The 10 Most Expensive Cars to Insure
While auto insurers consider many factors when setting auto insurance rates, your car’s make and model are some of the most important. From typical repair costs to the number of liability claims filed, you may be surprised at how much your car choice affects auto insurance costs.
What Makes a Car Expensive To Insure?
There are various factors that can make a vehicle expensive to insure. For example, auto insurance providers might consider you more likely to get into an accident or to receive a speeding ticket if you have a car with a powerful engine.
Your chosen trim level can also have a major effect on how much you get charged for car insurance. If you own a new car with high-tech features that will cost more to repair or replace, auto insurers may require higher rates to cover these potential expenses.
In addition, you’ll likely face a hefty insurance bill if you own a luxury or high-performance car like the Porsche Panamera, Maserati Quattroporte, Audi R8, or Mercedes-AMG GT.
10 Most Expensive Car Brands To Insure
We ranked the 10 most expensive cars to insure using data from Quadrant Information Services. We’ve also included the annual and monthly average rates required to insure these vehicles with the industry’s top-rated insurance providers.
10. Toyota
Toyota comes in as the 10th most expensive car make to insure, with an annual average cost of $164 per month or $1,964 per year for 2022 models. This is about 13% higher than the national average. However, if you’re looking for a full-coverage insurance policy, our top five providers offered rates for 2022 Toyota models that are below the national average.
Average Cost To Insure a Toyota
See the table below for annual and monthly averages for 2022 Toyota models:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $93 | $1,120 |
| Erie Insurance | $118 | $1,419 |
| Geico | $119 | $1,433 |
| State Farm | $139 | $1,664 |
| Travelers | $139 | $1,673 |
9. Kia
Another leading car brand from South Korea, the HLDI found that Kia models are top targets of auto theft as well. Many 2015 to 2019 Hyundai and Kia models lack electronic immobilizers, which prevent thieves from starting a car without the proper key. The average costs for auto insurance for 2022 Kia models amount to $164 per month or $1,968 per year.
Average Cost To Insure a Kia
Here’s more cost information on auto insurance for 2022 Kia models:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $91 | $1,093 |
| Erie Insurance | $123 | $1,480 |
| Geico | $125 | $1,497 |
| State Farm | $144 | $1,723 |
| Travelers | $150 | $1,803 |
8. Hyundai
Hyundai is a well-known and popular South Korean automaker. Unfortunately, the Highway Loss Data Institute (HLDI) found that vehicles built by Hyundai and Kia are often top targets of car thieves, with theft claims twice as common as with all other manufacturers combined. The average cost of auto insurance for a 2022 Hyundai is $164 per month or $1,973 per year.
Average Cost To Insure a Hyundai
Our top insurance providers offer rates for 2022 Hyundai models that are below or close to the national average. Below are details on the annual premiums you could pay for a Hyundai:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $93 | $1,110 |
| Geico | $119 | $1,425 |
| Erie Insurance | $129 | $1,542 |
| Travelers | $145 | $1,744 |
| State Farm | $146 | $1,756 |
7. Nissan
Nissan is the seventh most expensive automotive brand to insure. With models like the speedy Nissan GT-R and the all-electric Nissan Leaf, you’ll find the average cost of auto insurance for a 2022 Nissan to be around $167 per month or $2,004 per year.
Average Cost To Insure a Nissan
Find an average car insurance cost breakdown for all 2022 Nissan models below:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $94 | $1,130 |
| Erie Insurance | $116 | $1,395 |
| Geico | $125 | $1,498 |
| State Farm | $143 | $1,713 |
| Travelers | $156 | $1,875 |
6. Ram
A subset of Fiat Chrysler Automobiles (FCA), Ram is well-known for its heavy-duty pickup trucks. The IIHS found that pickup trucks and SUVs are proportionally more likely than cars to be involved in fatal single-vehicle crashes such as rollovers.
