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 $1,584 annually. For a semi-annual or 6-month policy term, drivers can expect to pay around $792. To work this cost into a monthly budget, figure around $132 each month for full coverage.
Second and third place honors for the cheapest luxury car insurance rates go to the BMW 330i, costing $1,792 per year, and the Acura TLX at $1,822 annually.
The table below ranks the segment from number one to 19 for insurance affordability.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Acura Integra | $1,584 | $132 |
| 2 | BMW 330i | $1,792 | $149 |
| 3 | Acura TLX | $1,822 | $152 |
| 4 | Cadillac CT4 | $1,842 | $154 |
| 5 | Genesis G70 | $1,880 | $157 |
| 6 | BMW 330e | $1,910 | $159 |
| 7 | BMW 228i | $1,920 | $160 |
| 8 | BMW 230i | $1,932 | $161 |
| 9 | Mercedes-Benz C300 | $1,948 | $162 |
| 10 | Audi A4 | $1,954 | $163 |
| 11 | Lexus RC 350 | $1,956 | $163 |
| 12 | Audi S3 | $1,968 | $164 |
| 13 | Volvo S60 | $1,970 | $164 |
| 14 | Alfa Romeo Giulia | $1,992 | $166 |
| 15 | BMW M235i | $1,996 | $166 |
| 16 | Lexus IS 350 | $2,028 | $169 |
| 17 | Audi RS 3 | $2,106 | $176 |
| 18 | BMW M240i | $2,146 | $179 |
| 19 | BMW M340i | $2,156 | $180 |
Ranked last out of the 19 vehicles in the small luxury car class is the BMW M340i, costing an estimated $2,156 per year for auto insurance. That is $572 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 $1,942 per year, which is $257 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 $1,898 per year. This breaks down to $949 for a 6-month policy or $158 per month. With the average midsize luxury car costing $2,242 per year for insurance, the Cadillac CT5 ranks well at $344 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 $1,902 per year, the Lexus ES 250 at $1,914, the Lexus RC 300 at $1,920, and the Mercedes-Benz AMG CLA35 at $1,924.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Cadillac CT5 | $1,898 | $158 |
| 2 | Lexus ES 350 | $1,902 | $159 |
| 3 | Lexus ES 250 | $1,914 | $160 |
| 4 | Lexus RC 300 | $1,920 | $160 |
| 5 | Mercedes-Benz AMG CLA35 | $1,924 | $160 |
| 6 | Audi A3 | $1,928 | $161 |
| 7 | Mercedes-Benz AMG CLA45 | $1,968 | $164 |
| 8 | Mercedes-Benz CLA250 | $1,978 | $165 |
| 9 | Lexus IS 300 | $1,986 | $166 |
| 10 | Jaguar XF | $1,988 | $166 |
| 11 | Audi S4 | $2,030 | $169 |
| 12 | BMW i4 | $2,040 | $170 |
| 13 | Mercedes-Benz E350 | $2,054 | $171 |
| 14 | Lexus ES 300h | $2,082 | $174 |
| 15 | BMW 530i | $2,122 | $177 |
| 16 | Audi A6 | $2,164 | $180 |
| 17 | Audi S5 | $2,166 | $181 |
| 18 | BMW 540i | $2,170 | $181 |
| 19 | BMW 430i | $2,206 | $184 |
| 20 | Lexus IS 500 | $2,212 | $184 |
| 21 | Mercedes-Benz E450 | $2,232 | $186 |
| 22 | Genesis G80 | $2,238 | $187 |
| 23 | Mercedes-Benz CLS450 | $2,296 | $191 |
| 24 | Mercedes-Benz EQE 350 | $2,312 | $193 |
| 25 | Audi RS 5 | $2,318 | $193 |
| 26 | BMW 530e | $2,330 | $194 |
| 27 | Audi S6 | $2,354 | $196 |
| 28 | Mercedes-Benz AMG C43 | $2,358 | $197 |
| 29 | BMW M440i | $2,362 | $197 |
| 30 | Mercedes-Benz EQE 500 | $2,364 | $197 |
| 31 | Audi A7 | $2,456 | $205 |
| 32 | Infiniti Q50 | $2,458 | $205 |
| 33 | Lexus LC 500h | $2,640 | $220 |
| 34 | BMW M550i | $2,644 | $220 |
| 35 | Tesla Model S | $2,704 | $225 |
| 36 | Audi S7 | $2,720 | $227 |
| 37 | BMW M5 | $2,800 | $233 |
| 38 | BMW M8 | $2,954 | $246 |
Coming in last out of the 38 vehicles in the 2023 midsize luxury car segment is the BMW M8, costing an average of $2,954 annually to insure.
