Luxury Car Insurance Cost for 2022

How much does luxury car insurance cost? Find out which small, midsize, and large models rank highest in our luxury car insurance quotes comparison.

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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 $27,300 for an Acura ILX to a starting price of $184,900 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 19 models compare in our insurance cost rankings.

What is the cheapest compact luxury car to insure?

The cheapest 2022 model year small luxury car to insure is the Mercedes-Benz A220, costing $1,500 annually. For a semi-annual or 6-month policy term, drivers can expect to pay around $750. To work this cost into a monthly budget, figure around $125 each month for full coverage.

Second and third place honors for the cheapest luxury car insurance rates go to the BMW 330i, costing $1,612 per year, and the Acura TLX at $1,620 annually.

The table below ranks the segment from number one to 19 for insurance affordability.

Small Luxury Car Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Mercedes-Benz A220$1,500$125
2BMW 330i$1,612$134
3Acura TLX$1,620$135
4Volvo S60$1,638$137
5BMW 330e$1,642$137
6BMW 228i$1,652$138
7BMW 230i$1,664$139
8Alfa Romeo Giulia$1,692$141
9Cadillac CT4$1,694$141
10Lexus RC 350$1,698$142
11Genesis G70$1,720$143
12Audi A4$1,766$147
13Audi S3$1,772$148
14Mercedes-Benz C300$1,814$151
15BMW M235i$1,852$154
16Audi RS 3$1,856$155
17BMW M240i$1,884$157
18Lexus IS 350$1,898$158
19BMW M340i$1,902$159

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 13, 2022
    Small Luxury Car Insurance Cost Comparison

    Ranked last out of the 19 vehicles in the small luxury car class is the BMW M340i, costing an estimated $1,902 per year for auto insurance. That is $402 more each year compared to the cheapest small luxury car to insure, the Mercedes-Benz A220.

    The average rate for the entire 2022 small luxury car class is $1,730 per year, which is $163 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 Acura ILX, costing an estimated $1,404 per year. This breaks down to $702 for a 6-month policy or $117 per month. With the average midsize luxury car costing $2,018 per year for insurance, the Acura ILX ranks well at $614 less per year.

    The other models ranked in the top five midsize luxury cars with the cheapest insurance cost include the Lexus RC 300 at $1,690 per year, the Mercedes-Benz AMG CLA35 at $1,732, the BMW i4 at $1,740, and the Cadillac CT5 at $1,744.

    Midsize Luxury Car Insurance Cost Comparison
    Rank Make/Model Annual Cost Monthly Cost
    1Acura ILX$1,404$117
    2Lexus RC 300$1,690$141
    3Mercedes-Benz AMG CLA35$1,732$144
    4BMW i4$1,740$145
    5Cadillac CT5$1,744$145
    6Audi A3$1,762$147
    7Mercedes-Benz AMG CLA45$1,770$148
    8Mercedes-Benz CLA250$1,782$149
    9Lexus ES 250$1,784$149
    10Lexus IS 300$1,786$149
    11Lexus ES 350$1,794$150
    12Genesis G80$1,832$153
    13Audi S5$1,854$155
    14BMW 530i$1,890$158
    15Lexus ES 300h$1,896$158
    16Mercedes-Benz E350$1,908$159
    17BMW 530e$1,926$161
    18BMW 540i$1,930$161
    19Audi S4$1,938$162
    20BMW M440i$1,940$162
    21Mercedes-Benz E450$1,948$162
    22Audi A6$2,000$167
    23Jaguar XF$2,006$167
    24Lexus IS 500$2,028$169
    25BMW 430i$2,050$171
    26Mercedes-Benz CLS450$2,064$172
    27Audi RS 5$2,166$181
    28Mercedes-Benz AMG C43$2,186$182
    29Audi S6$2,198$183
    30Infiniti Q50$2,224$185
    31Mercedes-Benz AMG C63$2,254$188
    32BMW M550i$2,340$195
    33Audi A7$2,394$200
    34Tesla Model S$2,434$203
    35Lexus LC 500h$2,464$205
    36Audi S7$2,590$216
    37BMW M8$2,606$217
    38BMW M5$2,636$220

      Get Rates in Your AreaWhy is this important?

      Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 13, 2022
      Midsize Luxury Car Insurance Cost Comparison

      Coming in last out of the 38 vehicles in the 2022 midsize luxury car segment is the BMW M5, costing an average of $2,636 annually to insure.

      The difference between the cheapest insurance on the Acura ILX and the most expensive for the BMW M5 is $1,232 per year, or around $103 per month. When compared to the national average auto insurance rate of $1,567, the average midsize luxury car costs $451 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 Audi A5, costing an average of $1,790 per year. The large luxury car segment as a whole averages $2,410 per year, so expect to pay around $620 less on average to insure the Audi A5.

      In second place, the Volvo S90 costs $1,974 per year, and third place goes to the Lexus LS 500 at $2,048 annually. The full list of all 25 large luxury cars is ranked by car insurance cost from cheapest to most expensive below.

      Large Luxury Car Insurance Cost Comparison
      Rank Make/Model Annual Cost Monthly Cost
      1Audi A5$1,790$149
      2Volvo S90$1,974$165
      3Lexus LS 500$2,048$171
      4Mercedes-Benz AMG E53$2,082$174
      5Genesis G90$2,088$174
      6Mercedes-Benz AMG GT43$2,130$178
      7Lexus LS 500h$2,192$183
      8BMW 840i$2,206$184
      9BMW 745e$2,246$187
      10Mercedes-Benz EQS 450$2,298$192
      11Infiniti Q60$2,308$192
      12Mercedes-Benz S500$2,336$195
      13Audi RS 7$2,340$195
      14Mercedes-Benz EQS 580$2,356$196
      15BMW M850i$2,514$210
      16Mercedes-Benz S580$2,518$210
      17BMW 740i$2,540$212
      18Audi S8$2,574$215
      19BMW 750i$2,602$217
      20Audi A8$2,606$217
      21Porsche Panamera$2,656$221
      22Mercedes-Benz S560$2,772$231
      23BMW Alpina B8$2,906$242
      24BMW M760i$3,002$250
      25Mercedes-Benz Maybach S580$3,154$263

        Get Rates in Your AreaWhy is this important?

        Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 13, 2022
        Large Luxury Car Insurance Cost Comparison

        The most expensive large luxury car to insure is the Mercedes-Benz Maybach S580, costing $3,154 per year. It will cost around $1,364 more to insure a Mercedes-Benz Maybach S580 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 2022 is $1,730 per year. Midsize luxury cars have an average insurance cost of $2,018 per year. And finally, large luxury cars have an average insurance cost of $2,410 per year.

        Which luxury cars have the cheapest insurance rates?

        For the small luxury car segment, the cheapest model to insure is the Mercedes-Benz A220, costing $1,500 per year. For midsize luxury sedans, the cheapest car insurance rates are on the Acura ILX, costing $1,404 per year. An finally, the cheapest large luxury car to insure is the Audi A5, costing $1,790 per year.

        What does luxury car insurance cost per month?

        For small luxury cars like the BMW i3 or the Acura TLX, the average monthly car insurance rate is $144 for full coverage. Midsize luxury cars like the Audi A3 or Lexus ES 350 have an average monthly auto insurance cost of $168. Large luxury cars like the Infiniti Q60 or BMW 740i have an average monthly car insurance cost of $201.