Cheapest Car Insurance for Sports Cars

State Farm and GEICO provide the cheapest sports car insurance, with rates averaging $130 per month.

Find out if you're overpaying for car insurance below.

Written by Mark Fitzpatrick

Updated: February 13, 2026

Advertising & Editorial Disclosure

Key Takeaways

Sports car insurance averages $1,726 per year for full coverage, but premiums can vary based on your vehicle.

Some sports cars are cheaper to insure than others. The Nissan 350Z has the lowest average premium at $1,004 annually, while high-end models like the BMW i8 cost much more, averaging $2,315.

You can reduce sports car insurance costs by bundling policies, using discounts, raising deductibles or choosing pay-per-mile insurance if you drive infrequently.

What Company Has the Cheapest Insurance for Sports Cars?

State Farm and GEICO tie for the cheapest sports car insurance at $130 per month for full coverage. State Farm offers the lowest rates for popular models like the Nissan 350Z ($84 monthly), Subaru WRX ($97 monthly) and Ford Mustang GT ($109 monthly). GEICO leads for electric performance vehicles like the Porsche Taycan ($110 monthly) and the Subaru BRZ ($100 monthly).

Both insurers maintain strong financial stability ratings. State Farm's Drive Safe & Save and GEICO's DriveEasy telematics programs can reduce your premium by up to 30% if you avoid hard braking and late-night driving.


State Farm	$130
GEICO	$130
Nationwide	$144
Travelers	$149
Progressive	$175
Allstate	$189
Farmers	$191

Cheap Sports Car Insurance by Model

The Nissan 350Z costs just $84 monthly to insure, less than half the $193 you'll pay for a BMW i8. Your vehicle choice affects premiums as much as your driving record. A Ford Mustang GT at $109 monthly sits in the middle, costing $25 more than the 350Z but $84 less than the i8.

We analyzed quotes from seven major insurers across 16 popular sports car models to find the lowest rates for each vehicle.


Nissan 350Z	State Farm	$84	$1,004
Subaru WRX	State Farm	$97	$1,168
Chevrolet Corvette	Nationwide	$100	$1,202
Subaru BRZ	GEICO	$100	$1,204
Ford Mustang Ecoboost	State Farm	$102	$1,221
Ford Mustang Mach E	GEICO	$103	$1,236
Chevrolet Camaro	State Farm	$106	$1,268
Chevrolet Camaro SS	State Farm	$108	$1,299
Toyota 86	GEICO	$109	$1,304
Ford Mustang	State Farm	$109	$1,308
Porsche Taycan	GEICO	$110	$1,325
Dodge Challenger R/T	State Farm	$116	$1,392
Chevrolet Camaro ZL1	GEICO	$153	$1,838
Dodge Challenger SRT Hellcat	Nationwide	$154	$1,843
Nissan GT-R	State Farm	$158	$1,898
BMW i8	Progressive	$193	$2,315

Cheapest Auto Insurance for Porsche Taycan

GEICO offers the cheapest Porsche Taycan insurance at $110 monthly ($1,325 annually). That's $280 less than Farmers' $390 rate. The Taycan's electric powertrain and advanced safety features help keep premiums lower than gas-powered supercars despite its 3.5-second 0-60 time.


GEICO	$110	$1,325
Nationwide	$190	$2,279
State Farm	$190	$2,280
Travelers	$226	$2,710
Progressive	$297	$3,567
Allstate	$340	$4,079
Farmers	$390	$4,681

Cheapest Car Insurance for Nissan 350Z

State Farm offers the cheapest Nissan 350Z insurance at $84 monthly ($1,004 annually), saving you $671 compared to Progressive's $1,675 annual rate. The 350Z's combination of affordable parts and lower theft rates compared to Mustangs and Camaros helps keep premiums reasonable.


