Do sports cars typically have higher insurance premiums?

Yes, sports cars usually have higher insurance premiums because they are typically more expensive to repair or replace due to their high speeds and expensive parts. Insurance companies may see sports cars as having a higher risk of accidents; additionally, drivers of sports cars may be seen as more likely to engage in risky driving behaviors. This increased risk results in higher insurance premiums for sports car owners compared to those who drive standard cars.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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