12 Cheapest Sports Cars to Insure in 2023

Are you in the market for a sporty and stylish car, but also want to save money on insurance? If so, you’ve come to the right place! In this blog post, we will be discussing the 12 cheapest sports cars to insure in 2023.

From classic muscle cars to modern exotics, we’ve got you covered. So, if you’re looking for a sports car that won’t break the bank on insurance, keep reading!

What Are the Cheapest Sports Cars to Insure

These cars are perfect for those who want the thrill of driving a sports car without breaking the bank on insurance costs.

We will be looking at the overall cost of insurance as well as some of the features that make these cars attractive to drivers.

From classic models to modern marvels, you’re sure to find the perfect vehicle for your budget and lifestyle.

Fiat 124 Spider: $1,353

cheapest sports cars to insure

The Fiat 124 Spider is one of the cheapest sports cars to insure in 2023, with an average cost of just $1,353. This affordable roadster is perfect for young drivers looking for a great ride without breaking the bank.

Not only is the 124 Spider one of the least expensive cars to insure, but it’s also packed with features that make it one of the most attractive options on the market.

The stylish exterior and powerful engine combine to make it a great choice for those wanting to hit the open road in style.

Plus, it’s one of the few sports cars not considered “sports cars” for insurance purposes, meaning it can be even cheaper to insure than other models.

For drivers who want the thrill of a sports car without the high cost of insurance, the Fiat 124 Spider is definitely worth checking out.

BMW Z4 Roadster: $1,561

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If you’re looking for a sporty ride that won’t break the bank when it comes to insurance premiums, you can’t go wrong with the BMW Z4 Roadster. At just $1,561 per year, it is one of the cheapest sports cars to insure in 2023.

This German-engineered ride has a powerful 3.0L engine and six-speed manual transmission, making it perfect for those who love to feel the thrill of the open road.

With great handling and excellent safety features, the BMW Z4 Roadster is sure to please any sports car lover.

As far as insurance goes, it’s considered a low-risk vehicle, meaning you’ll be able to find more affordable coverage than you would with other vehicles in its class.

Chevrolet Corvette Stingray: $1,562

top 10 cheapest sports cars to insure

The Chevrolet Corvette Stingray is one of the cheapest sports cars to insure on the market. This classic car is a great choice for young drivers looking for a reliable, affordable, and powerful vehicle.

The Stingray is not only one of the cheapest cars to insure, but also one of the most stylish. Whether you are an experienced driver or just getting started, the Stingray is a great option for those looking to keep their insurance costs down.

It offers impressive performance at a competitive price and its low insurance cost makes it an attractive option for many drivers.

The Stingray may not be as cheap as some other sports cars on the market, but its low insurance rates make it one of the top 10 cheapest sports cars to insure.

Subaru BRZ: $1,580

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If you’re looking for an affordable sports car to insure, then the Subaru BRZ is a great option. It comes in at just $1,580 per year for insurance.

This makes it one of the cheapest sports cars to insure, and it’s also a very reliable car with a reputation for longevity.

The BRZ has good acceleration and cornering capabilities and is popular among younger drivers. It’s also considered one of the top 10 cheapest sports cars to insure, even in countries like the UK and Canada.

Plus, it’s not considered a sports car for insurance purposes, so you won’t have to worry about paying a higher premium.

Porsche Boxster: $1,580

cheap sports cars to insure

When you think of the most expensive sports cars, the Porsche Boxster is usually one of the first models that come to mind.

Not only is it one of the most stylish and iconic vehicles on the market, but it also happens to be one of the cheapest sports cars to insure in 2023. This mid-engine roadster provides power and performance at a great price point.

It has a 3.4-liter engine that produces 265 horsepower and 205 lb-ft of torque. This car has the perfect balance of handling and comfort, making it ideal for both long trips and daily commuting.

Plus, the Porsche Boxster can provide the best bang for your buck when it comes to insurance costs, with rates as low as $1,580 per year.

