Cheapest Car Insurance for Sports Cars (2025)
USAA and State Farm offer the cheapest insurance for sports cars, but the best insurer for your make and model could be different.
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Insuring a Ford Mustang, Subaru BRZ, Hyundai Veloster, or Mercedes-Benz SL can cost significantly more than buying coverage for a sedan like a Toyota Camry. Higher values, and high-performance features that may tempt drivers to speed and take on other dangerous driving behaviors, increase insurance costs for sports cars.
The average monthly cost of insuring a sports car varies based on the model. You can get full coverage on a Ford Mustang for $181 per month. It’s one of the cheapest sports cars to insure. Meanwhile, a BMW i8 will cost you $343 per month for full coverage.
Comparing rates from multiple insurance companies is the best way to find the coverage you need at an affordable price, regardless of whether you want to insure a sports car or a minivan. In this guide, you’ll find options for insuring sports cars so you can match costs against your favorite make and model.
Cheapest car insurance for sports cars
From classic American muscle cars like the Ford Mustang and Dodge Challenger, to exotic imports like the Porsche 911 and Lamborghini Huracán, sports cars are popular throughout the United States. Depending on your vehicle’s make, model, and performance features, an insurance company may charge high premiums. That’s why it’s important to compare quotes from multiple insurers to find the cheapest insurance for your sports car.
In the sections that follow, you’ll see average rates for some of the most popular sports cars in the United States, including the Chevy Corvette, BMW i8, and Mazda MX-5.
Toyota GR86
Achieving record sales in 2022, the Toyota GR86 celebrates its 10-year-anniversary in 2024.1 This affordable sports car is available with either an automatic or manual transmission, 228 horsepower, and Michelin Pilot Sport 4 tires.
USAA and State Farm offer the cheapest insurance for the Toyota GR86.
Ford Mustang
The Ford Mustang is one of the world’s bestselling sports cars and a popular choice in the U.S. market since its creation in 1964. The latest models in its 60-year history include the 2024 Mustang Dark Horse and 2024 Mustang GT Fastback.
USAA typically has a lower rate for full-coverage insurance for Ford Mustang models.
Chevrolet Camaro
Although this was a popular model in the United States, Chevrolet will discontinue the sixth-generation Chevy Camaro after it releases the 2024 models. Despite the Camaro being showcased in major films and raced in sports like NASCAR, sales have declined over the years.
Drivers can find cheap full-coverage insurance for a Chevrolet Camaro with USAA, State Farm, GEICO, and Safeco.
Dodge Challenger
Outselling both the Ford Mustang and Chevrolet Camaro in 2022, the Dodge Challenger was America’s best selling muscle car for the second consecutive year.2 The Dodge Challenger SRT Super Stock is also the most powerful, mass-produced V8 engine, with the highest horsepower.
Consult the insurance experts at USAA for the cheapest Dodge Challenger full-coverage policies.
Porsche 911
Often voted the most popular vehicle brand in the United States in J.D. Power studies, Porsche vehicles continue to grow in demand worldwide. In 2021, approximately one out of every seven Porsche cars delivered in the United States was a Porsche 911.
Sports car drivers can find cheap Porsche 911 full-coverage insurance from USAA and State Farm.
Audi A5
The Audi A5 has been an IIHS Top Safety Pick for multiple years because of its safety features, including an anti-theft device and other risk-mitigating inclusions.3
People with an Audi A5, especially young drivers, should look to USAA.
Chevrolet Corvette
The Chevrolet Corvette is said to be not only the best sports car in the United States in terms of market share, but also the world’s longest-running continuously produced sports car.
USAA is one of the full-coverage insurers offering the cheapest insurance for high-end sports cars like the Chevrolet Corvette.
Mazda MX-5 Miata
The Mazda MX-5 Miata has a 30-year track record of success, with the second-generation MX-5 earning a recognition from Guinness World Records as the bestselling two-seater convertible sports car in the world.
Mazda MX-5 Miata owners should look for full-coverage insurance from insurers like USAA, State Farm, GEICO, and Safeco.
BMW i8
The BMW i8 is no longer in production; however, this plug-in hybrid model outsold its competitors since its first run on the market in 2014. It became the most successful sports car with an electrified drive system in the world and was officially discontinued in 2020.
