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Sports Car Auto Insurance

Things to Remember

  • One of the top seven auto insurance factors that insurance companies consider is the kind of car you drive.
  • Insurance companies classify a vehicle as a sports car by looking at the number of cylinders, the horsepower, the make and model, the vehicle’s weight, and the height.
  • Sports cars are smaller and lighter than regular sedans, so they move very quickly and are highly maneuverable.
  • Even if you are a safe sports car driver with a clean driving record, you will still pay more for auto insurance than with a standard vehicle.
  • Sports cars run a higher risk of theft.

Does having a sports car increase your insurance? Sports car auto insurance is more expensive because these drivers are statistically more likely to drive faster and therefore cause accidents, which are factors that affect auto insurance rates.

What is considered a sports car by insurance companies? Traditionally, a sports car has two seats, a softback, and race quality performance.

Sports cars and higher-end make and models are at a higher risk of theft, which means comprehensive coverage is more expensive for owners of these types of vehicles. Sports car auto insurance costs are even higher for younger drivers.

If you want to buy cheap auto insurance for young drivers—such as sports car auto insurance for under 25-year-old drivers, 19-year-olds, and especially 16-year-old drivers—don’t buy the first sports car auto insurance policy you are quoted.

Start comparison shopping today by entering your ZIP code to get sports car auto insurance quotes near you.

Table of Contents

What cars are considered sports cars by insurance?

The car’s size can actually have a direct correlation with the price that you will pay for auto insurance. Drivers everywhere may ask, is a coupe a sports car? Is a Mini Cooper considered a sports car for insurance purposes? What is considered a sports car?

When you are talking about a sports car or any smaller car, statistics have shown that these are likely to be driven faster than larger cars. This statistic makes them more likely to be involved in auto accidents, have traffic citations, and so on.

A bigger car, such as an SUV or a minivan, is actually going to have lower rates.

Bigger cars have lower auto insurance rates because larger vehicles fare much better in accidents. The liability limit space may actually make the rate higher for these cars, as your liability could be higher due to increased damage caused by your car.

Just to give you an idea of what auto insurance will cost, let’s look at the rates for the cheapest sports cars to insure.

Average Auto Insurance Rates for the Cheapest Sports Cars to Insure
Vehicle Make and ModelAverage Monthly Full Coverage RatesAverage Annual Full Coverage Rates
Mazda MX-5$97.83$1,174
Subaru BRZ$111.17$1,334
BMW Z4 Roadster$120.33$1,444
Fiat 124 Spider$130.17$1,562
Chevrolet Corvette Stingray$149.17$1,790
Compare RatesStart Now →

If you drive a more expensive sports car, your rates can be considerably higher.

How do insurance companies decide if your vehicle is a sports car?

Is a Honda Accord coupe considered a sports car? Is a Dodge Challenger considered a sports car? Some models may be considered sports cars by one company and regular vehicles by another. There are some items insurance providers look at to determine which cars fall under the sports car classification.

What makes a car a sports car? Let’s take a look!

Make & Model

Looking at both the make and the model of a vehicle is a big determining factor.

For vehicles with higher than average horsepower in the engine, the insurance company will likely need to check out the car specs to determine if your rates will increase.

Number of Cylinders

In any case, a vehicle with eight cylinders will cost more to insure than one with four cylinders. But sports cars usually have more cylinders because they are high-performance vehicles with lots of power.

The Body Height & Weight

Insurance companies will also look at the height and weight of a vehicle. Sports cars are smaller and lighter than regular sedans, so they are quick and highly maneuverable.

Sports cars are usually coupe-style cars with two doors and are two-seater vehicles.

According to the auto insurance companies’ definition, there are several exceptions, such as the Aston Martin Rapide S and the Dodge Charger SRT Hellcat.

These are fast cars with four doors and more than two seats which often require higher coverage and are usually classified as sports cars for insurance purposes.

