Posted Jul 9th 2012 7:30PM
Everyone has a dream car, from high horsepower exotics to a rare race cars. But what few of us really think about (in addition to costly maintenance and parts) is that in order to enjoy owning an exclusive exotic, you need to cough up some serious cash for car insurance. Just how much, you ask? Well, we didn't know either, so we asked the auto insurance experts to quote us on what it takes to insure our expensive exotics of choice (like the Koenigsegg Agera R pictured above).
Needless to say, the auto insurance premiums for these wheels are pretty steep (surprise!).
Determining exact auto insurance numbers for vehicles of this price range and rarity is difficult to calculate - particularly when considering variables such as age, geography, driver history, and so on. So, these estimates offer an idea of just how much more these rides will set drivers back. Then again, when you've got yourself behind the wheel of a $2.8 million ride, what's a $50,000 annual car insurance cost, right?
Click here to view insurance quotes on the rarest and most expensive cars in the world!
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We scoured price lists from well-known luxury car manufacturers like: Bugatti, Rolls-Royce and Lamborghini, and from lesser-known companies like Leblanc and Shelby Super Cars. Other high-end companies like Spyker and McLaren just didn't have high enough price tags to spark our interest (which is a crazy sentence, we know).
The question is: just what makes these rides so expensive? Based on the vehicle details, part of the reason is a combination of high-performance and rare materials, ahead-of-the-pack innovations, additions like carbon fibre, platinum/gold trim, ceramic brakes, and even exotic woods, which elevated prices through the roof. The price may also be affected by sheer low production numbers - as some are even produced on an invite-only basis.
So, how much do these outrageous cars cost to insure? Of course, we wanted to know just how much deeper these rides will dig into your pockets after they've been purchased. Specifically, we wanted to know just how much owners are forking out on their exotic car insurance. Here are the top five uber-exotics along with their respective insurance quotes:
5) 2012 Pagani Huayra
Estimated Annual Exotic Car Insurance Cost: $23,611
· Country of Origin: Italy
· Engine: 700hp Mercedes-Benz built V12
· 0-60mph: 3.5 seconds
· Price: $1.3 million
Related GalleryPagani Huayra w/ Carbon Fibre Finish: Geneva 2012
4) Aston Martin One-77
Estimated Annual Exotic Auto Insurance Cost: $23,828
· Country of Origin: United Kingdom (chassis made in Canada)
· Engine: 750hp 7.3-litre V12
· 0-60mph: 3.7 seconds
· Price: $1.4 million
Related GalleryASTON MARTIN ONE-77 GALPIN
3) 2012 Koenigsegg Agera R
Estimated Annual Exotic Auto Insurance Cost: $30,876
· Country of Origin: Sweden
· Engine: 1,115hp, 5.0-litre V8
· 0-60mph: 2.9 seconds
· Price: $1.7 million ($1.5 million for the base Agera, plus $211,000 at current exchange rates for the R package. An additional $270,000 will get you the carbon-fibre version)
Related GalleryKoenigsegg Agera R - Geneva 2012
2) Zenvo ST1
Estimated Annual Exotic Car Insurance Cost: $42,240
· Country of Origin: Denmark
· Engine: 1,250hp V8
· 0-60mph: 2.9 seconds
· Price: $1.8 million
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1) Bugatti Veyron Supersport
Estimated Annual Exotic Automobile Insurance Cost: $50,855
· Country of Origin: France
· Engine: 16-cylinders, 1,200hp
· 0-60mph: 2.4 seconds
· Price: $2.6 million
Related GalleryBugatti Veyron 16.4 Super Sport land speed record
There you have it. While the initial price tag is sure to lighten your pockets significantly, the added insurance costs won't be making these rides any cheaper. Of course, when we're talking supercars in the millions of dollars, maybe insurance isn't as painful as it might look – and important for protecting that pricey ride.
Image Credit: Copyright 2012 Respective Owners / AOL