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 $1,584 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.

Small Luxury Car Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Acura Integra$1,584$132
2BMW 330i$1,792$149
3Acura TLX$1,822$152
4Cadillac CT4$1,842$154
5Genesis G70$1,880$157
6BMW 330e$1,910$159
7BMW 228i$1,920$160
8BMW 230i$1,932$161
9Mercedes-Benz C300$1,948$162
10Audi A4$1,954$163
11Lexus RC 350$1,956$163
12Audi S3$1,968$164
13Volvo S60$1,970$164
14Alfa Romeo Giulia$1,992$166
15BMW M235i$1,996$166
16Lexus IS 350$2,028$169
17Audi RS 3$2,106$176
18BMW M240i$2,146$179
19BMW M340i$2,156$180

    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 December 30, 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 $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.

    Midsize Luxury Car Insurance Cost Comparison
    Rank Make/Model Annual Cost Monthly Cost
    1Cadillac CT5$1,898$158
    2Lexus ES 350$1,902$159
    3Lexus ES 250$1,914$160
    4Lexus RC 300$1,920$160
    5Mercedes-Benz AMG CLA35$1,924$160
    6Audi A3$1,928$161
    7Mercedes-Benz AMG CLA45$1,968$164
    8Mercedes-Benz CLA250$1,978$165
    9Lexus IS 300$1,986$166
    10Jaguar XF$1,988$166
    11Audi S4$2,030$169
    12BMW i4$2,040$170
    13Mercedes-Benz E350$2,054$171
    14Lexus ES 300h$2,082$174
    15BMW 530i$2,122$177
    16Audi A6$2,164$180
    17Audi S5$2,166$181
    18BMW 540i$2,170$181
    19BMW 430i$2,206$184
    20Lexus IS 500$2,212$184
    21Mercedes-Benz E450$2,232$186
    22Genesis G80$2,238$187
    23Mercedes-Benz CLS450$2,296$191
    24Mercedes-Benz EQE 350$2,312$193
    25Audi RS 5$2,318$193
    26BMW 530e$2,330$194
    27Audi S6$2,354$196
    28Mercedes-Benz AMG C43$2,358$197
    29BMW M440i$2,362$197
    30Mercedes-Benz EQE 500$2,364$197
    31Audi A7$2,456$205
    32Infiniti Q50$2,458$205
    33Lexus LC 500h$2,640$220
    34BMW M550i$2,644$220
    35Tesla Model S$2,704$225
    36Audi S7$2,720$227
    37BMW M5$2,800$233
    38BMW M8$2,954$246

      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 December 30, 2022
      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 $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.

      Large Luxury Car Insurance Cost Comparison
      Rank Make/Model Annual Cost Monthly Cost
      1Audi A5$1,980$165
      2Volvo S90$2,230$186
      3Lexus LS 500$2,304$192
      4Mercedes-Benz AMG E53$2,318$193
      5Genesis G90$2,330$194
      6BMW i7$2,346$196
      7Mercedes-Benz AMG GT43$2,368$197
      8Lexus LS 500h$2,446$204
      9BMW 840i$2,514$210
      10Mercedes-Benz EQS 450$2,570$214
      11Infiniti Q60$2,584$215
      12Mercedes-Benz S500$2,598$217
      13Audi RS 7$2,654$221
      14Mercedes-Benz EQS 580$2,666$222
      15BMW 740i$2,796$233
      16BMW M850i$2,832$236
      17Mercedes-Benz AMG EQS$2,852$238
      18Audi A8$2,886$241
      19Audi S8$2,902$242
      20Porsche Panamera$2,946$246
      21BMW 760i$2,978$248
      22Mercedes-Benz S580$3,046$254
      23BMW Alpina B8$3,234$270
      24BMW M760i$3,336$278
      25Mercedes-Benz Maybach S580$3,436$286
      26Mercedes-Benz Maybach S680$3,666$306

        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 December 30, 2022
        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 $3,666 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.