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Sports cars – they’re definitely up there on the list of aspirational purchases. But while most of us expect to pay top dollar for a sports car, insurance costs can still be a shock. Don’t panic, we can help.

Sports cars – they’re definitely up there on the list of aspirational purchases. But while most of us expect to pay top dollar for a sports car, insurance costs can still be a shock. Don’t panic, we can help.

Kate Hughes
Insurance expert
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Last Updated 5 SEPTEMBER 2022

What is sports car insurance?

The key thing to know is that sports car insurance works in much the same way as any other car insurance. The rub is that it will usually be more expensive and might have specialist cover added to it.

And we’re not just talking about one-of-a-kind vehicles or supercars. Sports cars like Audi TTs, Mazda MX-5s and Jaguar F-Types, for example, can reach high speeds and tend to be driven faster than run-of-the-mill cars, which make them more likely to be involved in an accident. Meanwhile, their good looks and powerful performance also make them more attractive to thieves. It all adds to the cost of cover.

That said, sports cars can generally be covered by standard insurance providers, although modified cars and ‘grey imports’ – those imported legally from outside the UK through unofficial channels – might need a specialist provider.

What is considered a sports car by insurance providers?

Essentially, a sports car features some of the performance characteristics of a racing car. Coupes, roadsters and GTs are commonly classed as sports cars, but even some family hatchbacks can be defined as ‘sporty’.

While there’s no one universally agreed definition of a sports car, the basic criteria usually include:

  • A two-seater car with greater performance or power than most standard cars.
  • Lower to the ground than your average car and lighter in weight.
  • Cars in a high insurance group.

What insurance groups include sports cars?

Car insurance groups run from 1 to 50, with cars in group 50 being the most expensive to insure. You might be the world’s most sensible driver, but sports cars fall into higher insurance groups because, in the eyes of insurance providers, these vehicles pose more of a risk than less powerful cars.

In fact, the chances are that any sports car you buy, whether it’s a new model or an older type, will be categorised beyond group 12, and is probably over group 20. The Mazda MX-5, for example, usually falls into groups 25-30 depending on its specifications.

Insurance providers work out a car’s group by looking at a whole range of things, including the car’s price when new (in case they have to pay out for a write-off), its top speed, the cost of its parts and how likely the vehicle is to be targeted for theft.

What does sports car insurance cover?

Like standard car cover, insurance for sports cars offers three levels of cover.

Third party is the legal minimum level of insurance. It can cover the cost of any damage you cause to someone else, their vehicle or their property. But you won't be covered for the cost of any damage done to your own car.

Third-party, fire and theft includes everything in third-party insurance, plus cover if your sports car is stolen or damaged by fire.

Comprehensive cover is the highest level of insurance you can get, but not necessarily the most expensive. Cover includes third-party, fire and theft plus any other damage caused to you or your car.

Sports car policies can also cover some more unusual incidents, like:

  • Soft roof damage – get your soft-top convertible fixed if it’s targeted by vandals.
  • Malicious damage and vandalism – cover for repairs if your sports car is maliciously damaged by vandals.
  • Modifications – your insurance provider might allow you to make certain changes to your car, or agree to insure it if it’s already modified.
  • Driving abroad – get cover for EU and overseas travel if you want to cruise along foreign shores.
  • Track days – you can get specialist cover for taking your car to race around a track to reach top speeds. Some providers may automatically include this in your policy as standard.

As with all insurance policy shopping, don’t assume that they’re all the same. Some specialist sports car policies may include additional cover as standard, while others will charge more for extra cover. It’s a good idea to compare different types to see which ones may offer better value. A deep dive into the small print now could save you a lot of hassle later.

Top tip
The more unusual the vehicle or its modifications, the more of a challenge insuring it becomes, potentially pushing the cost of cover higher. If you can’t resist tinkering with an already special vehicle, consider a mainstream modification, fitted and tested by independently qualified specialists.

How much does it cost to insure a sports car?

You should expect to pay more for sports car insurance than for a standard car because high-performance vehicles will typically fall into the higher car insurance groups. Even if you really do only ever drive your sports car within the speed limits, the fact that they can reach higher speeds makes them more of a risk in insurance terms.

But like any car insurance, the cost of your sports car cover isn’t just about the vehicle itself. Insurance providers will also consider your personal circumstances, including:

  • Your age young drivers and seniors will typically pay more for their car insurance, as they’re considered a greater risk on the roads.
  • Your address – if crime rates are high in your area, there’s more risk of your sports car being stolen or vandalised, so your premium is likely to be higher.
  • Where you keep your sports car – keeping your car in a locked garage overnight could result in cheaper insurance than parking it on the street.
  • Claims history – any recent claims on your car insurance will bump up the price of your premium, while building up a decent no-claims bonus could earn you a handy discount.
  • Motoring offences – it can be tempting to push your sports car to its limits, especially on the motorway, but a speeding ticket will inevitably push up the price of your premium.

