25 Cars That Will Raise Your Insurance Premiums Through The Roof

So, if you're really into cars and you're all about speed, luxury, or advanced technology, you probably know that owning your dream car can cost a fortune, especially when it comes to insurance. Some cars are so expensive, fast, or loaded with advanced features that they'll send your insurance premiums through the roof.

Car insurance companies assign a specific insurance group to each vehicle before it goes on the market. These groups are numbered from 1 (least expensive to insure) to 50 (most expensive to insure) to help insurers decide on the right premium.

In this article, we've put together a list of 25 cars that, although super cool and fancy, will make your insurance sky-high.

Dodge Charger Hellcat

• Car cost: $86,365

The Dodge Charger Hellcat is one of the most powerful legendary muscle cars on the market, known for its fierce acceleration, aggressive design, and extreme performance. The Charger Hellcat is one of the fastest sedans in the world, built with a supercharged 6.2-liter V8 engine, producing over 700 horsepower with a top speed of around 196 mph.

This incredible speed is typically reserved for high-end sports cars. Cars that are capable of very high speeds are basically more likely to be involved in severe accidents, which can result in costly claims for insurers.

BMW i8

• Car cost: $148,495

Owning a luxurious vehicle like the i8 can be satisfying, but it's important to consider insurance costs. These cars, due to their high value, are more expensive to insure, as repairs and replacements are very expensive.

Also, luxury cars like the i8 may pose a higher risk of theft, which can further drive up insurance premiums. Due to the limited number of repair shops equipped to work on the i8, labor costs are higher, influencing insurance rates.

Chevrolet Corvette Z06

• Car cost: $113,795

Unlike most vehicles, the Corvette Z06 is a high-cost luxury car with rear parts and advanced features that require high-cost maintenance fees. This drives up the potential payout for insurers in the event of a claim, leading to higher insurance premiums.

Furthermore, the Chevrolet Corvette Z06 is a high-performance version of the legendary Corvette sports car. It is built with a powerful V8 engine, and this road runner produces over 650 horsepower. This car has an extreme speed and will likely suffer any road accident. As an insurer, you should know that a high-performance race track vehicle with such high speed will certainly raise your insurance premium over the roof.

Ford Mustang Shelby GT500

• Car cost: $80,795

Auto insurance premiums can vary greatly, even for the same car brands and models. The age of the driver has a vital influence on the premium cost. A young driver, such as an 18-year-old, will generally pay a much higher premium for an insurance policy on a Shelby GT500 than an older driver, such as a 30-year-old.

So, if you're curious about whether owning a Shelby GT500 will lead to an increase in your insurance premium, the answer is yes. This is because the Ford Mustang Shelby is a high-performance muscle car known for its high cost. It is designed for speed and aggressive driving and often attracts higher insurance premiums. Therefore, insurers account for potentially high costs when setting premiums, knowing that any damage to a vehicle like the GT500 could require huge expenditure. Due to its rarity and desire, it can also lead to theft.

Porsche Panamera

• Car cost: $156,195

Insurance premiums for the Panamera can vary widely based on factors such as the driver's age, driving records, and location. Urban areas with heavy traffic and high accident rates tend to have higher premiums compared to rural areas. The Panamera, with its luxury features and expensive parts, results in more costly repairs, leading to increased insurance expenses.

On average, drivers can expect to pay around $2,190 annually for full coverage, which equates to approximately $183 per month. Additionally, young drivers, specifically 16-year-olds, may face even higher costs, with insurance rates reaching up to $5,444 annually. Estimated insurance rates for a Porsche Panamera come to around $1,458 per year for full coverage.

BMW M5 Competition

• Car cost: $111,895

The BMW M5 Competition is a high-performance luxury car with an exhilarating driving experience. However, due to its high market value and powerful engine, the BMW M5 Competition can be more costly compared to other vehicles. Insurance premiums are influenced by factors such as driving history, location, and annual mileage.

Clean driving records and lower annual mileage can help in reducing insurance costs, while younger drivers or those with poor driving histories may face higher premiums. Additionally, the high value and repair costs of the BMW M5 Competition, along with the increased risk of theft, contribute to the higher insurance rates associated with this vehicle.

Insurers take into account the car's value, repair costs, and the likelihood of theft when determining premiums. As a result, the BMW M5 Competition tends to have higher insurance premiums due to its expensive nature and associated risks.

Mercedes-Benz AMG GT

• Car cost: $136,050

If you own a Mercedes-Benz AMG GT, you can expect your insurance premium to increase. This is due to the luxury, performance, and associated risks of this high-performance sports car. The AMG GT is equipped with a powerful V8 engine, enabling it to achieve high speeds rapidly.

Vehicles with such performance capabilities are often involved in more severe accidents, prompting insurers to charge higher premiums to cover the potential costs of such incidents. The cost of insuring a Mercedes-Benz AMG GT typically falls within the range of $272 to $494 per month, or $5,089.92 annually, though these actual costs depend on various factors such as your driving history, age, ZIP code, annual mileage, and other specific considerations.

