Dec 14, 2009
Cheap Car Insurance for Sports Cars in the U.S.
U.S. cheap insurance for sports cars can be difficult to find. The cars themselves are high ticket items and they are very expensive to repair if an accident occurs. Additionally, it is a well established fact that these owners are high risk drivers and the insurance companies charge higher rates as a result.
If you are buying a performance car, it is a reasonable assumption that you want to drive very fast. When you drive fast, you are more likely to get into wrecks. Wrecked sports cars are pricey to repair.
Sports cars dominate the list of the most expensive vehicles to insure with the 2009 Nissan GT-R leading the pack at $2500 a year. Part of the GT-R’s expensiveness is that it is new and thus the insurance companies have no standard against which to base their rates.
At the other end of the spectrum, the Ford Mustang G-T is the least expensive sports car to insure.
For reference, the Hyundai Santa Fe is the new vehicle with the lowest price insurance ticket.
Beyond claims and the price of the car, insurers also look at the horsepower to weight ratio and the 0 to 60 miles per hour times. These things distinguish a high-performance car from a mid performance one.
But the vehicle details aren’t the only factors that go into what your insurance policy is going to cost. Your age is a factor – there are breaks at 21 and 30 – gender, and marital status are all considered. Additionally, some insurance companies monitor your odometer reading or get you to put in a GPS system so they can track your driving habits.
Remember, there are different types of insurance. If you only want to meet the state’s minimum requirements, you can get straight liability coverage which protects the other vehicle. For most types of cars, liability insurance is one rate, but for sports cars (because they are built for speed), you will pay a premium even for liability insurance. If you want protection for your own car, you’ll need to get comprehensive coverage.
That’s the basic facts on U.S. cheap car insurance for sports cars.
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