The difference between the cheapest insurance on the Cadillac CT5 and the most expensive for the BMW M8 is $1,056 per year, or around $88 per month. When compared to the national average auto insurance rate of $1,685, the average midsize luxury car costs $557 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 $1,980 per year. The large luxury car segment as a whole averages $2,724 per year, so expect to pay around $744 less on average to insure the Audi A5.
In second place, the Volvo S90 costs $2,230 per year, and third place goes to the Lexus LS 500 at $2,304 annually. The full list of all 26 large luxury cars is ranked by car insurance cost from cheapest to most expensive below.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Audi A5 | $1,980 | $165 |
| 2 | Volvo S90 | $2,230 | $186 |
| 3 | Lexus LS 500 | $2,304 | $192 |
| 4 | Mercedes-Benz AMG E53 | $2,318 | $193 |
| 5 | Genesis G90 | $2,330 | $194 |
| 6 | BMW i7 | $2,346 | $196 |
| 7 | Mercedes-Benz AMG GT43 | $2,368 | $197 |
| 8 | Lexus LS 500h | $2,446 | $204 |
| 9 | BMW 840i | $2,514 | $210 |
| 10 | Mercedes-Benz EQS 450 | $2,570 | $214 |
| 11 | Infiniti Q60 | $2,584 | $215 |
| 12 | Mercedes-Benz S500 | $2,598 | $217 |
| 13 | Audi RS 7 | $2,654 | $221 |
| 14 | Mercedes-Benz EQS 580 | $2,666 | $222 |
| 15 | BMW 740i | $2,796 | $233 |
| 16 | BMW M850i | $2,832 | $236 |
| 17 | Mercedes-Benz AMG EQS | $2,852 | $238 |
| 18 | Audi A8 | $2,886 | $241 |
| 19 | Audi S8 | $2,902 | $242 |
| 20 | Porsche Panamera | $2,946 | $246 |
| 21 | BMW 760i | $2,978 | $248 |
| 22 | Mercedes-Benz S580 | $3,046 | $254 |
| 23 | BMW Alpina B8 | $3,234 | $270 |
| 24 | BMW M760i | $3,336 | $278 |
| 25 | Mercedes-Benz Maybach S580 | $3,436 | $286 |
| 26 | Mercedes-Benz Maybach S680 | $3,666 | $306 |
The most expensive large luxury car to insure from the 2023 class is the Mercedes-Benz Maybach S680, costing $3,666 per year. It will cost around $1,686 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 $1,942 per year. Midsize luxury cars have an average insurance cost of $2,242 per year. And finally, large luxury cars have an average insurance cost of $2,724 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 $1,584 per year. For midsize luxury sedans, the cheapest car insurance rates are on the Cadillac CT5, costing $1,898 per year. An finally, the cheapest large luxury car to insure is the Audi A5, costing $1,980 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 $162 for full coverage. Midsize luxury cars like the Audi A3 or Lexus ES 350 have an average monthly auto insurance cost of $187. Large luxury cars like the Infiniti Q60 or BMW 740i have an average monthly car insurance cost of $227.
