• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • Ford “Significantly” Raising Production of Mustang Mach-E While Reducing Prices “Across the Board”
  • Week Ahead: Numbers, Numbers and More Numbers
  • The Rearview Mirror: All That the Name Implies
  • Top Tips for Improving EV Range in Cold Weather
  • Mercedes is First Automaker to Offer True Level 3 Hands-Free Driving System in the U.S.
  • Audi Introduces Fourth “Sphere” Concept: Activesphere
  • Jaguar Land Rover Posts First Profitable Quarter in Two Years
  • Musk Confirms Cybertruck Production Tracking for End of 2023
  • Polestar Raises its Game with the 2024 Polestar 2
  • Toyota CEO Akio Toyoda Steps Down, Hands Reins to Lexus Chief Koji Sato
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2023 Ford F-150 Raptor R 4x4 Super Crew
    • A Week With: 2023 Genesis Electrified G80 AWD
    • A Week With: 2023 Land Rover Defender 110 V-8
    • First Drive: 2023 Honda Pilot TrailSport
    • A Week With: 2023 Jaguar F-Type R Coupe
    • A Week With: 2023 GMC Yukon Denali Ultimate
    • A Week With: 2023 Genesis GV60 Performance
    • A Week With: 2023 Chevrolet Suburban Z71
    • A Week With: 2023 Lexus UX 250h F Sport
    • A Week With: 2023 Mercedes-Benz EQB 300 4Matic
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > guides > Insurance > Guide to Sports Car Insurance (2022)

        Guide to Sports Car Insurance (2022)

        Find the right insurance policy to protect your high-performance ride.

        TDB Reviews Team
        TDB Reviews Team
        June 14, 2021

        FIND OUT HOW MUCH YOU CAN

        SAVE ON YOUR CAR INSURANCE

        SAVE ON YOUR CAR INSURANCE

        Affiliate Disclosure

        Whether you have dreamed of purchasing a sports car for years or it was one of those spur-of-the-moment decisions, it is essential that you have the right auto insurance policy to protect your purchase. The last thing that you want is for your sports car to be damaged during an accident, only to find that you do not have the proper coverage.

        To help you avoid this unsavory scenario, we have created this useful guide to sports car insurance. Below, you will find everything you need to know about getting insurance for your high-performance vehicle. We can even help you to find free quotes on sports car insurance coverage.

        Our experts have reviewed every major insurance provider and have identified the best car insurance companies in the industry. To see how much you would pay for coverage, enter your zip code above.

        Overview of Sports Car Insurance

        As long as you are not using your sports car for business purposes, sports car coverage is very similar to that of any other vehicle.

        You will have the opportunity to purchase full coverage or build a custom plan, as long as your sports car is paid off. You can choose from options like collision coverage, comprehensive coverage and bodily injury protection. It is important to remember that most finance companies will require you to have full coverage if you are still making payments on your vehicle.  However, full coverage will mean higher insurance premiums.

        The type of car that you drive is one of the most important factors that will influence your rates. Since sports cars are high-performing machines that are expensive to repair or replace, they tend to cost more to insure and have high deductibles. This is true even if you have a clean driving record that is completely free of moving violations or at-fault accidents.

        The good news is that it is still possible to find cheap rates if you are willing to shop around. Our advice is to take your time and make sure to do your research.

        How Do Insurers Determine Whether a Vehicle is a Sports Car?

        As the saying goes, “If it quacks like a duck and walks like a duck, then it is probably a duck.” This same basic principle applies to sports cars. If your vehicle has lots of horsepower, a big engine and can accelerate quickly, then it will likely be classified as a sports car by your insurer.

        When the insurers are making a decision on this classification, providers will consider factors like the horsepower and the number of cylinders that the engine contains. The company will also want to know the specific make and model of your vehicle.


        Why Auto Insurance Is More Expensive for Sports Car Drivers

        Many drivers wonder why sports car insurance is so expensive. The most obvious reason is that sports car drivers are considered to be high-risk. Even if you are a safe driver, not every sports car owner is. Unfortunately, statistics support the practice of charging more for sports car insurance. There are over a dozen models of popular sports cars that are at least twice as likely to be involved in a fatal accident as non-sports cars. A few of these vehicles are involved in fatal crashes nearly five times as often as average cars.

