Investing in a sports car often requires a lot of financial commitment, and a lot of thought must be put into the decision-making process. One of the aspects that many prospective buyers seem to forget, though, is the fact that sports cars are amongst the most expensive cars to insure, courtesy of the risky driving many of their owners partake in.
Luckily, not all sports car insurance have the same impact on owners’ pockets. Some sports cars, especially those known to be used for racing, are much more expensive insurance-wise. If you’re looking to save money on your insurance bill, here are 3 sports cars you may want to consider purchasing.
1. Ford Mustang GT
The first car on this list is a classic sports car, and it is luckily a car that is not too expensive to insure. Courtesy of its IIHS safety ratings, the Ford Mustang is one of the more affordable cars to insure at around $1,650 a year.
On top of the safety ratings, many safety features add to the relatively low insurance rates, from a cruise control system with collision warning as well as reverse sensing system.
If you want to get the best deal on your insurance, go with a weaker engine model, as the weaker models still make for a great drive.
2. Chevrolet Corvet Stingray
The Corvet may be one of the most overly-sporty sports cars among any list of sports cars, yet the insurance premium stands at only $1,562 a year. With no crash testing and a lack of advanced safety packages, some wonder how the Corvet’s insurance can be so affordable?
The insurance rate comes down to, in the end, the heavy reliance on handling and mechanical grip that the Corvet boasts. The Performance Package that the Corvet boasts can also help this sports car insurance rate with bigger front brakes and more reliable tires.
3. Mazda MX-5 Miata
The Mazda MX-5 Miata is by far the cheapest sports car to insure on the market. This car boasts some of the best handlings on the road and has additional performance package options that can improve braking.
On top of that, the Miata has some of the best safety features available, making it a great option for insurance companies. From the blind spot monitoring to lane departure signals, the Miata is a safety nut’s dream sports car and an ideal option for anyone looking to save money on insurance when buying one.
Are You Looking to Save on Sports Car Insurance?
Once you’ve chosen the right company to insure your beloved sports car, you will need to find a car that is not only within your price range for purchase but also within your range for insurance purposes.
If you’re looking to get a quote on a new or planned sports car that you’re buying in the North Carolina area, visit our website for a free quote on any type of insurance you’ll need.