The Best Cheap Car Insurance for Sports Cars (2022)
Table of Contents
Key
Takeaways
The cost of sports car insurance varies between providers. Taking the prison term to gather and compare quotes can result in savings deserving respective hundreds of dollars .
There is no single best company offer car insurance for sports cars. The supplier with the best bum sports car insurance for you depends on what character of vehicle you drive .
Although policy for sports cars is undeniably more expensive than standard vehicles, utilizing discounts, raising your deductible or storing your fomite when you aren ’ thyroxine driving it can reduce your premiums. Loading …
The Cheapest Sports Cars to Insure
The cost of policy for sports cars varies by vehicle. For example, if you have a BMW i8, your annual agio would be approximately $ 2,810. If you drive a Ford Mustang, you ’ ll pay $ 1,239 less for coverage, on average. Excluding the Dodge Challenger SRT Hellcat, the average sports car policy premium is $ 1,726 per year. The table under shows how much it takes to insure different models of sports cars.
Cheapest Sports Cars to Insure
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- Sports Car modal annual cost of insurance
- 1. Porsche Taycan $ 1,178
- 2. Nissan 350Z $ 1,197
- 3. Ford Mustang EcoBoost $ 1,359
- 4. Subaru WRX $ 1,442
- 5. Chevrolet Camaro LS $ 1,462
- 6. Subaru BRZ $ 1,495
- 7. Chevrolet Camaro SS $ 1,525
- 8. Dodge Challenger R/T $ 1,553
- 9. Ford Mustang GT $ 1,571
- 10. Toyota 86 $ 1,629
- 11. Chevrolet Corvette $ 1,680
- 12. Ford Mustang Mach-E $ 1,784
- 13. Chevrolet Camaro ZL1 $ 1,941
- 14. Dodge Challenger SRT Hellcat $ 2,512
- 15. Nissan GT-R $ 2,520
- 16. BMW i8 $ 2,810
The Best Cheap Sports Car Insurance by Vehicle
Finding the most low-cost aircraft carrier for your vehicle is crucial because indemnity costs can vary wide between different sports cars and providers. MoneyGeek compiled a list of some of the most popular sports cars and analyze quotes from insurers to find the best cheap supplier for each vehicle.
Table of Contents
Porsche Taycan
Best Cheap Sports Car Insurance Option: GEICO first on our tilt is the Porsche Taycan. It ’ randomness one of the best sports cars in the market with cheap indemnity rates. MoneyGeek compared assorted carriers and found that GEICO offers the best brassy sports car policy for the Porsche Taycan. With an average annual premium of $ 981, it has the most low-cost indemnity for this sports cable car. This rate is $ 551 less than that offered by the most expensive supplier — Allstate — at $ 1,532 per year. Our inner rate organization looks beyond affordability and considers early factors, such as a provider ’ s fiscal lastingness. GEICO besides received a perfect score in this sphere. It means they ’ ll have no problems reimbursing legalize claims.
Porsche Taycan Insurance Rates
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- insurance company median annual monetary value
- 1. GEICO $ 981
- 2. USAA $ 1,029
- 3. submit grow $ 1,073
- 4. Allied $ 1,164
- 5. nationally $ 1,210
- 6. progressive $ 1,249
- 7. Allstate $ 1,532
Nissan 350Z
Best Cheap Sports Car Insurance Option: GEICO You can purchase the best brassy sports car policy for the Nissan 350Z from GEICO. They rated high on affordability since their policy alone costs $ 1,128 per year on average — that ’ second $ 466 less expensive than Allstate ’ s average rate of $ 1,431. GEICO besides had a perfect score in fiscal intensity, which means the likelihood that they ’ ll calm be operating when you file a claim is gamey — even if it happens years from now. Another mailman offer cheap car policy for this sports car is USAA, but their policies are merely available to former and current military members and their families.
