How Much Is Sport Car Insurance – May 6, 2021 McCarthy Insurance Agency
Sports cars are among the most expensive cars in the United States due to their unique design, high-quality materials, lightness, modern technology and high speed. As a result, sports car insurance is more expensive than regular cars and vans. It’s important to note that the actual cost of sports car insurance in Fresno, California can vary based on factors such as your driving habits, safety features, deductibles, and the age of the vehicle. Here is more information on this topic.
How Much Is Sport Car Insurance
Like any other insurance policy, sports car insurance protects sports cars against accidents such as theft, fire and collision. It can also include third-party liability claims, such as property damage and personal injury. Before an auto insurance company covers your sports car, they know whether your car is a sports car or not. Some of the distinguishing features of sports cars are:
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In general, car insurance for a sports car is more expensive than regular car insurance. Here are some reasons why sports car insurance is expensive:
The average cost of sports car insurance is $5,300 over six months. However, these costs vary from one insurer to another depending on factors such as the driver’s age, coverage amount, driving record, state laws and vehicle model.
If you don’t live in Virginia or New Hampshire, consider purchasing the following information for your sports car:
According to the Insurance Information Institute (III), here are some things you can do to lower the cost of sports car insurance:
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The risks associated with sports cars are that they often cost more to insure than regular car insurance. However, you can use the tips discussed in this article to lower the cost of your sports car insurance. Contact McCarthy Insurance Agency today to find sports car insurance in Fresno, CA that fits your needs and budget. We’re here to help you understand the ins and outs of your chosen policy. There are many cars in the market today with different features, prices and insurance rates to choose from. Some cars, such as high-end models, have higher auto insurance rates because they are built for speed, which means a higher risk of accidents and equipment that is more expensive and more likely to be stolen. Other factors such as age and driving record can also affect car insurance rates.
When shopping for auto insurance, it’s important to not only find the best option for your needs, but also find a price that won’t break the bank. In this guide, we break down the most expensive cars to insure in 2023, according to CarInsurance.com.
Maserati Quattroporte is the most expensive car to insure in 2023. At about $431 a month, this model’s insurance is 207% higher than US car insurance premiums.
Buyers can expect to pay a hefty price for this device – $108,400 MSRP. Insurance for this car is high due to features like premium trim and a powerful engine capable of reaching speeds of 166 mph.
Performance Car Insurance
Maserati once again topped the list with the Quattroporte Modena Q4 being the second most expensive car to insure. Compared to the Maserati Quattroporte, this model has a larger engine (424 hp). Pricing for this model starts at $127,895. Since Maserati is known to be a car theft symbol, insurers receive higher premiums due to accidents.
The BMW M8 Competition Gran Coupe is known for its powerful engine and expensive components that contribute to its high price. Its 4.4-liter V8 engine can reach a top speed of 185 mph. Features on this model include twin-scroll twin turbos, engine cooling, 16-way power seats and a 12.3-inch digital gauge cluster. This BMW comes with an MSRP of $157,645.
The Porsche Panamera Turbo S E-Hybrid Executive is the fourth most expensive car to insure, mainly because of its high-end engine and parts that require special skills to repair and replace. This model is a hybrid with a higher annual insurance premium of $4,221. The Porsche Panamera Turbo S E-Hybrid Executive has a starting MSRP of $206,800.
The Audi RS e-tron GT is the most expensive electric car to insure – insurance rates are higher because electric cars have a lithium-ion battery under the hood compared to the engine. This eco-friendly model can accelerate from 0 to 60 mph in just 3.1 seconds. The battery has a range of 232 kilometers and can be charged in just 10 hours.
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The Porsche Panamera Turbo combines the power and speed of a sports car with the comfort and convenience of a luxury sedan. With an MSRP of $186,400 and an average insurance premium of $4,129, this model can hit 60 mph in under three seconds. This model is said to look like a true sports car, perfectly managing the balance of performance and comfort.
The Tesla Model S Plaid was the fastest car tested, going from 0 to 60 mph in 1.9 seconds — which contributed to a hefty $4,115 insurance premium. MSRP and there are three electric motors with a total of 1,020 and 1,050 lb-ft of torque. Like other Teslas, this model has a large infotainment system with several features, including autopilot options, steering wheel and lock controls, and entertainment tools.
The BMW M8 Competition XDrive is a luxury coupe powered by a 4.4-liter turbo V8 engine that produces 617 horsepower and 553 pound-feet of torque. All-wheel drive and an eight-speed automatic transmission are available. This combination allows the M8 Racing XDrive to accelerate from 0 to 100 mph in just three seconds and reach a top speed of 190 mph. It also comes with an MSRP of $134,100.
The Porsche Taycan Turbo S is another high-performance electric sports car with high-performance features such as dynamic air suspension, carbon-ceramic brakes and driver assistance. The interior of this model has a modern and luxurious design with a large information screen and various high-quality materials.
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It also boasts the latest electric vehicle technology, making it a popular choice among enthusiasts and environmentally conscious drivers. Although not as expensive as Panamera models, the car has an annual premium of $4,028.
At No. 10 on the list, the Audi R8 5.2L V10 Quattro Performance features Quattro all-wheel drive and a dual-clutch automatic transmission. This vehicle has an MSRP of $3,967 and a starting MSRP of $186,495. It handles like a true sports car and can reach a top speed of 199 mph.
Although the list above contains some of the most expensive cars to insure, car insurance shouldn’t be a burden on your wallet. Choosing the right car can help keep costs down. Below are the cheapest cars to insure in 2023, according to MarketWatch.
Want to know how to get the best coverage while keeping your premiums low? Here are some helpful ways to save money on car insurance:
Super Car Insurance
Navigating the world of auto insurance can seem overwhelming, but with the right tools, you can find the best coverage plan for you. Below are answers to frequently asked questions about how car insurance premiums are affected.
Car insurance for older drivers is more expensive than for mature drivers. This is because car insurance companies often assume that young drivers are inexperienced, drive recklessly and make more claims. For example, car insurance for a 17-year-old can cost $737 a month, but that depends on your situation and what kind of insurance you have.
Car insurance is often more expensive than regular cars due to the cost of the car, expensive parts, special features and the possibility of theft. More expensive conventional cars have less liability and are therefore easier to insure.
Insuring sports cars and electric cars can also be expensive. Sports cars are often designed for speed, which can make them more dangerous. Electric vehicles have batteries that can be expensive to replace. Both of these factors contribute to high insurance premiums.
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Buying a new car is a lot of fun, so don’t let insurance rates scare you. Finding cheap car insurance is possible no matter what kind of driver you are – it’s all about choosing the best car insurance company for you.
Simplify the process by using our auto insurance comparison tool to find the lowest rates.
By Julia Matseikovic, CEO and Co-Founder Julia Matseikovic takes pride in educating others about auto insurance.