Sports Car Insurance Rate Comparisons

Sports cars are the dream of every young boy and middle-aged man. But will the cost of insurance shatter your dreams of owning a high-performance whip?

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The cost of insurance for sports cars generally increases with horsepower and sticker price. Models included in our 2022 rate comparison range from the buget-friendly Mazda MX-5 Miata that has a MSRP of $26,830, to several luxury sports cars that can cost over $200,000 like the Acura NSX, Audi R8, or the Nissan GT-R.

If you can afford to drop six figures on a car that probably isn’t even your primary vehicle, it’s likely that the insurance cost is not a big factor when buying a high-performance sports car.

Regardless, let’s take a look at the roundup of 2022 sports car models and see how insurance rates compare for the 23 cars in the segment.

How much does insurance cost for a sports car?

Just like the wide range of sticker prices on sports cars, insurance cost also varies broadly. From the Mazda MX-5 Miata at $1,312 per year to the Nissan GT-R at $3,132, the overall average rate for the sports car segment is $2,135 annually.

Insuring a sports car on average costs $584 more per year than the average vehicle. If you’re needing to budget monthly, expect the cost for full coverage to range from $109 to $261 per month, depending on the model.

The table below ranks insurance cost for the 23 models in the sports car segment by annual and monthly insurance cost.

Sports Car Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Mazda MX-5 Miata$1,312$109
2Ford Mustang$1,596$133
3BMW Z4$1,628$136
4Subaru WRX$1,722$144
5Toyota GR86$1,764$147
6Toyota GR Supra$1,804$150
7Audi TT$1,844$154
8Subaru BRZ$1,898$158
9Chevrolet Corvette$1,908$159
10BMW M3$1,960$163
11Porsche 718$2,044$170
12Chevrolet Camaro$2,096$175
13Lexus RC F$2,138$178
14Dodge Challenger$2,152$179
15Mercedes-Benz AMG GT53$2,186$182
16Jaguar F-Type$2,286$191
17Porsche Taycan$2,346$196
18Porsche 911$2,402$200
19BMW M4$2,410$201
20Lexus LC 500$2,494$208
21Acura NSX$2,924$244
22Audi R8$3,052$254
23Nissan GT-R$3,132$261

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on April 2, 2022
    Sports Car Insurance Cost Comparison

    We do not include supercars like the McLaren F1, Ferrari Enzo, or Bugatti Veyron in our sports car comparison because they are in a class by themselves both performance-wise and cost-wise.

    In addition, it would be difficult to insure that class of vehicle with a normal mainstream insurance company. Coverage would have to most likely come from a carrier that specializes in exotic, high-performance vehicles due to the specialized coverages required.

    Which sports car has the cheapest insurance?

    The cheapest 2022 model year sports car to insure is the Mazda MX-5 Miata, costing $1,312 per year, $656 for a 6-month policy, or around $109 per month. With the average sports car costing $2,135 per year for insurance, the Mazda MX-5 Miata will cost an average of $823 less each year.

    With a 181 horsepower 2.0 liter engine putting out 151 lb-ft of torque through the 6-speed manual transmission, the Miata is not really on the same tier as a lot of the other sports cars in our comparison. Even the Club tier model that includes the optional Brembo/BBS/Recaro package only tops out at only around $38,000.

    Second lowest insurance cost goes to the Ford Mustang at $1,596 per year, and third place is the BMW Z4 at $1,628 annually.

    Which sports car is most expensive to insure?

    The most expensive sports car to insure (excluding supercars) is the Nissan GT-R, costing $3,132 per year. The Nissan GT-R will cost around $1,820 extra each year compared to the cheapest sports car to insure, the Mazda MX-5 Miata, which is not exactly an apples-to-apples comparison.

    The most expensive Nissan GT-R trim will set you back $210,740 at a minimum, with up to 600 hp and 481 lb-ft of torque. It’s definitely at the upper end of both cost and power in the sports car segment, resulting in the higher cost to insure.

    How much is insurance on average for a sports car?

    Full coverage insurance for the average 2022 model year sports car costs an estimated $2,135 per year. With the national average for all vehicles being around $1,551, insuring one of these sportsters will cost an additional $584 per year on average.

    The big three nameplates in America, Ford, Dodge, and Chevy, also build the three top-selling sports cars. The best-selling sports car in the U.S. is the Ford Mustang, with the Dodge Challenger and Chevrolet Camaro coming in second and third, respectively.

    Sales for the sports car segment in general have declined over the last few years, due to the fact that baby boomers have surpassed their midlife crisis years and have moved on to luxury SUVs.

    The spawn of the boomers, Generation X, have not aged enough (or saved enough) to start buying the more expensive sports cars. And until that happens, we can expect the sports car segment sales slump to continue.