How Much More Is Sports Car Insurance?
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How Much More Is Sports Car Insurance? – It’s no secret that sports cars are more expensive to insure than a regular family car.
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Introduction
It’s no secret that driving a sports car comes with higher insurance rates. But just how much more are you looking at? We’ve compiled some data to give you an idea.
On average, insuring a sports car costs about 50% more than insuring a standard vehicle. However, this number will vary depending on the make and model of your car, as well as your driving record. For example, insuring a Porsche 911 Carrera S will cost about twice as much as insuring a Honda Civic.
If you’re looking for specific numbers, the table below shows the average insurance rates for popular sports cars. As you can see, rates can range from under $2,000 per year to over $8,000 per year.
Car Average Annual Insurance Rate
Porsche 911 Carrera S $7,836
Jaguar F-Type $6,758
Chevrolet Corvette Stingray $5,698
Mercedes-Benz SL550 $5,492
Nissan 370Z $4,452
Ford Mustang GT $3,832
Subaru BRZ $3,168
Mazda MX-5 Miata $2,976
How much does sports car insurance cost?
On average, sports car insurance rates are about $400 more per year than a standard car insurance policy. Keep in mind that this is just a general average, and your rates could be higher or lower depending on your specific circumstances.
There are a few things that contribute to the higher cost of sports car insurance. First, sports cars tend to be more expensive to repair or replace than a regular car if they are involved in an accident. Second, sports cars are more likely to be stolen than other types of vehicles, so insurers consider them to be a higher risk.
Factors that affect the cost of sports car insurance
While we can’t give you an exact number, there are a few factors that affect the cost of sports car insurance. The biggest factor is the make and model of the car. Sports cars are more expensive to insure because they’re generally more expensive to repair or replace. They also tend to be involved in more accidents than other types of cars.
Other factors that affect the cost of sports car insurance include your driving record, the amount of coverage you need, and the deductible you choose. You may be able to get a discount on your premium if you have a good driving record or if you take a defensive driving course. You can also save money by choosing a higher deductible.
If you’re thinking about buying a sports car, be sure to shop around for insurance before you make your purchase. You may be surprised at how much it will cost to insure your new car.
How to get the best deal on sports car insurance
For the most part, sports car insurance is going to be more expensive than your typical sedan insurance. This is because, as a rule, sports cars are more expensive to repair or replace than a regular car. They also tend to be driven by younger and/or less experienced drivers, who statistically have more accidents.
There are some things you can do to get the best deal on sports car insurance, though. First, shop around. Get quotes from several different companies before you settle on one. It’s also a good idea to have a clean driving record and good credit — both of which will help you get a lower rate.
You can also consider some of the other options that are available to you, such as usage-based insurance or insuring your car for its agreed value rather than its market value. And, of course, make sure you compare apples to apples when you’re getting quotes — that is, make sure each quote is for the same coverage levels so you can accurately compare them.
Conclusion
Unless you are driving an exotic or high-performance sports car, the truth is that you probably won’t be paying that much more for insurance than you would for a regular car. In fact, some sports cars may even be cheaper to insure than a regular car. But it all depends on the make and model of the sports car, as well as your driving history. So if you’re thinking about buying a sports car, be sure to do your research before you commit to anything.
