Best Auto Insurance Companies for Sports Cars (2024)
The best auto insurance companies for sports cars are Nationwide, State Farm, and Geico, with rates starting at $109/mo. Below, you can compare the cheapest sports car insurance rates, evaluate your sport car insurance coverage options, and find cheap insurance for sports cars in your area.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Oct 3, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 3, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Sport car insurance tends to be more expensive due to the risk that comes with those athletic car types
- Before buying a policy from the best auto insurance companies for sports cars, look at all the coverages and discounts offered
- Nationwide, State Farm, and Geico offer the cheapest insurance rates for sports cars
What are the best auto insurance companies for sports cars? You might be looking for the cheapest insurance for sports cars if you recently purchased a new car. Ultimately, your insurance costs depend on the sports car you buy and the types of auto insurance you want. The costs also depends on the age of the insured.
Most auto insurance companies won’t insure high-end sports cars like a Lamborghini because they’re so expensive. Also, high-end sports are faster, and thus, they have a much higher risk of being totaled or stolen. Read more about auto insurance for exotic vehicles.
That said, some top auto insurance companies cover sports cars. However, it may be difficult to find cheap auto insurance for those cars because they still present a higher risk than other cars, trucks, vans, and SUVs.
If you want to find the most affordable, best auto insurance companies for sports cars, you might not have to look any further than the top companies. We’ll discuss the coverage these companies offer for the cheapest sports cars to insure, along with average rates.
Eager to look at rates from top companies in your neck of the woods? Then you can enter your ZIP code into our quote tool above.
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The Best Auto Insurance Companies for Sports Cars
The best car insurance companies for sports cars include Allstate, Geico, Nationwide, Progressive, State Farm, and USAA. These companies will cover mid-size sports cars with impressive coverage levels and discounts.
Best Auto Insurance Companies for Sports Cars: Comparing Monthly Rates
| Company | Monthly Rates |
|---|---|
| Allstate | $195 |
| American Family | $160 |
| Farmers | $175 |
| Geico | $129 |
| Liberty Mutual | $165 |
| Nationwide | $109 |
| Progressive | $172 |
| State Farm | $125 |
| Travelers | $155 |
| USAA | $125 |
Geico, Nationwide, and State Farm might offer the cheapest insurance for sports cars for companies of their size. State Farm also covers most sports cars, and you can save even more with State Farm because it offers safe driving discounts.
Geico auto insurance has an edge because it offers mechanical breakdown insurance and generous discounts, particularly for military members and people with memberships in professional organizations.
Although Allstate might offer the most expensive sports car insurance, it has a fuller package than the other companies. You can essentially get all coverages with a sports car as you would normally. Allstate also offers safety discounts for sports cars, including passive-restraint systems, anti-lock brakes, good students, and anti-theft devices.
Read More:
- How to Get a Good Student Auto Insurance Discount
- How to Get an Anti-Lock Brakes Auto Insurance Discount
- How to Get an Anti-Theft Auto Insurance Discount
In addition, all other discounts are available to you, including multi-car insurance discounts.
Progressive may not insure the high-end sports cars, but it does offer a suite of discounts to help bring down your monthly rates, such as bundling insurance policies.
USAA auto insurance might be better than the rest because it does cover “exotic” and high-performance sports cars. However, the company only serves members of the military, veterans, and their families. If you are in the military, this might be the right insurance company for your sports car.
Cost of Sports Car Auto Insurance
Here are some of the cheapest sports cars to insure:
Sports Car Auto Insurance Average Rates by Make & Model
| Vehicle Type | Monthly Rates |
|---|---|
| BMW Z4 Roadster | $152 |
| Chevrolet Corvette Stingray | $155 |
| Ford Mustang | $156 |
| Mazda Miata | $125 |
| Porsche Boxster | $154 |
| Subaru WRX | $164 |
| Audi A5 Convertible | $150 |
| Dodge Challenger | $160 |
| Jaguar F-Type | $159 |
| Nissan 370Z | $139 |
| Toyota 86 | $146 |
| Honda Civic Si | $130 |
| Chevrolet Camaro | $158 |
| Fiat 124 Spider | $132 |
| Mercedes-Benz SLK | $169 |
| Mini Cooper Convertible | $140 |
Note that the cost of auto insurance has gone up across the board in 2021. These rates are relatively reasonable for the car type.
Many factors affect car insurance rates, but the top factors for sports car insurance rates are the vehicle type and level of coverage.
- Sports cars tend to be smaller and have only two seats. Also, they will not hold up as well as larger vehicles in a car crash.
- A sports car has more horsepower, so the person driving it may be tempted to go at higher speeds. That increases the likelihood of an accident.
- Since sports cars are attractive, they are more likely to be stolen.
Given these factors, you will want to have a little more coverage if you own a sports car, which will lead to higher rates. In addition, if you’re looking for sports car insurance for an 18-year-old, or sports car insurance for anyone under 21, you’ll end up paying more regardless.
