State Farm and GEICO are the cheapest insurers for sports cars, averaging $130 per month. Both offer competitive rates, financial stability and various discounts, providing affordable coverage without compromising protection.
Auto Insurance
Cheapest Car Insurance for Sports Cars
Updated: March 3, 2025
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Key Takeaways
Sports car insurance averages $1,726 per year for full coverage, but premiums can vary significantly 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 | $130 |
| GEICO | $130 |
| Nationwide | $144 |
| Travelers | $149 |
| Progressive | $175 |
| Allstate | $189 |
| Farmers | $191 |
Cheap Sports Car Insurance by Model
The Nissan 350Z is the cheapest sports car to insure, starting at $84 monthly, though rates vary by model. Insuring a BMW i8 costs $193, while a Ford Mustang averages $109 — $84 less.
Insurance costs vary by car and provider. MoneyGeek analyzed quotes to identify the cheapest insurers for popular sports cars.
| 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 full coverage sports car insurance for the Porsche Taycan at just $110 per month ($1,325 per year). That’s $280 less than Farmer’s highest rate of $390.
| 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 sports car insurance for a Nissan 350Z at $84 monthly ($1,004 annually), saving $671 compared to Progressive's average annual rate of $1,675.
| 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 most affordable full coverage insurance for the Ford Mustang EcoBoost at $102 monthly ($1,221 annually), saving $691 per year compared to Allstate, the most expensive option.
| 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 most affordable sports car insurance for the Subaru WRX at $97 monthly ($1,168 annually), which is $764 less than Farmers, the most expensive provider at $1,932 per year.
| 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 most affordable sports car insurance for the Chevrolet Camaro LS at $106 monthly for full coverage — much cheaper than Farmers, the most expensive option, at $144.
| 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
On average, GEICO offers the cheapest insurance coverage for Subaru BRZ at $100 per month ($1,204 per year), $75 less monthly than Farmers, the most expensive option.
| GEICO | $100 | $1,204 |
| State Farm | $114 | $1,363 |
| Travelers | $136 | $1,635 |
| Nationwide | $142 | $1,700 |
| Progressive | $144 | $1,729 |
| Allstate | $149 | $1,789 |
| Farmers | $175 | $2,095 |
Cheapest Car Insurance for Chevrolet Camaro SS
State Farm provides the cheapest full coverage car insurance for the Chevrolet Camaro SS at $108 per month.
| State Farm | $108 | $1,299 |
| GEICO | $117 | $1,399 |
| Nationwide | $128 | $1,533 |
| Farmers | $135 | $1,615 |
| Travelers | $140 | $1,679 |
| Allstate | $145 | $1,738 |
| Progressive | $152 | $1,818 |
Cheapest Auto Insurance for Dodge Challenger R/T
State Farm has the most affordable full coverage car insurance for the Dodge Challenger R/T at $116 per month ($1,392 annually). This rate is $50 per month cheaper than Farmers, the most expensive option.
| 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 sports car insurance for a Ford Mustang GT, averaging $109 monthly for full coverage. This rate is $48 less per month than Progressive, the most expensive option for this vehicle.
| 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 insurance for the Toyota 86 at $109 per month for full coverage.
| 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 |
Cheapest Auto Insurance for Ford Mustang Mach-E
If you’re driving a Ford Mustang Mach-E, GEICO has the most affordable insurance option. On average, a full coverage policy for this vehicle costs $103 per month.
| 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 is a great option for insuring a Chevrolet Camaro ZL1, offering the most affordable widely available full coverage policy at an average of $153 per month.
| 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 full coverage car insurance for the Dodge Challenger SRT Hellcat, averaging $154 monthly.
| 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 is the cheapest sports car insurance company for the Nissan GT-R, with an average premium of $158 per month for full coverage.
| 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 car insurance rate for BMW i8 at $193 monthly on a full coverage policy.
| 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
State Farm
MoneyGeek Score:
90/ of 100
Overview
State Farm is a leading choice for sports car insurance, combining affordability with strong financial stability and excellent customer service. For instance, the Nissan 350Z has an average full coverage premium of $1,004 annually, making it the cheapest 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.
