Who has the most expensive car insurance?
Amongst all the states, Louisiana is the most expensive state with an average auto insurance premium of $2,839 per year, a 19% increase in rates from 2020….Car insurance rates by state 2021.
| Rank | State | Average premiums |
|---|---|---|
| 1 | Louisiana | $2,839 |
| 2 | Michigan | $2,112 |
| 3 | Florida | $2,082 |
| 4 | California | $1,966 |
How much is the most expensive car insurance?
Louisiana is the most expensive state for full coverage auto insurance at $2,986 per year on average, followed by Florida and Nevada. Iowa is the cheapest state for minimum required coverage, at an annual average car insurance rate of $237, followed by South Dakota and Idaho.
Who is the most expensive insurance?
What were the most expensive cars to insure in 2020?
- BMW i8. The BMW i8 is the country’s most expensive vehicle to insure.
- Maserati Quattroporte. The Maserati Quattroporte is one of the most expensive cars to insure.
- Nissan GT-R.
- Maserati GranTurismo.
- Mercedes-Benz S-Class.
- Mercedes-AMG GT.
- BMW X6.
- Tesla Model X.
How much is the insurance on a Bugatti?
According to ValuePenguin, the annual insurance estimate for the car rests at $50,000. To be fair, the Bugatti Chiron Sport “110 Ans” is an expensive car. The MSRP is over $3.2 million, and some dealers are charging even more than that.
Are older cars more expensive to insure?
Are older cars cheaper to insure? Yes, most older cars are cheaper to insure, especially in terms of comprehensive and collision insurance. Cars lose value as they age, so the potential insurance payouts after an accident drop as well. This is not the case with many classic or collector cars.
Why are BMW so expensive to insure?
As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.
How much is insurance on a McLaren P1?
On average, car insurance cost for a 2017 Mclaren P1 is $143 a month, which is around $1.710 a year.
How much does insurance cost on a Lamborghini?
The average cost of Lamborghini insurance Across the Lamborghini models we surveyed, we found that auto insurance costs ranged from $5,424 to $7,949 per year. Insurance rates were closely correlated to vehicle value, as more expensive models had higher costs than cheaper models.
What is the most expensive car to insure?
BMW i8 The BMW i8 is the country’s most expensive vehicle to insure. As a high-performance vehicle, the manufacturer suggested retail price (MSRP) is $147,500, and its average annual insurance costs amount to $4,303.
Is it cheaper to insure a luxury car or regular car?
On average, a luxury car will cost almost twenty percent more to insure than a more basic family vehicle. Are expensive cars more to insure? Yes. Expensive cars have expensive parts, which means collisions and repairs will cost an insurance company more.
Who has the cheapest auto insurance quotes?
It costs an average of $364 per month to insure, but Nationwide could be the cheapest insurer at $203 per month or $1,219 per six-month policy. Other affordable companies include Farmers ($1,489) and Erie ($1,542).
What is the most expensive company to insure a Tesla with?
Our data shows the most expensive company through which to insure a Tesla Model S is Allmerica. 8. Mercedes-Benz G-Class Data from our 2018 State of Auto Insurance shows that the costliest company to insure your Mercedes-Benz G-Class with is Safeco, where your annual premium might be $4,551.