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Fast Cars with Cheap Insurance

Last updated: February 26th, 2024

On average, fast cars are more expensive to insure. However, the price you’ll pay for car insurance depends on a variety of factors, including the specific make, model and year of the vehicle you have.

What does it cost to insure my fast car?

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Insuring a fast car

Driving a fast car is a unique and fun experience. If you’re lucky enough to have driven a sports car or muscle car, you understand the allure of a powerful engine and smooth acceleration. But if you’re thinking about buying one for yourself, there are a few things to keep in mind, especially when it comes to the cost of car insurance.

In this article, we’ll explain everything you need to know about car insurance for fast cars. We’ll reveal a few fast cars with low insurance premiums, and explain what features make fast cars more expensive to insure.

Is insurance higher for fast cars?

Car insurance premiums for fast cars are generally more expensive than rates for standard sedans or SUVs. There are a variety of reasons why insurance companies often charge higher rates for fast cars. Some of these reasons include:

Crash rates: Fast cars are more likely to be involved in accidents than other cars since driving at high speeds is inherently risky. This leads to higher insurance premiums.
Repair and replacement costs: Many fast cars have specialized parts that are not easy to replace or repair, or might have to be shipped from overseas. The cars themselves are also typically worth more than other cars, especially sports cars or muscle cars. These factors can lead to more expensive insurance premiums.
Risk of theft: Because sports cars and muscle cars are very valuable, they can have a higher risk of theft. Convertibles are more susceptible to theft because they are easier to break into if you leave the top down. Cars that have higher rates of theft often have more expensive insurance premiums.
Potential damage in an accident: Since fast cars can be driven at very high speeds, they can cause a lot of damage in the event of an accident. Insurance companies take this into account when determining rates and often raise insurance premiums for these types of vehicles.

While these factors often lead to more expensive insurance premiums, there are ways to get cheaper car insurance for a fast vehicle. For example, you can install safety features in your car, raise your deductible, take a defensive driving course, or look for other discounts to lower your premiums.

Fast cars with cheap insurance

While fast cars can be quite expensive to insure, there are some fast cars with low insurance costs – especially when you realize that not all fast cars are sports cars or muscle cars.

According to our analysis of recent rate data, the Hyundai Kona – described as the quickest subcompact crossover – is the cheapest fast car to insure. The Kona N can reach a top speed of 155 mph and can accelerate from 0-60 mph in only 4.8 seconds, faster than any other vehicle in its class.

After the Kona, the cheapest fast cars to insure are unsurprisingly SUVs such as the Ford Bronco, which goes from 0-60 in just 6.3 seconds, and the Jeep Grand Cherokee, which goes from 0-60 in a staggering 4.4 seconds.

In the table below, you can see the average car insurance premium for some of the most popular fast vehicles on the market:

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Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.

What muscle cars have the cheapest insurance?

While it’s good to know that there are cars that are both cheap to insure and fast, there’s no substitute for a fast muscle car if that’s what you dream of driving. The Ford Mustang is the cheapest popular muscle car to insure, with an average rate of $2,418 and a top speed of 163 mph.

Model	Premium
Ford Mustang	2,660
Dodge Challenger	2,922
Dodge Charger	3,186

Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.

While these are the cheapest muscle cars to insure based on average rate data, keep in mind that there are many factors that impact the cost of car insurance. Your age, credit score, claim history, location, and insurance company are several other factors that determine the cost.

For example, it’s probably difficult to find cheap fast cars to insure at 18, given that young drivers typically pay the highest rates for insurance. Getting multiple rate quotes could help you find the best fast cars with cheap insurance for young drivers based on your individual situation.

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Is it cheaper to insure a car that has a fast engine?

No, it’s not cheaper to insure a car with a fast engine. In fact, insuring a car with a fast engine can be significantly more expensive than insuring a vehicle with a standard or slower engine.

This is because cars with fast engines often have higher repair and replacement costs. Additionally, fast car owners may engage in riskier driving behavior, which can lead to more accidents and claims, and therefore, higher insurance rates.

If you’re looking for a fast car with cheap insurance, you will probably need to get multiple quotes to find a policy that fits your budget. You can use our insurance comparison tool to find affordable rates for the fast car you want.

How much should I expect to pay to insure my fast car?

Personalized rates at the top insurance companies in your state

Your rates will vary based on where you live, your age, and other factors like your driving record

Cheapest car insurance companies for fast cars

Insurance companies charge different rates to different people based on factors like where you live, your age, and your driving record. While there isn’t a company that will be cheapest for all owners of fast cars, Kemper, Safeco, Nationwide, and Progressive all tend to provide more affordable rates for vehicles like sports cars. The only way to find the cheapest insurance for you is to compare personalized rates at each company near you.

How to get cheap car insurance for your fast car

The best way to know you aren’t overpaying for car insurance is to compare personalized rates at each of the car insurance companies near you.

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Frequently asked questions

Are V8s more expensive to insure?

A V8 engine is a type of engine with eight cylinders that is known for its power and performance capabilities. V8 engines have more horsepower and higher maintenance costs than V6 engines, which can increase the cost of insurance. However, that doesn’t mean cars with a V8 engine will always be more expensive to insure. There are many other factors that affect the cost of insurance, such as the safety features installed in the car, your policy preferences, and personal factors.

What car is the fastest from 0 to 60?

Because car manufacturers are always innovating, it’s difficult to determine which car has the fastest 0-60 mph acceleration. However, the Tesla Model S Plaid is often considered to be one of the fastest accelerating cars on the market. The Model S Plaid can go 0-60 in 1.99 seconds and has a top speed of 200 mph.

Is 0 to 100 in 6 seconds fast?

Cars that can accelerate 0-100 mph in six seconds are very fast. If you’re looking for a car that accelerates that quickly, you can expect to pay an above-average car insurance premium. However, you can find a fast car with cheap insurance by comparing quotes for different vehicle types and getting estimates from multiple insurance companies.

Methodology

Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.

For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.

These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.