How to Find the Insurance For Your Sports Car

Sports car insurance costs an average of $228 per month, or 58% more than the average car, making strategic insurance shopping essential.
Written by Liz Jenson
Edited by Kianna Walpole
Reviewed by Brice Regling
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
’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 
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: 
Average monthly cost of insurance
Mazda MX-5 Miata
BMW 8-Series (840i)
Toyota GR86
exclamation icon
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:
Insurance company
Average cost of coverage
Jerry rating
Find cheap sports car insurance today!
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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
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
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

Expert Insight

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?

’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

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
    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
    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,
    , 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.
Find the best deals on sports car insurance with Jerry!
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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.

Meet our experts

Liz Jenson
Liz Jenson is an insurance writer who specializes in general automotive and insurance topics. Liz’s mission is to produce informative and useful content to help car owners make smart choices when buying cars and car insurance. Since joining Jerry in 2021, Liz has written nearly 4,000 long- and short-form articles on topics including state-specific insurance recommendations, common car insurance questions, and deep dives into vehicle model details.
Before they came to Jerry, Liz was a full-time student at Indiana University, Bloomington working on a double major in English and French.
Kianna Walpole
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Expert Insurance Writer & Editor
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.

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