According to Hot Cars, a few of the most expensive cars to insure are the BMW 4 Series, Mitsubishi Lancer, and the Mercedes Benz S Class.

Is the Dodge Charger a sports cars on insurance? Yes. Are Ford Mustangs considered sports cars for insurance? Yes. Is a Camaro considered a sports car for insurance? Yes.

What about a Corvette, Challenger, Ferrari, Lamborghini, and Porsche? Yes. Those are easy. But here’s where it gets more complicated: What about a Mini Cooper? Or a Dodge Dart?

Is a Mitsubishi Eclipse considered a sports car for insurance? Is a Nissan Maxima considerd a sports car? These are more difficult.

The best way to get specific rate details is to compare quotes with the vehicle’s exact make and model. Shop around to find the cheapest sports car auto insurance rates.

Sports Car Auto Insurance 

How much does sports car auto insurance cost?

Getting auto insurance for your sports car can be expensive. That’s why it’s essential to shop around and compare sports car auto insurance rates for your vehicle to get the best deal.

Here are a few factors to consider when you compare the average auto insurance cost:

  • The car that you drive has a direct impact on the rate you pay for insurance
  • Smaller sports cars with more horsepower present higher risks for insurers
  • Compare prices across the market to get the insurance you need at a rate that offers value

When you’re in the market for a new car, you’re probably thinking about the car’s price, what your monthly payment is going to be, and your ideal car.

You may be thinking about the impact that the car is going to have on your insurance policy. The vehicle that you drive has an effect on the auto insurance rates that you pay. This cost will only be amplified if you are driving around in a shiny new sports car.

You want to always be considering auto insurance costs when you are shopping for a new car, whether it is new or used.

When you’re figuring out what your car’s total ownership cost will be, think about the vehicle, its maintenance needs, related excise taxes, and auto insurance rate.

What is it about the specific car that can have an impact on your auto insurance?

Many things can come into play that can all impact your auto insurance rate. It’s just about understanding the linkage.

Why is auto insurance more expensive for sports car drivers?

Sports car drivers are more likely to drive recklessly and fast, which leads to more of a chance of damage done to the owner’s vehicle, other drivers’ cars, and property damage. Not to mention the possibility of high medical bills in the event of bodily injury.

The auto insurance company checks your driving record as well. How much does a sports car raise your insurance if your driving record isn’t clean?

Even if you are a safe sports car driver with a clean driving record, you will still pay more for auto insurance than a standard vehicle.

However, they may take this into account when determining the cost of your auto insurance. The fact that you have a habit of driving safely even with a fast and powerful vehicle can mean discounts on your policy.

Let’s look at average annual rates based on your driving history to see just how accidents and tickets can raise your rates.

Average Annual Auto Insurance Rates Based on Driving History
Insurance CompaniesAverage Annual Rates with a Clean RecordAverage Annual Rates with One AccidentAverage Annual Rates with One DUIAverage Annual Rates with One Speeding Violation
American Family$2,693.61$3,722.75$4,330.24$3,025.74
State Farm$2,821.18$3,396.01$3,636.80$3,186.01
Liberty Mutual$4,774.30$6,204.78$7,613.48$5,701.26
Compare RatesStart Now →

Just one accident can raise your rates around $80 a month. Now imagine that on top of the already higher rates for a sports car and you can see how easily your rates can skyrocket.

Sports cars with low insurance rates often have drivers with clean driving records and minimal traffic violations. However, low insurance rates for sports cars depend on many factors.

Sports cars are more likely to be stolen and vandalized. Comprehensive coverage, which covers theft and vandalism, will be more pricey than it would be for a less valuable or desirable vehicle.

Vehicle theft can cause a significant amount of damage. When vehicles are found deserted by the thief, parts are usually broken or missing, and the interior may need some attention as well.

Parts for sports cars can be costly, so auto insurance companies need to have a way to keep themselves protected against extremely high repair costs.

