How Much Is Insurance For A Luxury Car

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How Much Is Insurance For A Luxury Car

The national average crept up 92 this year which is an increase of roughly 5 percent. Best car insurance offers for you.

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Allstate and farmers tend to be on the higher end for our user profile while usaa and nationwide remain the most affordable car insurance options for the es.

How much is insurance for a luxury car. Learn more about what coverage options there are and how you can reduce your insurance premiums if you own a luxury vehicle. If you re planning on driving a porsche panamera turbo you can count on writing a check for roughly 2 700 to whatever insurance company is covering it. Our research found that luxury car insurance costs around 5 000 per year on average.

Luxury sedans generally aren t cheap to buy but buyers of some models may be pleasantly surprised when they get their first insurance bill. The mercedes benz cl600 is another chart topper when it comes to insurance cost coming in at an eye popping 3 300 per year. Ferrari rolls royce porsche bentley.

With a listed value of 39 900 and an average annual insurance premium of 1 814 this luxury sedan costs more than 151 per month to insure. How can you save money on luxury car insurance. Annual lexus es insurance costs.

As you can see rates vary wildly by the state. Theft coverage must also be taken into consideration when insuring a luxury car. Classic car insurnce rates in idaho average 407 93 year while rates in lousisina are more than twice as much at around 843 22 year.

The cx 3 costs a mere 1 324 to insure which is a whopping 580 less than the national average of 1 904. How much does car insurance cost for a luxury car e g. Insurance rates for luxury cars can also be higher for foreign vehicles as replacement parts can be difficult or expensive to come by in the event that your car needs a covered repair.

The honda cr v lx was second with a premium of 1 333 and the jeep wrangler sport s rounded out the top three.

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