Luxury cars from nameplates like BMW, Mercedes-Benz and Audi have stiff competition from the luxury SUV segment, but future growth is forecasted to be around 6% per year through 2025 due to a focus on comfort, safety, and the shift towards electric powertrains.
With a range of MSRPs from $31,500 for an Acura Integra to a starting price of $194,450 for the Mercedes-Benz Maybach S580, the cost of insurance for luxury cars also has a lot of variability.
Let’s start by taking a look at the small luxury car segment and see how those 18 models compare in our insurance cost rankings.
What is the cheapest compact luxury car to insure?
The cheapest 2024 model year small luxury car to insure is the Acura Integra, costing $1,688 annually. For a semi-annual or 6-month policy term, drivers can expect to pay around $844. To work this cost into a monthly budget, figure around $141 each month for full coverage.
Second and third place honors for the cheapest luxury car insurance rates go to the BMW 330i, costing $1,932 per year, and the Acura TLX at $1,962 annually.
The table below ranks the segment from number one to 18 for insurance affordability.
| Rank | Make/Model | Annual Premium | Cost Per Month |
|---|---|---|---|
| 1 | Acura Integra | $1,688 | $141 |
| 2 | BMW 330i | $1,932 | $161 |
| 3 | Acura TLX | $1,962 | $164 |
| 4 | Cadillac CT4 | $1,982 | $165 |
| 5 | Genesis G70 | $1,986 | $166 |
| 6 | Lexus IS 350 | $1,996 | $166 |
| 7 | Lexus RC 350 | $2,058 | $172 |
| 8 | BMW 330e | $2,060 | $172 |
| 9 | BMW 228i | $2,064 | $172 |
| 10 | BMW 230i | $2,080 | $173 |
| 11 | Audi S3 | $2,128 | $177 |
| 12 | Alfa Romeo Giulia | $2,138 | $178 |
| 13 | Audi A4 | $2,184 | $182 |
| 14 | BMW M235i | $2,196 | $183 |
| 15 | Volvo S60 | $2,226 | $186 |
| 16 | Audi RS 3 | $2,268 | $189 |
| 17 | BMW M240i | $2,312 | $193 |
| 18 | BMW M340i | $2,318 | $193 |
Data Methodology: Rates and models are for the 2024 model year. Driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle. Updated February 23, 2024
Ranked last out of the 18 vehicles in the small luxury car class is the BMW M340i, costing an estimated $2,318 per year for auto insurance. That is $630 more each year compared to the cheapest small luxury car to insure, the Acura Integra.
The average rate for the entire 2024 small luxury car class is $2,088 per year, which is $205 more than the average rate for all types of vehicles insured in the U.S.
What is the cheapest midsize luxury car to insure?
For the midsize luxury segment, the cheapest model to insure is the Mercedes-Benz CLA250, costing an estimated $1,954 per year. This breaks down to $977 for a 6-month policy or $163 per month. With the average midsize luxury car costing $2,328 per year for insurance, the Mercedes-Benz CLA250 ranks well at $374 less per year.
The other models ranked in the top five midsize luxury cars with the cheapest insurance cost include the Lexus IS 300 at $1,956 per year, the Lexus ES 350 at $1,980, the Mercedes-Benz AMG CLA35 at $1,988, and the Lexus RC 300 at $1,994.
| Rank | Make/Model | Annual Premium | Cost Per Month |
|---|---|---|---|
| 1 | Mercedes-Benz CLA250 | $1,954 | $163 |
| 2 | Lexus IS 300 | $1,956 | $163 |
| 3 | Lexus ES 350 | $1,980 | $165 |
| 4 | Mercedes-Benz AMG CLA35 | $1,988 | $166 |
| 5 | Lexus RC 300 | $1,994 | $166 |
| 6 | Jaguar XF | $2,008 | $167 |
| 7 | Cadillac CT5 | $2,044 | $170 |
| 8 | Lexus ES 250 | $2,054 | $171 |
| 9 | Lexus ES 300h | $2,082 | $174 |
| 10 | Audi A3 | $2,132 | $178 |
| 11 | Infiniti Q50 | $2,148 | $179 |
| 12 | Mercedes-Benz AMG CLA45 | $2,174 | $181 |
| 13 | Audi S4 | $2,184 | $182 |
| 14 | Mercedes-Benz EQE 350 | $2,206 | $184 |
| 15 | BMW i4 | $2,214 | $185 |
| 16 | Lexus IS 500 | $2,242 | $187 |
| 17 | BMW 530i | $2,306 | $192 |
| 18 | Audi S5 | $2,330 | $194 |
| 19 | BMW 540i | $2,336 | $195 |
| 20 | BMW 430i | $2,386 | $199 |
| 21 | BMW i5 | $2,396 | $200 |
| 22 | Genesis G80 | $2,408 | $201 |
| 23 | Mercedes-Benz EQE 500 | $2,436 | $203 |
| 24 | Mercedes-Benz AMG C43 | $2,452 | $204 |
| 25 | Audi A6 | $2,458 | $205 |
| 26 | Tesla Model S | $2,488 | $207 |
| 27 | BMW 530e | $2,510 | $209 |
| 28 | Audi RS 5 | $2,516 | $210 |
| 29 | Audi S6 | $2,534 | $211 |
| 30 | BMW M440i | $2,600 | $217 |
| 31 | Audi A7 | $2,646 | $221 |
| 32 | Lexus LC 500h | $2,842 | $237 |
| 33 | Audi S7 | $2,934 | $245 |
| 34 | BMW M8 | $3,198 | $267 |
Data Methodology: Rates and models are for the 2024 model year. Driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle. Updated February 23, 2024
Coming in last out of the 34 vehicles in the 2024 midsize luxury car segment is the BMW M8, costing an average of $3,198 annually to insure.
