last updated June 23, 2022
bugatti makes some of the most luxurious vehicles in the world. the company manufactures less than 100 vehicles a year.
It is understandable that it costs a lot of money to insure a Bugatti. The Bugatti Chiron Sport 110 Ans, for example, costs more than $50,000 a year to insure. other bugatti vehicles cost between $2,000 and $4,500 a month.
Keep reading to find out everything you need to know about bugatti car insurance and how much it costs.
- average cost of bugatti insurance
- why is bugatti car insurance so expensive?
- bugatti car insurance per vehicle
- factors that affect bugatti car insurance
- about bugatti
it costs between $2,000 and $4,500 a month to insure a bugatti
Depending on the type of bugatti you drive, you could pay between $2,000 and $4,500 a month for full coverage auto insurance.
For luxury vehicles like a Bugatti, the general rule of thumb is to price insurance between 1% and 2% of the value of the vehicle.
the bugatti chiron sport 110 ans, for example, has an estimated msrp of $3,260,000 and an average annual insurance premium of $50,000 per year, or about 1.50% of the value of the vehicle.
Depending on the value of your bugatti, the model and the year, you could pay as much as $50,000 per year or as little as $20,000 per year.
why is bugatti car insurance so expensive?
There are some obvious and not so obvious reasons why bugatti car insurance is so expensive.
Here are some of the reasons you pay $50,000 a year to insure a Bugatti:
high msrp: Bugatti makes some of the most expensive vehicles in the world. The higher the value of your vehicle, the more it will cost to insure it. With MSRPs of $1 to $3 million, Bugatti vehicles are some of the most expensive to insure.
Low theft ratings but high theft appeal: Bugatti makes fewer than 100 vehicles per year. Bugatti has low theft rates, which means that few Bugatti vehicles are stolen each year overall. however, a bugatti has a high theft appeal. this combination of factors can lead to higher insurance premiums.
unknown safety ratings: national organizations like the iihs test vehicles for crashworthiness and crash avoidance. however, the iihs does not test bugatti vehicles. the vehicles have unknown crash ratings, making it difficult to know how they would perform in an accident. Because insurers don’t know how to fare in an accident, they err on the side of caution with higher safety ratings.
cost of luxury insurance: companies like geico and state farm won’t insure a bugatti; Instead, Bugatti owners must work with luxury car insurance companies. these companies are unique, specialized providers dealing with unique policyholders. Understandably, they tend to charge higher premiums than larger or more conventional companies.
high repair costs: you can’t go to a local body shop with a bugatti. bugatti vehicles are expensive to repair and it is necessary to visit specialized repair shops. Higher repair prices mean higher insurance premiums. To give you an idea of how expensive it is to repair a Bugatti, a Bugatti oil change costs between $20,000 and $25,000.
high performance and high speeds: bugattis accidents are rare. however, Bugattis are capable of driving at very high speeds, making them a higher risk vehicle to insure. If a Bugatti is involved in a high-speed crash, it can cause injuries and millions of dollars worth of damage. insurers charge higher premiums for all high-speed, high-performance vehicles.
bugatti car insurance per vehicle
bugatti produces six types of vehicles and insurance premiums vary widely between vehicles.
Here are all the types of Bugatti vehicles and how much you can expect to pay for car insurance:
Bugatti Veyron ($20,000 to $30,000 per year): The Veyron is Bugatti’s best-known vehicle. Named after race car driver Pierre Veyron, the Veyron was voted Top Gear’s Car of the Decade in the 2000s. The Veyron is priced around $1.9 million. however, you can buy a used bugatti veyron for just $1.7 million.
Bugatti Chiron ($25,000 to $50,000 per year): Another popular Bugatti option, the Chiron had a base price of €2,400,000 at launch (about $2.5 million USD). The original 200 Bugatti Chirons sold out before the first one was delivered. Currently, Bugatti Chiron owners pay between $25,000 and $50,000 per year to insure their vehicle, according to our research.
Bugatti Divo ($40,000 to $80,000 per year): Bugatti produced just 40 Divos between 2019 and 2021. Priced from $6 to $8 million, the Bugatti Divo sold out on its first day of availability . Divo owners today pay some of the most expensive car insurance premiums in the world, with some drivers paying nearly $80,000 a year for Bugatti Divo car insurance.
bugatti centodieci (unknown): bugatti plans to produce 10 units of the centodieci in 2022. the vehicles are priced at €8,000,000 each, or about $8.9 million dollars. Although no one has yet purchased auto insurance for the Bugatti Centodieci, estimated premiums range from $60,000 to $110,000 per year.
bugatti racing car (unknown): bugatti plans to launch its racing car in 2024 at a net unit price of €4,000,000. the company is limiting production to 40 units. As with the Centodieci, specific auto insurance premiums are unknown. however, based on similar bugatti models, we expect the car to have average annual insurance premiums of around $40,000 to $80,000 per year.
Bugatti Vision ($100,000 per year): There is only one Bugatti Vision Gran Turismo. In 2016, Bugatti sold the original Vision GT concept to a collector in Saudi Arabia. In 2017, a collector from the United States reportedly paid around 5.5 million dollars. The specific price paid by the collector to insure his bugatti vision is unknown, although it is estimated at more than 100,000 dollars a year.
factors that affect bugatti car insurance
Some bugatti drivers pay less than $10,000 a year for car insurance, while others pay more than $50,000 a year. Some of the factors that affect Bugatti auto insurance include:
Driving record: If you have a safe driving record with zero accidents or tickets, then you will pay less for bugatti car insurance than someone with multiple DUIs and at-fault accidents.
State Insurance Laws: Some states have high insurance requirements, complicated insurance laws, or higher risks for insurers. Drivers in these states pay significantly more for car insurance than drivers in other states. A Bugatti owner in Florida might pay $50,000 a year for coverage, for example, while a Bugatti owner in Idaho might pay only $10,000 a year.
type and value of the bugatti you drive: bugatti makes several types of vehicles with different msrp. Depending on the type of vehicle, the value of that vehicle, and the age of the vehicle, you could pay anywhere from $20,000 to $50,000 per year to insure a Bugatti.
Bugatti was founded in Molsheim, France by Ettore Bugatti. Born in Milan, Italy, Ettore wanted to create high-end vehicles that look great and perform better.
ettore bugatti lost its factory during the second world war. After the war, Bugatti mainly produced aircraft parts.
bugatti resumed vehicle production in 1991 with the debut of the eb110. Bugatti was forced to close in 1994, although the company was relaunched in 1998 after being acquired by Volkswagen.
Bugatti launched one of its best-known vehicles, the Veyron, at its Molsheim factory in 2006. Today, Bugatti makes some of the fastest and most expensive vehicles in the world.
final word on bugatti insurance
Bugattis have some of the highest car insurance premiums in the world. With retail prices of $2 million to $8 million, Bugattis have correspondingly high car insurance premiums.
Contact a luxury auto insurance broker or specialty insurer to get a bugatti insurance quote today.