Compare Lamborghini Car Insurance Rates [2024]

How much is insurance on a Lamborghini? Expect car insurance for a Lamborghini to cost anywhere from $833 to $2,500 per month or $10,000 to $30,000 annually. That’s a lot of money, but it makes sense when you realize the average cost of a Lamborghini is over $200,000. 

Getting car insurance for a Lamborghini Huracan isn’t going to be cheap, and Lamborghini Gallardo insurance costs can go through the roof if you don’t know where to find the best car insurance rates for a Lamborghini. If you’re looking for Lamborghini car insurance for a 17-year-old or a 16-year-old, expect to pay even more. Understanding your car insurance policy is important when searching for the best deal. 

Premium rates will vary based on whether you have a Lamborghini mechanic in your area and how much it costs to repair your specific make and model.

How much is car insurance on a Lamborghini?

How much is Lamborghini insurance? With starting costs reaching as high as half a million dollars, Lamborghinis aren’t vehicles you buy on a whim. And because of their exorbitant price tags, Lamborghinis are usually also very expensive to insure. Finding affordable Lamborghini car insurance is possible, but it won’t be easy.

You can expect to pay between $833 and $2,500 per month depending on your driving record and which model of Lamborghini you drive.

That’s $10,000 or $30,000 per year.

In the table below, check out a list of the current Lamborghini models available for purchase and how much each one costs.

Lamborghini Model Details

The average person cannot reasonably afford such a high-cost luxury car. These steep price tags mean Lamborghinis are often excluded from studies ranking car insurance costs because they are considered an outlier. 

Why is the car insurance cost for a Lamborghini higher?

Lamborghini car insurance costs are so much higher than other vehicles, including most sports cars, the outcomes of these studies would change dramatically if Lamborghini costs were included.

Even if you drive a mega luxury car like a Lamborghini, your individual car insurance rates will still be influenced by the same factors that impact standard coverage. Insurance providers will also factor in your age, where you live, and your driving record when calculating your annual rates. 

Depending on the state laws where you live, companies might also use your gender, credit score, and ZIP code to determine your costs. 

Maintaining a good driving record and credit score is one way you can save money on Lamborghini car insurance. Scroll down to learn why Lamborghinis are so expensive to insure, and even more ways you can save money on car insurance.

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Why is Lamborghini car insurance so expensive?

Lamborghini car insurance is expensive because the cost of the car and the cost to repair it is much more expensive than the average vehicle. Standard car insurance policies don’t cover enough costs to fully protect a $250,000 Lamborghini, so drivers often need to invest in exotic car insurance to cover the price of their luxury car. 

But that’s not the only factor insurance companies consider when determining rates. There are many other potential reasons why Lamborghini car insurance is so expensive. For starters, Lamborghinis are specialty vehicles that require certified Lamborghini mechanics to work on them. You could void your warranty or even ruin your car if the right mechanic doesn’t work on it. What’s more, used parts can devalue your vehicle and ruin your investment. 

Many small towns don’t have Lamborghini-licensed mechanics, and making sure you have an insurance policy that includes delivery to an authorized mechanic can raise your rates. 

Secondly, statistics show that drivers who buy certain types of cars tend to drive a certain type of way. So insurance companies will assume certain things about your lifestyle if you drive a Lamborghini. This may not seem fair, but it’s no different than a provider charging more for a sports car than a minivan. And let’s be honest — you aren’t using your Lambo for trips to the supermarket. Insurance companies charge more for this kind of risk.

However, because of its high price tag and repair costs, many standard insurance companies won’t even take on the risk to insure a Lamborghini. You will have to find a high-risk provider that specializes in supercar insurance because, unfortunately, there’s no such thing as Geico Lamborghini insurance. 

Lamborghini Car Insurance Companies

In the list below, see some of the different Lamborghini car insurance companies located across the country:

• AARP
• Allstate
• Branch Insurance
• Esurance
• Gabi
• Liberty Mutual
• Metromile
• Progressive
• USAA

No matter which provider you choose, expect starting rates to be much higher than what you would pay to insure a standard vehicle. Lamborghinis are supercars, and supercars will always come with more expensive insurance rates.

Read More:

• Gabi Car Insurance Review
• How do you get a Metromile car insurance quote online?

How much is car insurance on a supercar?

Lamborghinis, along with the likes of McLaren and Ferrari, are considered supercars. These supercharged vehicles are a league above the average sports car in terms of speed, performance, price, and insurance rates.

