Do insurance companies consider a Hyundai Veloster N a sports car?
"I want to get a Hyundai Veloster N, but I heard that sports cars cost more to insure. Is this true? Should I consider getting another vehicle?"
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Answered on Jul 27, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“A Hyundai Veloster N is classified as a compact sports car. Due to the risk associated with sports cars, they do often cost more to insure with car insurance companies.
A sports car is considered higher risk because of their speed. Riskier driving behavior and accidents are more likely to occur when someone drives a sports car. To protect against that risk, insurance companies often charge more.
Whether you should consider getting another vehicle depends on what you can afford. You should request car insurance quotes for the vehicle and see what rates carriers are offering.
If they are reasonable or you can afford them, you could move forward with it. If you aren’t able to afford it, you should consider another vehicle.
While you may like the way the Veloster looks, you don’t want to skimp on coverage for aesthetics.”
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