The Bugatti Chiron Sport ‘110 Ans’ tops the charts for insurance rates at $50K per year. It’s no surprise with a $3,260,000 price tag, that one of the most expensive new cars would have a hefty insurance rate. This Bugatti debuted discretely a few weeks ahead of the New York Auto Show, but eventually was displayed at the Javier’s Center.
Several automakers debuted at this year’s New York Auto Show, including the Lincoln Corsair, Mercedes-Benz GLC Coupe, Hyundai Venue, and the Ford Escape. Before the vehicles are on sale to the public, the website ValuePenguin breaks down their individual costs. This helps the consumer understand the individual costs on the vehicles, including annual insurance.
For example, the Mercedes-Benz GLC 300 Coupe has an insurance rate of $1,842 per year. The Hyundai Venue costs around $1,250 yearly. The Lincoln Corsair in between the two at $1,605 annually. The Ford Escape is the most economical of the bunch, costing $1,051 per year.
With a 1.54-percent insurance-to-MSRP ratio and a 10-percent down payment ($326,000), the Bugatti Chiron Sport ‘110 Ans’ costs around $4,188 per month ($50,251 annually). Insuring a supercar costs about 10 perfect of the value of the vehicle each year, which is more than most people can afford. Traditional insurance companies, like State Farm or Allstate, are probably not going to have options for your supercar.
Hopefully, nobody anticipated the Bugatti to be in the affordable range. The Chiron Sport wields a quad-turbocharged W16 engine with 1,479 horsepower and 1,180 pound-feet of torque. With only 20 production units, assumable already spoken for, the Bugatti is for the elite.
Image Credit: Bugatti