Car insurance
providers generally classify sports cars as lightweight, high-performance vehicles with luxury car
price tags. Sports car insurance rates are 58% higher than the average, but you can save money by comparing quotes.Sports car insurance costs about $228 per month
According to Jerry
’s data, the average auto insurance rate for a sports car is $228 per month or $2,736 a year—almost 60% higher than the national average for car insurance. Despite the premium price, sports car sales are projected to climb by about 1% every year until 2028.1 The best-selling sports cars in the US in 2023
show an appetite for tech, power, and luxury, with an average price tag of $51,000. Not to mention a fondness for domestic manufacturing—the three most popular models are certified American icons. Our experts analyzed thousands of real car insurance policies purchased by Jerry users to determine what real drivers pay for sports car insurance. Here’s the average monthly cost of coverage for the 10 most popular sports cars in the US:
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Some major car insurance companies won’t insure a car valued at over $150,000. If you’re a high-value collector or hobbyist, look into a specialized insurance company for products like classic car insurance
.
You can find the cheapest sports car insurance by shopping around
, and the best insurance companies
by comparing customer reviews. Jerry’s experts analyzed real customer reviews plus the cost of minimum liability and full coverage car insurance policies for sports cars to help narrow down the best sports car insurance providers in the country: 
4.717k Ratings5M+Drivers Joined
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High-end end cars need full insurance coverage
Most state car insurance laws
require drivers to carry liability insurance
. They may also require additional coverages like uninsured motorist coverage
and personal injury protection
. But sports car owners should note a minimum coverage auto insurance policy won’t reimburse them for repairs or a total loss
—only bodily injuries or property damages to others after an at-fault accident. The average cost of repairing a sports car after a collision is $17,390, while the average cost of replacing one is $53,180.2 Unless your car insurance policy includes collision
or comprehensive coverage
, you’ll have to pay the bills out of pocket. Add the average cost of car crash injuries (between $24,000 and $155,000) and you have several compelling reasons to consider a full coverage policy
with high liability limits.3 Your auto loan
may also oblige you to purchase full coverage or gap insurance
. VP Insurance Operations, 18+ Years Experience in Insurance
A general rule that I recommend is to carry enough coverage to protect your current and future assets – at least $100,000/$300,000 of liability coverage is recommended, but you may need more coverage depending on your financial situation.
Why are sports cars so expensive to insure?
Jerry
’s research shows sports car owners pay higher insurance premiums because:Performance car owners are more likely to get into crashes. Sports cars accelerate quickly, and while that’s part of the fun, it may also make you more likely to crash. A study by the Insurance Institute for Highway Safety (IIHS) found that as a vehicle’s horsepower went up, drivers were as much as 38% more likely to go 10 mph or more over the speed limit.
Big engines, rare parts, and lightweight body panels cost a lot to repair. In 2023, the average collision claim for a small to midsize sports car was over $18,000—more than twice as much as for a standard vehicle of the same size.4 Sports cars cost $30,000-$300,000 to replace.5 If you file a claim
for the theft or total loss of your sports car, it’s likely to exceed the price of a standard car, which falls just under $48,000.6 Seven of the 10 most frequently stolen cars in 2023 were high-end, luxury vehicles.7 Data from the HLDI suggests thieves take every opportunity to grab expensive, high-performance cars. The Dodge Charger SRT Hellcat
had a 600% higher risk of being stolen than all other passenger vehicles in 2023.
Other ways to save on sports car insurance
Providers calculate your insurance premiums
using your vehicle and driver profile, including your age, credit score, driving history, and ZIP code. The formula changes depending on the provider, meaning there’s no cheapest car insurance company for every sports car and driver. Here are some tips to help you save even more money on your car insurance:
Become a safer driver by tracking your driving. With the Jerry
app, you can track your driving
to learn more about your habits behind the wheel. You can even earn points that you can use for rewards from Doordash, Goodyear, AMC, and more. Bundle policies. Multi-car policies
and auto and homeowners insurance bundles
can help you save money on multiple insurance products. Look for discounts. Some providers will reduce your car insurance rates if you install an anti-theft device
or complete a defensive driving course. Consider pay-as-you-go or pay-per-mile insurance. Drive less than 10,000 miles per year and you could save money with a pay-per-mile plan from Allstate, Nationwide, Metromile
, or Mile Auto. Pick a cheaper car to insure
. If you’re still in the shopping stage, why not check out how much money you could save on a car with better safety features? Raise your deductible or dropping coverage. Choosing a new deductible
or reducing your liability coverage limits is a last resort—the short-term savings could have long-term consequences.
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Is sports car insurance expensive?
Averaging $228 per month, sports car insurance costs 58% more than the national averag of $144 a month.
What’s the best insurance for a sports car?
The best insurance for a sports car is a full coverage policy
with liability limits of 100/300/100k. What’s a sports car to insurance companies?
While guidelines vary, most insurance companies consider a vehicle with luxury car
pricing and a high-performance engine to be a sports car. Why is sports car insurance so expensive?
Sports car insurance is expensive because performance car owners are more likely to crash and file expensive claims.
What’s the difference between a regular car, a sports car, and a supercar?
Sports cars are faster, lighter, and more expensive than the average car and supercars are even faster, more expensive, and more prestigious than that. Most boast over 500 horsepower and limited production runs.
