The well-worn cliché goes like this: “Fast, cheap, and reliable: Pick two.” As it turns out, the conventional wisdom extends to auto insurance, as a recent report by Insure.com revealed 10 cars that insurance companies love to cover — and 10 they hate.
The independent insurance website analyzed data from six insurance companies covering 2,800 models and found the Honda Odyssey is the cheapest car to insure in the U.S., with owners paying an average premium of $1,112 a year. In contrast, all 10 of the most expensive cars to insure are very fast, and they all cost more than twice as much to insure as the Odyssey. While impressive power is a big reason for these astronomical premiums, technology, the use of specialty materials, and the price of replacement parts also play a huge role.
So cars that are fast, expensive, and made of exotic materials are expensive to insure. This shouldn’t come as a surprise to most, but some of the cars on the list (and some that didn’t make it) might surprise you. These are the 10 most expensive cars to insure in America.
10. Audi R8 5.2-liter V10 Quattro
- Average cost to insure: $3,267
You might not know it by its name, but the 5.2-liter V10 in Audi’s venerable supercar began life in the Lamborghini Gallardo. That engine has been carried over for the refreshed 2017 model and can still hold its own against the world’s best. Owning Audi’s best comes at a price though, as owners spend an average of $3,267 a year on insurance.
9. Nissan GT-R Nismo
- Average cost to insure: $3,313
The Nissan GT-R has been one of the most dominant supercars since its introduction in 2007. Thankfully, age hasn’t mellowed it at all. In 2015, Nissan raised the stakes by releasing the Nismo edition GT-R, which pairs the 3.8-liter twin-turbo V6 with a special track-focused suspension to help its 600 horsepower get to all four wheels. Exclusive 20-inch wheels and carbon fiber accents add nearly $50,000 to the GT-R’s already hefty base price. All those go-fast parts make a difference to the insurance companies, too. Expect to pay an average $3,313 a year if you’re interested in buying one of Nissan’s recently refreshed supercars.
8. Mercedes-Benz SL65 AMG convertible
- Average cost to insure: $3,322
Tracing its roots back to the iconic SL cars of the 1950s, the modern-day SL-Class Mercedes is a luxurious and capable grand tourer — at least until AMG gets a hold of it. On top of suspension and aerodynamic upgrades, the SL65 has a 621-horsepower twin-turbocharged V12 crammed under the hood, taking the car from zero to 60 in 3.7 seconds. Even though its top speed is electronically limited to 186 miles per hour, it’s more than enough to make the SL65 one of the most expensive cars to insure in the United States. At $3,322, this Mercedes costs an arm and a leg to keep on the road.
7. Mercedes Maybach S600
- Average cost to insure: $3,355
Mercedes’ flagship sedan is an ultra exclusive, long wheelbase executive car that starts at $168,800 and increases according to how customers option their cars. Inside, the accommodations are more personal jet than car, and its 463-horsepower twin-turbo V8 still rockets the 2.5 ton car from zero to 60 in 5 seconds flat. With every bell and whistle Mercedes has to offer in one car, it’s no surprise the Maybach makes the list. Owners can expect to pay an average $3,355 per year to keep it insured.
6. Mercedes-AMG C43 4Matic convertible
- Average cost to insure: $3,418
Starting at $61,325, the C43 convertible isn’t cheap, but it’s one of the most affordable ways to get into a new red hot AMG model. And with 362 horsepower and 384 pound-feet of torque coming from a twin-turbo V8, it’s no slouch. The C43 is a car that’s easy to get into trouble with, and apparently no one knows that better than insurance companies. The C43 costs an average $3,418 a year to cover.
5. Mercedes S550 convertible
- Average cost to insure: $3,502
The S550 convertible is a member of the S-Class family, but its beautiful bodywork has little in common with the stately sedans. A luxury drop top, the S550 features virtually every safety and tech feature Mercedes has to offer. Its twin-turbo V8s and available V12 are no slouches either. In “base” S550 trim, the massive convertible can go from zero to 60 in just 4.9 seconds. That combination of speed, luxury, and its relatively recent debut (it’s a new model for 2017) makes the S550 a handful to insure. If you’re thinking about buying one, expect to pay around $3,502 a year for insurance.
4. Maserati Quattroporte GTS
- Average cost to insure: $3,547
For the past 55 years, the Maserati Quattroporte has been one of the most striking sedans in the world. Even if its name is laughably bland — it literally means “four doors” in Italian — and its styling has been hit or miss over the years, its sumptuous interior and glorious V8 engine has always made it an irrational favorite among the well-heeled. But Maseratis are notorious for reliability problems. Mechanical failures and a lot of speed (the current car is available with a 523-horsepower V8) make them a headache to cover. Owners spend an average $3,547 a year insuring their Quattroportes.
3. Mercedes-AMG S63 4Matic convertible
- Average cost to insure: $3,624
Take all the reasons why the aforementioned S550 was expensive to insure, and add to it the romper-stomper style of driving that the S63 convertible invites. In the hands of AMG, the S-Class convertible becomes a 577-horsepower, 2.5 ton rocket that can scramble from zero to 60 in 3.7 seconds. Is it any surprise that the S63’s combination of high-end luxury and world-class speed makes it expensive to insure? Buyers can expect to pay an average $3,624 a year for the privilege.
2. Dodge Viper GTS
- Average cost to insure: $3,779
After 25 years as America’s most outrageous car the Viper is gone after 2017, and it doesn’t look like it’s coming back. For its final year, the Viper was powered by a 645-horsepower V-10, tucked away under its long, sinuous, largely hand-formed hood. The car’s tendency to oversteer, as well as its number of expensive parts and dwindling parts supply, makes taking care of a damaged Viper a handful for insurance companies. Owners pay an average $3,779 a year on insurance.
1. Mercedes-AMG S65 convertible
- Average cost to insure: $3,835
When it comes to expensive-to-insure cars, Mercedes is king. And the S65 has all the red flags that have already been highlighted by its stablemates on the list. Convertible? Check. Tuned by AMG? Check. Ridiculously expensive and brutally fast? Thanks to its $255,000-and-up price tag and 621-horsepower twin-turbo V12 engine, check. Owning the fastest and most exclusive convertible Mercedes makes doesn’t come cheap. As for insurance, that’s at least another $3,835 a year on average.
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