Why is insurance higher on sports cars?

Question

I pay high insurance on my camero.But some of these non-sport cars seem to drive faster than me.
But I do drive the speed limits.Do you think its fair I pay higher?

Answer 1

A higher probability of crashing, damage, expense. So they take no chances. If you have a high-cost car everything will be high cost including the insurance.

Answer 2

Simply Sports Cars

Answer 3

The answer is simple. Insurance companies operate on formulas, simply sports cars are considered vehicles that will probably at some time be used in a fashion that increases the chances of getting into an accident due to aggressive driving associated with sports cars. The more you drive a car intended for performance driving the greater the risk for an accident.

Answer 4

I might suggest you to try this internet site where onel can get rates from different companies: http://insure-cheap.info/index.html?src=3YAiteaap1L9

RE :Why is insurance higher on sports cars?
I pay high insurance on my camero.But some of these non-sport cars seem to drive faster than me.
But I do drive the speed limits.Do you think its fair I pay higher?
Follow 16 answers

Answer 5

You own a camaro, but can't even spell it. That's a good sign that can't drive.

Statistical analysis will show that many sports car owners drive fast and engage in riskier behavior than non sports car owners.

I'm sure you can find the statistics on crashes, drunk driving, etc.. and the majority would include sports cars. So when actuaries are trying to determine rates, they use this data.

Answer 6

Your age is a factor, your zip code and the make and model of your car.

Insurance companies expect that young people who drive sports cars will file claims. So your rates are higher.

Answer 7

You can get quotes in just a few minutes at - SALESQUOTES.INFO-

RE Why is insurance higher on sports cars?

I pay high insurance on my camero.But some of these non-sport cars seem to drive faster than me.
But I do drive the speed limits.Do you think its fair I pay higher?

Answer 8

I would recommend you to visit this web page where you can compare quotes from the best companies: http://insuranceforcheap.info/index.html?src=5YALudWGK9fdB1

RE :Why is insurance higher on sports cars?
I pay high insurance on my camero.But some of these non-sport cars seem to drive faster than me.
But I do drive the speed limits.Do you think its fair I pay higher?
Follow 18 answers

Answer 9

Rates are based on the historical activities of people who have owned these cars: they drive faster generally, they have more accidents, the cars tend to be stolen more often, so like, what do you expect? That information (higher ins. cost) was available for you to see before you bought the car.

Answer 10

Duh. It's called risk management. Grandpa and his 2000 Crown Vic are much less likely to have an eight-car, med-air transfer, multiple DOA accident than you and your Camaro. Or me in my Mustang, which costs me TWICE what my van does for insurance, even though I drive both cars. It is the law of large numbers.