State Farm	$84	$1,004
GEICO	$97	$1,165
Nationwide	$106	$1,268
Travelers	$117	$1,404
Allstate	$125	$1,504
Farmers	$128	$1,533
Progressive	$140	$1,675

Cheapest Car Insurance for Ford Mustang EcoBoost

State Farm offers the cheapest Ford Mustang EcoBoost insurance at $102 monthly ($1,221 annually), saving you $691 per year compared to Allstate's $1,912 annual rate. The turbocharged four-cylinder engine costs 10% to 15% less to insure than the V8 GT despite similar acceleration performance.

State Farm $102 $1,221
GEICO $123 $1,481
Nationwide $125 $1,504
Farmers $145 $1,736
Travelers $156 $1,872
Progressive $157 $1,889
Allstate $159 $1,912


State Farm	$102	$1,221
GEICO	$123	$1,481
Nationwide	$125	$1,504
Farmers	$145	$1,736
Travelers	$156	$1,872
Progressive	$157	$1,889
Allstate	$159	$1,912

Cheapest Car Insurance for Subaru WRX

State Farm offers the cheapest Subaru WRX insurance at $97 monthly ($1,168 annually). That's $764 less than Farmers' $1,932 annual rate. The WRX's all-wheel-drive system and strong safety ratings help offset its performance car classification.


State Farm	$97	$1,168
GEICO	$100	$1,206
Travelers	$115	$1,380
Allstate	$127	$1,530
Nationwide	$129	$1,547
Progressive	$141	$1,695
Farmers	$161	$1,932

Cheapest Car Insurance for Chevrolet Camaro LS

State Farm offers the cheapest Chevrolet Camaro LS insurance at $106 monthly ($1,268 annually). That's $38 less per month than Farmers' $144 rate. The base LS model with its V6 engine costs $47 less monthly than the high-performance ZL1 variant.


State Farm	$106	$1,268
GEICO	$108	$1,302
Travelers	$126	$1,513
Allstate	$127	$1,525
Nationwide	$128	$1,536
Progressive	$142	$1,703
Farmers	$144	$1,728

Cheapest Auto Insurance for Subaru BRZ

GEICO offers the cheapest Subaru BRZ insurance at $100 monthly ($1,204 annually). That's $75 less per month than Farmers' $175 rate. The BRZ's lightweight design and modest 228-horsepower output help keep premiums lower than more powerful sports cars.


Allstate	$149	$1,789
Farmers	$175	$2,095
GEICO	$100	$1,204
Nationwide	$142	$1,700
Progressive	$144	$1,729
State Farm	$114	$1,363
Travelers	$136	$1,635

Cheapest Car Insurance for Chevrolet Camaro SS

State Farm offers the cheapest Chevrolet Camaro SS insurance at $108 monthly ($1,299 annually). That's $44 less per month than Progressive's $152 rate. The SS's 455-horsepower V8 adds just $2 monthly compared to the base LS model despite 165 more horsepower.


Allstate	$145	$1,738
Farmers	$135	$1,615
GEICO	$117	$1,399
Nationwide	$128	$1,533
Progressive	$152	$1,818
State Farm	$108	$1,299
Travelers	$140	$1,679

Cheapest Auto Insurance for Dodge Challenger R/T

State Farm offers the cheapest Dodge Challenger R/T insurance at $116 monthly ($1,392 annually). That's $50 less per month than Farmers' $166 rate. The R/T's retro muscle car appeal comes with reasonable insurance costs, sitting $38 monthly below the supercharged Hellcat variant.

State Farm $116 $1,392
GEICO $118 $1,411
Travelers $135 $1,624
Allstate $136 $1,628
Nationwide $139 $1,670
Progressive $163 $1,960
Farmers $166 $1,987


State Farm	$116	$1,392
GEICO	$118	$1,411
Travelers	$135	$1,624
Allstate	$136	$1,628
Nationwide	$139	$1,670
Progressive	$163	$1,960
Farmers	$166	$1,987

Cheapest Car Insurance for Ford Mustang GT

State Farm offers the cheapest Ford Mustang GT insurance at $109 monthly ($1,308 annually). That's $48 less per month than Progressive's $157 rate. The GT's 5.0-liter V8 adds just $7 monthly compared to the EcoBoost despite 210 more horsepower.

