Lamborghinis are often cited as the height of indulgence in car form. If you’re looking to join the ranks of celebrities who drive these luxury Italian sports cars, read on to see how much it could cost to insure one.
What insurance group is a Lamborghini?
The insurance group that your Lamborghini falls into will very much depend on the model you own. You may find slight variations on the insurance group rating based on your version but most of the popular models, unfortunately, fall into the highest insurance group:
A Lamborghini will of course set you back a small fortune, and covering it will be much the same story.
The insurance cost for a Lamborghini varies greatly depending on the model you select and your own circumstances. But we ran quotes using a specific profile in order to insure a Lamborghini Huracan, one of the best-selling models from the luxury marque, and found the average cost to be £7,850 a year or £600 a month. This is for fully comprehensive cover and no optional extras. Your actual cost could be more or less depending on the Lamborghini model you purchase, your age and driving record, the number of miles you drive in a year, and the likelihood of it being stolen, among other factors.
Some of the other variables that affect the price of insurance include your age and your location, as well as the year, model and trim package of your Lamborghini.
A Lamborghini’s high price tag, as well as its appeal to thieves, tends to result in extremely pricey car insurance.
To determine our example insurance cost, we aggregated quotes from insurance companies using this profile:
2018 Lamborghini Huracan
The driver is a 30-year-old teacher
The driver is single and owns a home in Greater London
Automatic transmission
Petrol
An average of 10,000 mileage per year
Factory-fitted Thatcham-approved alarm system
The car is used for social, domestic and commuting purposes
The car is not modified
The car is parked in a car park during the day
The car is parked on a driveway at night
Five years no-claims’ discount
No driving or other convictions for the past 5 years
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Lamborghinis are not only expensive to purchase, they are also expensive to insure. Their big price tag means they are also costly to repair or replace, which increases the cost of insurance. And because this is such a high-end car, Lamborghini owners will likely opt for comprehensive cover, which could also mean an increase to insurance costs.
The fact that it’s a sports car can also mean hikes in insurance costs – insurance companies make certain assumptions about the driving habits of sports car owners, based on industry data. It won’t help that criminals are more likely to take a shine to your Lamborghini, either.
How does the model affect insurance costs?
Usually, the more expensive the model is, the more you’re likely to pay in insurance premiums. This is down to the amount it costs to either repair or replace. As with the models we mentioned above, insurers place most Lamborghinis firmly in the higher insurance groups ratings.
Other areas that insurers review when calculating the cost of your car cover include the car’s safety rating and how likely it is to be targeted by thieves.
Are there any standout models?
Some might argue that any Lamborghini model is a standout model. But the Few-Off models are the most exclusive, limited editions, only available to a select number of clients. Lamborghini states that “Few-Off models express the highest Lamborghini spirit in every respect.” The current lineup of Few-Off models includes the Centenario Roadster, the Centenario and the Veneno Roadster.
Lamborghini car facts
Lamborghini was founded in 1963 by tractor manufacturer Ferruccio Lamborghini. He originally drove a Ferrari but was plagued with clutch issues so decided to turn his attention to making cars instead.
Many Lamborghini models take their names from famous Spanish bull breeds including the Islero, Miura, Jalpa, Reventon, Gallardo, Aventador and Huracan.
Lamborghinis are one of the most expensive vehicles to insure and you’re likely to need more than third party cover – higher levels of cover are third party fire and theft and comprehensive cover.
The price to insure your Lamborghini will vary greatly depending on the level of cover you want in your policy.
Not every insurance company offers speciality car insurance. Check out our guide to high-end car insurance.
Pros and cons of a Lamborghini
Pros
Luxury sports car
Cons
Costly to repair and replace
High price tag, which is likely to result in higher premiums
Speciality car insurance may required
Some models may be more likely to be targeted by criminals
Bottom line
A Lamborghini is expensive to insure, but that’s no reason why you should accept the first insurance premium you come across. There are many factors that can affect the price you pay for your car cover including your age, where you live, your driving history and how many miles you plan to drive in a year.
Shop around and compare deals to find the best deal for your needs.
Other car brands you might want to see rates for include:
Lamborghinis are manufactured in Sant’Agata Bolognese, near Bologna in Italy. Every, single model is hand-made.
You may be lucky but not all insurers will cover you and your pride and joy. And it’ll depend on your own circumstances as well as the Lamborghini model you are trying to insure. You might want to see our list of high performance car insurance to help you.
A car’s safety record, the cost to repair and maintain the car and the car’s likelihood of being stolen can all affect the cost of car insurance.
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*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (July ’24). 51% of car insurance customers could save £523.17
Liz Edwards has been a consumer writer and editor for more than 20 years. She led award-winning teams at the campaigning publisher Which?, and has covered a range of consumer rights and personal finance topics including pensions, credit, banking and insurance. Liz has appeared frequently in national media such as The Sun, Metro, HuffPost and The Independent. She loves to cut through waffle to give consumers the real lowdown. And she loves puns. See full bio
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