CTAudiProspect

What are you all paying for fixed annual costs for your cars? I was about to pull the trigger on a 2020 S8 but insurance came back at $ 3,200 a year just for the one car. I pay about $ 600 a year for full coverage on a luxury truck and I pay $ 500 a year for full coverage on a luxury convertible. I have no driving record, no claims, no tickets. Just feels excessive. The insurance agent priced it around and that was the best price.

Add in that Connecticut requires property taxes to be paid annually on cars (property taxes were $ 2,300 a year) and I was at $ 5,500 a year in fixed costs (insurance & taxes). That doesn't include gas or maintenance (which any car requires). It's a nice car and I know my work commute was going to be a blast in it but I don't know if it was $ 500 a month in fixed cost good.

I was going to pay cash for the car so no monthly car payment, only the fixed costs would need to be budgeted for each month. Those fixed costs seem excessive. The fixed annual cost for my truck is $ 1,500 a year so this car would be more than 3x the cost of my truck.

angrypengu

$1300/yr for insurance. full coverage (all perils) and $2M liability

aeggroup

Currently all Insurance prices are going thru the roof. I'm in Brooklyn NY and pay $6k annually for 2 cars. Clean record, no tickets. It used to be much cheaper, but not anymore.

Anmol Singh Sandhu

$4600 CAD/ year for full coverage insurance(1 million liability) plus $60 CAD/year for registration.
Insurance is high for me as I am 23. No tickets or claims.

superswiss

These things are hard to compare, because each state and region has its unique aspects. Property tax on cars is not something that all states do. Here in California we don't pay property tax on cars. The registration fee has gone up, though and it's based on the market value of the car. Last registration renewal for my 2019 AMG was $700 and $160 for my wife's 2004 VW. Insurance is currently at $2800 per year for both cars, but I dropped comprehensive on the wife's car. No longer worth it, so $2400 per year for just the AMG. That's slightly up from when it was new due to the new car discount for the first 3 years. Otherwise it really hasn't gone up much. Just got the renewal for the next 6 months and the premium is unchanged. I've heard from others that insurance premiums have gone up for them, but not for me so far. Sure they've gone up over the last 10 years, but what hasn't? Not double or triple like some are reporting, though.

Really comes down to how the car is used and the claims and risks statistics for your area. Modern cars get more and more expensive to repair due to all the electronics in them and Audi doesn't have the best quality reputation. Cars used for commuting seem to get the brunt of it, because their risk is much higher. I don't commute and my mileage is only about 5000 miles per year and about 3000 miles for my wife's car, so our cars are rated subclass and leisure only, which puts them into a much lower risk category. An S8 is while not an RS still a performance model and sounds like yours is used for commuting, so that probably puts it in one of the highest risk classes.

subterFUSE

It's not really an apples to apples comparison unless someone else is also living in your state.

But my insurance on my new 2023 S8 (leased, daily driver, 12k annual miles, with GAP) is $2300 annual.

My state does not charge sales tax on cars, so I had a tax savings benefit there. We do have property tax annually. Mine was $1300 for first year. It goes down every year based on depreciation.

I own a second home in Florida, and now that my car is 6 months old I have the option to move my registration there (without paying sales tax) and I would end the property tax on the car. FL has no prop tax on cars.
However, the insurance in Florida is more expensive so it's actually cheaper to stay registered in SC and pay the property taxes.

Pathfinder11

'20 S8.. I pay over 5k yr for insurance on it in sfl

subterFUSE

Yeah, FL insurance is crazy high. That's why I keep my cars registered in SC. Just not worth it moving them over.