Luxury Car Insurance Cost for 2023

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 $30,800 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 19 models compare in our insurance cost rankings.

What is the cheapest compact luxury car to insure?

The cheapest 2023 model year small luxury car to insure is the Acura Integra, costing $1,624 annually. For a semi-annual or 6-month policy term, drivers can expect to pay around $812. To work this cost into a monthly budget, figure around $135 each month for full coverage.

Second and third place honors for the cheapest luxury car insurance rates go to the BMW 330i, costing $1,838 per year, and the Acura TLX at $1,868 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
1Acura Integra$1,624$135
2BMW 330i$1,838$153
3Acura TLX$1,868$156
4Cadillac CT4$1,890$158
5Genesis G70$1,928$161
6BMW 330e$1,960$163
7BMW 228i$1,970$164
8BMW 230i$1,984$165
9Mercedes-Benz C300$1,998$167
10Audi A4$2,006$167
11Lexus RC 350$2,010$168
12Audi S3$2,020$168
13Volvo S60$2,024$169
14Alfa Romeo Giulia$2,044$170
15BMW M235i$2,050$171
16Lexus IS 350$2,084$174
17Audi RS 3$2,162$180
18BMW M240i$2,208$184
19BMW M340i$2,212$184

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average rates are based on 2023 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 August 12, 2023
    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 $2,212 per year for auto insurance. That is $588 more each year compared to the cheapest small luxury car to insure, the Acura Integra.

    The average rate for the entire 2023 small luxury car class is $1,994 per year, which is $266 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 Cadillac CT5, costing an estimated $1,948 per year. This breaks down to $974 for a 6-month policy or $162 per month. With the average midsize luxury car costing $2,302 per year for insurance, the Cadillac CT5 ranks well at $354 less per year.

    The other models ranked in the top five midsize luxury cars with the cheapest insurance cost include the Lexus ES 350 at $1,952 per year, the Lexus ES 250 at $1,966, the Lexus RC 300 at $1,970, and the Mercedes-Benz AMG CLA35 at $1,974.

    Midsize Luxury Car Insurance Cost Comparison
    Rank Make/Model Annual Cost Monthly Cost
    1Cadillac CT5$1,948$162
    2Lexus ES 350$1,952$163
    3Lexus ES 250$1,966$164
    4Lexus RC 300$1,970$164
    5Mercedes-Benz AMG CLA35$1,974$165
    6Audi A3$1,980$165
    7Mercedes-Benz AMG CLA45$2,018$168
    8Mercedes-Benz CLA250$2,032$169
    9Lexus IS 300$2,040$170
    10Jaguar XF$2,042$170
    11Audi S4$2,084$174
    12BMW i4$2,096$175
    13Mercedes-Benz E350$2,110$176
    14Lexus ES 300h$2,138$178
    15BMW 530i$2,180$182
    16Audi A6$2,222$185
    17Audi S5$2,226$186
    18BMW 540i$2,230$186
    19BMW 430i$2,266$189
    20Lexus IS 500$2,272$189
    21Mercedes-Benz E450$2,292$191
    22Genesis G80$2,298$192
    23Mercedes-Benz CLS450$2,358$197
    24Mercedes-Benz EQE 350$2,374$198
    25Audi RS 5$2,380$198
    26BMW 530e$2,396$200
    27Audi S6$2,416$201
    28Mercedes-Benz AMG C43$2,420$202
    29BMW M440i$2,424$202
    30Mercedes-Benz EQE 500$2,428$202
    31Audi A7$2,522$210
    32Infiniti Q50$2,526$211
    33Lexus LC 500h$2,710$226
    34BMW M550i$2,714$226
    35Tesla Model S$2,778$232
    36Audi S7$2,796$233
    37BMW M5$2,876$240
    38BMW M8$3,034$253

      Get Rates in Your AreaWhy is this important?

      Table Data Details: Average rates are based on 2023 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 August 12, 2023
      Midsize Luxury Car Insurance Cost Comparison

      Coming in last out of the 38 vehicles in the 2023 midsize luxury car segment is the BMW M8, costing an average of $3,034 annually to insure.

      The difference between the cheapest insurance on the Cadillac CT5 and the most expensive for the BMW M8 is $1,086 per year, or around $91 per month. When compared to the national average auto insurance rate of $1,728, the average midsize luxury car costs $574 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 2023 Audi A5, costing an average of $2,030 per year. The large luxury car segment as a whole averages $2,797 per year, so expect to pay around $767 less on average to insure the Audi A5.

      In second place, the Volvo S90 costs $2,290 per year, and third place goes to the Lexus LS 500 at $2,366 annually. The full list of all 26 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$2,030$169
      2Volvo S90$2,290$191
      3Lexus LS 500$2,366$197
      4Mercedes-Benz AMG E53$2,378$198
      5Genesis G90$2,394$200
      6BMW i7$2,410$201
      7Mercedes-Benz AMG GT43$2,432$203
      8Lexus LS 500h$2,512$209
      9BMW 840i$2,582$215
      10Mercedes-Benz EQS 450$2,640$220
      11Infiniti Q60$2,654$221
      12Mercedes-Benz S500$2,666$222
      13Audi RS 7$2,726$227
      14Mercedes-Benz EQS 580$2,736$228
      15BMW 740i$2,872$239
      16BMW M850i$2,908$242
      17Mercedes-Benz AMG EQS$2,928$244
      18Audi A8$2,964$247
      19Audi S8$2,982$249
      20Porsche Panamera$3,022$252
      21BMW 760i$3,056$255
      22Mercedes-Benz S580$3,126$261
      23BMW Alpina B8$3,320$277
      24BMW M760i$3,426$286
      25Mercedes-Benz Maybach S580$3,530$294
      26Mercedes-Benz Maybach S680$3,764$314

        Get Rates in Your AreaWhy is this important?

        Table Data Details: Average rates are based on 2023 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 August 11, 2023
        Large Luxury Car Insurance Cost Comparison

        The most expensive large luxury car to insure from the 2023 class is the Mercedes-Benz Maybach S680, costing $3,764 per year. It will cost around $1,734 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 2023 is $1,994 per year. Midsize luxury cars have an average insurance cost of $2,302 per year. And finally, large luxury cars have an average insurance cost of $2,797 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 $1,624 per year. For midsize luxury sedans, the cheapest car insurance rates are on the Cadillac CT5, costing $1,948 per year. An finally, the cheapest large luxury car to insure is the Audi A5, costing $2,030 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 $166 for full coverage. Midsize luxury cars like the Audi A3 or Lexus ES 350 have an average monthly auto insurance cost of $192. Large luxury cars like the Infiniti Q60 or BMW 740i have an average monthly car insurance cost of $233.