For young drivers looking to make their first foray into sports cars, the Porsche Boxster could be an excellent option. It also may be worth looking into which cars are not considered sports cars for insurance purposes, as this can help keep your premiums lower in the long run.

And if you’re looking for the best insurance for sports cars, make sure to compare policies and find one that offers the coverage you need at a reasonable price.

Audi TT: $1,584

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If you’re looking for sleek, stylish, and the most reliable sports cars, then the Audi TT is a great option. It may not be the cheapest sports car to insure, but it’s definitely one of the most affordable.

With an average annual premium of $1,584, the Audi TT is a great choice for those looking for a bit more speed without breaking the bank.

This model also offers excellent safety ratings, which can be important for young drivers or those who live in areas with higher insurance rates. Plus, it looks great, so you can show off your style on the road.

Chevrolet Camaro SS: $1,606

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If you’re looking for a powerful yet affordable sports car, the Chevrolet Camaro SS is one of the cheapest sports cars to insure in 2023.

Starting at around $1,606, the Camaro SS has a robust 6.2L V8 engine with 455 horsepower and 455 lb-ft of torque, enough to make any driving enthusiast giddy.

It also comes with a variety of advanced safety features, such as forward collision alert, blind spot monitoring, lane departure warning, and rear cross-traffic alert.

Additionally, the Camaro SS is known for its excellent fuel economy, making it an economical choice for those looking to save on their monthly insurance bills.

Whether you’re a young driver looking for an affordable sports car or an experienced driver who wants to take advantage of all the power and style the Camaro SS offers, it’s definitely worth considering when shopping for the cheapest sports cars to insure in 2023.

Ford Mustang GT: $1,656

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The Ford Mustang GT is one of the cheapest sports cars to insure in 2023, and it comes with a lot of bang for your buck. It’s powered by a 5.0-liter V8 engine and can generate up to 460 horsepower.

This car also offers a smooth and comfortable ride, thanks to its stiff suspension, wide stance, and wide track. It also comes with a 10-speed automatic transmission that makes it easy to handle and control.

With the Mustang GT, you get a car that has great performance, looks good, and won’t break the bank when it comes to insurance premiums.

When looking for the cheapest sports cars to insure in 2023, the Ford Mustang GT should definitely be at the top of your list.

While it may not be considered a sports car by some insurance companies, its performance capabilities, and style make it a great option for drivers who want to enjoy the thrills of driving a sports car without paying too much in insurance premiums.

Plus, it’s one of the cheapest 90s cars to insure, making it an even better choice for those who are on a tight budget.

Subaru WRX STI: $1,688

best insurance for sports cars

If you’re looking for a sporty ride that won’t break the bank, the Subaru WRX STI is an excellent option. Coming in at just $1,688 a year, it’s one of the cheapest sports cars to insure on the market. It’s no slouch either, offering up plenty of power and performance, as well as top-notch build quality.

You’ll also be getting plenty of safety features with this car, ensuring that you have peace of mind while on the road. It’s also worth noting that since the WRX STI isn’t considered a true sports car, you won’t be facing any additional charges for insurance.

This makes it one of the best options for those who want a sporty car but don’t want to pay through the roof for insurance.

Nissan 370Z: $1,692

best insurance for sports cars

The Nissan 370Z is a great option if you’re looking for one of the cheapest sports cars to insure in 2023.

Despite its powerful engine and sporty design, the Nissan 370Z can be relatively affordable to insure compared to other sports cars.

With an average insurance cost of around $1,692, this vehicle makes it onto the list of the most affordable sports cars to insure. It’s also a great choice for young drivers, as it won’t break the bank when it comes to insurance premiums.

Although the Nissan 370Z isn’t considered one of the cheapest 90s cars to insure, it’s still relatively low-cost compared to other models of sports cars.

Additionally, it’s not considered a sports car for insurance purposes, which means you can enjoy more reasonable premiums than what you’d find with some of the more expensive sports cars on the market.

If you’re interested in finding the best insurance for sports cars that also fits into your budget, then the Nissan 370Z could be the perfect choice for you. It’s one of the top 10 cheapest sports cars to insure and it provides plenty of power and style for a reasonable price.