State Farm $109 $1,308
GEICO $119 $1,428
Nationwide $120 $1,438
Travelers $134 $1,608
Farmers $138 $1,654
Allstate $144 $1,731
Progressive $157 $1,880


State Farm	$109	$1,308
GEICO	$119	$1,428
Nationwide	$120	$1,438
Travelers	$134	$1,608
Farmers	$138	$1,654
Allstate	$144	$1,731
Progressive	$157	$1,880

Cheapest Auto Insurance for Toyota 86

GEICO offers the cheapest Toyota 86 insurance at $109 monthly ($1,304 annually). That's $89 less per month than Farmers' $198 rate. The 86's excellent safety ratings and 228-horsepower flat-four engine help keep premiums competitive with non-sports cars.


GEICO	$109	$1,304
State Farm	$118	$1,417
Nationwide	$145	$1,744
Progressive	$152	$1,825
Allstate	$156	$1,872
Travelers	$159	$1,911
Farmers	$198	$2,376

Cheapest Car Insurance for Chevrolet Corvette

Nationwide provides the most affordable full coverage car insurance for a Chevrolet Corvette, averaging $100 monthly. This rate is $89 less than Allstate, the most expensive option at $189 monthly. Nationwide excels in affordability, customer satisfaction and financial stability.

Nationwide $100 $1,202
Travelers $108 $1,296
GEICO $135 $1,615
State Farm $137 $1,644
Progressive $164 $1,964
Farmers $178 $2,139
Allstate $189 $2,265


Nationwide	$100	$1,202
Travelers	$108	$1,296
GEICO	$135	$1,615
State Farm	$137	$1,644
Progressive	$164	$1,964
Farmers	$178	$2,139
Allstate	$189	$2,265

Cheapest Auto Insurance for Ford Mustang Mach-E

GEICO offers the cheapest Ford Mustang Mach-E insurance at $103 monthly ($1,236 annually). That's $72 less per month than Allstate's $175 rate. The Mach-E's electric powertrain and advanced safety features help it avoid the high premiums charged for gas-powered Mustangs.


GEICO	$103	$1,236
Travelers	$114	$1,366
Nationwide	$115	$1,379
State Farm	$117	$1,404
Progressive	$140	$1,679
Farmers	$152	$1,828
Allstate	$175	$2,103

Cheapest Car Insurance for Chevrolet Camaro ZL1

GEICO offers the cheapest Chevrolet Camaro ZL1 insurance at $153 monthly ($1,838 annually), tied with State Farm and Travelers. The supercharged ZL1 costs $47 more monthly than the base LS model due to its 650-horsepower output and higher theft risk.

GEICO $153 $1,838
State Farm $153 $1,838
Travelers $153 $1,841
Nationwide $159 $1,913
Progressive $176 $2,118
Farmers $179 $2,151
Allstate $192 $2,306


GEICO	$153	$1,838
State Farm	$153	$1,838
Travelers	$153	$1,841
Nationwide	$159	$1,913
Progressive	$176	$2,118
Farmers	$179	$2,151
Allstate	$192	$2,306

Cheapest Car Insurance for Dodge Challenger SRT Hellcat

Nationwide offers the cheapest Dodge Challenger SRT Hellcat insurance at $154 monthly ($1,843 annually). That's $90 less per month than Progressive's $244 rate. The Hellcat's 717-horsepower supercharged V8 adds $38 monthly compared to the standard R/T model.

