How Much is Bugatti Car Insurance?

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How Much is Bugatti Car Insurance?

bugatti car insurance

Maybe you are one of the few, and lucky people who just hit the mega lottery and are flush will millions of dollars and want to blow a couple of million on an exotic car. Alternatively, you might be curious like me and want to know how much is Bugatti car insurance and how much maintenance will cost yearly. Let’s check out not only the monthly premiums on this Godly automobile and see how much rich people pay for Bugatti auto insurance. The other costs for this exotic vehicle, like oil changes, will blow your mind.

The manufactured suggested (MSRP) retail price for the Veyron is an astonishing $2.5 Million. That is more than most mansions costs. In fact, you could buy about 15 average-sized houses in the United States for the price of this super auto. 

Keep in mind that this is only the beginning of the costs you will incur. Tricked out Bugatti’s can cost hundreds of thousands more. California’s sales tax, a big market for expensive cars, can be as much as 10% in certain cities. So that means you will pay an additional $250,000 in sales tax before it is yours. Now the price of ownership is getting closer to $3 Million, and we have not even talked about insurance coverage yet. After all, the world’s most expensive sports car has to be the costliest to insure. 

Bugatti Car Insurance Premiums

Numerous factors go into the actual premiums you will pay for this unique automobile. Some companies may be unable to insure such a risky car. You can rest assured that you will end up paying a lot to get it insured. 

If, in the unfortunate event, you wreck a Bugatti, your rates could even double. Based on the few owners that have come public about their insurance costs, monthly premiums tend to be about 1% of the actual MSRP price. So this equals a monthly insurance bill for your new Bugatti at about $25,000. That means insuring a new Bugatti costs a whopping $300,000 a year. 

That’s about the cost of a new house in many parts of the U.S. For some of the “money is no object crowd,” it’s worth it. If you live in Las Vegas, you might see boxing legend Floyd Mayweather pull up beside you in one of his Bugatti’s. Floyd often roles through the local Vegas McDonald’s in his Bugatti. For high-roller like Floyd Mayweather, owning a Bugatti is an investment in their image and overall persona.     

Bugatti’s are Super Expensive to Maintain

In case you are not keeping tabs so far, for a new vehicle, it is $2,775,000 with tax and Bugatti car insurance. But let’s not forget about title costs, license, and miscellaneous fees; this will add about $5,000 to the price. So now we have a total of $2,800,000. If you have any money left in the bank, that is a good thing, because there are more expenses to come. 

A few Bugatti maintenance expenses

  • Delivery charges can be, you guessed it, outrageous. To have your Veyron delivered to an American dealership can run $50,000 or more.
  • The yearly maintenance costs can be over $200,000 per year!
  • Super sports owners may be charged an import tax of 2.71%, which can add about $67K to the price.
  • Since this car engulfs gasoline, it is subject to the federal tax for gas-guzzling vehicles of about $6,500.
  • With a price tag in the millions, you may opt to get a warranty. You would not want the engine blowing up on you after all and costing you perhaps another million. Warranty costs for a new Bugatti can be about $75,000 annually.
  • Tire replacement. If you plan on putting more than 10,000 miles on your new Bugatti, be ready to dole out some serious money for tire replacement. Replacing your tires is recommended every 10K miles under usual driving conditions. A set of Michelins will cost about $45,000; this implies that you will be driving slower than 200MPH. At speeds over 200, the tires have a lifespan of about fifteen minutes. As a side note, you will also be burning through the tank of gasoline – 26 gallons – in less than 15 minutes at speeds over 200! This will only set you back about $100, thanks to lower recent oil costs.
  • With average gas mileage of about 8 per gallon in the city and 11 out on the highway, be prepared for plenty of $100 fill-ups.

Get Bugatti Auto Insurance Quotes Online 

If you add up all the first-year ownership costs for this fantastic automobile, you will be paying approximately $3,000,000. Volkswagen, the parent company, claims it sold out all 450 Bugatti’s in 2015, so there are plenty of owners worldwide that can afford them. 

If you are one lucky few who can afford one, then welcome to an exclusive club. Now that you know how much Bugatti auto insurance is, why don’t you try to save some money with good 2 go insurance. You can compare Bugatti car insurance rates in about five minutes with Good to Go Insurance. You might even save over 20%, which would save you thousands. 

To get started, all you need to do is fill out a quick quote application or call a licensed agent. The quote is free, and you will be matched with insurers that cover Bugatti’s. Save more money on the auto insurance coverage you need.