Finding the Right Sports Car Insurance Quote

Sports cars & luxury cars come with sky-high insurance costs

See if car insurance is more expensive for that shiny new sports car and how to find the best sports car insurance quotes at CarInsuranceQuote.com.

What are the most expensive luxury sports cars to insure?

Luxury sedans and sports cars are the most expensive cars to insure, while family-friendly vehicles like mini-vans and sports utility vehicles are the least.

The flashy Mercedes SL65 AMG roadster is the most expensive car on the market to insure. The average premium for the two-door, 12-cylinder convertible cost a pretty $3,543.81 per year, more than triple the price of the least expensive vehicle, the Chrysler Town and Country LX, which costs $1,091.81 to insure.

Why are sports cars so expensive to insure?

“Any vehicle that would cause a teenage boy to stop and gawk would likely cost a pretty penny to insure,” said Russ Rader, a spokesperson for the Insurance Institute for Highway Safety’s Highway Loss Data Institute. He added that many of those vehicles – like the Mercedes SL65 AMG, with a price tag of $198,750, according to Yahoo Auto – ring up for as much as small houses, meaning that maintenance costs are also hefty.

Other luxury cars making up the most expensive list include the BMW 750Li, Aston Martin DB9 and the Mercedes SL63 AMG. The least expensive vehicle on the 20-car list was the Jaguar XJ Supercharged, whose national annual premium is about $2,853, still over $1,700 more than the Chrysler Town and Country LX.

According to the website, premium costs for collision and comprehensive sports car insurance policies are determined by the loss history of the model. Loss history refers to the frequency and severity of claims that are usually filed by other drivers of the same model, meaning that some vehicles chosen for their speed and attractiveness will have higher insurance rates.

What types of policy quotes are less expensive than sports car insurance quotes?

On the other hand, sedans, mini vans, and other vehicles that are usually chosen for their family-friendliness cost significantly less to insure because the people who buy them aren’t generally driving them fast or aggressively.

Bottom line in getting a cheap sports car insurance quite

However, if a consumer decides to invest in a flashy, pricey sports car, purchasing a form of sports car insurance is probably necessary because of multitude of expenses that can result from any accident or malfunction. Insuring a sports car is also costlier than an average vehicle because even their individual parts can often sell for pretty prices in the black market. Replacing one feature on a luxury vehicle like the BMW 750i can cost, “a small fortune.”