Nationwide $154 $1,843
Travelers $158 $1,897
State Farm $162 $1,948
GEICO $189 $2,273
Farmers $191 $2,286
Allstate $225 $2,698
Progressive $244 $2,927


Nationwide	$154	$1,843
Travelers	$158	$1,897
State Farm	$162	$1,948
GEICO	$189	$2,273
Farmers	$191	$2,286
Allstate	$225	$2,698
Progressive	$244	$2,927

Cheapest Auto Insurance for Nissan GT-R

State Farm offers the cheapest Nissan GT-R insurance at $158 monthly ($1,898 annually). That's $141 less per month than Allstate's $299 rate. The GT-R's true supercar performance (2.9-second 0-60) surprisingly costs less to insure than the BMW i8 due to lower theft rates and mature buyer demographics.


State Farm	$158	$1,898
Nationwide	$171	$2,051
GEICO	$176	$2,117
Travelers	$188	$2,258
Farmers	$222	$2,661
Progressive	$230	$2,765
Allstate	$299	$3,583

Cheapest Car Insurance for BMW i8

Progressive offers the cheapest BMW i8 insurance at $193 monthly ($2,315 annually). That's $166 less per month than Farmers' $359 rate. The i8's exotic classification and expensive carbon-fiber repairs drive premiums higher than more powerful vehicles like the Corvette despite similar performance.


Progressive	$193	$2,315
State Farm	$202	$2,423
GEICO	$222	$2,663
Travelers	$225	$2,698
Nationwide	$245	$2,934
Allstate	$337	$4,048
Farmers	$359	$4,310

Best Cheap Car Insurance for Sports Cars

Sports cars cost more to insure than standard vehicles, but some insurers keep rates competitive. State Farm stands out for combining affordable premiums with strong customer service and financial stability. In our study, the Nissan 350Z costs an average of $1,004 per year for full coverage with State Farm, making it one of the most affordable sports car options to insure.

State Farm

MoneyGeek Score:

90/ 100

Overview

State Farm leads among the best car insurance companies for sports car owners, offering affordability, strong financial stability and excellent customer service. The Nissan 350Z has an average annual full coverage premium of $1,004, making it the most affordable model to insure with State Farm.

Discounts offered:

Vehicle discounts: Save with passive restraint systems (airbags) and anti-theft devices.
Safe driving discounts: Get up to 30% off with Drive Safe & Save™, plus savings for maintaining a clean record or completing a defensive driving course.
Policy discounts: Bundle policies (home, renters or life) or insure multiple vehicles to reduce rates.

Performance vs. Insurance Cost Analysis

Want to know which sports cars deliver the best combination of thrills and reasonable insurance costs? Here's how acceleration performance relates to insurance premiums for popular models.

Vehicle	0-60 Time	Monthly Premium	Performance Value*
Nissan 350Z	5.2 seconds	$84	⭐⭐⭐⭐⭐
Subaru WRX	5.1 seconds	$97	⭐⭐⭐⭐⭐
Ford Mustang EcoBoost	5.3 seconds	$102	⭐⭐⭐⭐
Toyota 86	6.0 seconds	$109	⭐⭐⭐⭐
Chevrolet Camaro LS	6.0 seconds	$106	⭐⭐⭐⭐
Subaru BRZ	5.4 seconds	$100	⭐⭐⭐⭐

*Performance Value: Speed vs. Insurance Cost efficiency

How Performance Affects Insurance Costs

Speed Range (0-60)	Premium Impact	Example
Under 4 seconds	+15-25% increase	Supercar territory
4-5 seconds	+8-15% increase	High performance
5-6 seconds	+3-8% increase	Sporty but manageable
Over 6 seconds	Minimal penalty	Performance without pain

ENGINE SMART CHOICES

Turbo-4 vs V8 Advantage: Ford Mustang EcoBoost costs 10% to 15% less than GT V8 despite similar acceleration. Insurers view smaller engines as less aggressive.

Cheapest Car Insurance for Sports Cars: Buying Guide

Insuring a sports car means balancing cost and coverage. Sports cars cost more because of their speed, repair costs and theft risk. This guide explains what to consider, including coverage options, discounts and how driving habits impact rates. Whether you drive daily or occasionally, the right policy provides solid protection at a fair price.

