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Think your car insurance is expensive? Well unless you’re already driving a car in the group 50 car insurance bracket, things could be worse….
Cars are allocated to one of 50 car insurance groups according to their value, power and performance. From the 1.0litre Volkswagen Up! in group one to the 5-litre Jaguar XJ Saloon in group 50, and everything in between, car insurance generally gets more expensive as you go up through the groups.
Of course, there are many other factors which determine how expensive your car insurance is. For example, at the tender age of 21 I paid more to insure my first car than the driver in our examples below would pay to insure a 2013 BMW M5.
So, based on a 35-year-old man from Manchester with five years’ no claims discount driving a group 50 vehicle, here’s a look at the 10 of the most expensive cars to insure…
10. 2013 BMW M5 M 4.4litre
Cost to insure: £830.72
This double-clutched, twin-turbo monster is capable of doing 0-60mph in 4.2 seconds, so it’s understandable that insurance companies get a little bit edgy when it comes to providing cover for one.
Illustrating my earlier point, however, I paid more than this to insure my first car at the age of 17 – a 1.4 Ford Ka!
9. 2013 Jaguar F-Type 5.0litre
Cost to insure: £843.53
With 335bhp at its disposal, this aluminium rocket will get you from 0-60mph in 5.1 seconds. It’s a bit of a gas guzzler with a fuel economy of 31 miles per gallon, but it’ll certainly turn heads.
With prices starting from £58,000, the sub-1k insurance premiums aren’t likely to put off potential buyers.
8. 2013 Cadillac Escalade Sport Luxury 6.2litre
Cost to insure: £902.24
The Escalade’s 6.2litre behemoth of an engine puts out 403bhp, making it as powerful as it is road-hogging.
Starting at around £41,000, this ‘luxury utility vehicle’ isn’t short on features, and its luxury interior even has a third row of seating.
7. 2013 Nissan GT-R 3.8litre
Cost to insure: £995
The new Nissan GT-R has a white-knuckle-inducing 542bhp, and will get you from 0-60mph in just under three seconds (2.7 seconds).
That said, using our example of a 35-year-old male driver from Manchester with five years’ no claims discount, car insurance still comes in at less than £1,000.
6. 2013 Jaguar XKR-S 5.0litre
Cost to insure: £1,421.41
Apparently this is Jaguar’s “most responsive, powerful, agile, and driver-focused production car”. With a 5.0litre engine under the bonnet it has plenty of oomph, taking you from 0-60mph in 4.2 seconds.
One of these will leave a £97,000-shaped hole in your account, so it’s understandable that an insurer will want to protect its investment with premiums as high as £1,421.41, based on our example.
5. 2013 Ferrari F430 Spider 4.3litre
Cost to insure: £1,535.94
The Ferrari name is synonymous with speed and wealth, so it’s no surprise the Ferrari F430 Spider is fast and expensive.
It goes from 0-60 in around 3.6 seconds thanks to its 490bhp engine, and you’ll have to fork out £133,000 to get one in your garage.
4. 2013 Aston Martin DB9 5.9litre
Cost to insure: £1,629.22
When it’s James Bond’s vehicle of choice, you know it’s going to be powerful and pricey. MI5 probably covers Bond’s car insurance, but our sample driver would pay more than £1,600 for cover on this beauty.
The DB9 (which costs around £141,000) comes with 470bhp thanks to its V12 engine. If you can afford to fuel it (£31 per 100 miles, according to WhatCar) then you probably won’t be phased by the high insurance premiums.
3. 2013 Bentley Mulsanne 6.8litre
Cost to insure: £1,692.82
Bentley is about as prestige a car brand as there is, and the Mulsanne is both refined and powerful.
According to its manufacturer, the car’s 6.75litre V8 engine will “waft the Mulsanne in near silence through city streets and catapult the Bentley from rest to 60 miles an hour in just 5.1 seconds.”
According to insurers, this kind of performance and prestige is going to cost you. The cheapest quote we found based on our example was £1,692. 82. These go for around $325,000 in the States (around £213,000) and that’s the base version – it doesn’t even include the chilled champagne bottle holder!
2. 2013 Rolls Royce Ghost 6.6litre
Cost to insure: £2,027.78
The Rolls Royce is the, well, Rolls Royce of automobile brands – so it’s no surprise it takes the two top spots in our list.
The Ghost has a gargantuan 6.6litre engine capable of propelling it from 0-60mph in 4.7 seconds. Prices start at just above £200,000 – which means the cost of insuring one using our example is only around 1% of its value.
1. 2013 Rolls Royce Phantom 6.7litre
Cost to insure: £3,927.27
Continuing the spectral theme, the series II Phantom from Rolls Royce has a 6.75litre V12 engine which will do 0-60mph in 5.7 seconds.
It sells for between $398,000 and $470,000 across the pond (that’s between £261,000 and £308,000). With car insurance nearing £4,000, based on our example, the Phantom takes top spot for some of the world’s most expensive cars to insure.