Lexus LC 500

• Car cost: $99,800

The Lexus LC 500 is an impressive luxury sports car that boasts a potent V8 engine. Because of its high performance, vehicles like the LC 500 tend to come with higher insurance costs due to the increased risks associated with speed and potential accidents.

When comparing insurance prices for the Lexus LC with those for other vehicles, it becomes evident that the insurance premiums for the LC are above average. On average, owners of the LC can expect to pay around $261 per month for full coverage, which includes comprehensive and collision coverages alongside liability insurance. For liability-only insurance, the average monthly cost is about $55.

Porsche 911 Turbo S

• Car cost: $199,195

When insuring a Porsche 911 Turbo S, you can anticipate higher premiums due to its status as a high-end sports car with a substantial purchase price. Luxury vehicles generally command higher insurance costs, as they represent higher value.

The final premium will be influenced by factors such as age, driving history, and location. For the Porsche 911 Turbo S, annual insurance premiums typically fall within the range of $2,000 to $4,000, though individual circumstances can cause this figure to vary.

Acura NSX

• Car cost: $171,495

The Acura NSX is a high-performance car with a 3.5-liter twin-turbo V6 engine paired with a hybrid system, producing around 537 horsepower. Its adaptive suspension and dynamic driving modes enhance both comfort and performance, but it can raise your insurance premium way up high.

It's important to keep in mind that insurance costs for an Acura NSX can be influenced by factors like where you live, your driving record, and how much you drive. Generally, you can expect to pay between $167 to $291 per month or $2,000 to $3,500 per year for insurance. However, this can vary a lot. Sports cars and high-performance vehicles usually have higher insurance costs because of their value and risk factors. With this car, you might see your insurance premiums go way up.

Audi R8 V10 Plus

• Car cost: $161,395

The Audi R8 V10 Plus is a top-of-the-line luxury sports car known for its impressive performance and powerful V10 engine. However, owning such a high-performance vehicle comes with its own set of challenges, particularly when it comes to insurance costs.

The high price range of the Audi R8 V10 Plus means that repairs and replacements can be quite expensive, leading to higher insurance premiums. Insurers often see this type of vehicle as a higher risk due to its performance capabilities, which can result in higher monthly premiums ranging from $250 to $450. These costs can vary based on factors such as location, driving history, and mileage options.

Toyota Supra GR

• Car cost: $57,345

The Toyota Supra GR is equipped with a turbocharged inline-six engine, delivering impressive acceleration and speed. Therefore, owning a Toyota Supra GR is likely to raise your insurance premium due to its high performance and pricing.

Also, expensive vehicles require high maintenance fees and hike insurance rates. Although insurance can vary based on various factors, the estimated insurance premium for a Toyota Supra GR typically ranges from $150 to $250, and the annual premium is generally between $1,800 and $3,000.

Nissan GT-R Nismo

• Car cost: $221,090

The Nissan GT-R Nismo can really hike up your insurance costs because it's a high-performance sports car with a powerful engine and advanced technology.

Sports cars are considered luxury and expensive, so insurance companies may see them as high-risk. This can lead to higher premiums, with costs ranging from $321 per month to $2,000 to $4,000 annually.

Lamborghini Huracán Evo

• Car cost: $249,865

The Lamborghini Huracan is a really fast sports car made by the Italian company Lamborghini. It came out in 2014 as the new version of the Lamborghini Gallardo. The cost of insuring a Lamborghini Huracan is pretty high, averaging anywhere from $7,000 to $10,000 per year.

But these are just estimates — your actual cost might be different. Because the car is so valuable and expensive to fix, the insurance rates are high. If something happens to it, the most common part to replace is the nose piece, which costs $11,000 without paint and labor.

McLaren 720S

• Car cost: $310,500

The McLaren 720S, the successor to the McLaren 650S, belongs to the second generation of McLaren's Super Series and was introduced as a high-performance supercar in 2017. It is renowned for its powerful 4.0-liter twin-turbocharged V8 engine, capable of producing 710 horsepower.

Due to its luxurious nature, the McLaren 720S requires high maintenance cost, resulting in higher insurance costs. Moreover, living in an urban area always leads to higher insurance rates compared to rural areas. On average, the cost of car insurance for a McLaren model is around $6,383 per year.

Tesla Model S

• Car cost: $76,630

The value of a Tesla is higher than that of the average car cruising on the streets today. Also, the insurance premium is far higher due to the Collision and Comprehensive Fire and Theft part of the policy. Given that a Tesla is typically priced between $50,000 to $70,000, it is clearer that the insurance rates for such vehicles would be on the higher end.

The cost of repairing a Tesla is more expensive than that of an average car, particularly in the case of frame damage. For a 40-year-old driver, the average annual auto insurance cost is $4,866. Interestingly, Louisiana holds the title of being the most expensive state for insuring a Tesla Model S, with an average cost of $9,808 per year. On the other hand, North Carolina stands as the cheapest state for insuring a Tesla, with an average cost of $2,913 per year.

Ferrari 488 Pista

• Car cost: $331,000

Insuring a Ferrari 488 Pista can lead to a significant increase in your insurance premium due to several factors. Firstly, the Ferrari 488 Pista is a high-performance, luxury sports car with a substantial market value. Insurance companies take into account the high cost of replacing or repairing such an expensive vehicle, resulting in higher premiums to accommodate potential payouts.