Nissan 350Z Insurance Rates
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- insurance company average annual cost
- 1. USAA $ 965
- 2. GEICO $ 1,128
- 3. state of matter farm $ 1,184
- 4. nationally $ 1,185
- 5. progressive $ 1,253
- 6. Allied $ 1,273
- 7. Allstate $ 1,431
Ford Mustang EcoBoost
Best Cheap Sports Car Insurance Option: Progressive MoneyGeek evaluated several carriers offering policies for the Ford Mustang EcoBoost. Our analysis showed Progressive has the best cheap insurance for this sports car. For $ 1,178 per year on average, Progressive ’ mho eminent fiscal lastingness ratings can assure you that they ‘ll process your claim efficiently and objectively. Of the assorted areas MoneyGeek used to evaluate providers, Progressive besides scored high in complaints ( meaning they received fewer than average ) and affordability. coverage with Progressive costs $ 694 less than it does with Allied, the most expensive provider for this fomite. USAA offers a lower annual premium at $ 1,076, but its policies are alone available to former and current military members and their families.
Ford Mustang EcoBoost Insurance Rates
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- insurance company average annual cost
- 1. USAA $ 1,076
- 2. progressive $ 1,178
- 3. GEICO $ 1,187
- 4. state of matter grow $ 1,342
- 5. nationally $ 1,571
- 6. Allstate $ 1,657
- 7. Allied $ 1,872
Subaru WRX
Best Cheap Sports Car Insurance Option: GEICO You can find bum sports cable car indemnity from respective companies. When it comes to the Subaru WRX, GEICO is your best bet. In addition to offering the cheapest, wide available rates for this vehicle at $ 1,155 per year, GEICO besides received a perfective score for fiscal stability. GEICO ’ south premium is importantly less expensive than Allied ’ s — the most costly provider for this vehicle at $ 1,995 per year. If you come from a military background, USAA is another solid option. You can purchase a policy for an annual rate of $ 1,136.
Subaru WRX Insurance Rates
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- insurance company average annual monetary value
- 1. USAA $ 1,076
- 2. progressive $ 1,178
- 3. GEICO $ 1,187
- 4. state of matter farm $ 1,342
- 5. nationally $ 1,571
- 6. Allstate $ 1,657
- 7. Allied $ 1,872
Chevrolet Camaro LS
Best Cheap Sports Car Insurance Option: GEICO With a $ 1,339 modal annual bounty, GEICO is a solid option if you ’ rhenium looking for cheap sports car indemnity for the Chevrolet Camaro LS. Compare this cost to that offered by Allstate — the most expensive provider for this car — at $ 1,789 per year. MoneyGeek ’ second analysis showed that GEICO scored high in two specific areas — affordability and fiscal constancy. Among the providers MoneyGeek evaluated, USAA besides offers brassy sports car insurance. Their rate is lower than GEICO ’ south, but you can alone purchase coverage with them if you have a military setting.
Chevrolet Camaro LS Insurance Rates
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- insurance company modal annual cost
- 1. USAA $ 1,139
- 2. GEICO $ 1,339
- 3. liberal $ 1,355
- 4. countrywide $ 1,495
- 5. country farm $ 1,540
- 6. Allied $ 1,704
- 7. Allstate $ 1,789
Subaru BRZ
Best Cheap Sports Car Insurance Option: GEICO On average, the cost of sports car indemnity for the Subaru BRZ is $ 1,495 per year. MoneyGeek compared quotes from multiple providers and found respective that offered policies with rates lower than that. GEICO offers the cheap policy coverage for this vehicle at $ 1,155 per class, on average. The difference between GEICO ’ second coverage and Allied ’ mho, the most expensive provider, was $ 937. This dramatic difference illustrates the importance of comparing rates and finding the cheapest coverage for you.