Read more: Compare Ferrari Car Insurance Rates

How do you get car insurance for supercars? You’ll need to find a company that is willing to take on such a potentially expensive risk. Believe it or not, the average supercar insurance rates can be as low as $171 per month, but the more exotic the vehicle, the more expensive the rate. And by insurance standards, Lamborghinis are considered some of the most exotic. 

In some cases, drivers end up paying over $1,000 every month in supercar insurance for the latest model.

Supercar insurance costs get pretty high due to the safety ratings of certain makes and models. Every vehicle is rated by its safety and placed into insurance groups ranging from 1 to 50, with Group 1 being the cheapest to insure. The Insurance Institute for Highway Safety (IIHS) places most supercars in Group 20 or higher, which means you can expect higher Lamborghini insurance rates.

What insurance group is a Lamborghini?

Basic Lamborghini models are in insurance group 20, which comes with mid-range premiums that can get more expensive based on your driving record and where you live. Newer and faster Lamborghini models are in higher insurance groups and get more and more expensive to insure.

For example, the Lamborghini Aventador, the brand’s fastest model,  is in Group 50, the most expensive insurance group of all time. 

As you can see, getting car insurance for a Lamborghini Aventador won’t be cheap. But, realistically, most Lamborghini owners don’t drive the car because they’re looking to save money. 

How safe are Lamborghini vehicles?

Your insurance rates are impacted by the safety rating and crash test ratings associated with your vehicle make and model. However, Lamborghini crash test ratings from groups like the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) do not exist. 

Insurance providers do know that Lamborghinis can reach 60 miles per hour in less than three seconds, making them some of the fastest cars on the road.

With speeds like these, the risk of collision increases tenfold, but the vehicles themselves are actually as safe as possible. All Lamborghini vehicles are required to meet minimum safety standards, like every other vehicle on the road. More than that, because Lamborghinis are designed to go fast, they are naturally equipped with additional safety features to protect drivers on the road.

Lamborghini Safety Features

Common Lamborghini safety features include:

• Anti-lock brakes
• Front and side-impact air bags
• Knee air bags
• Seatbelt pretensioners
• Automatic stability control
• Security systems

These stock safety features will keep you safe while driving, but installing additional safety and anti-theft devices in your Lamborghini can qualify you for safe driver discounts and reduce your overall insurance cost for your Lamborghini.

Scroll down to learn more about Lamborghini car insurance discounts and how to lower your monthly insurance costs. You can start comparing Lamborghini car insurance quotes for free with one of our quote calculators to find the cheapest rates in your city.

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What impacts the average cost of Lamborghini car insurance?

The average cost of Lamborghini insurance is based on the amount of coverage purchased by the driver. How much insurance coverage you need will influence how much you end up paying per month. 

A liability-only policy will not cover the cost of replacing your Lamborghini, so most drivers purchase additional comprehensive and collision coverage.

You can also buy umbrella coverage and GAP insurance for a Lamborghini. However, adding extra coverages can cause your rates to increase dramatically. Before you get free Lamborghini car insurance quotes online or through an agent determine what level of coverage you need first. In the next sections, we’ll walk you through the basic car insurance coverage types. Read on.

Do you need liability coverage for a Lamborghini?

According to the Insurance Information Institute (III), liability car insurance is required in almost every state. Depending on where you live, the minimum liability requirements will vary. We definitely recommend driving with more than the minimum legal limits if you own a Lambo.

Below are some suggested liability limits for Lamborghini car insurance:

• Bodily Injury – $100,000 per person/$300,000 per accident—your legal responsibility in the event of an accident for which you are at-fault
• Property Damage Liability – $50,000 per accident—your legal responsibility in the event of an accident for which you are at-fault
• Uninsured Motorists Coverage – $100,000 per person/$300,000 per accident—to pay for the bodily injury of you and/or your passengers in the event of an accident if the other driver is uninsured. 

Liability insurance will not be the largest portion of your Lamborghini insurance premium. Because of the value of Lamborghinis, the damage to the car itself will be the primary cost of the insurance on a Lamborghini. To fully protect your Lamborghini, you will need to purchase comprehensive and collision coverage as well.  

Do you need full coverage for a Lamborghini?

It would be wise to invest in full coverage car insurance for your Lamborghini. Full coverage car insurance for a Lamborghini will include all three standard levels of coverage: comprehensive, collision, and liability coverage. 

While liability insurance covers damages and injuries to third parties for accidents you are found at fault for, it will never cover any repairs to your actual Lamborghini. 

In order for your Lambo to be protected, you’ll need to invest in a collision and comprehensive coverage. Collision coverage helps pay for repair costs in the event of an accident while your car is in motion. This includes hitting another vehicle, or an object like a tree or pole. 