How to Save On the Cost of Sports Car Insurance

Sports car insurance costs more by nature, but strategic choices helps reduce your premiums without sacrificing the protection you need.

1
Shop Around for Sports Car Specialists
Rate differences for sports cars are often more dramatic than regular vehicles. The same sports car costs $150/month with one insurer and $300/month with another. Get quotes from major insurers, regional specialists who understand performance cars, and companies with strong classic car programs.
2
Choose Your Model Strategically
Performance doesn't always mean expensive insurance. Smart model selection can save thousands annually:
- Nissan 350Z: $84/month (excellent performance-to-cost ratio)
- Subaru WRX: $97/month (all-wheel drive safety benefits)
- Ford Mustang EcoBoost: $102/month (turbo-4 advantage over V8)
3
Avoid High-Performance Trim Levels
Base models often cost less to insure than their high-performance siblings. The Camaro LS costs $47/month less than the ZL1 ($106 vs. $153). Skip racing stripes and appearance packages that signal aggressive driving intentions.
4
Leverage Technology for Discounts
Many sports car owners qualify for telematics discounts by proving they drive responsibly. Progressive Snapshot, State Farm Drive Safe & Save and GEICO DriveEasy monitor driving habits and can reward safe patterns with up to 30% savings.
5
Bundle with High-Value Home Insurance
Sports car owners often have valuable homes, making bundling particularly beneficial. Multi-policy discounts range from 10% to 25% off both policies, and higher-value properties generate better bundle savings.
6
Consider Usage-Based Coverage Options
If your sports car isn't a daily driver, pay-per-mile insurance can save 30% to 50% for weekend-only vehicles. You can also reduce coverage when the car's stored during winter months (check lender requirements first).
7
Invest in Security Features
Sports cars are theft targets. Security upgrades reduce premiums while protecting your investment. GPS tracking systems earn 5% to 15% discounts, while garage storage can reduce comprehensive premiums by 10% to 20%.

MONEYGEEK EXPERT TIP

Insurance professionals recommend keeping comprehensive coverage for garaged vehicles to protect them from fire, theft, vandalism and storm damage to their parked location. Many lenders will require you to keep collision and comprehensive regardless of usage if the car loan is still active. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Sports Car Insurance Discounts

Sports car insurance can be expensive, but discounts can reduce costs. Many insurers offer savings for drivers, helping you get affordable coverage without compromising protection.

Safe driver discount

Sports car owners with clean driving records can save because insurers consider them lower risk despite their vehicle’s high performance.

Defensive driving course discount

Taking a high-performance driving or defensive driving course shows insurers you know how to handle a powerful car safely, leading to lower rates.

Low-mileage discount

If your sports car is a weekend or seasonal vehicle, driving fewer miles per year can qualify you for lower premiums.

Telematics discount

Many insurers offer usage-based tracking programs that reward responsible driving. Smooth acceleration, cautious braking and avoiding high-risk driving hours can help reduce rates.

Multi-policy discount

Bundling your sports car insurance with a home, renters or motorcycle policy can help cut costs.

Multi-vehicle discount

If you own multiple cars, including a daily driver, insuring them together can reduce your sports car’s premium.

Anti-theft discount

Sports cars are high-theft targets, so insurers may lower rates if your vehicle has advanced security features like GPS tracking, engine immobilizers or a high-end alarm system.

Loyalty discount

Some insurers reward long-term policyholders with lower premiums over time, even for sports cars.

Note: Discount availability and amounts may vary by state and driver circumstances. Contact a local agent or visit the provider's official website for the most accurate information.

What Do Insurance Companies Consider Sports Cars?

Insurers classify sports cars by two-door configuration, high horsepower (300+ HP), performance-focused design, large engine displacement and sports-tuned suspension. VIN determines classification automatically; no negotiating is possible.

