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Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

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Old 06-14-2012, 10:58 AM   #1
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Exotic Cars & Their Insurance - The Most Expensive Rides of 2012

-estimates of insurance premiums from a Canadian insurance company for some exotics. The insurance amounts are enough to buy a car.

Exotic Cars & Their Insurance - The Most Expensive Rides of 2012

2012 Koenigsegg Agera R
Price: $1.7 million

Estimated Annual Auto Insurance Cost: $30,876

Pagani Huayra
Price: $1.3 million

Estimated Annual Auto Insurance Cost: $23,611

Aston Martin One-77
Price: $1.4 million

Estimated Annual Auto Insurance Cost: $23,828

Zenvo ST1
Price: $1.8 million

Estimated Annual Auto Insurance Cost: $42,240

Bugatti Veyron Supersport
Price: $2.6 million

Estimated Annual Auto Insurance Cost: $50,855
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Last edited by pastarocket; 06-14-2012 at 11:55 AM.
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Old 06-14-2012, 11:14 AM   #2
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It's cheaper just to get the day permits everyday
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Old 06-14-2012, 11:26 AM   #3
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^ Umm but if you can afford a 1.3 - 2.6 million dollar car 30-50k is chump change.. I doubt the owners would go through the hassle of going to insurance to buy permits constantly.
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Old 06-14-2012, 04:10 PM   #4
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Also, ICBC doesn't actually cover comprehensive insurance for exotics. These cost estimates are all from private insurance companies. IIRC, ICBC's insurances maxes out around $8000.
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Old 06-14-2012, 04:26 PM   #5
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Aston Martin One-76
Price: $1.4 million

Estimated Annual Auto Insurance Cost: $23,828


but in all seriousness... that's insane. Even though it's probably chump change to those who can afford the cars.
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Old 06-14-2012, 09:40 PM   #6
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iuno, i dont' think that's that expensive all in all.
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Old 06-14-2012, 09:46 PM   #7
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iuno, i dont' think that's that expensive all in all.
The cost of insurance for some people is worth more than their cars.

$1 million car, $20,000 insurance per year is only 2%.

An average car is about $40,000, people on average probably pays $2,000 for insurance, which is 5%.

Relatively speaking... deal?
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Old 06-14-2012, 09:47 PM   #8
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^ Umm but if you can afford a 1.3 - 2.6 million dollar car 30-50k is chump change.. I doubt the owners would go through the hassle of going to insurance to buy permits constantly.
+1..

If you can blow over a MILLION on a car, insurance shouldn't be an issue at all..
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Old 06-14-2012, 09:51 PM   #9
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Actually what I originally expected (sort of)
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Old 06-14-2012, 09:51 PM   #10
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I thought I remember reading that it costs about $20,000 a year to insure a Ferrari/lambo for a new driver through ICBC. Think I read that when all those supercars got tagged for street racing.
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Old 06-15-2012, 05:51 AM   #11
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Quote:
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I thought I remember reading that it costs about $20,000 a year to insure a Ferrari/lambo for a new driver through ICBC. Think I read that when all those supercars got tagged for street racing.
Not sure about New Drivers, but a family friend had a Gallardo, and I think I remember him saying it was around $7000 a year.

I guess it depends on your coverage, discount, and so on.. Also a lot of people only insure the cars for a few months out of the year..
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Old 06-15-2012, 08:35 AM   #12
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% wise relative to the car value, pretty reasonable.
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Old 06-15-2012, 10:45 AM   #13
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No surprise here. Don't forget the cost of gas too, those things chug premium like there's no tomorrow.
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Old 06-15-2012, 06:15 PM   #14
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If you can afford a supercar, you can afford the insurance.
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Old 06-15-2012, 06:33 PM   #15
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No surprise here. Don't forget the cost of gas too, those things chug premium like there's no tomorrow.
You must be talking about my car.
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Old 06-15-2012, 09:30 PM   #16
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im guessing u should have more than 2-3mill before buying a luxury car
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Old 06-17-2012, 01:01 AM   #17
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Yeah, I'll stick to paying $153 a month, thanks
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Old 06-17-2012, 01:23 PM   #18
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Keep in mind comparing ICBC to the rest of the country and the USA dosen't work. Since our insurance is subsidised and set at a limit to keep things "fair."
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Old 06-17-2012, 10:40 PM   #19
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R8 GT spyder that was sold at audi of richmond was estimated at $20k for the customer that bought it.
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