Which car brands are most expensive to insure?


Editorial team Published on

Dodge, Lexus, and Tesla are the most expensive major car brands to insure, with average annual full-coverage costs often exceeding $3,000.

Top Expensive Brands

  • Dodge: Costs about $4,242 per year. High-performance muscle cars and frequent accident claims drive up this price.
  • Lexus: Averages around $3,747 a year. Luxury parts and specialized labor raise repair bills.
  • Tesla: Averages near $3,248 a year. Advanced electric vehicle (EV) technology and expensive battery units increase claim payouts.
  • BMW: Averages about $2,753 a year. Fast engines and luxury parts make repairs costly.
  • Nissan & GMC: Data from CarEdge shows mainstream brands also rank high (Nissan averages $2,740) because of expensive sports or heavy-duty truck models.

Why Insurance Costs More

  • Repair expenses: Rare or imported parts take more money and time to fix.
  • Driver behavior: Sports cars tempt people to drive fast, leading to more crashes.
  • Specialized tech: Electric cars need trained mechanics and costly part replacements after an accident.