Top 10 Sports Cars with the Lowest Insurance Rates

Sports cars deliver thrilling performance, sleek styling, and fun handling. But they also tend to cost more to insure due to their higher horsepower engines and increased risk of damage in accidents However, not all sports cars have sky-high premiums Here are 10 exciting models that buck the trend with relatively affordable insurance rates.

What Impacts Sports Car Insurance Costs

Several factors cause insurers to charge more for sports car coverage:

• Powerful engines – More horsepower leads to faster acceleration and top speeds increasing accident risk.

• Lightweight construction – Use of aluminum and carbon fiber instead of steel increases repair costs after crashes.

• Low ground clearance – Low-riding sports coupes sustain greater undercarriage damage from road debris.

• Limited production – Rare, exotic vehicles are more expensive to repair or replace due to scarcity of parts.

• High theft risk – Faster sports cars attract car thieves, increasing claims.

• Young driver appeal – Sports cars attract youthful drivers who have higher accident rates.

• Premium brand image – Luxury marques like Porsche and BMW have higher insurance rates overall.

But not all sports cars fall into these high-risk categories. Here are 10 models from major brands that deliver speed while keeping insurance costs in check:

1. Toyota 86

With 205 horsepower from its small 2.0-liter boxer engine, the Toyota 86 provides an accessible rear-wheel drive sports car experience. Modest power levels and Toyota’s affordability focus help keep 86 insurance rates reasonable.

Average annual premium: $1,450

2. Subaru BRZ

Nearly a twin to the 86, the BRZ shares the advantages of lightweight rear-drive handling and a smaller, less powerful engine configuration that earned it second place among affordable sports cars to insure.

Average annual premium: $1,430

3. Mazda MX-5 Miata

Thanks to its nimble handling and compact size, the Miata roadster has always offered a pure sports car experience for the money. An engine size under 2.0-liters also helps retain economical insurance rates.

Average annual premium: $1,410

4. Volkswagen GTI

With 228 horsepower under the hood, the iconic hot hatch GTI is still quite sensible to insure. Credit its practical hatchback design and mature driver base for reasonable premiums.

Average annual premium: $1,350

5. Chevrolet Camaro

Domestic pony cars offer Big American V8 performance along with insurance costs that are lower than import rivals. The Camaro SS with its 6.2-liter V8 still represents a performance bargain.

Average annual premium: $1,260

6. Ford Mustang Ecoboost

Sporting a twin-turbo 2.3-liter 4-cylinder pumping out 310 horsepower, the Ecoboost Mustang proves you don’t need a V8 for quick acceleration. Lower cylinder count drops premiums.

Average annual premium: $1,250

7. Subaru WRX

The rally rocket WRX leans toward practicality with its turbocharged 4-cylinder powerplant producing 268 horsepower teamed to symmetrical all-wheel drive. This useful blend helps lower rates.

Average annual premium: $1,240

8. Dodge Challenger R/T

The Challenger retains an old-school V8 rumble with its 5.7-liter Hemi putting out 375 hp. Going with V6 models can lower costs further. Retro styling also attracts older drivers.

Average annual premium: $1,230

9. Nissan 370Z

With just 332 horsepower from its natural 3.7-liter V6, the aging 370Z represents an old-school and affordable rear-drive coupe. Premiums benefit from its low-key appeal.

Average annual premium: $1,210

10. Mazda MX-5 Miata RF

This retractable hardtop version of the Miata costs only slightly more to insure than the base soft top model while providing extra security, retaining impressive value and low insurance rates.

Average annual premium: $1,180

Finding Low Rates for Your Sports Car

The rankings above are based on national averages that give a general idea of relative insurance costs. Your specific location, driving record and other factors will impact your actual rates. Here are some tips for finding the lowest premium:

• Comparison shop – Get quotes from multiple insurers. Rates can vary widely for the same driver and car.

• Look for discounts – Insurers offer discounts for safety features, good grades, low mileage and more. Find an insurer that offers breaks that fit your situation.

• Raise deductibles – Byshouldering more upfront repair costs you can substantially lower your premiums.

• Limit coverage – Dropping collision on an older paid-off sports car can save substantially if you can handle out-of-pocket repairs.

• Check with insurers – Certain companies specialize in affordable sports car coverage. See if there are any focused on your particular model.

You can enjoy fun behind the wheel of a quick sports car without breaking the bank to insure it. Following the above tips can help you find the best rates possible on policies for your favorite fast vehicle. Careful shopping allows you to experience the thrill of higher performance and speed without sacrificing savings and value.