The difference between the cheapest insurance on the Mercedes-Benz CLA250 and the most expensive for the BMW M8 is $1,244 per year, or around $104 per month. When compared to the national average auto insurance rate of $1,883, the average midsize luxury car costs $445 more per year.
What is the cheapest large luxury car to insure?
Ranked #1 for cheapest luxury car insurance rates in the large car segment is the 2024 Audi A5, costing an average of $2,246 per year. The large luxury car segment as a whole averages $3,036 per year, so expect to pay around $790 less on average to insure the Audi A5.
In second place, the Volvo S90 costs $2,324 per year, and third place goes to the Genesis G90 at $2,494 annually. The full list of all 24 large luxury cars is ranked by car insurance cost from cheapest to most expensive below.
| Rank | Make/Model | Annual Premium | Cost Per Month |
|---|---|---|---|
| 1 | Audi A5 | $2,246 | $187 |
| 2 | Volvo S90 | $2,324 | $194 |
| 3 | Genesis G90 | $2,494 | $208 |
| 4 | Mercedes-Benz AMG E53 | $2,504 | $209 |
| 5 | Mercedes-Benz EQS 450 | $2,530 | $211 |
| 6 | Lexus LS 500 | $2,608 | $217 |
| 7 | Lexus LS 500h | $2,642 | $220 |
| 8 | BMW 840i | $2,718 | $227 |
| 9 | BMW i7 | $2,756 | $230 |
| 10 | Audi RS 7 | $2,854 | $238 |
| 11 | BMW M850i | $3,060 | $255 |
| 12 | BMW 740i | $3,072 | $256 |
| 13 | BMW 750e | $3,082 | $257 |
| 14 | Mercedes-Benz AMG GT43 | $3,104 | $259 |
| 15 | Audi S8 | $3,140 | $262 |
| 16 | Mercedes-Benz S500 | $3,220 | $268 |
| 17 | Audi A8 | $3,226 | $269 |
| 18 | BMW 760i | $3,244 | $270 |
| 19 | Mercedes-Benz S580 | $3,374 | $281 |
| 20 | Mercedes-Benz EQS 580 | $3,428 | $286 |
| 21 | Mercedes-Benz Maybach S580 | $3,726 | $311 |
| 22 | Mercedes-Benz AMG EQS | $3,762 | $314 |
| 23 | Porsche Panamera | $3,784 | $315 |
| 24 | Mercedes-Benz Maybach S680 | $3,974 | $331 |
Data Methodology: Rates and models are for the 2024 model year. Driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle. Updated February 23, 2024
The most expensive large luxury car to insure from the 2024 class is the Mercedes-Benz Maybach S680, costing $3,974 per year. It will cost around $1,728 more to insure a Mercedes-Benz Maybach S680 each year compared to the cheapest large luxury car to insure, the Audi A5.
How much does luxury car insurance cost?
For small luxury cars, the average car insurance rate for 2024 is $2,088 per year. Midsize luxury cars have an average insurance cost of $2,328 per year. And finally, large luxury cars have an average insurance cost of $3,036 per year.
Which luxury cars have the cheapest insurance rates?
For the small luxury car segment, the cheapest model to insure is the Acura Integra, costing $1,688 per year. For midsize luxury sedans, the cheapest car insurance rates are on the Mercedes-Benz CLA250, costing $1,954 per year. An finally, the cheapest large luxury car to insure is the Audi A5, costing $2,246 per year.
What does luxury car insurance cost per month?
For small luxury cars like the BMW 330i or the Acura TLX, the average monthly car insurance rate is $174 for full coverage. Midsize luxury cars like the Audi A3 or Lexus ES 350 have an average monthly auto insurance cost of $194. Large luxury cars like the Infiniti Q60 or BMW 740i have an average monthly car insurance cost of $253.