Shopping for sports car insurance? If you drive or plan to buy a sports car, it is very important to compare insurance quotes to get the best rates. Sports cars are more expensive to insure, but that doesn’t mean you still can’t find ways to save.
Even though sports cars can cost a little more than the average vehicle to insure, At ThinkInsure, we can help you get the cheapest policy. We’ll ensure you find the best coverage and savings.
Complete these quick and easy steps to compare quotes and start saving.
Enter your postal code and some basic information.
Provide your driving and vehicle information.
See quotes from the leading companies.
Choose the lowest rate. Confirm the details with our experts and get your policy.
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See all reviewssteve jonkhans
2024-09-26
i used thinkinsure to navigate a complicated car insurance situation after my prior broker could not find me the insurance i required. Denise Snyder Phillips was my agent and she was extremely helpful, efficient and responsive. Highly recommend thinkinsure for your insurance needs and ask for Denise!
Carrie Crump
2024-09-24
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2024-09-24
I was shopping around for some new auto insurance rates as my current policy was ending soon and was looking for cheaper premiums. I called ThinkInsure, and Todd helped me with the process start to finish. Communication with him after my initial phone call was flawless through email, often replying right away during business hours. He was easy to ask questions and provided multiple quotes to me when I needed to make some changes. I ended up getting better coverage for a much lower premium compared to my current provider with ThinkInsure. Thanks Todd for the seamless experience and helping me get setup!
Sports car insurance is a policy that is written with this specific vehicle type in mind. It shares many of the characteristics of car insurance in Ontario, but it also considers insurance needs for sports cars. They are more valuable, can go much faster than traditional vehicles, and require additional coverage, such as liability.
Sports cars and other high-performance vehicles follow the same insurance rules as other vehicles. You are required to have a minimum of $200,000 in third-party liability coverage. But considering the value and risks associated with sports cars, you’ll require higher plan limits.
Mandatory insurance includes third-party liability, accident benefits, direct compensation property damage (DCPD), and uninsured automobile coverage.
Comprehensive insurance is common for sports cars. You can also add other optional insurance such as collision and all perils, in addition to endorsements.
If you drive a sports car you can expect to pay higher insurance premiums. They generally cost more to insure than other vehicles such as cars, SUVs, and trucks.
The cost of a policy will vary from driver to driver. The make, model, year, features, and price will affect rates. Additionally, standard factors such as location, age, and driving history will also be factored in when calculating rates.
From an insurance standpoint, there is a difference between a car for everyday use and a high-performance car. There is no universal definition of what is considered a sports car by insurers. How vehicles are classified varies from one insurer to another. While there is not an industry agreed-upon definition, they tend to have these features :
You will get the same level of coverage as traditional insurance. It covers everything you would get with another policy – collision and comprehensive, and liability coverage.
One of the main differences is policy limits. Sports cars tend to need more protection or higher limits because they have a higher price tag and an increased cost to repair.
If you are shopping for a sports car based on insurance cost, here are some of the best models to consider :
Note : Vehicle features, make, model, year, and policy selected will all influence overall premiums.
Check out these tips to get cheaper car insurance rates for your sports car:
Here are the main factors that impact how much your premium is:
Sports car classification is determined individually by insurers. Speak with your insurer to see if your vehicle is considered a sports car. While you’re at it, get a car insurance quote to see if you can find a better rate for your sports car coverage.
The combination of driving a sports car and being a young driver or teenager will have a big impact. Expect to have expensive rates.
Yes. Most companies consider a Dodge Challenger a sports car.
Some insurers consider a Mini Cooper a sports car. Speak with your insurer to find out for sure.
Yes. Many providers classify a Subaru WRX as a sports car for insurance.
Yes. Most insurers consider a Toyota Scion as a sports car.
Insurance for an 18-year-old with a sports car will be more expensive than the average rates in your area. Compare quotes to get an accurate assessment.
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