How much does it cost to insure a sports car?

I’ve always wanted to own a sports car, and I finally have saved enough to afford one. They’re expensive in general, but how bad is my insurance going to be?

Answer
Congratulations on your dream car. There are a lot of factors that go into car insurance, so let’s look at some of them. Insurance companies will look at the following when determining your insurance policy:
  • Car make and model
  • How it performs
  • Horsepower
  • How many cylinders it has
  • How much you paid
  • Height (of the car)
  • Weight (of the car)
  • VIN (vehicle identification number)
These components all help determine the car’s risk factor because they contribute to the speed of the vehicle. Often, the faster you can drive, the higher the risk because the damage will be worse if you get into an accident and how much the repairs and parts will cost.
Your insurance companies will also want to know your age, location, and driving history as all of these factor into how much you’ll pay for your car insurance. Some of them may even qualify you for discounts.
You are going to have to decide what kind of coverage you need. Because this is your dream car, I recommend that you at least get comprehensive coverage that will cover your car in an accident or other unexpected occurrence.
When you’re looking for car insurance for your dream sports car make sure to check out Jerry. Jerry pulls quotes from the top 50 companies in under a minute and delivers the best deals right to your phone. No long forms. No calling around. Just savings. The average Jerry user saves $879 a year on car insurance.
Lauren Smith
Answered on Nov 02, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.
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