Take a look at the table below to compare sports car insurance rates by age:
Full Coverage Auto Insurance Average Rates for Sports Cars by Age
| Age Group | Monthly Rates |
|---|---|
| 16-Year-Old | $650 |
| 17-Year-Old | $620 |
| 18-Year-Old | $600 |
| 19-Year-Old | $580 |
| 20-Year-Old | $560 |
| 21-Year-Old | $520 |
| 25-Year-Old | $420 |
| 30-Year-Old | $380 |
| 35-Year-Old | $360 |
| 40-Year-Old | $340 |
Read more about auto insurance for young adults.
Sports Car Insurance Coverage Options
Just like you would with most other vehicles, you want to get standard auto insurance coverage. There are six basic types of auto insurance coverage. These include collision and comprehensive coverage.
You might not need to carry all types of auto insurance coverage, but you must buy the minimum for bodily injury and property damage liability insurance in every state.
In select states, you may need to carry personal injury protection (PIP) auto insurance, medical payments (MedPay), and/or uninsured/underinsured motorist coverage as well.
Besides general coverages, you need to look for auto insurance discounts. For example, you may be able to save on your insurance if you have a multi-car policy. Some other companies may allow you to use the multi-policy discount if you buy more than one type of insurance.
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How to Find the Best Auto Insurance Companies for Sports Cars
If you want to buy car insurance from the best car insurance companies for sports cars, you don’t have to compromise quality in coverage for the cost. Some of the best auto insurance companies in the nation can cover your sports car based on the make and model.
Look into opportunities to bundle and stack discounts, especially if you’re a young driver with high rates. Safety discounts may be your best bet, especially if your sports car comes equipped with anti-lock brakes and passive restraints.
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— AutoInsurance.org (@AutoInsurance) May 22, 2023
Do shop around and ask for quotes, even from local car insurance companies. You might find one of the best auto insurance companies for your sports cars in surprising places.
Now that you’ve learned a little about the best car insurance companies for sports car insurance, are you ready to see rates for top companies in your area? Just enter your ZIP code into our free quote tool below.
Frequently Asked Questions
How much is insurance for a sports car for a 16-year-old?
16-year-old drivers pay around $650 monthly for sports car auto insurance coverage.
How much is insurance for a sports car for a 17-year-old?
Sports car insurance for a 17-year-old driver averages $620 monthly.
How much is insurance for a sports car for a 20-year-old?
Expect to pay $560 monthly to insure a sports car if you’re 20.
How much is insurance for a sports car for a 21-year-old?
You can find sports car insurance for 21-year-old drivers at around $520 monthly.
Which auto insurance companies are considered the best for sports cars?
Several auto insurance companies are known for providing excellent coverage and services for sports car owners. Some of the best options include:
- Geico
- State Farm
- Progressive
- Allstate
- USAA (for military members and their families)
- Farmers Insurance
What factors make these insurance companies ideal for sports car owners?
The insurance companies mentioned above are often recommended for sports car owners due to the following factors:
- Competitive rates: These companies offer reasonable premiums for sports cars, considering factors like the car’s value, performance, and safety features.
- Specialized coverage: They provide specific coverage options tailored for sports cars, including comprehensive coverage, collision coverage, and coverage for high-performance modifications.
- Strong financial ratings: These companies have a solid financial standing, ensuring that they can fulfill claims and provide reliable service.
- Excellent customer service: They are known for their customer-centric approach, offering responsive claims handling and reliable customer support.
Are there any additional pros to consider when choosing auto insurance for sports cars?
Yes, here are some additional pros to consider:
- Accident forgiveness: Some companies offer accident forgiveness programs, which prevent rates from increasing after the first at-fault accident.
- Enhanced coverage options: Certain insurers may offer unique coverage options for sports cars, such as track day coverage or agreed value coverage.
- Discounts: Auto insurance companies often provide discounts for safety features, good driving records, and multiple policies, helping sports car owners save on premiums.
Are there any drawbacks to consider when choosing auto insurance for sports cars?
While the insurance companies mentioned have their strengths, it’s important to be aware of potential cons as well. Some considerations include:
- Higher premiums: Sports cars typically have higher insurance premiums due to their increased value, performance capabilities, and risk factors associated with these vehicles.
- Limited options: Not all insurance companies may specialize in sports car coverage or offer the specific coverage options desired by sports car owners.
- Deductibles and restrictions: Sports car insurance policies may come with higher deductibles, more restrictions, or certain requirements (e.g., garaging requirements) to ensure coverage.
Can I insure a high-performance sports car with any auto insurance company?
While many auto insurance companies provide coverage for high-performance sports cars, it’s important to note that some insurers may have restrictions or limitations on certain types of vehicles. It’s recommended to check with the insurance company directly to ensure they offer coverage for your specific sports car model and its performance capabilities. Additionally, specialized sports car insurance companies may provide more tailored coverage options and expertise in insuring high-performance vehicles.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.