How Much Does Lamborghini Insurance Cost?
The cost of car insurance for a Lamborghini is between $5,424 and $7,949 per year, depending on the model.
Find Cheap Lamborghini Auto Insurance Quotes
Lamborghinis are expensive to buy and also to insure. The average cost of auto insurance for a 2018 Aventador S Coupe is $7,949 per year. That's over three times the cost to insure a 2018 Honda Civic EX.
Depending on your Lamborghini's model and year, you may need to buy specialized insurance designed for collector vehicles. Standard auto insurance policies often don't cover high-end cars. The good news is that collector auto insurance policies for a Lamborghini typically cost 44% less than standard auto insurance policies.
The average cost of Lamborghini insurance
Across popular Lamborghini models, auto insurance costs ranged from $5,424 to $7,949 per year and were closely related to vehicle value: The more expensive the model, the higher the rate. The most expensive Lamborghini to insure — the 2018 Aventador S Coupe — cost 47% more to cover than the model with the lowest insurance rate, the 2014 Gallardo LP 560-4 Coupe.
Find Cheap Lamborghini Auto Insurance Quotes
The cost to insure a Lamborghini can be two to three times more expensive than for a standard car.
For example, if you compare car insurance for a Lamborghini versus a Honda Civic, the sedan is much cheaper. The annual cost of auto insurance for a 2018 Honda Civic EX was $2,406, which was over $5,500 less than for the top Lamborghini model.
Average cost of Lamborghini insurance by model
Model | Model year | MSRP/Kelley Blue Book value | Monthly insurance cost | Annual insurance cost |
|---|---|---|---|---|
| Aventador | 2018 | $417,650 | $662 | $7,949 |
| Huracan | 2018 | $199,800 | $555 | $6,665 |
| Murciélago | 2010* | $120,427 | $452 | $5,427 |
| Gallardo | 2014 | $128,860 | $452 | $5,424 |
*Erie quotes were unavailable for a 2010 Lamborghini Murciélago, so rates are for a 2008 model instead
How to get Lamborghini car insurance
Insuring an exotic car like a Lamborghini can be hard, as some insurance companies don't offer coverage for these vehicles. Although some national companies, such as State Farm and Farmers, provide online quotes for Lamborghini models, most do not.
If you aren't able to find coverage, classic or collector car insurance may be your only option.
Company | Online Lamborghini quotes |
|---|---|
| State Farm | Yes |
| Farmers | Yes |
| Erie | Yes |
| Allstate | Yes |
| Esurance | Yes |
| Geico | No |
| Progressive | No |
| Liberty Mutual | No |
Collector car insurance for a Lamborghini
Collector policies are designed for vehicles like Lamborghinis, which are very expensive and may appreciate in value. The main difference between collector car insurance and standard auto insurance is that collector policies have an agreed value, while standard policies use the actual cash value.
Let's say you have a collector auto insurance policy for a Lamborghini Huracan, with an agreed value of $200,000. Your insurance company will — at most — pay out this amount to repair or replace your car for a comprehensive or collision insurance claim. This prevents any surprises in terms of coverage, which is especially important if you've spent hundreds of thousands of dollars on a Lamborghini.
Collector car insurance for a Lamborghini is, on average, less expensive than standard car insurance.
Collector car insurance quotes from American Standard Insurance, a specialty company, were 44% less expensive than quotes for conventional auto insurance from Erie, State Farm and Farmers.
Why is Lamborghini auto insurance so expensive?
Insurance companies base rates on the chance that the driver would file a claim and how much a claim could cost. High-performance vehicles, such as Lamborghinis, are more likely to crash and more expensive to repair or replace. They pose a much bigger risk, so insurance companies charge high rates for cars like Lamborghinis — or choose not to insure them at all.
Lamborghinis are a big investment for both drivers and insurance companies. But there are several factors, including a clean driving history and low annual mileage, that can keep your insurance rates down.
Insurance for a Lamborghini is especially expensive for people who are more likely to drive irresponsibly. If you are 17 to 19 years old — a demographic that is statistically more likely to get into a wreck — the cost of insurance for a Lamborghini could be 121% higher than the rates for a 40-year-old man. The rate for a 19-year-old man to insure a Lamborghini Aventador is $17,533 per year, which is about $9,600 more expensive than rates for older adults.
How often you drive your Lamborghini will also affect your rates. One of the questions insurance companies typically ask is how much you plan to drive your vehicle in a year. The chances of being in an accident increase the more you drive, so your insurance company will charge higher rates. Exotic cars, such as Lamborghinis, aren't typically used daily, so driving only a few thousand miles per year can greatly reduce auto insurance costs.
Methodology
To find the typical cost of insurance for a Lamborghini, quotes were collected for four recent Lamborghini models: Aventador, Huracan, Murciélago and Gallardo.
Rates were gathered from five major national insurance companies: Allstate, Erie, Esurance, Farmers and State Farm. Quotes were also collected for each model from American Standard Insurance, a specialty company that provides insurance for rare and exotic cars.
All quotes are for a 40-year-old man living in New York City.
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