Insurance for your sports car

Sports cars have a tendency to be more expensive to protect, but it’s possible to put the brakes on higher cost sports car insurance if you choose to bundle your existing home and auto insurance with insurance for your sports car.

What vehicles are considered sports cars?

Vehicles with higher horsepower tend to fall into the category of sports cars. Typically, these cars have two doors, sit closer to the ground and usually have two seats. There are also different varieties of sports cars, such as the traditional sporty vehicles like Chevrolet Camaros or Corvettes, Dodge Challengers or Toyota Supras, and higher-end vehicles like Lamborghini, Ferrari and Porsche.

Not all fast cars are considered sports cars. It’s more than just speed that matters. Here are some additional characteristics that sports cars share:

• Engine size
• Number of cylinders
• Height
• Weight
• Horsepower

Is insurance on a sports car more costly?

It can be. With all the technology that goes into sports cars, they’re not the most economical cars you can drive. Here are a few reasons why:

• Powerful engines may encourage some people to drive faster, increasing the risk of a speeding ticket or accident. This could result in an increased rate for the individual.
• High-performance parts may be more difficult to replace since they aren’t mass-produced.
• Some sports cars have a higher theft rate, including convertibles which may be more accessible.
• If the car is damaged or totaled, it will be more costly to repair or replace since replacements are harder to come by.

Making sports car insurance less expensive

While insuring your sports car can be more expensive than insuring other kinds of cars, you may be able to lower your costs while maintaining the coverage you want. Here are some tips to consider that may help you lower the cost:

• Installing a car alarm or some other kind of anti-theft device.
• Using a different car for everyday driving to help reduce the miles you drive your sports car.
• Maintaining a clean driving record.
• Insuring multiple cars to take advantage of any available multi-car discounts.
• Combining your auto and home insurance for multiple line savings.
• Taking a driver safety course.
• Purchasing a car with a higher safety rating.
• Considering needed coverages and limits including available deductibles.

Have more questions about vehicle insurance?

Here are some additional resources to help you make the best decision when insuring your vehicles:

• Get answers about auto insurance
• What factors influence car insurance rates?
• Shopping for a classic? Here’s a buyer’s guide
• Exploring car insurance deductibles and coverages
• How much car insurance do I need?