In a separate post we featured the 20 cheapest new-vehicles to insure for 2022, according to the annual report issued by the website Insure.com. Leading the list is the Subaru Forester compact SUV in its 2.5I Wilderness trim at an average annual $1,353. Even the most costly-to-cover car on the list, the Jeep Wrangler Willys Sport at number 20, costs a mere $1,415 per year.
But what about the models at the other end of the ledger? Unobtainable rides from the likes of Rolls-Royce and Ferrari aside, the vehicle that’s expected to command the highest insurance rates for 2022 among mainstream makes is the Maserati Quattroporte luxury sports sedan at an average annual $5,176. While nobody would likely cross-shop a sensible Subaru and a six-figure Maserati, the website’s survey indicates there’s a spread of $3,823 in yearly premiums between the most and least costly models in this regard.
Why such a marked difference? Generally speaking, inexpensive-to-repair models that tend to be driven gently and have top safety ratings are the cheapest to cover. On the other hand, the most expensive models to insure tend to be luxury rides that cost a fortune to fix, as well as high-performance models that put as much as 600 horsepower (or more) to the pavement and are subsequently driven fast and furiously.
We’re counting down the 20 costliest cars to cover below.
Insure.com bases average annual insurance costs on data from 3,000 separate models collected from the seven largest carriers, in 10 Zip Codes per state, based on a hypothetical single 40-year-old male who commutes 12 miles to work each day, with typical policy limits, a clean record and good credit.
Of course, auto insurance rates can only go up from there, depending on one’s personal factors. Those owning the flashiest and costliest rides who live in a big city and have moving violations and/or at-fault accidents on their driving records will be charged substantially more than the averages cited here. A recent report found that individuals with even a single traffic ticket or crash to their names will typically pay 55 percent more per year than someone having a clean history. Some carriers may deny coverage if the car and/or driver are deemed to represent an unacceptable risk.
Beyond that, rates can vary significantly from one state to another due to crash/claim/crime rates, the number of uninsured drivers, the frequency of inclement weather, population density, the number of insurance companies doing business within a given state, the required minimum coverage amounts, and insurance industry regulations.
It can help by shopping around among multiple carriers every year (or more frequently if personal factors change) to ensure one is getting the lowest available rates. While some drivers can save some cash by minimizing liability coverage, and/or raising deductibles on comprehensive, and collision coverage (or dropping them altogether), that’s not always a prudent way to go among those owning some of the costliest rides on the road.
Insurance companies usually grant discounts for those who own multiple cars, who “bundle” vehicle and homeowner’s insurance with the same company, drive a minimal number of miles per year, pay premiums annually, and/or who set up automatic payments. At that, such savings can seem minimal on policies that otherwise cost thousands of dollars per year. Many companies will assess rates depending upon one’s actual driving habits, based on data collected from monitors plugged into a vehicle’s onboard diagnostics port, though we suspect they rarely work in favor of someone who owns a high-performance car that practically begs to be piloted aggressively.
For better or worse, here are the 20 vehicles Insure.com says will trigger the highest possible average annual auto insurance rates, with applicable trim levels noted for each.
The Most Expensive Cars To Insure For 2022:
- Maserati Quattroporte: $5,176
- Maserati Quattroporte Modena Q4: $5,118
- BMW M8 Competiton Gran Coupe: $4,231
- Porsche Panamera Turbo S E-Hybrid Executive: $4,221
- Audi RS E-tron GT: $4,150
- Porsche Panamera Turbo: $4,129
- Tesla Model S Plaid: $4,115
- BMW M8 Competition XDrive: $4,054
- Porsche Taycan Turbo S: $4,028
- Audi R8 5.2L V10 Quattro Performance: $3,967
- Audi RS6 Avant Quattro: $3,922
- BMW M760i xDrive: $3,911
- BMW M850i XDrive Gran Coupe: $3,854
- Maserati Ghibli Trofeo: $3,840
- Alfa-Romeo Giulia Quadrifoglio: $3,695
- Acura NSX Type S: $3,626
- Dodge Charger SRT Hellcat Redey:e $3,533
- Dodge Charger SRT Hellcat: $3,528
- Porsche 911 Carrera Targa 4 GTS: $3,527
- Tesla Model S Long Range: $3,503
The full report from Insure.com can be found here.