pose an unacceptable risk.
Beyond that, rates can vary widely from state to state due to accident/claim/crime rates, number of uninsured drivers, frequency of inclement weather, population density , the number of insurance companies doing business in a given state, minimum coverage amounts and insurance industry regulations.
It can be worth shopping around among several carriers every year (or more frequently if personal factors change) to make sure one gets the lowest fares available. While some drivers can save money by minimizing liability coverage and/or increasing deductibles on comprehensive and collision coverage (or eliminating them entirely), this isn’t always a prudent way to go among those who own some of the costliest rides on the road.
Insurance companies typically give discounts to those who own multiple cars, “bundle” auto and home insurance with the same company, drive a minimum number of miles per year, pay premiums annually, and/or that set up automatic payments. At that, such savings may seem minimal on policies that otherwise cost thousands of dollars a year. Many companies will assess rates based on their actual driving habits, based on data collected from monitors plugged into a vehicle’s on-board diagnostic port, though we suspect they rarely work in anyone’s favor. one who owns a high-performance car that practically begs to be driven aggressively. .
For better or worse, here are the 20 vehicles that Insure.com says will trigger the highest average annual car insurance rates possible, with applicable trim levels noted for each.
The most expensive cars to insure for 2022:
- Maserati Quattroporte: $5,176
- Maserati Quattroporte Modena Q4: $5,118
- BMW M8 Competition Gran Coupe: $4,231
- Porsche Panamera Turbo S E-Hybrid Executive: $4,221
- Audi RS E-tron GT: $4,150
- Porsche Panamera Turbo: $4,129
- Tesla Model S throw: $4,115
- BMW M8 Competition XDrive: $4,054
- Porsche Taycan Turbo S: $4,028
- Audi R8 5.2L V10 Quattro performance: $3,967
- Audi RS6 Avant Quattro: $3,922
- BMW M760i xDrive: $3,911
- BMW M850i XDrive Gran Coupe: $3,854
- Maserati Ghibli Trophy: $3,840
- Alfa-Romeo Giulia Quadrifoglio: $3,695
- Acura NSX Type S: $3,626
- Dodge Charger SRT Hellcat Redey:e $3,533
- Dodge Charger SRT Hellcat: $3,528
- Porsche 911 Carrera Targa 4 GTS: $3,527
- Tesla Model S long range: $3,503
The full Insure.com report can be found here.