How Much Does It Cost to Insure a Rolls-Royce?

Last Updated on October 18, 2021

You already know a Rolls-Royce is expensive. But how much does car insurance cost for a Rolls-Royce?

The average Rolls-Royce driver pays $4,500 to $6,500 per year for car insurance. However, the price of Rolls-Royce auto insurance varies depending on the value of your vehicle, your insurance policy, and your insurer.

Keep reading to discover how much it costs to insure a Rolls-Royce.Rolls-Royce Insurance Cost

Table of Contents:

The Average Rolls-Royce Driver Pays Around $5,963 for Car Insurance

According to quotes provided to our model driver profiles, the average Rolls-Royce driver can expect to pay around $5,963 per year for car insurance.

For perspective, the average American pays around $1,450 per year for car insurance. In other words, a Rolls-Royce costs about four times as much to insure as the average vehicle in the United States.

Our quote is based on the assumption that you’re an experienced, middle-aged driver with a clean driving history, good credit, and average driving habits.

If you’re a young driver, have limited driving experience, or have a poor driving history, then you can expect to pay significantly more for Rolls-Royce car insurance. Bad drivers, for example, could pay over $15,000 per year to insure a Rolls-Royce.

About Rolls-Royce

Rolls-Royce is named after its two founders, including Charles Stewart Rolls and Frederick Henry Royce, who founded the company in England in 1906.

The first Rolls-Royce vehicle was named the Silver Ghost. Labeled the “best car in the world,” the Silver Ghost featured a six-cylinder engine and advanced engineering.

Although Rolls-Royce has a proud history in England, the company nearly filed for bankruptcy in the 1970s, leading it to be nationalized by the UK government. Volkswagen purchased Rolls-Royce in the 1990s, then transferred the brand to BMW in 2003.

Today, Rolls-Royce continues to operate under the brand Rolls-Royce Motor Cars, a BMW subsidiary that was officially established in 1998. The original company, Rolls-Royce Motors, was considered to be defunct that same year.

Factors that Impact Rolls-Royce Car Insurance Premiums

Multiple factors impact Rolls-Royce car insurance premiums.

Although the average driver pays around $6,000 per year to insure a Rolls-Royce, you could pay significantly more or less than that based on several factors, including:

Age: Younger drivers pay more for car insurance than older drivers. Although most teenagers do not drive a Rolls-Royce, drivers under 30 could pay anywhere from $7,000 to $20,000 per year for full coverage car insurance.

Driving History: Drivers with a recent accident could pay twice as much for Rolls-Royce car insurance as drivers with a clean record. According to our research, the average driver with a single accident in the last three to five years will pay around $9,022 per year for full coverage car insurance, or nearly twice as much as the nationwide average.

Credit Score: Unless you live in Hawaii, Massachusetts, or California, insurers can use your credit score to calculate insurance rates. Drivers with poor credit will pay significantly more for Rolls-Royce car insurance than drivers with good credit. If you have a bad credit score, you could pay similar insurance premiums as drivers with a recent at-fault accident, with average Rolls-Royce car insurance costs of over $9,000 per year.

State Insurance Laws: The average driver in Idaho pays around $1,002 per year for car insurance, while the average driver in Michigan pays around $2,201 per year. Car insurance premiums vary widely based on state insurance laws. If you insure your Rolls-Royce in a state with expensive car insurance premiums (like Louisiana, Michigan, Florida, California, or Missouri), then you could pay over twice as much as Rolls-Royce drivers in the cheapest states (like Maine, New Hampshire, Wisconsin, Idaho, and Ohio).

Gender: Statistically, men are more likely than women to own a Rolls-Royce. Approximately 70% of Rolls-Royce drivers are males. Insurance companies use your gender to calculate insurance premiums. Men under 25 tend to pay higher insurance premiums than women of the same age. The trend flips for older adults, with middle-aged and older men paying less for car insurance, on average, than women of the same age.

Location and ZIP Code: Where do you park your Rolls-Royce at night? Insurers need to know the ZIP code where you park your vehicle. Your Rolls-Royce may be an attractive target for thieves. If your vehicle is stolen, then your insurer needs to pay. Based on crime rates and other location-specific factors in your ZIP code, insurers may raise or lower your Rolls-Royce auto insurance premiums.

Uninsured Drivers in your State: Nationwide, approximately 1 in 7 drivers do not carry insurance. In some states, like Florida, nearly 1 in 4 drivers carry no car insurance. If an uninsured driver hits your Rolls-Royce, then that uninsured driver may not be able to pay to repair the damage. That means your insurer has to pay to cover the repair or replacement cost. If your state has high numbers of uninsured motorists, then you’ll pay more to insurance your Rolls-Royce.

Rolls-Royce Insurance Rates by Vehicle Model

Rolls-Royce offers several different vehicle models, including the Ghost, Phantom, Wraith, and Cullinan. Base car prices range from $250,000 to $450,000.

As the value of your car increases, the risk for your insurer also rises. Your insurer is covering more value, which means they’ll charge higher insurance premiums to cover this risk.

Rolls-Royce offers three active models, including:

Rolls-Royce Ghost: $311,900 starting MSRP

Rolls-Royce Wraith: $330,000 starting MSRP

Rolls-Royce Cullinan: $330,000 starting MSRP

Discontinued Rolls-Royce models include the Corniche, Park Ward, Phantom Coupe, Phantom Drophead Coupe, Phantom VI, and Silver Seraph, which had MSRPs ranging from $200,000 to $420,000.

Rolls-Royce vehicles hold their values differently than standard vehicles. An older Rolls-Royce may cost less to insure than a newer Rolls-Royce. However, the difference may not be as significant as it is with other vehicles. Whether you’re driving a new or old Rolls-Royce, you can expect to pay a significant amount for full coverage car insurance.

Other Things to Know About Insuring a Rolls-Royce

Insuring a Rolls-Royce can be challenging. Other things to know about insuring a Rolls-Royce include:

There Are Few Rolls-Royce Thefts in the United States: The Rolls-Royce is a rare vehicle, so it makes sense there are few thefts on record in the United States. Although the Rolls-Royce is extremely noticeable and has high-end value, it’s rarely a target for average car thieves. Because of this, some insurers may offer lower insurance premiums than you would expect.

No Crash Tests or Safety Ratings: Most cars undergo crash tests to determine their performance in accidents. With Rolls-Royce and other high-end vehicles, however, the cars are too expensive to make crash tests worthwhile. This can make it difficult for insurers to judge accident performance. Most insurers err on the side of caution by charging higher rates.

High-End Safety and Security Features: Although Rolls-Royce vehicles may not complete crash tests like other vehicles, they have high-end safety and security features that make them less risky to insure. As you would expect for a high-end vehicle, Rolls-Royce vehicles are equipped with state-of-the-art safety and security features that protect drivers and passengers in an accident.

Check with Specialty Insurers: GEICO, State Farm, Progressive, and other major insurers may not be able to insure your Rolls-Royce. Instead, you may need to work with specialty insurers, luxury car insurance companies, and other unique providers. Even if a standard insurer is willing to insure your Rolls-Royce, their rates and coverage may be inadequate for your needs.

Final Word on Rolls-Royce Insurance Costs

A Rolls-Royce is a unique vehicle that requires a unique insurance policy.

The average Rolls-Royce driver in the United States pays around $5,963 per year for full coverage car insurance, according to our research. That’s approximately four times the nationwide average.

By comparing quotes and shopping around for specialty insurers, however, you can ensure you get the best possible coverage for your Rolls-Royce auto insurance policy.

James Shaffer
James Shaffer James Shaffer is a writer for and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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