Car insurance policy with money and key fob
You can do a lot of things that can help to keep your car insurance rates down. From high deductibles, to discounts, to keeping minimum coverage, there are strategies for tackling climbing insurance premiums.
While the best strategy is to keep your driving record clean, there are other factors that are somewhat out of your control, like the theft rate for where you live. Another factor that can increase rates, even with a good record, is the type of car you drive.
In this article, we’ll review a study by The Zebra that identified the most expensive car insurance in 2019. If you’re driving one of these vehicles, it may be tough to bring your rates down.
The Study
The Zebra performed a comprehensive pricing analysis between September and December of 2018. Using a standard driver profile, they gathered data from insurance rating platforms and public rate filings.
The standard profile used was for a 30-year-old, unmarried, male driver with a good driving record. The coverage limits used where $50,000 for bodily injury liability per person/$100,000 bodily injury liability per accident/$50,000 property damage liability per accident, with a $500 deductible for comprehensive and collision.
The Ranking
The figures quoted in the ranking are based on the hypothetical standard profile. What you will actually pay if you are insuring one of these vehicles is heavily dependent on your personal situation including your driving record, location, age, sex and marital status. These factors are all combined differently by each insurance company to come up with a risk profile. This statistical likelihood that you will have an accident or incident is what is used to determine the rate you will pay.
Here are the top ten most expensive cars to insure for 2019
| Rank | Most Expensive | Premium |
| 1 | Audi R8 | $4,102 |
| 2 | BMW i8 | $4,032 |
| 3 | Dodge Viper | $3,921 |
| 4 | Nissan GT-R | $3,865 |
| 5 | Porsche 911 | $3,493 |
| 6 | BMW X6 | $3,395 |
| 7 | Tesla Model S | $3,381 |
| 8 | Mercedes-Benz G-Class | $3,379 |
| 9 | Mercedes-AMG GT | $3,359 |
| 10 | BMW 7-series | $2,478 |
The Most Expensive Cars
If you buy an expensive car, you probably already understand that you are going to pay more for insurance. This is because high-end cars generally come with high-end components and engines. If you are in accident with one of these cars, the cost to repair will be much higher than a standard model Honda, for instance.
The Car with The Greatest Premium Increase
If you already own one of these expensive cars, you may see a rate increase that is far higher than even the other cars on the list. For instance, from 2017 to 2018, the average annual premium for a Tesla Model S increased by almost 330%. This was followed by the the BMW 7-Series, which increased by almost 193% and the Audi R8, which increased by almost 150%
While this study used a 30-year-old male for a profile to compare rates, what you will actually pay will be different. This is why it’s important to shop around. The formula used to calculate rates can vary significantly among insurance companies.
The InsuranceWins form is the place to start. Simply fill out a few details and find out just how much you will spend on car insurance premiums, and how much you can save.
