Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 17, 2021

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Key Takeaways

  • Sports car insurance provides coverage for sports cars and their drivers
  • Some of the best car insurance companies for sports cars include Hagerty, Chubb, State Farm, Allstate, Nationwide, and USAA
  • Sports car insurance rates can vary widely, depending on the value of the vehicle and the insurance company

Sports car owners generally take pride in their cars and in making sure they are properly cared for. This includes making sure they have the right kind and amount of car insurance in case of an accident or some other damage occurring to the vehicle.

Below, we’ll discuss the basics of sports car insurance, the best car insurance companies for sports cars, and how to save on sports car insurance rates.

If you’re looking for car insurance quotes from the best car insurance companies for sports cars, enter your ZIP code into our quote comparison tool above.

What are the best car insurance companies for sports cars?

Below are some specialty and some mainstream car insurance companies that may provide coverage for your sports car.


Hagerty has guaranteed value coverage, which means that if your car is totaled, stolen, or otherwise destroyed (depending on what is covered through your agreement), you will receive up to the full value of your car without surprise cuts due to depreciation.

Hagerty can also help you find parts for your classic or collector sports car that may be hard to find on your own. It also offers discounts for insuring more than one car.


Chubb has agreed value insurance, which gives you a check for the full agreed value of your vehicle if it is totaled or stolen. They also provide coverage for replacement parts and repairs to ensure the value of the car stays the same.

Chubb offers higher liability coverage amounts than many car insurance companies, as well as rental car reimbursement if you’re in an accident and need a way to get around.

State Farm

State Farm is one of the top car insurance companies in the United States, and it may be a good choice for drivers with mid-level value sports cars. State Farm has proven financial strength, good customer service, a strong online customer experience, and many discounts to save on insurance.


Allstate will not provide coverage for new exotic vehicles, but coverage is available for other sports cars. Allstate is also a major car insurance company that has a variety of discounts and policy types available.


Nationwide may be able to provide cheap sports car insurance as well as classic car insurance through its partnership with Hagerty. Some of Nationwide’s discounts may be especially appealing to drivers of sports cars.


If you are active-duty military, a veteran, or an eligible family member, you may be able to get affordable sports car insurance from USAA. They also work with American Collectors Insurance to provide classic car insurance.

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What is sports car insurance?

Sports car insurance is a type of car insurance coverage specifically designed to offer protection for sports cars and their drivers.

In some cases, sports cars may have sufficient coverage with a regular car insurance policy, but if it is of a particularly high value or has especially high horsepower, you may need to find a car insurance company that specializes in insuring sports cars.

While the definition of “sports car” can be a little vague, they are generally smaller, two-seat cars with higher horsepower.

Each insurance company has its own definition, so some vehicles, such as some Toyotas, Subarus, or Hondas, may or may not be considered sports cars.

Some major car insurance companies may not provide insurance for Ferraris, Porsches, Lamborghinis, and other high-end vehicles. Therefore, you may need to seek out an insurance company that specializes in insuring sports cars.

How much does sports car insurance cost?

Since the value of sports cars can vary so drastically, so do sports car insurance rates. However, sports car insurance will likely be noticeably more expensive than regular car insurance.

The average sports car insurance policy may cost around $310 per month, but this could be inaccurate for cars of varying values. Low-end sports cars may cost around $1,500 per year to insure, while high-end sports cars can cost around $3,500 per year or more to insure.

What kind of coverage should I buy for my sports car?

There are a few different factors that go into choosing what type of insurance you should buy for your sports car. Much of the decision will be based on requirements set by your state or a lienholder if you are financing your vehicle.

Below is a chart with each state’s insurance requirements:

Minimum Liability Auto Insurance Requirements by State
ALBI & PD Liab25/50/25
AKBI & PD Liab50/100/25
AZBI & PD Liab15/30/10
ARBI & PD Liab, PIP25/50/25
CABI & PD Liab15/30/5
COBI & PD Liab25/50/15
CTBI & PD Liab, UM, UIM25/50/20
DEBI & PD Liab, PIP25/50/10
DCBI & PD Liab, UM25/50/10
FLPD Liab, PIP10/20/10
GABI & PD Liab25/50/25
HIBI & PD Liab, PIP20/40/10
IDBI & PD Liab25/50/15
ILBI & PD Liab, UM, UIM25/50/20
INBI & PD Liab25/50/25
IABI & PD Liab20/40/15
KSBI & PD Liab, PIP25/50/25
KYBI & PD Liab, PIP, UM, UIM25/50/25
LABI & PD Liab15/30/25
MEBI & PD Liab, UM, UIM, Medpay50/100/25
MDBI & PD Liab, PIP, UM, UIM30/60/15
MABI & PD Liab, PIP20/40/5
MIBI & PD Liab, PIP20/40/10
MNBI & PD Liab, PIP, UM, UIM30/60/10
MSBI & PD Liab25/50/25
MOBI & PD Liab, UM25/50/25
MTBI & PD Liab25/50/20
NEBI & PD Liab, UM, UIM25/50/25
NVBI & PD Liab25/50/20
NHFR only25/50/25
NJBI & PD Liab, PIP, UM, UIM15/30/5
NMBI & PD Liab25/50/10
NYBI & PD Liab, PIP, UM, UIM25/50/10
NCBI & PD Liab, UM, UIM30/60/25
NDBI & PD Liab, PIP, UM, UIM25/50/25
OHBI & PD Liab25/50/25
OKBI & PD Liab25/50/25
ORBI & PD Liab, PIP, UM, UIM25/50/20
PABI & PD Liab, PIP15/30/5
RIBI & PD Liab25/50/25
SCBI & PD Liab, UM, UIM25/50/25
SDBI & PD Liab, UM, UIM25/50/25
TNBI & PD Liab25/50/15
TXBI & PD Liab, PIP30/60/25
UTBI & PD Liab, PIP25/65/15
VTBI & PD Liab, UM, UIM25/50/10
VABI & PD Liab, UM, UIM25/50/20
WABI & PD Liab25/50/10
WVBI & PD Liab, UM, UIM25/50/25
WIBI & PD Liab, UM, Medpay25/50/10
WYBI & PD Liab25/50/20
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Besides your state’s insurance requirements, a lienholder may require you to carry collision and comprehensive car insurance.

If you have made modifications to your vehicle or have added performance equipment, you should inform your insurance policy to make sure you have the right type of policy.

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How can I save money on sports car insurance?

There are many different ways you can save on car insurance for sports cars. Many companies offer a variety of discounts that can be useful for sports car owners.

Some discounts you may qualify for include those for added safety features, a clean driving record, defensive driving courses, bundling insurance policies, and multi-car discounts for drivers who insure more than one vehicle.

If you only use your sports car occasionally, you may also qualify for a low mileage discount.

Your credit is also a factor that determines your car insurance rates, so making sure that you improve your credit before you apply for insurance is essential to getting affordable rates.

If you can afford to pay higher out-of-pocket expenses in the case of an at-fault accident, you could also increase your deductible to decrease your monthly premiums.

Enter your ZIP code into our free quote comparison tool below to buy insurance from best car insurance companies for sports cars in your area.