Rolls Royce Insurance Rates

Rolls Royce vehicles embody the epitome of the luxury car world with their lavish aspects, refined designs, and remarkable performance. Unsurprisingly, such cars come at a hefty cost for most – usually over six figures. However, affluent celebrities and royalty can afford these rides – if not necessarily the insurance bill. Aston Martin may be the priciest to insure on average, but Rolls-Royce comes in at a close second on a list of 36 brands.

Rolls-Royce models have an average annual insurance cost of $7,740.

Compared to other luxury brands, our car insurance comparison studies suggest that a 40-year-old good driver with full coverage and good credit, who drives around 13,000 miles per year, will pay $5,515 more for Rolls-Royce insurance. We conducted our study using a single-car policy on a brand-new vehicle only; the rates would vary if you take advantage of multi-car discounts. The chart below illustrates how other factors – such as vehicle, age, location, mileage, credit score, and driving record – can affect insurance rates. Further down in the page, you’ll find tables presenting this breakdown for Rolls-Royce vehicles.

How Does Rolls-Royce Insurance Vary?

The cost to insure a Rolls-Royce model will differ significantly by the age of the driver. Younger drivers cost more to insure because they are much more likely to be at fault in an accident. By 25 years of age, that probability drops dramatically, and the cost of insurance increases significantly. As a matter of fact, insurance costs decline until after age 60, but they increase modestly thereafter.

Credit is key when it comes to car insurance premiums, and people under 25 years old usually have very little credit established. In order to get cheaper rates as they age and maintain a good driving record, it’s best for them to join a family multi-vehicle policy. Not only does this help save money on car insurance, but can also aid in building credit. Paying with a credit card every month will result in improved credit scores as long as the bill is paid off entirely each billing cycle. Additionally, this provides an opportunity to collect points from reward credit cards due to the inevitable expense of car insurance.

Based on resale values and safety ratings, insurance costs vary between brands.

The Elaborate History of Rolls-Royce

Established in 1904 in Manchester, Rolls-Royce quickly earned a good reputation for its superior engineering by producing the “best car in the world”. The business was incorporated in 1906 as “Rolls-Royce Limited”, with a new factory opening in Derby two years later. During WWI, the company moved into designing and manufacturing aero-engines. Collaborations on jet engines commenced in 1940 with production beginning four years afterwards. Rolls-Royce has since established itself as a leader in the development and production of aircraft engines for military and commercial operations.

In the late 1960s, Rolls-Royce was hit by their mismanaged RB211 jet engine development and resulting cost overruns, however eventually achieved great success. This led to the owners being forced to liquidate in 1971. The useful parts of the business were bought by a new government-formed corporation referred to as “Rolls-Royce (1971) Limited”. This company continued the core business and swiftly divested their British Aircraft Corporation (BAC) holdings but transferred ownership of the lucrative car division to Rolls-Royce Motors Holdings Limited, which they sold off to Vickers in 1980. Following permission granted in 1977, Rolls-Royce was able to revert back to its original name of “Rolls-Royce Limited”.

The Rolls-Royce business remained nationalized until 1987 when the British government sold it in a share offering to the public after renaming it to “Rolls-Royce plc”. Although Rolls-Royce plc still owns and operates Rolls-Royce’s principal business, it is technically a subsidiary of Rolls-Royce Holdings plc, a listed holding company, since 2003.

In 1987, only Coca-Cola was known to more people than Rolls-Royce, according to a marketing survey.

Rolls-Royce Cars:

1. Rolls-Royce Phantom
2. Rolls-Royce Ghost
3. Rolls-Royce Cullinan
4. Rolls Royce Wraith
5. Rolls Royce Dawn

Records on Rolls-Royce cars:

There aren’t many thefts recorded

The National Insurance Crime Bureau publishes an annual list of the most-stolen cars in the United States, with nary a Rolls-Royce making an appearance. After all, low theft rates are often accompanied by a drop in insurance rates – yet such pricey automobiles don’t benefit from this benefit. Moreover, law enforcement would have no trouble tracking down any missing vehicles since they’re so rare on our roads.

Safety features that are high-tech don’t help much either

As Rolls-Royce cars are so prohibitively expensive, crash tests are not conducted on them. Therefore, safety ratings are not available. The cars are, however, generally equipped with some of the best safety features available today. Whenever a new, cutting-edge safety feature is developed, you’re sure to find it on their new cars soon. Even so, you’ll still have to pay a lot of money to insure their typical vehicle.

Drastically inflated rates result from exceptionally high prices

The main reason that you have to pay high insurance premiums for these vehicles is because of their exorbitant price tag. These vehicles are not cheap. For example, a Rolls-Royce Ghost sedan starts at around $250,000. It’ll cost you at least $410,000 to own a Rolls-Royce Phantom coupe. Those types of cars are simply not accessible to the average Joe, and those who do buy them should be prepared to pay extremely high insurance premiums.

How much is insurance on a rolls royce in the United States (12-month premium)

1. State Farm ($584.00 / year)
2. Virginia Farm Bureau ($1,005.00 / year)
3. Allstate ($1,320.00 / year)
4. Hastings Mutual Insurance Co ($1,892.00 / year)
5. Mercury ($1,946.00 / year)
6. Unitrin ($1,953.00 / year)
7. Metropolitan ($2,175.00 / year)
8. Western National ($2,182.00 / year)
9. Farm Bureau Ins of MI ($2,405.00 / year)
10. Nationwide ($2,494.00 / year)

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