What cars are considered sports cars for car insurance? [Rates + Classifications]

What cars are considered sports cars for insurance is complicated. Cars that fit the sports car bill are often sleek, low, race-equipped pieces of machinery with two doors and a lot of control. The average car insurance rates for a sports car are $121.73/month.

Free Car Insurance Comparison

 Secured with SHA-256 Encryption

Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses...

Full Bio →

Reviewed byJoel Ohman
Founder, CFP®https://res.cloudinary.com/quotellc/image/upload/insurance-site-images/ciccom-live/41b5e36b-joel-ohman.jpg

UPDATED: Jun 18, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Here's what you need to know...

  • Car 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
  • The average car insurance rates for a sports car are $121.73/month

What is the insurance definition of a sports car, and what cars are considered sports cars for insurance? How do insurance companies classify sports cars?

It doesn’t always follow what you think of as a sports car, but this isn’t the only factor that goes into how they calculate your rates.

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

What are the Cheapest Sports Cars to Insure?

How much does it cost to insure a sports car, and what sports car has the cheapest insurance? Here are some of the cheapest sports cars you can insure, according to Quadrant Information.

Cheapest Sports Cars to Insure
VehicleMonthly Full Coverage RateAnnual Full Coverage Rates
Chevrolet Corvette Stingray$149.17$1,790
Fiat 124 Spider$130.17$1,562
BMW Z4 Roadster$120.33$1,444
Subaru BRZ$111.17$1,334
Mazda MX-5$97.83$1,174
Get Your Rates Quote Now

Your insurance rate mainly depends on your own personal factors, where you live, and how much the vehicle is worth. 

What cars are expensive to insure? According to the New York State Insurance Department’s website, some of the most expensive cars to insure include this sample list of sports cars:

  • 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

While sports cars are certainly not the cheapest cars to insure, rates are heavily influenced by other factors that are more important than whether your vehicle is a sports car or not. 

Free Car Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

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.

If you’re financing the vehicle, you’ll be required to carry full coverage. According to consumerfinance.gov, if you don’t purchase full coverage auto insurance, your lender can buy force-placed insurance to protect their investment, and you may end up being considered a high-risk driver. That’ll be way more expensive than just getting coverage in the first place.

Another thing that impacts your rates for a sports car is that these cars tend to be more expensive than standard sedans. The Kelley Blue Book value impacts how much insurers charge because it will also cost more for them to fix or replace damages.

And you’ll want full coverage for your pricey toy. If you get hit by an uninsured driver, you’ll be liable for the damages to your car.

This video from Allstate explains a little bit more about Uninsured and Underinsured Motorist coverage.

It’s nott unlikely that this could happen, since the Insurance Information Institute reports that one in eight drivers in the country is uninsured.

Free Car Insurance Comparison

Compare quotes from the top car insurance companies and save!

 Secured with SHA-256 Encryption

What’s the Definition of a Sports Car?

GoodCarBadCar reports that 309,222 sports cars were sold in 2019, even though the some would say sports cars are dead because the industry is suffering some lately. But what cars are sports cars? 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.

There are also a lot of fast cars not considered sports cars. For instance, is a dodge challenger considered a sports car for insurance purposes? Though it’s a cool and fast car, Challengers usually don’t fall into the sports car category due to their larger build; therefore, muscle car insurance rates tend to be cheaper than sports car coverage. And is a Nissan Maxima considered a sports car for insurance purposes? While the Maxima may be sporty, this four-door sedan isn’t likely to be a sports car for insurance purposes.

But, is a Camaro considered a sports car? Most of the time, Camaros are sports cars, which will mean a slightly higher premium.

As for other Mustangs, is a Mustang considered a sports car for insurance? Mustangs are likely to always be considered sports cars by your insurer, which means you’ll be paying extra, regardless of trim.

Free Car Insurance Comparison

Compare quotes from the top car insurance companies and save!

 Secured with SHA-256 Encryption

How to Find Good Rates on Sports Car Insurance

How much does insurance go up for sports cars? 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.

Compare quotes on sports car insurance cost today.

Free Car Insurance Comparison

Compare quotes from the top car insurance companies and save!

 Secured with SHA-256 Encryption