Cheap Auto Insurance for a Sports Car in 2026 (10 Best Companies for Savings)

Progressive, State Farm, and Geico offer the best deals on cheap auto insurance for a sports car, with rates starting at $101 per month.

Progressive is the top pick overall because it offers the best balance of low rates, discounts, and flexible coverage.

Our Top 10 Company Picks: Cheap Car Insurance On a Sports Car

State Farm provides strong customer service, while Geico has consistently low rates. These companies make it easier for sports car owners to get affordable coverage by offering competitive rates, multiple discount options, and policies that fit different driving needs (Read more: Do I need multiple policies to get enough coverage?).

Finding cheap sports car insurance quotes is easy. Just enter your ZIP code into our free comparison tool to instantly compare quotes near you.

#1 – Progressive: Top Overall Pick

Pros

• Loyalty Rewards: Progressive offers a discount and accident forgiveness to long-time customers, helping sports car owners save more money the longer they stay insured.
• Lowest Monthly Rates: Progressive provides the cheapest minimum coverage for a sports car at just $101 per month.
• Snapshot Discount: Safe driving with a sports car can lead to additional savings through Progressive’s usage-based program, which claims customers save an average of $231 per policy period.

Cons

• Higher Full Coverage Costs: While minimum coverage is low, full coverage for a sports car costs more at $215 per month.
• Fewer Local Agents: Sports car drivers who prefer in-person help may find fewer local offices compared to other insurers. Get the full details in our Progressive auto insurance review.

#2 – State Farm: Cheapest With Discounts

Pros

• Big Cost Savings: State Farm helps sports car owners save money with good rates.
• Low Monthly Rates: State Farm offers a solid minimum coverage rate of $116 per month for a sports car.
• Bundling Discounts: Sports car owners who bundle auto and home insurance with State Farm can save even more, up to 17%.

Cons

• Limited Multi-Policy Discount: State Farm’s bundling discount for sports car owners isn’t as high as some competitors. Find out more in our State Farm insurance review.
• Premiums Can Vary: Sports car insurance rates may be higher in some states, depending on driving history.

#3 – Geico: Cheapest for Good Students

Pros

• Great for Student Drivers: Geico offers up to a 15% discount to good students, helping young drivers save money on sports car insurance.
• Competitive Monthly Rates: Geico’s minimum coverage for a sports car starts at $121 per month. Want more details? Check out our Geico auto insurance review.
• Safe Driver Savings: Geico gives rewards for safe driving, which can help sports car owners save on their insurance costs.

Cons

• High Full Coverage Costs: Full coverage for a sports car with Geico costs $284 per month, which is higher than some competitors.
• Fewer Customization Options: Geico has fewer add-ons, such as gap, for sports car insurance compared to some other companies.

#4 – Nationwide: Best for Vanishing Deductible

Pros

• Lower Deductible Over Time: Sports car owners can benefit from Nationwide’s vanishing deductible program, which lowers deductibles for each claims-free policy period.
• Affordable Minimum Coverage: Nationwide offers sports car insurance starting at $124 per month.
• Strong Customer Support: Nationwide offers dependable support to make it easier for sports car owners to handle their policies.

Cons

• Limited Availability: Nationwide’s sports car insurance isn’t available in all states. Discover more in our Nationwide insurance review.
• Fewer Online Tools: The digital tools and app features aren’t as advanced as those offered by some other companies.

#5 – Farmers: Cheapest for Family Plans

Pros

• Family Discount Options: Farmers gives up to a 20% multi-car discount to families who insure several sports cars with the same policy.
• Reasonable Monthly Rates: Farmers’ minimum coverage for a sports car costs $126 per month. Learn the details in our Farmers insurance review.
• Good Customer Service: Farmers have great customer support, which makes it easier for sports car owners to handle claims and make changes to their policies.

Cons

• Higher Full Coverage Rates: Farmers offer full coverage for a sports car for $299 per month, which is on the higher end.
• Limited Discount Availability: Some sports car owners may not qualify for all discounts depending on their location.