Subaru BRZ Insurance Rates
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- insurance company average annual cost
- 1. GEICO $ 1,155
- 2. USAA $ 1,172
- 3. progressive $ 1,210
- 4. state farm $ 1,609
- 5. countrywide $ 1,645
- 6. Allstate $ 1,946
- 7. Allied $ 2,092
Chevrolet Camaro SS
Best Cheap Sports Car Insurance Option: GEICO GEICO offers the most low-cost indemnity for the Chevrolet Camaro SS at an modal rate of $ 1,396 per year. Allied, the most expensive insurance company for this vehicle, charges $ 1,776 for the lapp coverage, meaning you could save $ 610 by purchasing policy from GEICO. Another option for cheap sports car indemnity is USAA, with a policy costing $ 1,166. however, keep in mind that their indemnity is only available to stream and former military members and their families.
Chevrolet Camaro SS Insurance Rates
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- insurance company average annual cost
- 1. USAA $ 1,166
- 2. GEICO $ 1,396
- 3. progressive $ 1,472
- 4. countrywide $ 1,551
- 5. department of state farm $ 1,682
- 6. Allstate $ 1,769
- 7. Allied $ 1,776
Dodge Challenger R/T
Best Cheap Sports Car Insurance Option: GEICO MoneyGeek compared respective policies from unlike providers and found GEICO to offer the best cheap sports car policy for the Dodge Challenger R/T. With an annual average agio of $ 1,460, it ’ south no surprise that GEICO scored high gear in affordability. On median, a policy with GEICO is $ 393 less expensive than coverage with the most expensive insurance company, Allstate. USAA is the cheapest sports car insurance option for this vehicle, but their policies are only available to current and erstwhile military members.
Dodge Challenger R/T Insurance Rates
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- insurance company average annual cost
- 1. USAA
$ 1,218
- 2. GEICO $ 1,460
- 3. nationally $ 1,511
- 4. progressive $ 1,564
- 5. state farm $ 1,612
- 6. Allied $ 1,715
- 7. Allstate $ 1,853
Ford Mustang GT
Best Cheap Sports Car Insurance Option: GEICO If you ’ re looking for the caller that offers the best bum sports cable car insurance for a Ford Mustang GT, MoneyGeek ’ second discipline determined that GEICO is the acme option. With a policy costing $ 1,359 per class on average, coverage with GEICO costs $ 568 less on median than Allstate, this vehicle ’ s most expensive insurance company. USAA is another choice for cheap sports car policy. Their policy is more low-cost than GEICO ’ randomness, costing an annual rate of $ 1,298. If you belong to a military family, this may be a thoroughly choice for you.
Ford Mustang GT Insurance Rates
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- insurance company average annual price
- 1. USAA $ 1,298
- 2. GEICO $ 1,359
- 3. progressive $ 1,529
- 4. state of matter farm $ 1,582
- 5. countrywide $ 1,601
- 6. Allied $ 1,894
- 7. Allstate $ 1,927
Toyota 86
Best Cheap Sports Car Insurance Option: GEICO GEICO has the best cheap indemnity among providers, offering policies for the Toyota 86 at $ 1,261 per year. We found that Allstate is the most expensive carrier for this vehicle, charging an average of $ 2,251 annually for the like coverage. If you come from a military family, USAA is another upstanding, cheap option. Their policy has an annual premium of $ 1,184 but international relations and security network ’ thymine widely available.
Toyota 86 Insurance Rates
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- insurance company average annual cost
- 1. USAA $ 1,184
- 2. GEICO $ 1,261
- 3. progressive $ 1,445
- 4. nationally $ 1,685
- 5. state farm $ 1,703
- 6. Allied $ 2,178
- 7. Allstate $ 2,251
Chevrolet Corvette
Best Cheap Sports Car Insurance Option: Nationwide Based on MoneyGeek ’ s inner rat system, Nationwide offers the best bum car indemnity policy for a Chevrolet Corvette at $ 1,127 annually, on average. Of the four areas considered, Nationwide scores high in complaints and stability. It besides received a perfect score for affordability. This policy is $ 961 cheaper than the most expensive insurance choice — Allstate — which costs $ 2,088 per class.