        The average fatal accident rate (FAR) for all vehicles is 2.6 cars per billion vehicle miles. For comparison, the Chevrolet Corvette has a FAR of 9.8. The Dodge Challenger and Chevrolet Camaro both have FARs of over 5.5. The Nissan 370Z is also at higher risk, with a FAR of 6.2.

        As you can see, the danger is real when these vehicles are driven in a reckless or careless manner. It is important that you operate your vehicle safely, especially when driving a high-performing sports car.

        With all of that added risk, you may want to opt for higher coverage limits or choose add-ons like replacement car insurance. This will ensure that your vehicle is covered in the event of a crash. However, doing this can drive up your premium costs.


        What to Consider When Buying Sports Car Insurance

        The phrase “sports car” is a general term used to describe a vehicle with a powerful engine and high-performance capabilities. Most insurance providers do not use the term as broadly as the general public does. In fact, insurers actually offer several specific types of coverage for especially unique high-performance cars.

        For example, luxury vehicles – like Ferraris, Lamborghinis, or Porsches – will need exotic car insurance. This type of coverage far exceeds traditional insurance limits and will also have higher rates. However, it is essential that you have the right type of coverage to protect yourself and your ride.

        Some providers also offer something known as classic car insurance. This coverage may be a good fit for muscle cars and older sports cars, like the Ford Mustang. Because it may be difficult for providers to repair old-school vehicles, classic car insurance can give you financial compensation if your vehicle is severely damaged.

        When you are shopping for sports car insurance, pay special attention to the coverage limits that you choose. Be sure to throw in any extras that you need to protect your car.


        Tips for Saving Money on Sports Car Insurance

        Since most sports car insurance works like any other type of coverage, you can take steps to keep your rates low. You should be on the lookout for common discounts when searching for coverage. These discounts includes safe driver, multi-car, and multi-vehicle discounts.

        You should also maintain a clean driving record, as insurance companies will certainly obtain a report of your driving history. The report will let the company know whether you have any driver’s license restrictions or past suspensions. The company will also be able to find out if you have received any speeding tickets or been involved in any traffic accidents.

        As noted above, you should be willing to shop around. If you have not already purchased a sports car, take your time to obtain multiple quotes. Doing so can save you hundreds of dollars.


        Our Recommendations for Auto Insurance

        Our team of experts reviewed every major car insurance provider in the industry in areas such as cost, coverage, customer service and reputation. Two of the providers that came out on top were GEICO and State Farm. Read on to learn more about these insurers, and enter your zip code below to start getting free quotes from top providers in your area.

        FIND OUT HOW MUCH YOU CAN

        SAVE ON YOUR CAR INSURANCE

        SAVE ON YOUR CAR INSURANCE

        GEICO: Best Overall

        GEICO earned a total score of 9.1 out of 10.0 in our industry review. The company also earned a 9.8 for reputation, 8.5 for coverage, 9.4 for cost, and 9.0 for customer experience. GEICO offers standard coverage plus extras like mechanical breakdown insurance and roadside assistance. The company might be able to provide you with the best sports car insurance rates.

        State Farm: Best for Student Drivers

        State Farm has been in business for about a century. During that time, the company has become a market leader in the auto insurance industry. Our experts gave the company a total score of 9.1 out of 10.0. State Farm has a multitude of discounts and great policy options for sports cars, too.


        Methodology

        The Detroit Bureau collects data from every major car insurance provider to formulate rankings of the best insurers. Our in-depth rating system takes into account market share, coverage, pricing, customer satisfaction, and ratings from industry experts. Each insurer is given a weighted score in four categories, as well as an overall score out of 10.0.

        We recommend auto insurance companies based on these rankings, but we also encourage you to perform your own research and compare quotes to find the best coverage.

        Recently Published
        Instructor with clipboard writing result of exam in car, closeup.

        What Discounts Does Esurance Provide?

        Dec. 22, 2022
        cheap auto insurance after accident

        How to Get Cheap Auto Insurance After an Accident

        Dec. 22, 2022
        postmates auto insurance

        Domino’s Pizza Auto Insurance: What Coverage Do You Need?

        Dec. 22, 2022

        FIND OUT HOW MUCH YOU CAN

        SAVE ON YOUR CAR INSURANCE

        SAVE ON YOUR CAR INSURANCE

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: