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Rolls-Royce Phantom car insurance rates
Consider a specialty policy to go with your custom-made sedan or coupe.
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Car insurance for a Phantom
Insurance rates for this luxurious ride are around $1,427 per month or $17,124 per year. That rate stands well above other luxury sedans, like the Maserati Quattroporte at $5,196 per year, and even above sports and supercars like the Ferrari GTC4 Lusso at $11,436 per year. Look into a policy that’ll cover any top-dollar damage to your customized car.
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Compare car insurance for your Rolls-Royce Phantom
How much does Phantom car insurance cost?
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How do I compare insurance for the Phantom?
The Phantom stands at the top end of its luxury class with a sale price to match — and that means your insurance company needs more money to cover you for an accident. Expect rates well above average, even for a luxury car.
These factors lend the Phantom to its sky-high premium:
- MSRP. The Phantom’s half-million-dollar price tag means insurance companies need more money to get your car back into shape after an accident.
- Coverage. This luxury ride may warrant luxury car insurance, offering the agreed value coverage and higher limits your car might need. In addition, consider uninsured/underinsured motorist, umbrella and gap insurance if not provided in a specialty policy to cover all damage incurred during an accident.
- Body type. The Phantom might be called a sedan or coupe, but its full-sized body and luxury class keep it at the top end of the insurance range.
- Powerful engine. Although not a sports car by nature, the Phantom does come with a powerful 563-horsepower engine, making it a candidate for high-speed risk.
- Insurer options. Getting the right luxury car insurance to meet your needs limits your options, but it may be worth the exchange in quality service and coverage.
- Maintenance. This car may need babying from a Rolls-Royce expert with access to its European-imported parts, making it more costly to service than other cars. However, all new cars from the company come with a four-year warranty with maintenance and servicing included.
- Warranty. Every new Rolls-Royce car owner receives a four-year, unlimited mileage warranty that goes above and beyond with maintenance, servicing and roadside assistance included.
- Fuel. Because it’s a full-sized car, the Phantom’s fuel economy is only rated at 14 mpg combined.
- Theft. On the plus side for both car owners and insurers, the Phantom has a nonexistent theft history.
Does the Rolls-Royce Phantom qualify for discounts?
Although you’re likely to have a high rate no matter what, the Phantom includes a few reasons you could get safety discounts:
- Antilock brakes
- Antiroll bars
- Antitheft device
- Antiwhiplash restraints
- Forward collision warning
- Lane departure warning
- Seatbelt pretensioners
- Stability control
Why is insurance so expensive for the Rolls-Royce Phantom?
The Rolls-Royce Phantom costs more to insure because it’s a highly customized luxury car at the top end of its class and requires expensive European-imported parts. Also, it embodies a strong engine making it a high-speed risk to insurers.
How reliable is the Rolls-Royce Phantom?
While not reviewed by leading safety organizations, the Phantom is considered safe and reliable for owners across its lifespan. It does include a few past recalls, but this car’s long production history is a testament to its popularity and reliability for luxury car owners:
- Safety. This luxury car isn’t yet rated by the IIHS or NHTSA, possibly because consumers opt for less expensive cars for everyday use.
- Reliability. In addition to the Phantom’s four-year maintenance and service warranty, the car is also viewed as reliable by car owners and experts. However, keep in mind that Rolls-Royce parts are expensive when the car needs repairs.
- Recalls. Older models have a few recalls, including airbags, brakes and a safety device that prevents misfueling the vehicle — all of which pose safety concerns. However, these problems appear resolved in newer versions.
The Rolls-Royce Phantom keeps an elite status among luxury cars for its top-of-line features and long production history. However, expect the highest car insurance rates among luxury cars to mirror the car’s ticket price and coverage needs.
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