Fast Cars with Cheap Insurance: Top 10 List
Last Updated on October 9, 2020
So you want to drive a fast car, but you don’t want to pay a fortune in car insurance. Fortunately, there are plenty of fast cars with cheap insurance premiums.
Generally, the world’s fastest cars tend to be the most expensive cars to insure. It costs thousands per year to insure a Lamborghini or Maserati, for example.
However, there are plenty of cars that are fast enough – yet still have reasonable car insurance premiums. The Dodge Challenger and Fort Mustang GT Convertible, for example, are considered fast cars, although their insurance premiums are similar to the premiums paid on slower vehicles.
Want to drive a fast car with cheap insurance premiums? Today, we’re highlighting the top ten cars in the United States that drive fast and have low insurance premiums.
Top 10 Cheapest Fast Cars to Insure
1) Ford Mustang GT
Whether buying the convertible or coupe, the Ford Mustang GT is one of the cheapest fast cars to insure in the United States. Depending on your specific model, the Ford Mustang GT should go from 0 to 60mph in approximately 5 seconds. Despite the fast speed, the Ford Mustang GT costs around $1,600 to $1,800 per year to insure, on average.
2) Chevrolet Camaro
Like the Mustang, many drivers are surprised how low premiums can be on the Chevrolet Camaro. Depending on your state and situation, you could pay as little as $1,600 per year for car insurance on a Camaro. The car, like most others on this list, goes from 0 to 60mph in about 5 seconds, officially qualifying it as a fast car.
3) Chevrolet Corvette
A Corvette tends to be cheap to insure despite qualifying as a fast car. Capable of driving from 0 to 60mph in around 4 seconds, the Corvette has insurance premiums of around $1,800 per year, making it one of the cheapest fast cars on our list to insure.
4) Audi S5
The Audi S5 is the high-performance version of Audi’s A5. It is available in multiple options, although it’s more affordable to insure than many fast cars. Priced around $2,000 per year for car insurance on average, the Audi S5 accelerates from 0 to 60mph in under 5 seconds without breaking the bank every month on insurance premiums.
5) BMW M3
The BMW M3 is the high-performance version of the BMW 3 Series (like the 325i). BMWs tend to have higher insurance premiums than some of the higher-ranked options on our list – including the domestic speedsters at the top of our list. However, the BMW M3 remains one of the cheapest fast cars to insure in the United States. The BMW M3 accelerates from 0 to 60mph in under 5 seconds, yet drivers pay around $2,000 per year for car insurance, on average.
6) Dodge Challenger
In some years, the Dodge Challenger is the cheapest fast car to insure. In fact, some drivers pay well under $1,500 per year to insure a Dodge Challenger – especially if it’s an older model. The Dodge Challenger accelerates from 0 to 60mph in around 5 seconds, although drivers pay just $1,750 per year for car insurance, on average, making it a surprisingly cheap option – although not the fastest or cheapest option on this list.
7) Nissan 370Z
Many drivers are surprised to discover how affordable car insurance can be on the Nissan 370Z. It’s true: the average driver in the United States pays around $1,900 per year to insure a Nissan 370Z. If you have an older model, then you could pay even lower rates.
8) Subaru WRX STI
Most fast cars on this list are two-doors. The Subaru WRX STI is one of the few available as a four-door. Typically, having more doors increases the cost of car insurance because doors are costly to repair. However, the Subaru WRX STI has lower insurance premiums than many of its speedy competitors above. The average WRX STI driver in the United States pays around $1,700 per year for car insurance. It’s not the fastest or cheapest car on this list, although it remains one of the best combinations of speed and insurance affordability on this list.
9) Audi TT
The Audi TT is the second Audi vehicle on this list. The Audi TT comes with an average car insurance price of around $1,800 per year. The Audi TT has the popular Quattro all-wheel-drive system, giving you predictable handling to drive fast and remain in control. If you want to save even more money on car insurance, opt for the convertible model instead of the coupe. The convertible version of the Audi TT comes with insurance premiums approximately $300 higher.
10) Porsche Boxster
When you think of cheap car insurance, you don’t typically think of a Porsche. However, the Porsche Boxster is yet another fast car that’s cheap to insure. In fact, some drivers pay as little as $1,600 per year for car insurance on the Porsche Boxster.
Compare Quotes Today to Save Even More
The premiums listed above are the average car insurance premiums for drivers across the United States. In many cases, drivers can pay even lower premiums on car insurance while driving faster cars.
The average price of car insurance on a Ford Mustang GT, for example, is around $1,700 per year. By comparing quotes and living in the right ZIP code, you could pay as little as $1,200 per year on car insurance.
The age of the car also matters. Older cars are less valuable, which means lower payouts for insurers. If you drive an older Ford Mustang GT – or any other fast car on this list – then you could save even more.
Other Discounts Available on Fast Cars
If you want to drive a fast car and pay cheap insurance premiums, then we recommend taking advantage of other insurance discounts.
Potential insurance discounts for drivers who like fast cars include:
Safe Driver Discounts: If you like fast cars, then you might also be a safe driver. Safe drivers save up to 40%. If you have no speeding tickets or at-fault accidents within the last 3 to 5 years, then you could qualify for a safe driving discount with most insurers.
Bundling Discounts: Bundling multiple insurance policies together can reduce your insurance cost overall. If you get your home insurance and auto insurance from one company, for example, then you could save big on auto insurance.
Safety Features: Some sportscars have better safety features than others. Some sports cars have better crash ratings or rollover ratings, for example. This can affect car insurance premiums significantly – especially if all other factors are equal. Higher-end safety features like blind-spot monitoring and lane assist can also lower premiums.
Convertible vs. Coupe vs. Sedan: In many cases, the convertible version of the sportscar is cheaper to insure than a coupe or sedan. However, it varies between models. In some cases, a sedan is cheaper to insure because doors are more expensive to repair after an accident and the sedan has four doors. With other vehicles, the coupe is the most expensive to insure because coupe drivers are statistically more likely to engage in risky behavior. Compare insurance premiums between models to ensure you’re paying the cheapest rates.
Final Word – Cheapest Fast Cars to Insure
If you want to drive the fastest cars in the world, then you’ll pay high auto insurance premiums. High-end luxury vehicles are typically expensive to insure and expensive to repair. However, you can find plenty of fast cars with cheap average insurance premiums. From the Ford Mustang GT to the BMW M3 to the Chevrolet Corvette, you don’t have to pay hefty insurance premiums to drive a fast car.