Plus, with an average insurance cost of only $1,692 per year, you’ll get great value for your money.

Mini Cooper

cheapest sports cars to insure

The Mini Cooper is one of the cheapest sports cars to insure in the UK, with an average annual premium of around £1,023. It’s also one of the top 10 cheapest sports cars to insure in Ontario, and for young drivers in general.

The Mini is a great car for those on a budget looking for a stylish, fun ride. The Cooper S model is even more powerful, with a turbocharged 1.6L engine providing great performance.

When it comes to insuring a sports car, the Mini Cooper is cheaper than many of its rivals such as the Porsche Boxster or Audi TT, which can be costly to insure due to their higher market value.

However, it’s important to remember that insurance costs can vary depending on your age, driving experience, and other factors.

The Mini Cooper also has relatively low running costs, with a fuel efficiency of up to 46mpg.

As it’s not considered a sports car for insurance purposes, you may find that your insurer offers discounts for having a Mini Cooper on your policy.

Additionally, older models are usually cheaper to insure than newer ones, so if you’re looking for a cheap used sports car to insure then the Mini Cooper could be a great option.

Overall, the Mini Cooper is one of the cheapest sports cars to insure for both young and experienced drivers alike.

While it won’t offer quite the same level of performance as some of its rivals, it’s still a great choice for anyone looking for an affordable and reliable sports car.

Dodge Challenger

cheapest sports cars to insure

The Dodge Challenger is a classic muscle car, perfect for those looking for an iconic look and a powerful ride.

With its powerful engine and robust design, the Challenger offers a thrilling experience behind the wheel, while also being relatively affordable to insure.

Depending on the model, it can be one of the cheapest sports cars to insure, particularly in comparison to other muscle cars.

In fact, for young drivers, it may be one of the best options available for those looking for a cheap sports car to insure.

For drivers in the UK, the cost of insuring the Challenger is typically lower than other cars in its class, with a minimum premium of £1,600 per year. However, this may vary based on factors such as age and location.

In Ontario, premiums tend to be slightly higher due to the province’s stricter regulations.

The Challenger also has low insurance rates for those looking for a used sports car.

Many drivers in their late teens and early twenties can find great deals on a used Challenger, with some models costing as little as £1,100 per year to insure. This makes it one of the cheapest 90s cars to insure.

Overall, the Dodge Challenger is an excellent choice for drivers seeking a cheap sports car to insure. It has an iconic look and a powerful engine, making it both a stylish and thrilling ride.

Additionally, depending on the model and driver’s age and location, the Challenger may be one of the most affordable sports cars to insure.

Are older cars cheaper to insure? Are insurance rates for older automobiles lower? Yes, the majority of older vehicles are less expensive to insure, particularly for collision and comprehensive coverage. As cars age, their value decreases, which also affects the prospective insurance claims settlements. With a lot of historic or collector cars, this is not the case.

Are sports cars expensive to insure? Because these cars are more likely to be involved in crashes and have higher repair expenses, sports car insurance rates tend to be higher. Sports car insurance is more expensive than that for regular cars, however, some companies have more reasonable coverage alternatives than others.

Do luxury cars cost more to insure? Luxury car insurance often costs more than coverage for a regular car. Its greater premium is caused by a number of variables, including higher repair expenses and a higher chance of theft.

Is Audi or BMW cheaper to insure? However, compared to comparable high-end luxury automobiles from brands like Lexus, Mercedes, and BMW, Audis are significantly less expensive to insure. Depending on the model, these cars typically cost $4,000 or more to insure annually.

Summary: Cheap Sports Cars to Insure

Our 2023 rate comparison includes a wide range of vehicles, from the affordable Mazda MX-5 Miata with an MSRP of $28,050 to various high-end sports cars that can cost over $200,000, like the Acura NSX and Audi R8.

When purchasing a high-performance sports car, the cost of insurance is probably not a major consideration if you have the financial means to spend six figures on a car that won’t even be your primary vehicle if you search cheapest sports cars to insure.