Sports cars are often associated with high insurance premiums due to their performance capabilities and repair costs. However, not all sports cars carry the same financial burden when it comes to insurance.
This article highlights sports cars that offer lower insurance costs, helping buyers save money while enjoying a sporty driving experience. Understanding insurance costs can play a significant role in selecting the right sports car for both performance and affordability.
Mazda Miata
The Mazda Miata is known for having relatively low insurance costs compared to many sports cars. Its rates often fall below the national average for vehicles, including other sports models.
Insurance premiums can vary based on driver age, location, and coverage levels. Some policies range from about $100 to $330 per month, with annual rates around $1,600 to $2,000.
It is frequently cited as one of the most affordable sports cars to insure, making it a practical choice for drivers seeking a balance between performance and cost.
BMW Z4
The BMW Z4 offers relatively affordable insurance compared to other luxury sports cars. Rates typically range from around $1,000 to nearly $4,000 annually, depending on location, driver profile, and coverage levels.
Factors such as age, driving history, and state of residence significantly influence the final cost.
Toyota GR Supra
The Toyota GR Supra offers a balance between performance and insurance affordability. Insurance costs average around $2,900 per year, slightly lower than many sports coupes.
Rates tend to decrease for drivers who exceed 25 years of age. Combining coverage with other policies, like home insurance, can further reduce premiums.
Ford Mustang
The Ford Mustang offers relatively affordable insurance compared to other sports cars. Full coverage rates average around $109 per month with some providers, making it accessible for many drivers.
Annual premiums typically range near $1,000 to $2,600, depending on factors like age, location, and driving history. It remains a popular choice for those seeking sporty performance with manageable insurance costs.
Chevrolet Corvette Stingray
The Chevrolet Corvette Stingray tends to have higher insurance costs compared to other Corvette trims. Insurance rates for a Stingray can range between $177 and $479 per month, depending on coverage and location.
Factors like driver age and credit score also influence the rates.
Porsche Boxster
The Porsche Boxster offers relatively affordable insurance compared to other sports cars. For low-mileage drivers, annual premiums can be under $200 with specialty insurers like Hagerty.
The Boxster S model tends to have slightly higher premiums but remains accessible for many buyers.
Its reputation for safety and moderate repair costs contribute to its lower insurance rates within the sports car category.
BMW 2 Series Coupe
The BMW 2 Series Coupe is known for having relatively low insurance costs compared to other sports cars. Insurance premiums typically range from $174 to $405 per month, depending on the model year and coverage options.
Some drivers report paying around $780 for six months with basic coverage on models like the M235.
Toyota GR Yaris
The Toyota GR Yaris is a sporty compact car that falls into a higher insurance group due to its performance. Insurance premiums for this model tend to be significantly higher than standard Yaris versions, sometimes increasing by as much as 80%.
Despite the higher costs, some insurers offer competitive rates, with certain companies including extra coverage like GAP insurance. Buyers should expect insurance to be one of the main ongoing expenses when owning a GR Yaris.
Mercedes-AMG C 43
The Mercedes-AMG C 43 offers a balance of performance and reasonable insurance costs. Monthly premiums typically range from $125 to $375, influenced by driver age, location, and driving history.
Its insurance rates are competitive compared to other sports cars, making it a practical option for those seeking a high-performance vehicle with manageable insurance expenses. Coverage options and providers can affect the final cost.
Subaru BRZ
The Subaru BRZ is known for relatively affordable insurance compared to other sports cars. Average annual premiums typically range from around $1,000 to $2,600, depending on age and location.
Younger drivers pay significantly more, with costs decreasing as drivers age. Insurers often view the BRZ as less risky due to its moderate power and safety features.
Fiat 124 Spider
The Fiat 124 Spider offers relatively low insurance costs compared to other sports cars. On average, full coverage insurance can range from $112 to $134 per month, depending on the insurer and driver profile.
Some companies, like American National and Allied, provide competitive rates, with annual premiums as low as $580 to $980. Modified or Abarth versions may have slightly higher rates but remain affordable overall.
Nissan 350Z
The Nissan 350Z is known for having relatively low insurance costs compared to other sports cars. Monthly premiums can start around $84, depending on the driver’s profile and coverage level.
Insurance rates for younger drivers, especially teenagers, tend to be higher due to increased risk. Still, for many adults, the 350Z remains an affordable choice for sports car insurance.
Providers like State Farm often offer competitive full coverage rates. The average annual insurance cost ranges from $564 for minimum coverage to about $1,299 for full coverage.