Luxury car insurance costs are rising significantly

Car insurance prices in the U.S. have been rising sharply. In 2024, costs increased by 24%, and they are expected to go up another 12% in 2025. The average annual cost for full coverage is now about $2,638. This figure means that many households are spending over 3% of their income just to insure one vehicle. For those looking to buy luxury cars, insurance can be even more expensive. CarEdge has studied the insurance costs for various luxury brands and has identified the least expensive options. This information can help buyers find ways to save money. The analysis shows the following annual insurance costs for various luxury car brands: - **8th Place:** Mercedes-Benz at $3,288 - **7th Place:** Lexus at $3,089 - **6th Place:** Cadillac at $3,062 - **5th Place:** Lincoln at $2,924 - **4th Place:** Infiniti at $2,867 - **3rd Place:** Alfa Romeo at $2,855 - **2nd Place:** Volvo at $2,479 - **1st Place:** Acura at $2,369 These brands offer some of the most affordable insurance rates in the luxury car market.