Cheapest Car Insurance for Sports Cars: Buying Guide
Insuring a sports car means balancing cost and coverage. Performance vehicles often have higher premiums due to 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 is often more expensive, but you can take steps to reduce your annual premium.
- 1
Shop around for the best insurance rates
Rates for sports cars vary widely between insurers, sometimes by hundreds of dollars. Get multiple quotes with the same coverage levels to find the best deal.
- 2
Bundle your policies
Many insurers offer discounts for bundling auto with homeowners or renters insurance. Contact your provider to explore potential savings.
- 3
Ask about discounts
You may qualify for discounts for safe driving, multiple vehicles, anti-theft devices or good student status.
- 4
Use an insurance comparison tool
Online comparison tools help you quickly see different rates. While they may not show all discount options, they streamline your search.
- 5
Raise your deductible
A higher deductible means a lower premium, but choose an amount you can afford in case of an accident. Full coverage includes separate deductibles for collision and comprehensive.
- 6
Consider pay-per-mile coverage
If you drive your sports car infrequently, pay-per-mile coverage or telematics-based discounts can reduce costs based on driving habits.
- 7
Opt for vehicle storage in the off-season
If you don’t drive year-round, some insurers allow you to drop collision coverage while the car is stored, reducing premiums. Check with your lender if you’re financing the vehicle.
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 significantly 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.
Cheapest Car Insurance for Sports Cars: Bottom Line
This page explains factors affecting sports car insurance costs, highlights affordable providers like State Farm and GEICO, and lists models with lower rates, such as the Nissan 350Z and Subaru WRX.
While insuring a sports car is often expensive due to higher repair and collision risks, strategies like bundling policies, raising deductibles or choosing pay-per-mile insurance can help you save. Compare quotes based on your car and location to secure the best deal.
Affordable Auto Insurance for Sports Cars: FAQ
If you own a sports car, you might wonder how to find affordable coverage. These answers to common questions can help you learn more about sports car insurance.
Why does sports car insurance cost more?
Full coverage insurance for sports cars costs more than for standard vehicles. Built for speed, sports cars are more prone to risky driving and collisions. Their expensive parts also drive up repair and replacement costs, increasing premiums.
How much does car insurance cost for a sports car?
The average cost of full coverage insurance for sports cars is $1,726 per year, excluding the Dodge Challenger SRT Hellcat. However, your premium may vary based on your car’s make, model and age, as well as your location, driving record and credit history (in most states).
What is the best company for sports car insurance?
The best company for affordable sports car insurance depends on your vehicle model. MoneyGeek analyzed several national providers and identified the top options for 13 popular sports car models.
Best Insurance for Sports Cars: Our Methodology
Why Trust MoneyGeek?
We used data from Quadrant Information Services and state insurance departments to show the importance of comparing car insurance rates. Rates for the same driver profile can vary widely across insurers, highlighting the need to shop around.
Study Overview
Car insurance rates differ significantly based on age, location, vehicle type, driving record, credit history and the insurance company. To provide useful insights, MoneyGeek analyzed data to create averages, helping you compare quotes and find affordable options.
Data Acquisition, Depth and Analysis
MoneyGeek, using data from Quadrant Information Services and state insurance departments, collected 83,056 quotes from 46 companies in 473 ZIP codes.
Driver Profiles
MoneyGeek used a sample driver profile to ensure consistent averages:
- 40-year-old male
- Clean driving record
- 100/300/100 liability limits
- Comprehensive and collision coverage with a $1,000 deductible
- 2010 Toyota Camry LE
- 12K miles driven annually
We modified this profile by age, location, vehicle and driving or credit history to create accurate averages for different needs.
Coverage Levels and Deductibles Explained
Average rates on this page are for a full coverage policy with 100/300/100 liability limits and comprehensive and collision coverage with a $1,000 deductible unless otherwise noted.
A 100/300/100 policy means:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
A $1,000 comprehensive and collision deductible means you pay $1,000 out of pocket before your insurer covers car damage. Higher deductibles typically lower premiums.
Learn more about MoneyGeek's methodology.
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About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.