How can I get cheaper sports car insurance?

Unfortunately, there’s no escaping the fact that sports cars are notoriously expensive to insure. But there are a few things you could try to reduce the cost of your car insurance:

  • Limit your mileage – if you don’t do many miles in the car, a limited mileage policy might lower your premium. You could also look into pay-as-you-go insurance.
  • Pay a  higher voluntary excess – this is the amount you pay towards any insurance claim. The more you agree to pay, the lower your premium will be. Just make sure you can afford to pay the excess if you need to make a claim.
  • Boost security – a nice car is always going to be a target for thieves. If it doesn’t already have one, fitting a car alarm or an immobiliser could deter thieves and vandals, and it might help to lower your premium.
  • Compare car insurance – shopping around and comparing quotes really could help you find a cheaper deal.

Where can I find affordable sports car insurance? 

You can compare quotes with us to see if you can save on your sports car insurance. 

We independently compare a wide range of trusted UK providers, to help you find the best sports car insurance deal for you and your high-performance vehicle. 

Compare with us today and find affordable sports car insurance at the level of cover you need.

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Frequently asked questions

What is a high-performance car?

A high-performance car is one that has a lot of power and not much weight. They’re built to be slick and fast, with tight steering and the ability to hug curves. These cars are tuned for a better performance in speed, handling and braking.

Many sports cars are high performance, but top-end non-sports cars – like some SUVs and saloon cars – are also classed as high performers.

Why is sports car insurance so expensive?

Sports cars are more expensive to insure than other cars for several reasons:

  • Higher speed capacity means there’s a greater risk of accidents.
  • They’re more likely to be attractive to thieves and vandals.
  • Parts are typically more expensive and difficult to source, so repair costs can be higher.

What are the cheapest sports cars to insure?

Not all sports cars cost an arm and a leg to insure. Here’s a few of the cheapest sports cars to insure on the market today. This isn’t a definitive list but includes some of our favourites – giving you all the thrills of a precision-built machine without it costing you a fortune:

Mazda MX-5

This is one of the most popular two-seater roadsters in the world. Fuel costs are reasonably low and starting from insurance group 21 but can go up to 32, it’s also one of the most affordable sports cars to insure if you pick the right model.

MINI Cooper S

While it may not seem like a traditional sports car, the MINI Cooper S has a powerful engine to rival more expensive sports cars. Sitting in a very reasonable insurance group 22-26 depending on trim and extras, this little pocket rocket is also more affordable to insure. 


If you’re looking to keep running costs to a minimum, opt for the entry-level versions of the sleek and stylish BMW Z4, which start in insurance group 30. Avoid the top specs, which reach into insurance groups in the 40s. 

Audi TT

The newest versions of the sporty Audi TT coupe are lighter, faster, and more economical to drive. The 40 TFSI models, which fall into insurance groups 33 to 36, are the cheapest to insure. They also tend to hold their value well, which can offset some of the running costs. 

Jaguar F-Type

A brand new Jaguar F-Type doesn’t come cheap – the most cost-effective option is the P300 with a starting price of just over £56,000. But the 2.0 litre four-cylinder turbo offers a superb performance, and starting in insurance group 41, can be much cheaper to insure than six-figure versions and rivals in group 50.  

Remember – before you buy a new car always check the insurance group for the exact make, model and trim, as your added extras could push it up or down a group, potentially costing you more to insure it.

Is insurance high for older sports cars?

Insurance for an older sports car might be more expensive than for a brand new model. This is because it won’t be fitted with the latest security features or driver assistance safety tech, which can help prevent accidents. 

Depending on the age of your sports car, you might want to consider classic car insurance, which can sometimes work out cheaper if you keep it in good nick and don’t drive it all that often. 

Check first though, as different providers have varying age and value criteria for what they count as a ‘classic car’.

Can I modify my car to bring the insurance costs down?

It depends on the modifications. When an insurance provider quotes a price, they’ll take into consideration the original specification of the car.

If you change things, like adding new alloy wheels, the insurance provider may charge you more. Typically, any mods that boost the power of your car, make it more attractive, or increase its value, will likely push up the price of your car insurance.

That said, some changes might help lower your premium, especially if you’re improving the car’s security system. Just make sure you’re honest with your insurance provider and tell them about any modifications so they can ensure you’re properly covered and your policy remains valid.

Can I get sports car insurance if I’m under 25?

Statistically, inexperienced car drivers and passengers aged 17 to 24 pose a greater risk and are more likely to be injured in a road accident than older people. If you’re under 25, it will be difficult to find affordable sports car insurance. 

Even standard insurance will cost you a lot more, so it might be better to spend your money on a sensible car in a lower insurance group, and wait a bit to build up your no-claims discount before investing in a sports car.

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