How much does it cost to insure a supercar?

Supercar owners may drive a premium marquee, but they should still want to receive good value for money when it comes to insurance.

In our experience, drivers usually review their supercar insurance costs for 3 main reasons:

  • Acquired a new vehicle
  • Renewal price is too high
  • Want a better value deal

As a specialist insurance broker with more than 40 years’ experience, we fully understand why people want to drive down their cost of motoring.

So, how much is insurance for a supercar – based on 2020 prices?

A black Bugatti supercar which would require supercar insurance

As a general rule of thumb, a supercar driver should typically expect to pay somewhere between 1% to 1.5% of the vehicle’s agreed insured value for their annual premium.

If you drive a McLaren Spider with an agreed value of £150,000, you should expect to pay between £1,500 to £2,250 per annum for a supercar policy.

For an Aston Martin DB9 worth an agreed value of around £40,000, the annual fee should be in the region of £400 to £600.

If you drive supercar with a total agreed value of more than £300,000 you may be able to get a slightly better rate, but 1% is a fairly realistic starting point.

What factors influence the price of supercar insurance?

It’s worth remembering that all the above supercar insurance costs are provided for guide purposes only.

The exact price of an annual premium will vary depending on a variety of factors outlined below.

Human factors

  • Driver’s age & experience
  • Previous driving history 
  • Annual miles you drive

Vehicle factors

  • Make, model and trim
  • Year of manufacture
  • Car’s safety rating
  • Likelihood of being stolen
  • Cost of replacement parts
  • Security features
  • Modifications

Geographical factors

  • Location where you live
  • Main place car is kept
  • UK-only or European use

Get a fast and affordable supercar insurance quote

Nowell & Richards is fully committed to driving down the cost of supercar insurance – by tailoring a policy to suit your lifestyle.

Unlike some comparison websites and standard market insurers, we analyse your driving habits before arranging protection that’s right for your everyday needs.

Often, adopting this customer-first approach allows us to deliver a better value premium with better levels of cover – even for younger motorists or those with less on-the-road experience.

If you’re privileged enough to drive a supercar, you should think of insurance as an investment rather than boring essential.

For a competitive FREE no-obligation quote, please send us an email or call 01785 255514 to discuss your options.

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