Why is import car insurance more expensive than domestic?
The thing about Grey Imports is that it’s harder for the insurance provider to predict how much of a risk they’re taking to insure them. If your fancy American muscle car suffers an engine problem, are the parts to repair it even available? Will it need a specialist garage? For example, if you have an expensive car and a set of tyres is therefore also expensive, will you be tempted to get them changed less often than you should?
Any uncertainty that exists means that the insurance provider must charge more, because they must be prepared to pay out more if (and when) something goes wrong.