Comprehensive coverage protects your Lambo against damage when the vehicle is not in motion, this includes acts of vandalism, weather damage, or animal damage. This is also the only type of coverage that protects you against auto theft.

Purchasing full coverage car insurance for your Lamborghini will raise your insurance rates, but you can mitigate these costs by parking your Lambo in a garage. A locked garage can protect your vehicle from thieves, weather damage, and more, which will reduce your comprehensive insurance rates. If you park your Lambo in a secure garage, inform your provider so your rates can be adjusted accordingly. 

Do you need umbrella coverage for a Lamborghini?

If you own or are planning to purchase a Lamborghini, your insurance agent may tell you that you need an “umbrella policy.” Umbrella policies add coverage that goes beyond the limits of your current policy to make certain that your interests are fully protected.

For example, wrongful death and injury litigation costs often exceed the limits your insurance company is prepared to spend. 

Umbrella coverage for your Lamborghini could save you from paying out of pocket for an at-fault car accident. While it is not necessarily a requirement, you may consider this type of coverage depending on your personal needs and situation.

Do you need GAP insurance for a Lamborghini?

If you are leasing a Lamborghini, the dealership will likely require you to purchase GAP insurance. GAP insurance will cover any remaining lease payments should you total your Lamborghini in an accident. GAP insurance for a Lamborghini is good for owners as well because many insurance companies only offer a max value on the vehicles that they insure. (For more information, read our “How do I find out if GAP insurance is included in my car lease?“).

This means that if you spent $240,000 on your new Lamborghini, and your insurance company’s max value is $100,000, you’ll be left to pay the remaining $140,000 balance out of pocket if your car is totaled.

For example, if you’re in an accident that completely totals your Lamborghini, you will only be compensated for the max amount your provider offers.

Be very mindful, as oftentimes purchasing GAP insurance directly through the dealership is far more expensive than going through an insurance company. You may want to look for companies that offer luxury vehicle GAP insurance for Lamborghinis so you can get a fair settlement.

Do I need collectible car insurance for my Lamborghini?

Collector or collectible car insurance for a Lamborghini is often cheaper than a specialty car insurance policy, and it’s a better investment for the driver. 

You could save up to 40 percent per year on car insurance by purchasing a collector car insurance policy for your Lamborghini.

Because collector vehicles actually appreciate in value, collector car insurance policies operate on the agreed value of the vehicle and not the actual cash value. This means that a collector car insurance policy can protect the actual worth of your Lamborghini without the extra monthly costs of an umbrella policy or GAP insurance. 

It’s important to note that collectible car insurance comes with certain caveats that limit how often and how far you are allowed to drive the insured vehicle. However, since it’s unlikely that you’ll be taking a Lamborghini on road trips, collector car insurance could be the easiest way to save money on insurance.

How can I save money on Lamborghini car insurance?

Saving money on your Lamborghini car insurance is much like saving money on any other type of vehicle. You’ll never see rates as low as a standard car insurance policy, but you can save up to 25% off your premiums from certain providers with various Lamborghini car insurance discounts.

Lamborghini drivers qualify for many of the same insurance discounts that you get when you drive a less expensive car.

Lamborghini Car Insurance Discounts

Lamborghini car insurance discounts you could qualify for include, but are not limited to, the following:

• Safe driver discounts
• Good student discounts
• College graduate
• Anti-theft devices
• Bundling multiple policies
• Taking a defensive driving course
• Secure parking (applies when you park your Lamborghini in a brick building with security)

On top of these discounts, you can also choose a higher deductible on your comprehensive and collision insurance to lower your Lamborghini car insurance rates. Drivers can choose deductibles as high as $5,000 or more, but you’ll be responsible for paying that amount out of pocket before your Lamborghini insurance coverage kicks in.

Because of the high price tag of your luxury vehicle, you can likely increase your deductible by more than the average vehicle and still have worthwhile coverage. Picking a higher deductible reduces the risk on your insurance provider, so if it’s in your budget, we recommend doing so. It could save you thousands of dollars in the long run.

How do I get Lamborghini car insurance?

The best way to approach shopping for Lamborghini car insurance is the same way you shop for standard insurance – compare quotes online. 

Shopping around will ensure that you save money on your Lamborghini car insurance. You’ll be able to compare and contrast policies from different providers and clearly see which one is best for you and your unique needs.  

Compare car insurance for your Lamborghini with online quotes from multiple local companies before you buy to make sure you’re paying the best rate possible. It’s important to shop online for Lamborghini car insurance in order to compare quotes from different specialty car insurance companies. We discussed above how only certain providers offer exotic car insurance, so it’s important to shop for quotes from those companies. 

