High-performance cars with affordable insurance rates

Many high-performance car enthusiasts assume that owning one comes with sky-high insurance premiums. However, several high-performance models offer a balance of power, style and relatively affordable insurance rates. These cars allow drivers to experience the thrill without breaking the bank on insurance costs. 

In this guide, we’ll explore some high-performance vehicles that deliver exhilarating driving experiences and come with more reasonable insurance premiums than you might expect.

Average car insurance rates for fast cars

A fast car’s performance often comes with a price tag – not just at the dealership but also in terms of car insurance. High-performance cars often have higher insurance premiums due to increased risk and value. The more powerful the engine and the more expensive the car, the more you can expect to pay for coverage.

Below, you’ll see the average annual premium for some of the most popular high-performance cars.

Which insurance companies provide cheap insurance rates for fast cars 

Finding affordable coverage for a high-performance or fast car can be challenging due to the vehicle’s increased risk and higher value. However, many insurance companies offer competitive rates for fast cars, making it easier for owners to get comprehensive coverage without breaking the bank. 

Camaro LT1

State Farm offers the lowest premium at $1,703, followed by Nationwide at $2,123 and Geico at $2,212. Below, you’ll find a list of the cheapest car insurance companies for your Camaro LT1.

Camaro 1SS

If you’re looking for affordable car insurance rates for your Camaro 1SS, State Farm offers the lowest annual premium at $1,894. Other affordable car insurers include Geico at $2,213, Nationwide at $2,123, and Farmers at $2,465. 

Camaro ZL1

State Farm offers the most affordable insurance rate for the Camaro ZL1 with an annual premium of $2,214, followed by Nationwide at $2,540 and Progressive at $2,692.

Challenger SRT Super Stock

State Farm has the cheapest car insurance rates for the Challenger SRT Super Stock, with an average annual cost of $2,714. Nationwide is the second most affordable insurance company at $3,347, followed by Farmers at $4,017.

Dodge Charger SRT Hellcat Widebody Jailbreak

State Farm is also the cheapest car insurance company for a Dodge Charger SRT Hellcat Widebody Jailbreak with an annual premium of $2,731. Nationwide also offers affordable insurance at $2,806. 

The table below shows car insurance companies with affordable rates.

Corvette Stingray 1LT

State Farm provides the cheapest car insurance rates for a Chevrolet Corvette Stringrat 1LT at an average cost of $1,903 a year. See other insurance companies with affordable premiums below.

Chevrolet Corvette Z06 1LZ

State Farm offers the lowest premium, at $2,450 annually, making it an excellent choice for those seeking affordable Chevrolet Corvette Z06 1LZ insurance. Nationwide and Geico also provide cheap insurance rates. 

Tesla Model S

State Farm, Nationwide and Progressive offer cheap car insurance rates for the Tesla Model S. On the other hand, Allstate’s car insurance rates are the most expensive, with an average annual cost of $6,032.

Tesla Model S Plaid

Nationwide and State Farm offer the most affordable car insurance premiums for Tesla Model S Plaid at $2,467 and $2,860, respectively. Below are auto insurance rates for a Tesla Modle S Plaid from different insurance companies. 

Mustang GT Premium

State Farm has the cheapest car insurance rates for Mustang GT Premium at $1,651 a year. Your rates will vary based on your age, driver profile and location. Make sure you compare quotes from multiple carriers to find the one that fits your budget.

Below is a list of insurers that offer cheap car insurance rates for Mustang GT Premium. 

The bottom line

Finding a high-performance car without steep insurance premiums can be challenging. Insurance rates for such vehicles are typically higher due to the increased risk of accidents and costly repairs. However, some high-performance cars are known for being more insurance-friendly. 

What is a muscle car, and how much does muscle car insurance cost?

A muscle car is a term used to describe a class of high-performance vehicles that are equipped with powerful engines and designed for high-speed driving.

The term “muscle car” emerged in the mid-1960s to describe street vehicles equipped with powerful engines. Initially, these cars were standard models that owners modified by upgrading the engines and designs to enhance power and speed.

Muscle cars include Tesla Model S Plaid, Chevrolet Camaro ZL1, Chevrolet Corvette Z06 1LZ, Chevrolet Camaro LT1, Ford Mustang GT Premium, Chevrolet Camaro 1SS, Dodge Challenger SRT Super Stock, Dodge Charger SRT Hellcat Widebody Jailbreak, Chevrolet Corvette Stingray and Tesla Model S.

Based on our rate analysis, car insurance for a Chevrolet Camaro LT1 costs an average of $2,318 a year.

In detail, let’s learn more about these fast cars with cheap insurance rates. 

Tesla Model S Plaid

Average annual premium:  $4,563 

Insurance cost per horsepower: $4.47 

The Tesla Model S Plaid combines advanced electric performance with practicality, featuring a tri-motor all-wheel-drive system, over 1,020 horsepower, a 0-60 mph acceleration in under two seconds, and an EPA-estimated range of 390 miles.

Chevrolet Camaro ZL1

Average annual premium:  $3,016 

Insurance cost per horsepower: $4.64 

The 2024 Chevrolet Camaro ZL1 stands out in the lineup with its 650 horsepower and advanced performance technology, offering strong straight-line speed along with impressive handling and control on winding roads.

Chevrolet Corvette Z06 1LZ

Average annual premium:  $3,288 

Insurance cost per horsepower: $4.91 

The 2024 Chevrolet Corvette Z06 1LZ, the entry point to the Z06 lineup, features a 5.5-liter V8 engine with a flat-plane crankshaft producing 670 horsepower, paired with a track-tuned suspension and aerodynamic enhancements for a focused performance experience.

Chevrolet Camaro LT1

Average annual premium:  $2,318 

Insurance cost per horsepower: $5.09 

The 2024 Chevrolet Camaro LT1 offers a 3.6L V6 engine with 455 horsepower, blending performance with a sleek design and modern features like a touchscreen infotainment system, making it a solid choice for driving enthusiasts.

Ford Mustang GT Premium

Average annual premium:  $2,447 

Insurance cost per horsepower: $5.32 

The 2024 Mustang, now in its seventh generation, combines classic design with accessible performance options, offering a choice between a 5.0-liter V8 and an EcoBoost turbocharged four-cylinder, alongside an upgraded infotainment system for a modern driving experience.

Chevrolet Camaro 1SS

Average annual premium:  $2,443 

Insurance cost per horsepower: $5.37 

The 2024 Chevrolet Camaro 1SS Convertible features a 455-horsepower V8 engine, advanced technology, and safety features, offering a balance of performance and practicality, with the added enjoyment of open-air driving.

Dodge Challenger SRT Super Stock

Average annual premium: $4,440 

Insurance cost per horsepower: $5.50 

The Dodge Challenger SRT Super Stock, with its supercharged 6.2-liter V8 engine producing 807 horsepower, combines bold widebody styling and enhanced grip with thrilling acceleration, reaching 0 to 60 mph in just over three seconds.