#6 – American Family: Best for Claims Service

Pros

• Reliable Claims Service: The American Family keeps claims simple and hassle-free, so customers get help when they need it most.
• Competitive Rates: American Family minimum coverage for sports cars starts at $131 per month, which helps keep costs lower.
• Discount Opportunities: American Family offers up to 25% off when you bundle your policies and gives rewards for sticking with them.

Cons

• Limited Nationwide Availability: American Family is not available in all states, limiting its reach. For more info, check our American Family insurance review.
• Fewer Online Tools: American Family’s website and app do not have as many features as other insurance companies, making it harder to manage your account.

#7 – Travelers: Cheap Comprehensive Coverage

Pros

• Comprehensive Coverage: Travelers does a great job of giving sports car owners plenty of coverage choices, from rental coverage to loan/lease gap insurance.
• Affordable Minimum Coverage: Travelers provides minimum coverage for sports cars at $132 per month, making it a great option for car owners.
• Safe Driver Discounts: Policyholders can benefit from discounts to maintain a clean driving record. Unlock more info in our Travelers auto insurance review.

Cons

• Limited Customer Service Availability: Travelers’ customer support is unavailable as many hours as other insurance companies.
• Higher Deductibles: Some policyholders may have higher deductibles for specific coverage plans.

#8 – The Hartford: Best for Safe Drivers

Pros

• Great for Safe Drivers: The Hartford gives sports car owners a 5% discount if they’ve gone accident-free.
• Affordable Minimum Coverage: The Hartford offers sports car insurance starting at $136 per month.
• AARP Member Perks: AARP members can get an additional discount of up to 10% for being an AARP member.

Cons

• Higher Full Coverage Rates: Full coverage for a sports car with The Hartford is $311 per month, which is higher than average.
• Eligibility Limits: Some discounts and perks require AARP membership (Read More: Hartford Insurance Review & Ratings).

#9 – Liberty Mutual: Cheap Add-on Coverages

Pros

• Custom Coverage Options: Liberty Mutual allows sports car owners to add extra coverage like new car replacement, which replaces a new totaled car with one of the same make and model.
• Competitive Monthly Rates: Liberty Mutual’s minimum coverage for a sports car starts at $141 per month.
• Accident Forgiveness: Liberty Mutual helps sports car owners avoid rate hikes after their first accident.

Cons

• Expensive Full Coverage: Full coverage for a sports car with Liberty Mutual costs $320 per month.
• Rates Can Increase: Premiums may rise after a claim, even with accident forgiveness (Learn More: Liberty Mutual Insurance Review).

#10 – Allstate: Cheap Customized Policies

Pros

• Customizable Policies: Allstate lets drivers carry minimum coverage or add on extras like roadside assistance or rental reimbursement.
• Wide Availability: Sports car owners can count on this option since minimum coverage costs $150 per month and is easy to find.
• Safe Driving Discounts: Allstate rewards drivers with various discounts who maintain a clean record.

Cons

• Expensive Minimum Coverage: Allstate has the highest minimum coverage rates among top providers.
• Premium Fluctuations: Rates can change significantly based on driving history and location. Learn more in our Allstate auto insurance review.

Sports Car Insurance Rates

A sports car usually raises insurance costs because insurers see it as a higher risk. These cars are built for speed, making accidents more likely. How much is insurance for a sports car?  Take a look at rates by popular models below.

Sports Car Insurance: Monthly Rates for Popular Models

Of course, choosing a more affordable company can help make rates more affordable. Take a look at the average cost of sports car insurance at the ten best companies below.

Sports Car Insurance: Monthly Rates by Coverage Level

While these rates give you an idea of how much is sports car insurance, insurance companies consider many factors when setting rates, including your car type, age, location, credit history, and driving record.

Sports cars often lead to more claims and costly repairs, so they usually come with higher premiums (Read more: Why Auto Insurance Rates Go Up). However, make sure to check discount options to see if you can save.

