The Top 5 Most Expensive Cars to Insure Worldwide

To not say the UAE and “super cars” in a single sentence almost feels like a crime. One of the most prized possessions (without stereotyping) of the Emiratis is deemed to be their super-luxurious and extravagant cars. And the numbers say it all. Revenue in the Luxury Cars market segment in the UAE is projected to reach US$458.20m in 2023. 

While it all sounds super-racy, the idea only skids and screeches when it comes to insuring luxury wheels. Why? The top reason would be their expensive parts!

So, if you are a proud owner of a luxury car or are planning to pit stop one, this one’s a must read. We shall discuss the hows, wheres, and whats of the most-expensive cars’ insurance here.

How Much Does it Cost to Insure Those Snazzy Wheels  

Vehicle Average Annual Premium (For comprehensive insurance)
Maserati Quattroporte AED 7,000 - AED 13,000
Audi R8 AED 9,000 - AED 13,000
BMW i8 AED 13,000 - AED 19,000
Mercedes-AMG GT AED 9,000 - AED 14,000
Nissan GT-R AED 9,000 - AED 12,000

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Driving into the Depth

1. Maserati Quattroporte

The Maserati Quattroporte is a luxury sedan that is priced between AED 470,000 and AED 480,500 depending upon the variant. Purchasing this beauty is sure to burn a large pocket hole and its approximate cost of insurance, which is around AED 13,000 per annum, will only make it bigger. The cheapest insurance available for this model is of AED 572 that covers third-party liability only, making it one of the most expensive vehicles to insure in 2023.

2. Audi R8

Audi R8 is born on the track and built for the road. Priced between AED 405,000 - 595,000, the approximate cost of insurance of these hot wheels is around AED 13,000 per annum. Comparing some of the top insurance providers in the UAE, the most affordable insurance for Audi R8 is around AED 1,034 for third-party liability only.

3. BMW i8

Making it to the third on our list is a hybrid vehicle, BMW i8, every grandeur-lover’s dream. This series costs around AED 855,000 in the UAE with average insurance quotes around AED 19,000 per annum. The cheapest insurance premium for a year is approximately AED 603 for third-party insurance only.

4. Mercedes-AMG GT

Mercedes-AMG GT is an extravagant coupe priced between AED 545,000 - 730,000, depending on the model. Its average insurance costs from top insurers in the UAE is AED 14,000 with the lowest premium of around AED 877 for third-party liability only.

5. Nissan GT-R

This legendary supercar steals the show wherever it goes. Priced at around AED 479,000, the average insurance cost for Nissan GT-R in the UAE is AED 12,000. However, if you are only looking to cover third-party liabilities, your premium will be around AED 499 only.

Comprehensive VS Third-Party Insurance

Comprehensive plans generally include:

  • Damages incurred to you in an accident (vehicles + personal)
  • Damages incurred to a third party (vehicles + personal + property)
  • Natural Calamities like floods, tornados, landslides, earthquakes, etc.
  • Man-made disasters like riots, strikes, terrorism, fire, vandalism, etc.
  • Theft of the car.
  • Third-party claims or liability – includes the lawsuits and legal fees.
  • Mechanical expenses to upkeep the wear and tear of the vehicles.
  • Engine protector cover.
  • Roadside assistance for jump starts, tire changes, etc. in case of roadside emergencies.
  • Extended Accident Cover that will include passengers, and paid drivers as well.
  • Tire protection cover.
  • Consumable cover.
  • No Claim Bonus Protection cover.

Third-Party plans generally cover:

  • Damages incurred by third-party vehicle
  • Medical bills of injuries sustained by the third-party driver
  • Legal claims made by the third party

Where to Buy Insurance For These Super Beasts?

Buying insurance for a regular car is easy, but super cars require special attention. Which is why, it is important for you to select the right insurer and compare different plans before getting one for your precious. 

Policybazaar.ae is one of the most prestigious and globally recognized brands to compare and buy different policies from. As a third-party aggregator, Policybazaar.ae ensures a smooth facilitation of the process of buying insurance right from the point of comparing different plans from top insurers, to post-sales assistance and helping with the claim settlement.

Other top benefits of buying your car insurance from Policybazaar.ae include:

  • Compare & buy from over 50+ top insurance providers
  • Lowest Prices Guarantee
  • Confused? Opt for Free Expert Advice
  • 24x7 Quick Claim Assistance
  • Exclusive Offers with Every Purchase
  • Recognised as the Best Brand of UAE

So, what are you waiting for? Get yours now!

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