They protect themselves by requiring more for a sports car owner’s policy.

Since the definition of a sports car varies by the insurance company, be sure to compare several options before choosing a policy.

Can I get multiple auto insurance quotes? Yes, you could end up saving yourself money by getting a quote from various insurance companies at once.

Free Auto Insurance Comparison

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How can I find the best sports car auto insurance?

What sports car has the cheapest insurance?

The cheapest sports car to insure in 2019 was the 2013 Chevrolet Corvette Z06 at $188.25/month. The average sports car auto insurance rates are $200/month.

  • As one would expect, it is most often more expensive to insure a sports car than the typical four-door family sedan
  • This type of insurance allows the company and vehicle owner to set an “agreed value” for the car and its total replacement cost
  • Typically, there are several discounts available through your current provider if you look for them and inquire about them

When we asked drivers to describe what they think of when they hear the term “sports car,” the average driver on the street today named a Ferrari, Mustang, or classic Camaro.

The Ferrari may be a sports car, but it’s more exotic to auto insurance companies. Therefore, you’ll need to look into exotic car auto insurance for an accurate auto insurance quote.

However, the truth is that the definition of a sports car can vary a great deal between any two given auto insurance companies or vary from state to state.

Generally speaking, the most significant factors in classifying a car as a “sports car” include engine size, number of cylinders, horsepower, or engine modifications.

There are also smaller, more subtle factors to be considered as well, including:

  • Number of doors
  • Gross weight of the vehicle
  • Aftermarket racing-style upgrades, such as suspension or tires
  • Convertible tops
  • Flashy, custom paint or wheels

How much higher is the best insurance for sports cars with more power?

A major component to consider when purchasing a sports car is insurance, a bigger part of the cost of driving a car than most realize.

This is for obvious reasons; the added horsepower or larger engine allows the vehicle to go faster than other cars on the road. With this added speed comes the risk of accidents involving both people and property.

There is also a higher incidence of theft with sports cars, and replacement costs are a larger burden for the insurance company to manage.

The good news is that there are many ways for the consumer to beat the higher cost of sports car auto insurance.

What cars are the most expensive to insure?

How much is insurance for a sports car that is high-end?

The high-end sports cars available out on the market will carry the highest rate amounts.

When you are talking about a sports car, you are probably talking about a vehicle that has a very high MSRP.

The MSRP, the higher it goes, will also cause the auto insurance rate to go up. The higher rate is due to the car needing to be covered fully for its value should something happen to it.

When you have a totaled sports car, it will cost your insurance company higher than average costs to replace it.

When you increase your insurance limits so that you are repaid in the event of a loss, you’re going to pay more for auto insurance rates.

Think about things such as the motor that is in your sports car.

More horsepower under the hood of your car tells the insurance companies out there that you’re going to drive at a faster speed than someone in a small four-cylinder compact ride.

The auto insurance rate will reflect the insurance company’s thought process and will be higher as a result.

The car that you drive will have a direct impact on the rate that you pay to insure the automobile. When you are talking about a sports car, you have to think about the higher likelihood that you present to an insurer for driving fast, driving recklessly, or even recreationally.

Due to this increased risk, the auto insurance rate will have to be amped up to cover the exposure you present.

Be sure to make price comparisons as some insurers will be able to give you lower rates to cover your sports car than others.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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How does age affect sports car auto insurance?

Sports car auto insurance for young drivers under 21 is massively expensive. Auto insurance on a sports car for teen drivers and young adults is close to the cost of high-risk drivers. When you factor the value and performance of a sports car or exotic car, auto insurance rates can increase by thousands.

The younger you are, the higher the auto insurance on sports cars. Therefore, sports car auto insurance for 18-year-old drivers would be more expensive than a 21-year-old driver who owns a sports car.

Customers argue that the cheapest insurance for sports cars is GEICO.

