If you’re in the market for a new vehicle, there are a few things to keep in mind as you compare models. You might consider safety features, gas mileage, and additional features. It’s also important to factor the cost of car insurance into your decision, as some vehicles are more expensive to insure than others.
In this guide, we’ll highlight some of the most expensive cars to insure as well as determine which car brand might bring the costliest insurance prices. We’ll also help you understand what specific factors contribute to the cost of auto insurance, and share some tips for saving money on your car insurance policy.
Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy.
Car insurance premiums are unique to each driver, but your vehicle’s make and model are two of the biggest factors that can impact your car insurance rate. Vehicles with a higher value and higher repair costs are generally the most expensive to insure.
According to our average rate data based on the top 100 most popular 2023 models, the most expensive vehicle to insure is the Tesla Model S, which has an average annual premium of $4,048. The Tesla Model S also has one of highest MSRPs out of the vehicles we researched. The second and third most expensive vehicles to insure are the Tesla Model 3 and Dodge Charger SXT, respectively.
In the table below, you can see the average cost of car insurance for the most expensive cars to insure among popular 2023 models:
|Make||Average Annual Premium|
|Tesla Model S||4,048|
|Tesla Model Y||3,088|
|Tesla Model 3||2,879|
|Lexus ES 300H||2,624|
|Lexus ES 250||2,522|
|Lexus ES 350||2,514|
|Lexus NX 450||2,431|
|Chevrolet Silverado 3500||2,387|
|Ram Pickup 3500||2,307|
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of July 2023.
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Before you choose a car brand, make sure to get insurance rates for the model you have in mind. Based on our research, the most expensive car brands to insure are Tesla, BMW, Mercedes, and Lexus. Other exotic and luxury car brands, like Ferrari, Aston Martin, Porsche, and Bentley, can also have extremely high premiums.
If you have your heart set on a high-end vehicle, it’s still possible to find a more affordable insurance premium. However, it’s important to look for car insurance discounts and get multiple quotes to see which insurance company can offer you the best rate for your car make and model, and your driver profile.
You can compare car insurance rates in just 30 seconds using our online comparison tool.
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There are many factors that impact car insurance rates, including your driving record, age, credit score, claim history, deductible, and coverage limits. In addition, there are several vehicle-specific factors that can affect your premium. These include:
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Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.
For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.
These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.
At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results.
So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you.
Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.
We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.