How Much Is Bugatti Insurance?
Discover how much you can expect to pay to insure your Bugatti.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Bugatti makes some of the world’s most luxurious, expensive, and rare vehicles in the world. In fact, it typically manufactures fewer than 100 vehicles per year, with some topping out with values over $5 million.
Purchasing a Bugatti is an extremely sizable investment that few can afford. If you’re lucky enough to own a Bugatti, you’ll want to know how and where to insure it properly. Bugatti insurance is itself an investment, costing around $20,000 per year on the low end and up to $50,000 per year (or more) on the high end.
Our guide to Bugatti insurance provides information on how to get insurance and how much it might cost. You’ll need to get coverage from an insurance company specializing in luxury, exotic, or collector cars.
You can get more information about Bugatti insurance from an independent insurance agent who specializes in finding coverage for rare luxury vehicles.
In this article:
How Much Does a Bugatti Cost to Insure by Model?
Are Bugatti Expensive to Insure?
Why Do Insurance Costs Differ Between Bugatti Models?
Where to Get Bugatti Insurance
How Can an Independent Insurance Agent Help You Get Bugatti Insurance?
How Much Does a Bugatti Cost to Insure by Model?
The cost to insure a Bugatti can vary depending on the model and its unique features. But you’ll find that no matter what model or model year Bugatti you drive, your insurance costs will be higher than for most other vehicles. What’s more, you’ll need a specialty insurer to cover your Bugatti.
Bugatti insurance, in general, will cost more for higher-value models. For luxury cars like Bugatti, insurance costs tend to be around 1% to 2% of the vehicle’s value.
Our research found that Bugatti insurance can range from $20,000 per year to over $50,000 per year. Keep in mind that the national average for car insurance is $1,311 per year.
We’ve looked into the cost of insuring several Bugatti models and found the following:
| Bugatti Model | Average Cost of Car Insurance Per Year |
|---|---|
| Bugatti Veyron | $20,000 to $30,000 per year |
| Bugatti Chiron | $25,000 to $50,000 per year |
| Bugatti Divo | $40,000 to $80,000 per year |
| Bugatti Centodieci | $60,000 to 110,000 per year (estimated) |
An independent insurance agent near you can help you find Bugatti insurance for whatever model you invest in.
Are Bugatti Expensive to Insure?
Bugatti are very expensive to insure. Here are some reasons why:
- Vehicle value: Bugatti are some of the most expensive vehicles in the world, with ticket prices that can reach $8 million. The high value of Bugatti vehicles is clearly reflected in high insurance costs. If your Bugatti were damaged or totaled, your insurance company expects to make a significant payout.
- Repair costs: Bugatti are expensive to manufacture and repair, with specialized, costly parts often being shipped from overseas. Any vehicle with expensive parts will cost more to insure.
- Theft appeal: While not many Bugatti thefts are reported (probably because there are not a lot of Bugatti on the road), they are high-value targets that many thieves would love to get their hands on. Any car that has a higher theft risk will cost more to insure.
- No safety ratings: Most vehicles are safety-rated by the Insurance Institute for Highway Safety (IIHS). Bugatti are not rated by the IIHS or other similar organizations, making it difficult for insurance companies to assess how they would perform in an accident. This contributes to higher insurance rates.
Besides the costs related to replacing or fixing a Bugatti, the owner's personal characteristics also play a role in Bugatti insurance costs. Your driving record, past claim history, age, gender, marital status, annual mileage, and other aspects of your driver profile can all contribute to higher (or lower) insurance costs, depending on how much risk you are perceived to have.
What Is Collector Car Insurance for Bugatti?
Bugatti owners typically have to work with a car insurance company that specializes in exotic, luxury, or collector cars. While your exact needs will depend on the model and age of your Bugatti, a specialty insurer will usually be able to insure it properly. Moreover, specialty or collector car companies often offer better rates for these types of cars than most standard insurance companies.
Some other benefits of using a specialty or collector insurance company for your Bugatti include:
- Agreed value coverage: Standard insurance companies determine the maximum amount they will pay on a vehicle based on its purchase price and depreciation. But Bugatti may not depreciate like other cars, and in some cases their value actually increases over time. An agreed value policy pays out an amount that both you and your insurance company agree that the car is worth.
- Specialized coverage: Collector insurance companies may be able to offer special coverages that are only applicable to high-end cars, such as coverage for when your car is on display at a car show or protection for special parts.
An independent insurance agent has access to a wide variety of insurance companies. A local agent can help you find the right insurance company to protect your Bugatti.
Why Do Insurance Costs Differ Between Bugatti Models?
Car insurance costs differ by model depending on several factors.
Because Bugatti models differ by size, safety features, purchase price, and more, insurance for each model will vary to reflect the level of risk.
Where Can I Get Bugatti Insurance?
You’ll need to buy Bugatti insurance from a company that specializes in covering luxury, exotic, or collector cars. These carriers may even offer better rates than standard insurance companies when it comes to Bugatti insurance. Here are some top-rated companies that offer exotic car insurance:
An independent insurance agent in your area can help you find the best insurance company for your Bentley.
FAQs about Bugatti Insurance
Yes, Bugatti insurance is expensive. Our research shows that Bugatti insurance can range from $20,000 per year to $50,000 per year, or more.
Bugatti are expensive to insure mainly because of their high value. They are some of the most expensive cars in the world.
You can get Bugatti insurance from specialty carriers that cover luxury, exotic, or collector cars. An independent insurance agent can help you find the best carrier for your needs.
Save on Car Insurance
Our independent agents shop around to find you the best coverage.
How Can an Independent Insurance Agent Help You Get Bugatti Insurance?
You can get Bugatti insurance by working with an independent insurance agent in your area. Independent agents can help you shop around and compare quotes from companies that specialize in insuring luxury or exotic cars.
With access to numerous insurance companies nationwide, an independent agent can ensure that you get the coverage you need for your Bentley.
Sources
https://www.valuepenguin.com/auto-insurance/luxury-car-insurance
https://www.insurancepanda.com/faq/bugatti-insurance-cost/