How Much Does Lamborghini Insurance Cost?

The average cost of Lamborghini insurance

Across popular Lamborghini models, auto insurance costs ranged from $5,424 to $7,949 per year. Insurance rates were closely correlated to vehicle value, as more expensive models had higher costs than cheaper models. The most expensive Lamborghini to insure—the 2018 Aventador S Coupe—cost 47% more for coverage than the model with the lowest insurance costs, which was the 2014 Gallardo LP 560-4 Coupe.

If you compare car insurance for a variety of Lamborghini models to a car like a Honda Civic, the sedan comes out ahead. The annual cost of auto insurance for a 2018 Honda Civic EX was $2,406, which is $5,500 less than the most expensive top Lamborghini model.

How to get Lamborghini car insurance

Insuring an exotic car like a Lamborghini can be difficult, as some insurance companies simply do not offer coverage for these vehicles. Although some national insurers, such as State Farm and Farmers, provide online quotes for various Lamborghini models, most do not.

If you aren't able to find coverage with a major insurance company, a company that specializes in classic or collector car insurance may be your only option.

Collector car insurance for a Lamborghini

Collector car insurance is designed for vehicles like Lamborghinis, which are very expensive and may actually appreciate in value. The main difference between a collector car insurance policy and standard auto insurance is that the former operates on an agreed value, while the latter operates on the actual cash value of the vehicle.

For example, let's say you have a collector auto insurance policy for a Lamborghini Huracan with an agreed value of $200,000. Your insurer will—at most—pay out this amount to repair or replace your vehicle for a claim covered by comprehensive or collision insurance. This prevents any surprises in terms of coverage, which is especially important if you've spent hundreds of thousands of dollars on a Lamborghini.

Why is Lamborghini auto insurance so expensive?

Insurance companies set rates based on the likelihood that the policyholder would file a claim and how much a claim could cost. High-performance vehicles such as Lamborghinis are more expensive to repair and replace as well as more likely to be in an accident than more common cars, so they represent a much bigger risk to an insurer. To accommodate these increased risks, car insurance companies will charge high rates for cars like Lamborghinis or choose not to insure them altogether.

Insurance for a Lamborghini will be especially expensive for drivers 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 male driver to insure a Lamborghini Aventador is $17,533 per year, about $9,600 more expensive than rates for adults.

How frequently you drive your Lamborghini will also impact your car insurance rates. One of the questions insurers typically ask is how much you plan to drive an insured vehicle in a year. The likelihood of an accident increases the more you drive your insured vehicle, so therefore 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.