Every time you’re thrilled by an amazing Formula 1 crash, be thankful the repair costs are not claimed on your car insurance.
Going fast is something F1 cars do better than any other vehicle. They’re like rockets strapped to wheels, strapped to completely crazy humans. The top teams spend upwards of $450 million a year on the championship, sparing no expense in eking out an extra hundredth of a second from every corner. It makes you wonder what it costs when, in pursuit of that micro-second advantage, they have a crash. A bump. A jolt. A loving embrace with a foot-thick concrete wall.
| Part | Repair cost |
|---|---|
| Engine | $1,500,000 |
| Carbon fiber monocoque chassis | $650,000 |
| Gearbox | $480,000 |
| Cooling system | $160,000 |
| Front wing & nose cone | $160,000 |
| Hydraulics | $160,000 |
| Suspension | $150,000 |
| Telemetry software | $130,000 |
| Fuel tank & assembly | $110,000 |
| Rear wing & DRS overtaking aid | $80,000 |
| Steering wheel | $50,000 |
| Exhaust | $25,000 |
| Brake disc & pad | $4,500 |
| Tires | $2,000 |
Bottom line
If you’re thinking of picking up an F1 car on eBay any time soon, consider some of the costs simply for the raw parts. We shudder at the thought of adding labor expenses or even car insurance to the total.
Get the cheapest quotes
Compare car insurance companies near you.
Your information is secure.