USAA has the cheapest rates for BMW i8 full-coverage insurance.
Lamborghini Huracán
The most popular Lamborghini model in the United States right now, the Lamborghini Huracán is one of the highest-selling vehicles in the company and one of the fastest cars on the market.
You can find cheap Lamborghini Huracán full-coverage insurance from USAA and State Farm.
How to get the cheapest sports car insurance
Consider these steps when shopping for the cheapest sports car insurance:
Do your research. Although insurers operate differently, many will have the same ratings for certain sports cars. For example, a sports car like the Audi A5 may have better safety ratings than others, like a Ford Mustang. Research which sports cars insurers generally offer the lowest rates for.
Know what coverage you need. Depending on whether you own or lease your car, and if it’s customized or a special edition, it’s a good idea to know which coverage options you need and want. For instance, if you lease a vehicle, you might need gap insurance. If you have a collector car, it might require special parts coverage.
Compare rates. Insurers may offer a range of rates for diverse policyholders, even two policyholders with the same driver profiles. That’s why it’s important to compare rates from multiple insurers before choosing a policy.
Limit your own risk factors. Some aspects of your insurance rate, like your age and gender, are outside your control. Others are quite the opposite. Improving your credit score and maintaining a clean driving record can help you secure more affordable car insurance coverage.
What sports car insurance covers
In most cases, sports car insurance isn’t so different from a standard insurance policy. Your sports car coverage still needs to meet the minimum state insurance requirements, so all sports car policies will include liability insurance. Most insurers offer full-coverage policies for sports cars as well; this may include collision, comprehensive, towing, roadside assistance, and uninsured/underinsured motorist coverage.
Some insurers, like Hagerty, can also offer specialty insurance for sports cars that are considered collector vehicles or street-legal sports cars that you use for racing.
Typical coverages offered for sports cars may include:
Factors that affect your car insurance rates
Many things can affect your car insurance rates, including the type and amount of coverage you have, your age, your gender, your credit score, your ZIP code, your driving history, and how much you use your car.
Your sports car insurance premiums may also change based factors like the following:
The cost to replace or repair parts: Sports cars aren’t normally as mass-produced as more economical vehicles, so replacement parts and repair costs may be higher than for standard cars.
Performance features: High-performance cars are often considered a higher risk in the eyes of insurers because features like amplified horsepower can encourage drivers to speed or drive irresponsibly.
Rate of theft: High-end sports cars are especially vulnerable to theft because they’re among the most expensive vehicles on the market.
Sports car insurance FAQs
Whether you’re a young driver leasing your first sports car or an older driver purchasing a muscle car as a secondary vehicle, here are answers to some frequently asked questions about obtaining an insurance policy for your sports car.
Who has the cheapest sports car insurance?
Even with all their high price tags, USAA has the cheapest sports car insurance for all the models above. Average rates for full-coverage policies tend to fall between $110 and $269 per month, depending on the vehicle. Remember that your rate could be higher or lower than these average rates, based on your driving history and any discounts. And if you’re not a member of the military and, thus, ineligible for USAA coverage, look to State Farm for affordable rates.
How much does sports car insurance cost?
Sports car insurance, like standard car insurance, will range in cost for each individual driver. For both standard car insurance and sports car insurance, factors like your driving history, ZIP code, age, credit score, and gender influence policy rates. However, sports car insurance tends to cost more and may also be priced by how the insurance company defines a sports car based on its performance features, safety features, value, and price of replacement parts.
Does a sports car cost more to insure?
Yes. Many insurance companies claim that sports cars, especially those that are brand-new, likely cost more to insure than other vehicles. This is because high-performance vehicles have parts that may be more expensive to replace. These sports cars may also be more expensive to replace if stolen, and an engine with greater horsepower could tempt drivers to speed, which could lead to speeding tickets and even car accidents.
How can you lower your sports car insurance cost?
Comparing car insurance rates from multiple insurers is the best way to find affordable coverage. You can also ask your insurer about any discounts that might apply. For example, many insurers provide a discount to policyholders who pay their entire premium up front rather than on a monthly basis.
Although reducing coverage from full to minimum liability can lower your car insurance rates, it’s probably a good idea to maintain full coverage on a high-value sports car. And if you finance or lease your sports car, your lender or leasing company will require you to have full coverage.
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