CarZi

There is much more involved in owning an expensive luxury sports car than just the price. The cost of insurance also plays a big part in how much you pay to own the car. Insurance providers consider such aspects as the cost of repairs, safety rating, risk of theft, safety features, and performance features, in how they set their premiums. So finding the best insurance coverage can be a daunting task for these cars. Below are the top 3 most expensive cars to insure:

1. Bugatti Veyron 16.4 Grand Sport: At a base price of $2,000,000 and only 150 produced, the Bugatti Veyron 16.4 Grand Sport is one of the most expensive and fastest cars in the world. It is an all-wheel-drive convertible that has an 8 Liter turbocharged W-16 Engine that has a power output of 1,001 hp at 6,000 rpm and torque of 922 ft-lbs at 2,200 rpm. It can accelerate from 0 to 62mph (100km/h) in 2.5 seconds. The Grand Sport can reach a maximum speed of 406 km/h with the hardtop, limited to 369 km/h with no roof, and 130 km/h with the soft roof. The more expensive features that one acquires then the more the insurance will cost. The average cost of insurance, depending on the features, is about $2943.78 per month.

2. Mercedes McLaren SLR Roadster: At a base price of $534,485 USD the Mclaren SLR Roadster is the fastest automatic car in the world with a top speed of 332 km/h and can accelerate from 0 to 62 mph (100km/h) in 3.8 seconds. Containing a 5.5 Liter AMG Supercharged V8 engine, it has a power output of 617 hp and 580 ft-lb of torque. The average monthly insurance premium is about $2,715.86.

3. Lamborghini Murcielago LP670-4 SV: At a price $450,000 and limited to 350 this will be the Murcielago’s final stage apperance before it’s phased out for a new model. The LP670-4 SV has a 6.0-litre V12 engine that has a power output of a 661 hp and 490 ft-lbs of torque which produces a 0-62mph (100km/h) time of 3.2 seconds. Lamborghini claims the SV can reach 342km/h with it’s optional smaller spoiler or 337km/h with the standard Aeropack wing. Depending on the features that are included, the price for insuring a new Lamborghini Murcielago can be around $2,863.03 per month.

If you are a sports car enthusiast, you understand the amount of time and money that is invested in these high priced powerful fast cars. The high insurance premiums not only reflects the value of the car, but also the high risk such as theft, damage that may require expensive parts replacement, and how expensive it would be if the car were in a accident. Increasing the car’s performance with a powerful engine and transmission also increases insurance premiums. As well, the acceleration rates and top speeds increase the likelihood of an owner speeding that could result in a car accident or a speeding ticket. The price of the insurance policy takes all of these risks into consideration which makes the insurance expensive. Due to the price and features, insurance companies calculate insurance premiums in a much different way than when insuring regular vehicles.

[Source: Wikipedia.com]