That breaks down to about $4,188 per month.
A bunch of cars and crossovers debuted at this year's New York Auto Show – the Ford Escape, Lincoln Corsair, Hyundai Venue, and Mercedes-Benz GLC Coupe, among others. But before a lot of these cars go on sale, the website ValuePenguin breaks down how much each new model could cost owners in insurance annually.
The Mercedes-Benz GLC 300 coupe, the most expensive of the vehicles mentioned, asks $1,842 per year. The Lincoln Corsair asks $1,605 per year, the Hyundai Venue costs $1,250 per year, and the Ford Escape – the most economical of the bunch – asks just $1,051 per year. But one New York debut not mentioned trumps them all: the Bugatti Chiron Sport "110 Ans."
Gallery: Bugatti Chiron Sport 110 ans Bugatti
The Bugatti Chiron Sport "110 Ans" edition debuted quietly weeks ahead of the New York Auto Show and made its way to the Javits Center shortly thereafter. With an asking price of $3,260,000, it's not only one of the most expensive new cars on sale, but handily one of the most expensive new cars to insure, too.
With a 10-percent down payment ($326,000) and a 1.54-percent insurance-to-MSRP ratio, the Chiron Sport 110 Ans costs owners $50,251 annually in insurance rates, or $4,188 per month. The cost of insuring the Bugatti Chiron 110 Ans costs more than buying two Hyundai Kona crossovers (at $19,240) and insuring them for a year, says ValuePenguin.
But really, did you expect a Bugatti to be affordable? The Chiron Sport 110 Ans wields a quad-turbocharged W16 engine good for 1,479 horsepower (1,102 kilowatts) and 1,180 pound-feet (1,500 Newton-meters) of torque. It's rare, too; Bugatti will build just 20 examples of the 110 Ans model – most of which, we assume, already have owners.