Auto insurance for sports cars for drivers under 25-years old can cost up to $3,000 per year for liability-only insurance and up to $12,000 per year for full coverage.

Lowering Your Auto Insurance for Your Sports Car

Now that we’ve seen how much more sports car auto insurance is, let’s talk about how to get those rates down.

One way to keep your rates low is to look for any available auto insurance discounts. Keep reading to learn more about how to get your rates down.

How can networking with other sports car owners help?

This technique can help save on auto insurance as well.

Start with the dealer or the person you purchased the car from. In the case of an individual, ask who their insurance provider was.

A dealer who sells high-end vehicles every week is almost sure to have a relationship with individual insurance companies.

Ask them whom they can recommend and if you are eligible for a “family and friends” discount. At the very least, it certainly cannot hurt to ask.

Also, don’t overlook any local car clubs in your area that might be able to offer assistance.

What niche markets are there?

Some auto insurance companies specialize in providing insurance for antique, classic, or “muscle cars.”

This smaller niche market allows for customized insurance for unique vehicles. It provides coverage for a given vehicle’s actual value, not just the standard “blue book” value for that particular year’s car.

This type of insurance allows the company and vehicle owner to set an “agreed value” for the car and its total replacement cost. Deductibles can be tailored as well.

Will defensive driving class help auto insurance rates?

This is a surefire way to help with lowering auto insurance costs. The average insurance company will allow for up to a 10% discount on the liability portion of your auto insurance.

Typically, these courses are offered as a six-hour session, and some insurers even offer them online. The registration fee for this course will pay for itself in no time.

What discounts can you get from your current insurance provider?

Before buying your dream car, a sit-down meeting with your current insurance agent would be a wise choice. Typically, there are several discounts available through your current provider if you look for them and inquire about them.

According to the National Safety Council, discounts are available for combining policies, car safety features, or having a good driving record.

One or two moving violations can quickly add up to a few points on your license and result in increased rates.

Other discounts to look for are low annual mileage discounts, good student discounts, or automatic drafts from your checking account that can earn you a discount.

Installation of an anti-theft device and alarm systems can put money back in your pocket as well.

Things to Consider When Buying Sports Car Auto Insurance

There are many factors that determine your auto insurance rate. We’ve already talked about how the type of car you drive and your driving record affect your auto insurance rates.

Other factors like your age, credit score, where you live, and even your gender will impact your rates as well.

Not all companies will charge the same rates based on all of those factors. In fact, in some states, companies can’t even consider your gender or credit score when writing a policy.

How to Pick the Best Sports Car Auto Insurance Companies

Price is not the only thing to consider when looking for an auto insurance company.

Check out ratings with A.M. Best and J.D. Power to see how financially stable the company is and how they rate for customer service.

Also, spend some time checking out the company website and app to see how user-friendly it is.

Can you use online search tools to buy affordable sports car auto insurance?

This technique is probably a given in our wired society today. Several websites are available to the consumer to help one shop for cheap auto insurance for sports cars.

From the comfort of your home, you can compare quotes from dozens of different insurance companies quite easily. Most of these online tools will allow you to customize your information to match your particular situation.

Information regarding engine size, mileage, number of miles driven per year, etc. are also variables that one can enter to compare different scenarios.

With some of these sites, proof of insurance can be instantly available and printed immediately, providing peace of mind for the driver and their dream machine.

Oh, and be sure to give your baby a nice crib to sleep in. A sports car that is garaged overnight is going to earn a discount as well!

Looking to compare monthly vs. annual rates? One can compare possible savings almost instantly and buy auto insurance for sports cars just as quickly.

Which sports car auto insurance company is right for you? Find affordable sports car auto insurance rates near you. Enter your ZIP code to start getting quotes and find affordable sports car auto insurance near you today.


  1. https://mycardoeswhat.org/safety-features/
  2. https://www.hotcars.com/supercars-insure-expensive-ranked/

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