If you’re a fan of fast cars, you might be under the impression that you’ll have to pay a fortune for car insurance. While it’s true that some high-performance vehicles can be expensive to insure, there are also plenty of fast cars that won’t break the bank when it comes to coverage. In this article, we’ll take a look at some of the fastest cars on the market that also happen to have cheap insurance rates.
Top 5 Fast Cars with Cheap Insurance
When it comes to fast cars with affordable insurance rates, these five models are at the top of our list:
Make and Model |
Top Speed |
0-60 Time |
Insurance Group Rating |
|---|---|---|---|
Mazda MX-5 Miata |
135 mph |
5.7 seconds |
27 |
Subaru WRX |
155 mph |
5.3 seconds |
26 |
Infiniti Q50 |
155 mph |
5.3 seconds |
24 |
Ford Mustang |
155 mph |
5.0 seconds |
24 |
Chevrolet Camaro |
165 mph |
4.0 seconds |
23 |
As you can see, these cars are all capable of impressive speeds and acceleration, yet they are still relatively affordable to insure. Let’s take a closer look at each one.
Mazda MX-5 Miata
The Mazda MX-5 Miata is a classic sports car that has been around for three decades. It’s known for its nimble handling and fun-to-drive nature. While it may not have the raw horsepower of some of the other cars on this list, it’s still plenty quick and offers a great driving experience. And with an insurance group rating of just 27, it’s one of the most affordable sports cars to insure.
One reason for the Miata’s cheap insurance rates is its safety record. The car has a solid reputation for being reliable and safe, with plenty of standard safety features like airbags and stability control. Plus, its small size and agile handling make it easy to avoid accidents in the first place.
Another factor that helps keep insurance costs down is the Miata’s relatively low price tag. Because the car is relatively affordable to buy, it’s also affordable to repair or replace, which means lower insurance premiums.
Subaru WRX
The Subaru WRX is a performance-oriented sedan that’s known for its turbocharged engine and all-wheel drive system. It’s a favorite among car enthusiasts for its rally-inspired design and high-performance capabilities.
Despite its impressive speed and handling, the WRX is surprisingly affordable to insure, with an insurance group rating of just 26. This is likely due to its solid safety record and relatively affordable price tag, which make it a low-risk vehicle for insurers.
The WRX also comes with a range of standard safety features, including a rearview camera, stability control, and six airbags. And because it’s a sedan rather than a coupe or convertible, it’s less likely to be involved in high-speed or rollover accidents.
Infiniti Q50
The Infiniti Q50 is a luxury sports sedan that offers a perfect blend of performance and comfort. It’s known for its smooth ride and upscale interior, as well as its powerful engines and responsive handling.
Despite its luxurious features and high-end performance, the Q50 is surprisingly affordable to insure, with an insurance group rating of just 24. This is likely due in part to the car’s solid safety record and relatively affordable price tag.
The Q50 also comes with a long list of standard safety features, including a rearview camera, forward collision warning, and automatic emergency braking. This helps to reduce the risk of accidents and keeps insurance premiums low.
Ford Mustang
The Ford Mustang is an iconic American muscle car that’s been around for over 50 years. It’s known for its powerful engines, aggressive styling, and fun-to-drive nature.
Despite its reputation as a high-performance vehicle, the Mustang is surprisingly affordable to insure, with an insurance group rating of just 24. This is likely due to its solid safety record and relatively affordable price tag.
The Mustang also comes with a range of standard safety features, including a rearview camera, stability control, and a suite of airbags. And because it’s a coupe rather than a convertible, it’s less likely to be involved in high-speed or rollover accidents.
Chevrolet Camaro
The Chevrolet Camaro is another American muscle car that’s been around for decades. It’s known for its bold styling, powerful engines, and track-ready handling.
Despite its high-performance capabilities, the Camaro is surprisingly affordable to insure, with an insurance group rating of just 23. This is likely due in part to its solid safety record and relatively affordable price tag.
The Camaro also comes with a range of standard safety features, including a rearview camera, stability control, and eight airbags. And because it’s a coupe rather than a convertible, it’s less likely to be involved in high-speed or rollover accidents.
FAQ
What factors affect the cost of car insurance for fast cars?
There are several factors that can influence the cost of car insurance for fast cars, including the car’s horsepower, top speed, safety features, and overall value. Cars that are more powerful or have higher top speeds are generally considered higher-risk vehicles, while cars with more safety features or lower overall values are considered lower-risk vehicles.
How can I save money on car insurance for a fast car?
There are several strategies you can use to save money on car insurance for a fast car, including:
- Shop around for the best rates
- Choose a higher deductible
- Bundle your car insurance with other policies
- Take advantage of discounts for good driving, safety features, or low mileage
- Consider a usage-based insurance policy
What is an insurance group rating?
An insurance group rating is a system used by insurers to determine the risk level of different vehicles. Cars are assigned a group rating between 1 and 50, with cars in lower groups considered lower-risk vehicles and cars in higher groups considered higher-risk vehicles. Higher-risk vehicles are typically more expensive to insure.
Can I get cheap insurance for a high-performance vehicle?
Yes, it is possible to get cheap insurance for a high-performance vehicle. The key is to choose a car that is relatively affordable to repair or replace, has a solid safety record, and is equipped with a range of safety features. You can also save money by shopping around for the best rates and taking advantage of discounts and other strategies to reduce your premiums.
Overall, if you’re looking for a fast car that won’t break the bank when it comes to insurance, these five models are definitely worth considering. By choosing a car with a solid safety record, a reasonable price tag, and a range of safety features, you can enjoy the thrill of high-speed driving without breaking the bank on insurance premiums.