Chevrolet Corvette Insurance Rates
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- insurance company median annual cost
- 1. nationally $ 1,127
- 2. Allied $ 1,354
- 3. USAA $ 1,504
- 4. progressive $ 1,598
- 5. GEICO $ 1,680
- 6. state farm $ 1,887
- 7. Allstate $ 2,088
Ford Mustang Mach-E
Best Cheap Sports Car Insurance Option: Progressive If you ’ ra driving a Ford Mustang Mach-E, your best option for low-cost policy is likely offered by Progressive. A policy for this vehicle costs $ 1,554 per year on average — that ’ mho $ 1,134 less expensive than coverage from Allstate, the most costly provider for this cable car. progressive boasts of high scores in complaints, affordability and constancy. It indicates that most users don ’ t carry dissatisfaction with how their claims are processed — so you can expect the lapp have. It ’ s presently one of the strongest national insurers, which reflects in its stability rat. The only carrier with a lower rate is USAA. Their policy costs $ 1,295 annually but international relations and security network ’ metric ton wide available. You can only purchase their policy if you have a military background.
Ford Mustang Mach-E Insurance Rates
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- insurance company average annual monetary value
- 1. USAA $ 1,295
- 2. progressive $ 1,554
- 3. country farm $ 1,564
- 4. GEICO $ 1,583
- 5. countrywide $ 1,676
- 6. Allied $ 2,341
- 7. Allstate $ 2,688
Chevrolet Camaro ZL1
Best Cheap Sports Car Insurance Option: Progressive Progressive is a solid choice if you have a Chevrolet Camaro ZL1. Among the providers MoneyGeek evaluated, it offers the best widely available, bum sports car policy policy for this fomite at $ 1,640 per year. Although Progressive offers cheap sports cable car policy for the Chevrolet ZL1, USAA ’ mho rate is $ 95 less. If you belong to a military family and qualify for coverage with this insurance company, this may be a good choice for you.
Chevrolet Camaro ZL1 Insurance Rates
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- insurance company average annual cost
- 1. USAA $ 1,545
- 2. progressive $ 1,640
- 3. nationally $ 1,655
- 4. state farm $ 1,877
- 5. GEICO $ 1,895
- 6. Allied $ 2,354
- 7. Allstate $ 2,635
Dodge Challenger SRT Hellcat
Best Cheap Sports Car Insurance Option: Nationwide The Dodge Challenger SRT Hellcat is one of the most democratic sports cars available in the market. If you ’ ra driving one and looking for where to purchase the best brassy indemnity for this sports cable car, MoneyGeek ’ mho analysis shows Nationwide is your best bet. A policy for this vehicle from Nationwide will cost you $ 1,773 per class, on average. That ’ sulfur $ 1,253 cheaper than the most expensive carrier, Allstate.
Dodge Challenger SRT Hellcat Insurance Rates
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- insurance company average annual cost
- 1. countrywide $ 1,773
- 2. state farm $ 2,150
- 3. GEICO $ 2,494
- 4. Allied $ 2,499
- 5. USAA $ 2,603
- 6. progressive $ 2,689
- 7. Allstate $ 3,026
Nissan GT-R
Best Cheap Sports Car Insurance Option: Nationwide The company with the best bum sports car indemnity for the Nissan GT-R is Nationwide at $ 1,967 per class. Nationwide ’ south policy is $ 1,601 cheaper than Allstate, the most expensive supplier for this vehicle, on average.
Nissan GT-R Insurance Rates
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- insurance company modal annual cost
- 1. nationally $ 1,967
- 2. state farm $ 2,135
- 3. progressive $ 2,214
- 4. GEICO $ 2,318
- 5. USAA $ 2,504
- 6. Allied $ 2,655
- 7. Allstate $ 3,568
BMW i8
Best Cheap Sports Car Insurance Option: Progressive last on our list is the BMW i8. You can purchase coverage from respective carriers, but the best cheap insurance for this sports cable car comes from Progressive at $ 1,750 per year, on modal. coverage from Allstate, the most expensive provider for this fomite, costs an astounding $ 2,191 more.
