How do auto insurance companies classify sports cars?

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Joel Ohman
Founder, CFP®

UPDATED: Oct 28, 2016

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Here's what you need to know...

  • Auto insurance companies assign a higher premium to sports cars because they are more expensive to repair
  • Sports car drivers are more prone to drive faster and potentially recklessly
  • It’s always a good idea to keep insurance costs as low as possible by finding the best rates on sports car insurance

What is the insurance definition of a sports car?

Read on for more information about sports cars and car insurance and then use the free comparison tool on this page to enter your zip code in for a free car insurance comparison!

Definition of a Sports Car


The definition of a sports car varies from insurer to insurer.

Each company assigns a different value to the components that go into a car, resulting in premiums that are always higher for sports cars or high-performance vehicles.

Some factors that go into the calculations include:

  • Make and model
  • Engine size
  • Number of cylinders
  • Height
  • Weight
  • Horsepower

Vehicles that end up fitting the sports car bill are often sleek, low, race-equipped pieces of machinery with two doors and a lot of control.

Why are Sports Cars so Expensive to Insure?


Sports cars are expensive to insure not only because they can go fast and are therefore considered riskier, but also because they are expensive to repair.

By keeping your driving record clean, you are doing one of the most important things possible to lower your premiums.

Companies will consider it less likely that you will damage either yourself or your vehicle in an accident if you have an unblemished — or close to it — driving record.

And by employing safety mechanisms such as alarms and vehicle locating systems, the insurance companies will know it is less likely that your vehicle will be stolen or otherwise damaged by thieves.

What are the Most Expensive Sports Cars to Insure?

Black sports car in parking lot; tires close-up.

According to the website of the New York State Insurance Department, some of the most expensive cars to insure include:

  • Acura NSX
  • BMW 21
  • Chevy Corvette
  • Dodge Charger
  • Ferrari
  • GMC Typhoon
  • Honda Civic Del Sol SI
  • Isuzu Amigo
  • Jaguar XJ-S
  • Lotus
  • Maserati
  • Nissan Roadster
  • Oldsmobile Cutlass Calais Quad 4
  • Porsche
  • Rolls Royce
  • Suzuki Samurai
  • Toyota Landcruiser
  • Volkswagen Corrado
  • Yugo

How to Find Good Rates on Sports Car Insurance

When you compare car insurance quotes online, you will find that you have immediate access to quotes that take your situation as a sports car enthusiast into consideration.

When typing in your information, make sure to include all of your car’s features, as well as your own personal circumstances, that could qualify you for discounts.

From anti-theft devices to window etchings, and from multi-car policies to Electronic Payment Transfers (EFT), there are many ways to earn discounts on insurance for your sports car.

To find out what kind of benefits may be waiting for you, type your zip code into the box in the upper right-hand corner.

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