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Protecting Your Investment
Owning your dream car isn’t just all about making the payments. The cost of insuring some of the world’s most extravagant sports cars could punch another hole in your wallet each month.
A study conducted by Insure.com that calculated averages from six large insurance carriers (Allstate, Geico, Farmers, Nationwide, Progressive and State Farm) to determine the most expensive cars to insure. Unfortunately, data wasn’t available for some of the more high-end exotics, such as Ferraris and Lamborghinis, which is why they’re noticeably missing from this list.
The averages for the yearly premiums are based on full coverage for a 40-year-old male with a clean driving record and good credit while commuting 12 miles to work daily. The rates are based on $100,000 injury liability for one person, $300,000 for all injuries and $50,000 for property damage with a $500 deductible on collision and comprehensive coverage.