There’s a common belief that the faster your car is, the more you spend on coverage. Drivers younger than 25 typically pay higher premiums since insurers see them as risky, especially with a fast car.
However, it is possible to have fast cars with cheap insurance. Take the Jeep Grand Cherokee, for example. Although it’s a fast car, you don’t have to pay an extravagant amount for coverage.
Domestic cars built for speed are usually cheaper to insure than imports. Premiums for cars with anti-theft devices and high safety ratings are more affordable.
