We found that full-coverage car insurance is the most expensive for high-end luxury or sports cars. According to our data, the Dodge Charger is the most expensive car to insure, costing an average of $354 per month or $4,242 per year for full-coverage car insurance. Full coverage generally includes liability insurance, collision and comprehensive coverage and either MedPay or personal injury protection (PIP insurance).
People in these groups usually pay the highest car insurance rates:
Drivers in their teens and early 20s
Drivers who have poor credit
Drivers with multiple speeding tickets, accidents or DUIs on their records
Car insurance companies consider drivers with these profiles more likely to get into accidents, file claims or not pay their premiums on time. To offset this financial risk, insurers charge these motorists higher rates.
Yes, BMW vehicles are among the most expensive cars to insure. Full-coverage insurance for a BMW costs an average of $195 per month or $2,337 per year. That makes it the third most expensive brand to insure, according to our research.**
Yes, luxury cars are more expensive to insure because they are worth more than standard cars and cost a lot more to repair. You can expect to pay a much higher average annual premium if you have a luxury vehicle.
On average, Michigan and Florida are the most expensive states for both liability and full coverage. Our research on average rates found that Dodge tends to be the automaker with the most expensive coverage and that the Dodge Charger has the most expensive car insurance of any model.
Car insurance costs have been on the rise, leaving drivers searching for ways to save on car ownership costs. In fact, according to a report from Bankrate, the average annual premium of full coverage auto insurance rose to $2,543 in 2024 — up 26% from the previous year.
In most cases, third party insurance will incur a lower premium than third party fire and theft cover, while comprehensive insurance is generally the most expensive form of cover. Many insurers also offer optional extra forms of cover that increase the cost of your premium.
Allstate is so expensive because car insurance is expensive in general, due to rising costs for insurers. Allstate's premiums may also reflect how competitively Allstate agents are paid, but at $781 per year, the average Allstate car insurance policy is actually cheaper than coverage from most competitors.
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