How would insurance companies rate a 2004 Pontiac GTO?

"I'm a new driver and want to get one. Is it considered a sports car? Would it be rated higher than a different type of car?"

Answer provided by
Emily Maracle
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 Pontiac GTO is considered a sports car and would be rated as high risk. This means that the cost to insure the vehicle will be significantly higher than a sedan or compact car.
Sports cars are considered high risk because they are designed for high speeds. Insurance companies assume that those driving a sports car drive faster and less carefully.
Combined with the fact that you are a new driver, your rates are likely to skyrocket. To get an idea of the cost, you’ll want to start shopping around now. You can request car insurance quotes online to get an idea of an average rate for insurance.
You should also choose another non-sports car that you like to compare rates with the same companies. From there, you’ll be able to decide if getting a sports car is within your budget.”

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