Gray area vehicles

Performance sedans (BMW 3-Series), sport compacts (Honda Civic Type R), and performance crossovers (Porsche Macan) blur classification lines.

Specialty requirements

Vehicles over $150,000 to $200,000 need specialty insurers like Hagerty, Chubb or AIG Private Client Group offering agreed value policies.

Cheapest Car Insurance for Sports Cars: Bottom Line

Sports car insurance costs more than standard vehicles, but you can find affordable coverage. State Farm and GEICO consistently offer competitive rates across multiple sports car models, with the Nissan 350Z and Subaru WRX providing the best combination of performance and affordability.

While premiums are higher due to increased repair and collision risks, strategies like bundling policies, raising deductibles or choosing pay-per-mile insurance can help reduce costs. Shop around and compare quotes based on your specific car and location to find the best deal for your situation.

Affordable Auto Insurance for Sports Cars: FAQ

We answer common questions about sports car insurance to help you find the provider that suits your needs.

Is a Ford Mustang considered a sports car for insurance?

Ford Mustangs are classified as sports cars by insurers, especially V8 models like the GT. However, the EcoBoost 4-cylinder variant may receive more favorable rates due to its lower horsepower output and different risk profile. The Mach-E electric version often gets treated more like a regular car despite its performance capabilities.

What's the cheapest sports car to insure for a 20-year-old?

The Mazda Miata consistently ranks as the cheapest sports car for young drivers, averaging $315 per month for full coverage compared to $450+ for other sports cars. Its excellent safety ratings, lower horsepower (181 HP) and responsible ownership reputation help offset age-related risk factors. The Subaru BRZ is the second-best choice at around $340 monthly.

Are there sports cars that don't require specialty insurance?

Most sports cars under $150,000 to $200,000 can be covered by standard insurers like State Farm, GEICO and Progressive. This includes Corvettes, Mustangs, Camaros and most BMW/Mercedes performance models.

Exotic cars from manufacturers like Ferrari, Lamborghini and McLaren require specialty insurers like Hagerty, Chubb or AIG Private Client.

How much more expensive is sports car insurance for teens?

Teen drivers pay 85% to 120% more for sports car insurance than adults. For example, if an adult pays $130/month for sports car coverage, a teen pays $240 to $285/month for identical coverage. The penalty decreases with age: 19-year-olds pay about 65% more, while 21-year-olds pay 45% more than adult rates.

Can I get sports car insurance if I have a DUI?

If you have a DUI, you can get sports car insurance, but it's expensive. A DUI can increase your sports car insurance rates by 80% to 120% compared to a clean record.

You need to get an SR-22 certificate, which adds extra cost and complexity. Consider shopping for specialized DUI coverage that works with high-risk drivers.

Should I consider liability-only coverage for my sports car?

If you prefer liability-only coverage, you can choose higher limits than your state requires. Sports cars are expensive to repair and replace, making comprehensive and collision coverage important.

Is sports car insurance worth it for college students?

Sports car insurance for college students requires careful consideration of costs versus benefits.

Why sports car insurance costs more?

Sports car insurance premiums are 40% to 60% higher because they carry more risk and cost more to repair. Drivers are involved in 47% more at-fault crashes and 23% more speed-related incidents. Repairs require specialized parts and labor that often exceeds $150 per hour. Sports cars are also stolen about three times more often than standard vehicles.

Best Insurance for Sports Cars: Our Methodology

We combined comprehensive rate analysis with real-world sports car expertise, going beyond basic price comparisons to analyze how insurers classify performance vehicles, verify coverage policies through direct contact with customer service departments, and research claims data to understand why sports cars cost more to insure.

We contacted insurance companies directly to verify vehicle classification criteria and VIN lookup processes, coverage limits for high-performance vehicles, specialty insurance referral procedures, and state-specific regulatory impacts on sports car pricing.

Auto Insurance for Sports Cars: Related Articles

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

He writes about economics and insurance, breaking down complex topics so people know what they're buying.

Read Full Bio »