Additionally, the 488 Pista necessitates expensive maintenance and repairs, often involving rare parts and specialized technicians. These factors contribute to the overall higher costs of repairs, which directly impacts insurance premiums. Typically, insuring a Ferrari 488 Pista can range from around $1,516 annually and upwards.

Aston Martin DBS Superleggera

• Car cost: $333,686

The Aston Martin DBS Superleggera is the ultimate high-performance luxury ride with a massive 5.2-liter twin-turbo V12 engine that produces 715 horsepower. But let's be real, this bad boy comes with a price of over $300,000, and when it needs fixing, it requires serious cash. Maintenance is very expensive, boosting your insurance costs to the sky, anywhere from $2,000 to $5,000 a year.

Bentley Continental GT

• Car cost: $250,000

Insuring a Bentley can be more expensive than standard auto insurance due to its class, as a luxury vehicle. The higher insurance rates for luxury cars are necessary to cover the influence cost of the Bentley Continental series and the increased repair expenses associated with them.

When comparing it to other luxury vehicles, you will observe the average insurance cost for a Bentley Continental GT is around $390 per month, which is similar to that of a Mercedes Benz 550 S-Class. Also, the high performance and maintenance needs of a Bentley may lead to higher insurance costs. These estimates are influenced by various factors.

Jaguar F-Type R

• Car cost: $75,493

The Jaguar F-Type, a stunning two-door, two-seater car produced by British manufacturer Jaguar Land Rover in 2013, boasts a powerful engine and impressive speed characteristics. However, these performance features also make it more susceptible to accidents and higher severity incidents, resulting in elevated insurance rates to offset the heightened risk. The annual insurance cost for a Jaguar F-TYPE is estimated at around $4,424, surpassing the national average for luxury convertible models by $1,529.

Cadillac CT6-V

• Car cost: $68,010

The Cadillac CT6-V made its debut in 2016 as a top-of-the-line full-size luxury sedan. In 2019, Cadillac unveiled the CT6-V as a high-performance version of the standard CT6. Under the hood, the CT6-V boasts a formidable 4.2-liter twin-turbocharged V8 engine, known as the “Blackwing,” delivering an impressive 550 horsepower.

When looking to purchase a used Cadillac CT6-V, prospective buyers should consider that prices typically range between $70,000 and $100,000, with variations based on the specific model year and optional features. Additionally, it's important to take into account the cost of insuring a Cadillac CT6-V, which is estimated to be around $205 per month or $2,462 per year. It's worth noting that insurance rates can fluctuate based on individual factors such as driving history, location, age, and other considerations.

Alfa Romeo Giulia Quadrifoglio

• Car cost: $81,855

It's worth noting that while the Alfa Romeo Giulia offers a luxurious and comfortable driving experience, it's important to be mindful of potential higher insurance costs associated with this high-end vehicle. As reported by Insurance.com, the average auto insurance cost for the Alfa Romeo Giulia is approximately $267 per month or $3,201 annually.

It's worth considering that insurance costs can fluctuate based on factors such as driving history, model year, and the insurance company. Additionally, it's important to keep in mind that Giulia models equipped with advanced safety features and technology may have slightly higher insurance premiums due to potential higher repair costs and attractiveness to thieves.

Aston Martin DB11

• Car cost: $220,086

The Aston Martin DB11 is all about luxury. The standard 528-horsepower twin-turbo V-8 model is awesome, but the mighty 630-horsepower, twin-turbo V-12 coupe takes it to a whole new level. Both engines are paired with an eight-speed automatic transmission that powers the rear wheels.

When it comes to insurance, Aston Martin is estimated around $225 monthly or $2700 annually, making it one of the most expensive cars to insure. Some insurance companies even say that the annual premium for an Aston Martin can go over $5,000, depending on the model and level of customization.

Rolls-Royce Ghost

• Car cost: $354,750

Luxury cars have higher insurance premium costs, and the Royce Ghost is just one of them. With its high maintenance cost and advanced security features and technology, Ghost is very high on the insurance ladder.

The Rolls-Royce Ghost is designed like a traditional Rolls-Royce, but it's powered by an ultra-quiet V-12 engine and offers a soft, graceful ride. It features plush leather, beautiful veneer, and elegant metal trims. The yearly auto insurance cost for a Rolls-Royce Ghost is estimated to be around $7,073, which is $4,178 higher than the national average for luxury exotic models.

Porsche Cayenne Turbo

• Car cost: $84,700

The Porsche Cayenne is an impressive luxury SUV known for its power and stylish design. With the latest generation featuring the Cayenne Turbo and Turbo S models offering 500 and 550 horsepower, respectively, they stand out as top-tier 4×4 performance vehicles in today's market.

However, it's important to note that the insurance for this vehicle can be on the higher end compared to other cars. On average, auto insurance for a Porsche Cayenne totals around $3,220 annually, exceeding the national average for luxury SUV models by $325. It's essential to explore ways to manage these costs effectively.