Average Cost To Insure a Ram
The risks associated with protecting pickup trucks could factor into the cost of auto insurance for Ram models, which is $175 per month or $2,101 per year. See below for rate estimates on a 2022 Ram model from five of the top auto insurers:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $96 | $1,153 |
| Geico | $134 | $1,604 |
| Erie Insurance | $141 | $1,697 |
| Travelers | $148 | $1,771 |
| State Farm | $154 | $1,852 |
5. GMC
GMC is a division of General Motors (GM) that manufactures trucks and other utility vehicles. As the fifth most expensive vehicle make to insure, the average cost for auto insurance on a 2022 GMC model is $184 per month or $2,207 per year.
Average Cost To Insure a GMC
See below for more details on average insurance rates for a 2022 GMC from top-ranked providers. Several fall below the overall national average of $1,730 per year.
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $113 | $1,352 |
| Erie Insurance | $137 | $1,638 |
| Geico | $146 | $1,756 |
| Travelers | $154 | $1,848 |
| State Farm | $174 | $2,089 |
4. Lexus
Lexus ranks as the fourth most expensive make to insure. While both the Lexus ES 350 and the Lexus IS were 2022 Top Safety Pick+ winners from the IIHS, this luxury brand’s car insurance rates aren’t cheap. The average cost to insure a Lexus is $189 per month or $2,273 per year.
Average Cost To Insure a Lexus
Check the table below for auto insurance rate averages for a 2022 Lexus:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $121 | $1,454 |
| Erie Insurance | $145 | $1,742 |
| Geico | $147 | $1,761 |
| Travelers | $153 | $1,832 |
| State Farm | $166 | $1,997 |
3. BMW
The average cost to insure a BMW is $195 per month or $2,337 per year, which is 35% higher than the national average. BMW is known as a luxury car brand, so this high insurance cost may come as little surprise. Higher-end models and luxury vehicles cost more to insure overall.
Average Cost To Insure a BMW
See below for average BMW insurance costs for a 2022 model from our top five providers:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $112 | $1,344 |
| Erie Insurance | $149 | $1,788 |
| Geico | $154 | $1,850 |
| Travelers | $158 | $1,900 |
| State Farm | $171 | $2,054 |
2. Tesla
Tesla is one of the most well-known electric vehicle (EV) manufacturers on the market today. However, the IIHS found that models such as the Tesla Model X are expensive to repair after collisions, which partly explains why they’re pricey to insure. Since EV models use parts that are tough to find and often expensive, it’s not surprising that Teslas have high insurance rates.
Average Cost To Insure a Tesla
The national average cost to insure a 2022 Tesla model is $251 per month or $3,007 per year. That’s almost a 74% increase from the national average cost for full-coverage auto insurance.
Below are the average Tesla insurance rates from top-scoring providers:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| USAA | $130 | $1,558 |
| State Farm | $176 | $2,115 |
| Erie Insurance | $183 | $2,201 |
| Travelers | $219 | $2,624 |
| Geico | $287 | $3,442 |
1. Dodge
While Dodge is one of America’s oldest automakers, it’s mainly known today for offering cars packed with power and speed. Partly due to this, the Insurance Institute for Highway Safety (IIHS) found that the Dodge Charger’s insurance losses are about 110% higher than average, with other Dodge models following closely behind. When taken together, Dodge models are the most expensive cars to insure among the leading brands in the U.S.
Average Cost To Insure a Dodge
The average cost to insure a 2022 Dodge model is $354 per month or $4,242 per year. That’s about 145% higher than the national average for a full-coverage auto policy, which is currently $144 per month or $1,730 per year.
Below are the average rate estimates for Dodge models from leading car insurance providers:
| Car Insurance Company | Average Monthly Insurance Rate | Average Annual Insurance Rate |
|---|---|---|
| Erie Insurance | $199 | $2,388 |
| USAA | $209 | $2,506 |
| State Farm | $242 | $2,908 |
| Travelers | $323 | $3,870 |
| Geico | $479 | $5,753 |
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