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Compare sports car insurance

The right policy balances cost with ample coverage for your car's performance parts.

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Sports cars are notoriously expensive to insure but even more expensive to repair if you don’t have the right coverage. Compare sports car policies that fit your needs and budget, including what to expect for young drivers.

What coverage do sports cars need?

Sports car insurance is designed to cover high-performance cars built to go fast. These compact cars usually have two seats and are set much lower to the ground in order to increase speed and perform better around corners.

The type of coverage you need depends on your budget and car. Coverage options include:

  • Full coverage. A full-coverage policy includes liability, collision and comprehensive insurance. It’s the most expensive option because it provides the most protection for your car.
  • Track days. Standard insurance won’t cover your car while it’s on a racetrack. If you’re feeling the need for serious speed, check with your insurer before hitting the track.
  • Modifications. Your insurer may allow you to make a number of preapproved modifications or agree to insure your already modified car.
  • International coverage. If you’re planning to race in another country, check to make sure your insurance will cover you.

What’s considered a sports car for insurance purposes?

Car insurance companies don’t have an official definition for sports cars that regulate these cars’ premiums. But many companies charge more for cars with high-powered engines, convertible tops and high ticket value. These are often defining characteristics of sports cars, leading to higher rates for this type of car overall.

    Best car insurance for sports cars: Allstate

    Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.

    • Stack discounts up to 30%
    • Earn points and rewards with safe driving
    • Get claims paid through direct deposit
    • Opt for extras like accident forgiveness, ridesharing or sound system coverage

    Compare sports car insurance

    Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
    Progressive
    Optional
    30%
    All 50 states
    Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
    USAA
    Optional
    Yes
    All 50 states
    Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
    Allstate
    13%
    All 50 states
    Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
    The AARP Auto Insurance Program from The Hartford
    Optional
    Yes
    All 50 states & DC
    Drivers over age 50 can enjoy low rates and perks designed for mature drivers, plus freebies and AARP member perks like free replacement cost coverage.
    Liberty Mutual
    Optional
    30%
    All 50 states
    Earn free accident forgiveness after five years claims-free and customize your policy anytime online at the tap of a button.
    Esurance
    40%
    All states except AK, DE, HI, MT, NH, VT, WY
    Take advantage of this online company's low base rates and mobile tools like app-based telematics and teen safe driver programs.
    Metromile
    Optional
    49%
    AZ, CA, IL, NJ, OR, PA, VA, WA
    Pay only for the miles you drive, plus enjoy app services you won’t find everywhere like claims and car health updates.
    Gabi
    Optional
    Optional
    55%
    All 50 states
    Upload your current policy info and get quotes from 20+ companies who could get you a better rate.
    Root
    52%
    Available in 30 states
    Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
    Branch
    Optional
    No
    AZ, MO, IL, OH and TX
    Benefit from this online-based startup’s steep savings and convenient online quotes and claims.
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    Compare up to 4 providers

    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. Compare insurance rates for some of the most popular sports car models.

    Average insurance rates for popular sports cars

    Sports car make & model Average monthly insurance rate
    Audi R8 $197
    Chevrolet Camaro $154
    Dodge Challenger $245
    Ferrari 488 GTB $783
    Fiat 124 Spider $238
    Ford Mustang $166
    Jaguar F-Type $148
    Mazda MX-5 Miata $152
    Nissan GT-R $158
    Porsche Macan $220

    Compare all sports car models

    How much is sports car insurance for young drivers?

    Young drivers under 25 years old tend to see the highest car insurance premiums across all age groups. For example, drivers between ages 18 and 21 typically pay $3,900 per year. Those between age 22 and 25 typically pay $2,800 per year. Those numbers are $2,600 more than the national average for 18- to 21-year-olds and $1,500 above average for 22- to 25-year-olds.

    Consider that your car insurance premium will rise even more after factoring in the high premiums typical for sports cars. You could lower the overall premium by shopping for car insurance companies that cater to young drivers.

    How can I get cheap car insurance for a sports car?

    To get a lower premium, you can:

    • Increase security. If your car is not fitted with an anti-theft alarm, think about adding one to reduce your premium. Also, cars kept in a locked garage may see cheaper rates.
    • Add experienced drivers. Adding an older and more experienced driver to your policy could lower the premium.
    • Limit modifications. Modifying your car will likely raise your premiums.
    • Advanced driving course. Completing an advanced driving course, also known as a defensive driving course, can earn you discounts with some providers.
    • Shop around. Compare quotes from different insurers to get the best rate. And compare again instead of automatically renewing when your policy is up.

    Why is sports car insurance so expensive?

    Like traditional car insurance, sports car insurers will look at several factors when calculating the risk and premiums of a sports car and its driver.

    Sports cars are more expensive to insure because they can be:

    • Driven faster and are therefore more likely to be involved in accidents
    • More likely to be targeted by thieves
    • More expensive to repair
    • Repaired only by certified or specialized mechanics
    • Imported or modified

        Bottom line

        If you own a sports car, you’ll likely pay more for car insurance than someone who owns a minivan. But that doesn’t mean you should just accept the first quote you see. Save money by comparing quotes from different insurers before purchasing a policy.

        Frequently asked questions about sports car coverage

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