Top 6 Fast Cars with Cheap Insurance – Updated 2023

We all know that feeling. You see a fast car on the road and you can’t help but stare. The sleek lines, the aggressive stance, the roar of the engine – it’s all so intoxicating. And if you’re lucky enough to get behind the wheel of one of these beauties, it’s an experience you’ll never forget.

Now, imagine if you could have that feeling every day. That’s what owning a fast car is like. And with the release of the fastest cheap cars in the 2022 model year, there are plenty of new options to choose from. But hold on, with the fastest cars, there comes a fast liability of insurance that you need to cover before you hit the road. doesn’t it? 

So, if you’re in the market for a new set of wheels and want to find the fastest cars on the market along with the insurance, you’ve come to the right place. Keep reading to learn about why insurance is important and then you can head over to your dream car by just making some insurance adjustments… Without further ado, here’s the insurance information you should consider.

Why is Car Insurance vital for Car Owners?

Automobile insurance is essential for a number of reasons. First, it helps to protect you financially if you are in an accident. If the other driver is at fault, their insurance will usually cover the cost of repairs or medical bills. If you don’t have insurance, you may have to pay for these things out of your own pocket.

Second, car insurance can help to protect other people who are involved in an accident with you. If you are at fault, their insurance will usually cover their damages. Again, if you don’t have insurance, they may have to pay for their own repairs.

Lastly, having car insurance is required by law in most states. If you are caught driving without insurance, you may face steep penalties, including fines and the loss of your driver’s license.

Why is Car Insurance expensive for Fast Sports Cars?

Getting your sports car insured will cost you more. There are three primary causes attached to it. First and foremost is that sports cars are highly prone to accidents. Sports cars have high-performance engines, which means high speed and accidents may occur due to speeding.

Secondly, as these sports cars are expensive and attractive, there are high chance that they can be looted or someone who has a grudge against the owner may damage them.

Lastly, sports cars have specific parts that are too expensive to buy. If a car gets into an accident, the parts would be costly.

Can you save money on Premiums if you buy a Sports Car?

Although sports car insurance is very costly, you can use various discounts to reduce your premium cost.

One of the most attractive discounts is a safe driver discount. You can get around 40% off if you don’t have any traffic violations or speeding tickets from the past three to five years. Moreover, you can also save cost by contracting the same company with whom you have your house insurance or any other insurance. The company would bundle your insurance, which means you will save some bucks.

Apart from the bundling discount, if you choose a car with better safety features, you can be eligible for a discount. Also, if your sports car is convertible, then you will have cheaper insurance. Furthermore, we have listed down a few fast cars with cheap insurance.

6 Best Fast Cars with Cheap Insurance

1. Nissan 370Z

On average, a Nissan owner pays around $1,900 per year as insurance premiums. If you own an older model than Nissan 370Z, the cost may decrease more.

2. Ford Mustang GT

Ford Mustang is among few fast cars that have lower insurance rates, yet the speed is amazing. It can go around 60mph within five seconds. The insurance rate per year of this beast is as low as around $1,600 to $1,800 per annum.

3. Porsche Boxster

Porsche is not an affordable car to insure. However, Porsche Boxster is one exception. On average, a Porsche Boxster owner pays around $1,600 per year as insurance.

4. Chevrolet Camaro

This beast has similar horsepower as Mustang, which makes it perfect to be in our index of fast cars. Unlike the high insurance rates of other fast cars, Camaro costs you $1,600 per annum on average. However, the cost may vary from state to state.

5. Audi S5

If you are brand conscious yet want an inexpensive fast car to insure, then Audi S5 is an ideal deal for you. It is another version of Audi A5, but it has higher performance. Moreover, you will have to pay around $2,000 yearly for insurance.

6. Subaru WRX STI

Usually, four-door sports cars are more expensive to insure than two-door cars. However, that is not the case with Subaru WRX STI. It is as cheap as $1,700 per year to insure. However, it cannot be said to be the fastest car compared with others on the list, but it is surely faster and more stylish than others.

Conclusion

In conclusion, it is very important to get car insurance. Car accidents happen every day, and without insurance, you could be left with a huge bill. If you can’t afford to pay for repairs or medical bills, car insurance can save you neck. So make sure you are properly insured before you get on the road.

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