Car Insurance Discounts From the Top Providers for Sports Cars

Since insurers pay more claims for sports cars, they charge higher rates to cover the risk. But discounts can help make rates more affordable.

If you don’t drive your sports car much, your insurance might not be as high. Many companies offer discounts for low mileage since it lowers accident risk. While sports cars are expensive to insure, driving less could help reduce costs.

You may only take your flashy ride out for a spin on weekends or during a nice, sunny day. With less mileage driven, you can expect lower premiums on your policy. But don’t forget to stick to the agreed-upon mileage limits, or else your policy could become invalid, resulting in significant fees.

Insurance Cost for Young Drivers With Sports Cars

Age has a big impact on sports car insurance costs. Drivers between 30 and 69 usually get the cheapest auto insurance for sports cars, while those under 25 pay much more due to higher accident risk. Young drivers are often considered high-risk drivers by auto insurance companies.

Young drivers already face high insurance costs, and adding a sports car makes it even pricier. Young drivers who own sports cars can face insurance rates that are easily 3 times more expensive than more experienced drivers who own the same exact riskier vehicle.

Younger drivers with sports cars will pay the highest premiums, as you can see in the table below.

Sports Car Insurance Rates for Young Drivers

25-year-old drivers will still pay expensive rates, but they still pay much less than a 16-year-old driver with a sports car.

Sports cars are faster and cost more to repair, increasing risk, especially when driven by an inexperienced driver. Getting a quote can help you see the full cost.

Expect high premiums and deductibles for drivers under 25, including those as young as 16. Since they have less experience, insurers charge more, but comparing quotes can help find better rates.

Read more: Get Low-Cost Car Insurance with Driver Discounts

How Insurance Companies Define Sports Cars

What cars are considered sports cars for insurance? Insurance adjusters look at specific things when they they determine what is considered a sports car for insurance. Insurance companies classify a vehicle as a sports car by looking at its number of cylinders, horsepower, make and model, and weight and height, among other specifications.

Typically, sports cars have two seats, a softback, and race-quality high-performance mechanics. However, the definition of a sports car for insurance purposes can vary between providers.

Read more: Compare Online Car Insurance Quotes to Save Money

Have you ever wondered what makes insuring a sports car so much more expensive than a typical car? Some insurance companies charge higher rates for sports cars because they see them as riskier to drive.

Sports cars often come equipped with high-performance engines that can make them more prone to accidents.

After all, it’s hard to resist the thrill of the open road when you’re behind the wheel of a speedy machine On top of that, sports cars tend to be flashier and more attractive to thieves and vandals, which means the risk of theft or criminal damage is higher. And if something does happen, the specific and often hard-to-source parts that make up these vehicles can make repairs expensive and time-consuming.

All of these factors come into play when insurance providers calculate premiums, which is why insuring a sports car can come with a higher price tag. To save on insurance on a sports car, look for providers that offer savings for safe driving, bundling policies, or having security features on your car.

How Insurers Determine Sports Car Insurance Rates

Sports car insurance costs vary because companies use different risk factors to set rates. Your quote depends on things like your driving record, car type, location, and age, with younger drivers paying significantly more for coverage (Read more: Cheap Car Insurance for 18-Year-Old Drivers). Since insurers weigh these factors differently, it helps to understand what affects your rate.

Getting quotes from multiple companies is the best way to find a good deal. Ask how they calculated your rate and look for ways to lower it, like adjusting your deductible or improving your credit score. Comparing options can help you save money.

 

Sports car insurance is usually higher due to speed and repair costs. The car model and coverage level also matter. If you want cheaper insurance, ask companies which sports cars cost less to insure before you buy.

Higher Accident Rates

The truth is that motorists are more likely to drive fast behind the wheel of a sports car, and speeding causes accidents. Add the fact that sports cars are high-performance vehicles, which in unskilled hands can lead to unsafe and reckless driving.

Statistics show that sports cars have a higher number of accident claims than other vehicles (Learn More: Complete Car Accident Checklist). Smaller sports cars with more horsepower present even higher risks for insurers, so they protect themselves by charging higher rates for sports car policies.