Where can I find Lamborghini car insurance quotes?

You can get a car insurance quote for Lamborghinis online using free quote tools. We collect quotes from multiple local companies to give you a fair review of the price of coverage in your area. To get free Lamborghini car insurance quotes online, gather the following information before enting your ZIP code into one of the online quote boxes:

• Full name and address of all drivers
• Driver’s license numbers and dates of birth for each driver
• Lamborghini model, year, and valuation
• Use of the automobile—be sure to mention if you plan to race the vehicle
• Where the automobile will be garaged
• Estimated annual mileage

It’s difficult to acquire Lamborghini car insurance quotes online through traditional markets because Lamborghinis require specialty coverage.

If you don’t have any specialty insurance providers in your area, finding insurance quotes online can be difficult. 

In this case, speak with a local insurance agent about your options. Most agents will acquire two or more comparison quotes for you and help you find the right coverage.

Where can you buy Lamborghini car insurance?

You’re ready to buy Lamborghini car insurance, but which car insurance company for a Lamborghini is the right fit for you? Here is where things can get a little tricky. As we mentioned previously, not every insurance company sells specialty car insurance, and not every company that sells Lamborghini insurance will provide insurance for every model of Lamborghini available.

Fortunately, not every insurance company restricts your Lamborghini coverage in this manner. You may find that your best option is to choose a specialty company that specializes in providing insurance for exotic cars.

Interestingly, these companies are often less expensive than a regular insurance company in terms of Lamborghini insurance costs. The most popular car insurance companies for exotic cars are:

• Allstate
• Chubb
• Hagerty
• State Farm

If these providers aren’t available to you, or you find that no standard insurance agencies in your city sell Lamborghini insurance, you may have to turn to a high-risk company for coverage. You may also be considered a high-risk driver in your state because of the assumptions insurance companies make about Lamborghini drivers. 

To avoid a negative reputation and to maintain a good driving record, it’s important to study up on your Lamborghini car facts so you know what you’re getting into. Knowing a bit about these luxury vehicles and what goes into insuring them will help you make an educated decision about your coverage. Scroll through our Lamborghini car facts below and check out the Lamborghini FAQ to learn more. 

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What is the history of the Lamborghini?

Lamborghini’s actually go by a slightly different name in Italy. Known as the Automobili Lamborghini S.p.A., in Italian, this is a luxury brand that manufactures, what else? Luxury sports cars. Ferruccio Lamborghini founded the company in 1963 to produce a grand touring car to compete with the Ferrari. 

Automobile manufacturers, because of the nature of their commodity, are sensitive to the vagaries of the world’s financial markets and often cycle through various owners until healthy markets prevail. Lamborghini is no different. After the financial collapse of 1973 and the oil embargo, Lamborghini’s ownership changed several times until the company finally ended in bankruptcy in 1987. Chrysler Corporation took control in 1987 and then sold the firm to the Volkswagen Group in 1998.

At present, Lamborghini is owned by the Volkswagen Group through its Audi division. Their production facility is located in Sant’Agata Bolognese, Italy.

Automobili Lamborghini S.p.A limits the production of vehicles to less than 2,000 cars per year. Perhaps this helps justify the high price tag of these sports cars. 

Standard equipment on a Lamborghini includes a deployable rear spoiler, adjustable height suspension, a power rear window, and a wind deflector. The top speed these cars can reach is an insane 217 miles per hour, which is appropriate for racing. 

The gas mileage ranges around 11 miles per gallon in traffic, and 18 miles per gallon on the road. But most people don’t purchase these cars for fuel efficiency. It’s the speed that consumers find to be so attractive. Lamborghini estimates acceleration from zero to 60 miles per hour in only 2.9 seconds.

One does not purchase a Lamborghini for a smooth ride. The ride for the Aventador is described as “punishing.” It transmits even minute flaws in the road to the passengers in the cabin.

Individuals usually purchase a Lamborghini for the epic statement it makes about wealth and speed rather than its function.

Lamborghini is producing two new models in 2021. The 2021 Lamborghini Urus manufacturer’s suggested retail price is between $218,009 to $239, 231 in total. The 2021 Lamborghini Huracan EVO Huracan manufacturer’s suggested retail price is between $208,571 to $229,428.

An unapologetically sporty, luxurious brand, Lamborghini’s are expensive to own and insure. However, by seeking out the right kind of coverage from the right insurance company, you can secure rates that almost every Lamborghini owner will consider to be affordable. 

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