Are luxury cars more expensive to insure?

Yes, luxury cars are usually more expensive to insure compared to standard cars because they cost more to repair or replace if they are damaged. Luxury cars also tend to have more advanced technology and higher performance capabilities, which can make them more expensive to insure. It is important to shop around and compare insurance quotes to find the best rate for insuring a luxury car.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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