Sports #CAR INSURANCE Cost
Since sports cars usually cost higher than conventional types of vehicles, insuring the former is also more expensive than the latter – consider the repair costs alone. In fact, the estimated sports car insurance rates can range from $1,200 to $2,200 per year, while the estimated premiums of a car insurance run from $570 to $1,260 per year.
Sports Car Insurance | How Much Does it Cost? [Best Rates + Discounts] Insurance. Whether it’s for nostalgia or a high-performance engine, owning a sports car can bring a lot of enjoyment. There is a variety of coverage and price points available from a multitude of insurance providers. The cost of insurance for a sports car will vary, depending on the type of car, who will be driving the vehicle, the state of occupancy and other factors. As you may have guessed, a sports car is typically more expensive to insure than a regular compact or SUV.
How much does insurance cost for a sports car? The average monthly cost of car insurance is in the $200 range, depending on the car model. That puts the average annual insurance cost upwards of $2,400 for most sports cars, much higher than the average $1,300 for most car models. Given the range in price for sports cars from tens of thousands up to over a million dollars, the cost to insure a sports car can vary wildly.
There is a massive variation in sports car insurance costs. While gathering car insurance quotes, you’ll find insurance premiums all along the price spectrum. In addition to the different types of coverage included in the price quote, insurance companies consider many other variables that relate specifically to your high-end vehicle.
Affordable sports car insurance is possible. You must shop around to find out how to lower sports car insurance. Shopping for a free quote online at CarInsuranceQuotes.com is an easy and free way to find the cheapest sports car insurance rates that are available to you. Before making a decision on buying a vehicle, feel free to get a car insurance quote on our website.
As you can see, the cost to insure a sports car as Jeff’s primary vehicle has increased his insurance policy’s premium, but in our test instance not by much–$132 for the year. Actual quotes may vary based on factors specific to you. While it's still a moderately priced sports car, insurance runs a little more expensive than vehicles at a similar price point, coming in at around $2,057 per year on average. However, both USAA and Farmers offer competitive rates that come in below the national average.
Find out how buying a sports car impacts on your car insurance, from cost to cover. What to look for in an insurance policy on a sports car. There’s nothing specific you need to look for in an insurance policy on a sports car, per se, but it’s always a good idea to read the policy wording in advance if you have anything specific you want covered.
Car insurance for sports cars are high because of the value of the replacement parts and the younger drivers who tend to drive them. Expect to pay up to $1,500 a year for car insurance. 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.
So, there is no doubt that a sports car would have higher insurance cost than a sedan. Whether it is the temperament of the driver or the design of the car, such cars mostly perform best when driven fast. The fast speed of the sports car makes it unsafe on the roads and calls for more risk. Insurance is based highly on risk, so the more often you drive, the higher of a risk you are to your insurance company. An average driver with a good driving record can expect to pay around $800 for a standard vehicle. Switch that to a sports car and you're looking at an average of $1500 a year.
What is sports car insurance? Insurance for sports cars is much like any other car insurance policy, and it’s likely you won’t need to find a specialist insurer.However, sports cars are inevitably classed in the highest insurance groups – and because they are involved in accidents more often and because replacement parts cost a lot, cover for sports cars is much more expensive than normal.
The cost of sports car insurance will vary from driver to driver. The make, model, year, features, and price will affect rates. Additionally, standard factors such as location, age, and driving history will also be factored in when calculating rates. The price of auto insurance for sports cars may seem abnormally high compared to the average sedan. There are a number of factors that contribute to the high price tag for sports car insurance including the high risk for accidents due to speed, the cost of expensive repair parts, and the increased risk of theft.
