how much does car insurance cost for sports cars?
Sports car insurance premiums vary, but are generally high. even if you have a clean driving record, you will be considered higher risk than most drivers. So even if you choose only bodily injury and property damage liability coverage, you’ll pay high auto insurance rates.
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Unless you paid cash for that new Ferrari, you’ll be paying a loan on it, which means your lender will require you to have full coverage (liability, comprehensive and collision coverage). Even if you own the car outright, you’ll want to have as much protection as possible from your insurance policy, including uninsured motorist coverage.
A simple way to lower your insurance rates is to make sure that, in addition to a large number of cylinders, your sports car is also equipped with anti-theft devices and security features. a high deductible would also help. and some newer auto insurance companies offer per-mile policies that might be ideal for your sports car if you don’t use it for commuting every day.
metromile, a new company with a fresh, no-nonsense approach to auto insurance, offered the lowest sports car insurance quotes at just $86 per month. metromile has the complete set of policies you want in an auto insurance provider. charges a low base rate, and then at the end of the month, you pay for every mile you drive.
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This approach could work especially well for sports cars, where the amount you drive can vary greatly depending on the season. Overall, Metromile can save you money if you only drive 10,000 miles a year or less, and for a Ferrari that probably won’t be running errands, this could be a pretty good combination.
a legacy insurance company with decent ratings generally farmers bid low on the sports car insurance category so you may want a quote. If you value a usable mobile app, its ratings on the iOS platform are especially good.
If your sports car is also an electric or hybrid vehicle, you can save 5% right away, and the farmer’s package discount with the home or other policy is 10%. A driver training discount if you’re over 55 can help you earn points for safe driving, which will help offset the higher-risk status you’ll get with a high-powered vehicle.
health and safety units of united security & accident insurance company (ush&c) offers auto insurance in arizona, missouri, illinois, nebraska, indiana and arkansas. offers sports car drivers a tempting average price of $97 per month, and you can lower it with discounts on anti-theft equipment, multiple policy discounts, and no-claims renewal.
ush&c provides health insurance, but you won’t be able to get a discounted auto and home insurance package. however, you can get a 5% discount for owning a home.
new york is one of the most expensive states for sports car insurance: the insurify database shows an average monthly quote of $297 per month. That’s why it’s even more surprising to see TSC directly on our list of lowest sports car insurance quotes. only serves the tri-state area and primarily new york city.
tsc direct also offers homeowners insurance and a bundle discount to lower your rates. “why should everything cost more just because we live in the biggest city in the world?” asks the company’s website. your mobile app is up and running for claims, bill pay and the rest.
Buy a sports car to hit the Pacific Coast Highway? California drivers can get insurance from 21st Century, which has been selling auto insurance and other policies in the Golden State since 1958. The company advertises a number of discounts, especially for safe drivers, good students, safety features in your car, and more. and driver education courses. courses.
Since you’ll already be wanting anti-theft equipment for your sports car, you’ll be pleased to know that 21st century offers an average 15% discount on state-of-the-art anti-theft protection. If you have had no violations or points on your driving record in the last five years, you can take advantage of additional savings that the company says could exceed 20%.
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