Greater Theft Risk

Sports cars, like other expensive high-end cars, are more likely to be stolen or vandalized. Comprehensive insurance, which is add-on coverage, covers auto theft and vandalism. Sports car owners should expect to pay more for comprehensive coverage.

Learn More: What personal records do insurance companies need for vehicle theft claims? 

Also, some modifications make a car a prime target for thieves, such as modifications that make your vehicle more powerful or visually attractive. While some modifications, like adding immobilizers, could maybe lower your premiums by improving car security, most modifications will drastically increase your monthly car insurance cost.

High Dollar Value of Sports Car-Related Claims

Remember, it’s not just the increased number of accidents and damage claims for sports cars. It’s also the high-dollar value of the claims that are paid out relating to these very expensive cars. The cost to repair or replace high-end sports cars is, on average, higher than other automobiles, which is why high-performance car insurance can be more expensive.

If your sports car is totaled in a wreck or never recovered after a theft, car insurance for a totaled vehicle covers either its value or an agreed replacement cost, minus your deductible. That’s what you’re paying for, after all.

Insurance is higher on sports cars because they are expensive to replace, especially given that some collectible and other high-end sports cars increase in value over time.

High Repair Cost

Sports cars are rare and expensive, and their parts are costly and often custom-made. Repairs require specialized mechanics and unique paints, making the process take longer than for regular cars.

Read More: Car Repair Estimate: How to Get Money to Repair Your Vehicle

Since repairs take longer, insurers cover rental cars or other transportation, adding to costs. Cheap car insurance for sports cars can be hard to find because high-performance cars have complex repairs, which makes insurance more expensive.

The Cheapest Sports Car to Insure

Some sports cars, like the Mazda MX-5 Miata and Subaru BRZ, come with lower insurance costs (Learn More: How much does MAZDA MX-5 Miata car insurance cost?). Certain Chevrolet and Ford models also balance performance with affordability. Owning a sports car with good safety features and moderate horsepower can help keep rates down.

Finding low sports car insurance costs takes effort, but it’s possible by comparing quotes, keeping a clean driving record, and choosing a lower-risk car. Some insurers offer better rates for sports cars, so shopping around for the cheapest insurance for sports cars is key to saving money.

Case Studies: Drivers Who Found Cheap Insurance for Sports Car

Finding cheap car insurance for a sports car isn’t always easy, but some drivers have saved money by choosing the right provider. Here are three real-life examples of drivers who found affordable coverage with Progressive, State Farm, and Geico.

• Case Study #1 – Jake Saved Money With Progressive: After comparing options, Jake discovered that Progressive offered the best deal for his Ford Mustang due to safe driving discounts.
• Case Study #2 – Lisa Picked State Farm for Good Service: Lisa wanted low-cost insurance for her Chevy Camaro. State Farm gave her a great price for bundling policies.
• Case Study #3 – Mike Got the Lowest Rate With Geico: Geico offered him the lowest rate for his Dodge Challenger, and by taking advantage of their defensive driving discount, he saved even more.

No matter your situation, comparing quotes from Progressive, State Farm, and Geico can help you find the best deal. Like these drivers, you can save money on your sports car insurance with the right company and discounts.

Read more: Best Liability-Only Car Insurance

Finding Cheap Car Insurance for a Sports Car

If you drive a sports car, your insurance rates will likely be higher due to the increased risk of accidents, theft, and expensive repairs. Sports cars are usually high-performance, fast, two-door vehicles.

Some powerful sedans may have strong engines, but their safety features often keep them in a standard insurance category. Finding cheap car insurance for a sports car can be challenging, but knowing what affects pricing can help (Read More: What You Should Know About Auto Insurance).

Young drivers may face even higher costs, but choosing a less powerful car can help. Some models also qualify for insurance discounts. No matter what, having the right coverage is key to protecting your car if it’s stolen or in an accident. Comparing providers and understanding policies can help you find the best balance between cost and coverage.

See which companies have the cheapest rates for you by entering your ZIP code in our free comparison tool.