BMW i8 Insurance Rates
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- insurance company average annual monetary value
- 1. progressive $ 1,750
- 2. GEICO $ 2,166
- 3. state farm $ 2,525
- 4. countrywide $ 2,667
- 5. Allied $ 2,948
- 6. USAA $ 3,459
- 7. Allstate $ 3,941
How to Save on the Cost of Sports Car Insurance
indemnity coverage tends to be more expensive for sports cards. fortunately, there are several measures you can take to reduce your annual premium. 1
Shop around for the best insurance rates.
policy rates for your sports cable car will vary between providers. It international relations and security network ’ thyroxine unusual to see a dispute of respective hundreds of dollars between policies from two carriers. Shopping around for quotes gives you a better idea of the price rate and can help you choose the best policy for your budget. 2
Take advantage of bundling your policies.
Most indemnity agencies offer discounts if you purchase multiple policies with the lapp supplier. If you already have homeowners indemnity, see if your supplier can give you a lower rate if you besides get an car indemnity policy from them. 3
Ask about discounts you may qualify for.
Check what discount programs your insurance supplier offers — you ’ vitamin d be surprise to see which ones apply to you. Carriers offer money off your premium for versatile reasons. sometimes, you may be eligible for discounts based on individual characteristics, such as being a safe driver or a full student. other times, companies provide money off for safety features, like having an anti-theft device installed in your car. One of the most meaning discounts comes if you insure multiple vehicles with the same policy supplier. 4
Use an insurance comparison tool.
Requesting quotes on-line is an effective room of checking rates for different companies. You can shorten the process far by using an insurance comparison joyride. Although it won ’ thymine indicate you other premium-reduction opportunities ( such as discounts ), it can help you narrow down your research for the best cheap sports cable car insurance company. 5
Raise your deductible.
After you file a claim, your deductible is the come of money you pay out of pocket before your car insurance supplier begins helping with costs : the higher your deductible, the lower your annual premium. however, be sure to purchase a deductible that you could reasonably pay if you got into an accident. 6
Consider pay-per-mile coverage.
A traditional cable car insurance policy normally uses statistics to determine premium prices. Some insurers use a different system known as pay-as-you-drive or pay-per-mile coverage, where your premium changes based on how many miles you drive. The less you drive, the less you pay. If you don ’ t take your sports car on the road frequently, this might be an ideal, low-cost insurance option. 7
Opt for vehicle storage in the off-season.
Consider your driving habits and see if there are certain months or times of year you don ’ triiodothyronine drive your car. Some car insurance companies allow you to drop collision and liability indemnity if you ’ rhenium storing your vehicle for an extend time period ( typically 30 days or more ). temporarily dropping these coverages normally results in a lower agio since you ’ re merely paying for comprehensive examination coverage. however, if you ’ re still making payments on your cable car, this option may not be available to you.
Sports Car Insurance Frequently Asked Questions
If you own a sports car, you may have some questions about how to find low-cost coverage. These normally asked questions can provide you with more information about sports car insurance .
Compared to the cost of indemnity for a criterion vehicle, policies for sports cars are more expensive. These cars are built for speed, which makes the likelihood of hazardous driving behavior and collisions higher. They besides use more expensive parts, so carriers reimburse more for the monetary value of repairs or successor. All of these contribute to their dearly-won premiums .
The average cost of indemnity for sports cars is $ 1,726 per year on median ( excluding the Dodge Challenger SRT Hellcat ). Your agio will vary, however, depending on respective factors. These include the make and model of your car and its age. Your placement, drive record and credit score besides all affect your pace .
The ship’s company offering the best bum sports cable car insurance depends on the type of vehicle you have. MoneyGeek evaluated multiple providers and identified the best party for 13 popular sports cable car models. About the writer
Mark Fitzpatrick is a senior content director with MoneyGeek specializing in policy. Mark has years of experience analyzing the policy market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a master of Arts .
sources
- State Farm. “Long-term Car Storage: Is Your Car Prepped and Insured?.” Accessed October 22, 2021 .