how much is insurance on a luxury car

Best answer


Some luxury cars are cheaper to insure than others. The average full coverage car insurance in the U.S. is$1,674 per year. For luxury cars, however, you鈥檒l likely be looking at over $2,000 per year.

People also ask


  • Do luxury cars cost more to insure?

  • Because car insurance is designed to protect your vehicle, the high price of a luxury car inevitably leads to higher insurance costs. For the models included in our survey, the average annual insurance premium for a luxury car was about 18% higher than the cost of insuring a moderately priced sedan.

  • How can I get cheap luxury car insurance?

  • Compare rates for car insurance providers that offer luxury car insurance. Check coverage options. A cheaper rate might come with less coverage. Get a quote that factors in the make and model of your car, plus your driving history. Some companies will want to speak to you over the phone or in person, rather than provide an online quote.

  • How much does it cost to insure a Lexus ES?

  • With a listed value of $39,900 and an average annual insurance premium of $1,814, this luxury sedan costs more than $151 per month to insure. Allstate and Farmers tend to be on the higher end for our user profile, while USAA and Nationwide remain the most affordable car insurance options for the ES.

  • Should you buy GAP insurance for a luxury car?

  • If you’re leasing or financing a luxury vehicle, you should purchase gap insurance, which covers you if you owe more on the vehicle than your insurance would pay to replace it in the event of an accident.

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