As you prepare to hit the open road in your sleek and sporty coupe, it’s crucial to consider the financial responsibility that comes with owning a high-performance vehicle—insurance.
Coupe insurance rates can often be higher than those for other types of vehicles. The unique characteristics of coupes, including their powerful engines, sleek designs, and higher risks associated with sporty driving, play a significant role in determining insurance premiums. However, understanding how these rates are calculated and exploring ways to save can help you navigate the insurance landscape with confidence and potentially reduce your costs.
In this article, we will delve into the average coupe insurance rates, which are the most expensive and least expensive coupe, which are the mos affordable coupes to insure, the states which offer cheap coupe insurance rates, rate comparison between a coupe and a sedan. We also cover some tips and tricks to save on coupe insurance rates. Lets dive in.
Average car insurance rates for coupes
Based on the data provided, the average insurance rate for coupes is $2,578 per year. The average maximum insurance rate for coupe is $1,577 more than the average coupe insurance rates. On the other hand, the average minimum rate for insuring a coupe is $1,765 per year. Table name: Average coupe insurance rates
| Average coupe insurance rate | Average Maximum insurance rate | Average Minimum insurance rate |
| $2,578 | $4,155 | $1,765 |
Most expensive coupes to insure
The average monthly premium for the most expensive coupe, the BMW M8 Competition XDrive, is $346. This is nearly $130 more than the monthly premium of the Ford Mustang Shelby GT500, which is the lowest rate amongst the most expenisve coupes in this list at $216 per month.
| Make | Model | Avg. Annual Premium | Avg. Monthly Premium |
| BMW | M8 Competition XDrive | $4,155 | $346 |
| Audi | R8 5.2L V10 Quattro Performance | $3,904 | $325 |
| Porsche | 911 Turbo | $3,834 | $319 |
| Acura | NSX Type S | $3,626 | $302 |
| Jaguar | F-Type R | $3,550 | $296 |
| Dodge | Challenger SRT Hellcat | $3,396 | $283 |
| Lexus | RC F Fuji Speedway Edition | $3,308 | $276 |
| Mercedes | C63 AMG S | $2,893 | $241 |
| Infiniti | Q60 Red Sport 400 | $2,648 | $221 |
| Ford | Mustang Shelby GT500 | $2,593 | $216 |
⚡ Tip to save on coupe insurance rates
Consider Storage Options: If you have a coupe that you don’t use year-round, consider storing it in a secure location, such as a garage. Insurance providers may offer reduced rates if your car is kept in a safe and protected environment.
Most affordable coupes to insure
The Chevrolet Camaro 2LT is the cheapest to insure, with an average annual premium of $1,765 and a monthly premium of $147. On this list, the BMW 430i SULEV has the highest rates, with an average annual premium of $2,319 and a monthly premium of $193.
| Make | Model | Avg. Annual Premium | Avg. Monthly Premium |
| Chevrolet | Camaro 2LT | $ 1,765 | $ 147 |
| Subaru | BRZ Limited | $ 1,960 | $ 163 |
| Ford | Mustang GT | $ 1,986 | $ 165 |
| Mercedes | CLA250 | $ 2,085 | $ 174 |
| Dodge | Challenger SXT | $ 2,134 | $ 178 |
| Toyota | GR Supra | $ 2,162 | $ 180 |
| Lexus | RC 300 | $ 2,184 | $ 182 |
| Audi | A5 2.0T Quattro Premium | $ 2,224 | $ 185 |
| Porsche | 718 Cayman | $ 2,300 | $ 192 |
| BMW | 430i SULEV | $ 2,319 | $ 193 |
- Affordable Option: The Chevrolet Camaro 2LT is the most affordable choice for drivers looking to minimize insurance costs.
- Luxury Costs More: Coupes like the BMW, Porsche, and Audi command higher premiums due to their higher value and performance features.
- Performance Cars in the Middle: Cars like the Mustang GT and Subaru BRZ Limited fall into the mid-range category, making them a balance between performance and insurance costs.
⚡Tip
Modifications Influence Coverage: Many coupe owners enjoy customizing their vehicles with modifications such as spoilers, body kits, or engine enhancements. It’s important to note that these modifications can impact insurance coverage and premiums. Some insurers may require additional coverage or charge higher premiums to adequately cover the modified components.
State which offer cheap car insurance rates for coupes
Alaska offers the lowest average annual premium for coupe insurance at $1,948 per year, while Washington D.C. has the highest average annual premium at $3,687 per year. California, Colorado, and Delaware also have relatively high average premiums for coupe insurance, with annual rates of $3,252, $3,066, and $2,570, respectively.
| State | Avg. annual premium | Avg. monthly premium |
| Alaska | $1,948 | $162 |
| Connecticut | $2,240 | $187 |
| Alabama | $2,527 | $211 |
| Arizona | $2,550 | $212 |
| Delaware | $2,570 | $214 |
| Arkansas | $2,865 | $239 |
| Colorado | $3,066 | $255 |
| California | $3,252 | $271 |
| Washington D.C. | $3,687 | $307 |
Coupe vs sedan insurance costs: Unveiling the cost differences
Comparing the average insurance rates for coupes and sedans, coupes are generally more expensive to insure. The average annual premium for coupe insurance is $2,578, while the average annual premium for sedan insurance is $2,131, a difference of $447 per year.
| Avg. Coupe insurance rate | Avg. Sedan insurance rate |
| $ 2,578 | $ 2,131 |
Frequently Asked Questions
Is a coupe expensive to insure?
Yes, generally speaking, coupes tend to be more expensive to insure compared to other types of vehicles. There are several factors that contribute to this higher insurance cost. They are:
- Powerful engines and sporty performance capabilities. Insurance companies take this into account when determining premiums, as higher-performance vehicles are associated with a higher likelihood of accidents and expensive repairs.
- Increased risk of theft.
- Cost of parts and repairs for coupes are higher compared to standard sedans or compact cars.
Which is better for cheap car insurance sedan or coupe?
Based on the data, sedans are generally cheaper to insure than coupes, with an average annual premium difference of $447. However, individual insurance rates will vary based on factors like the specific make and model of the vehicle, driving history, location, and coverage levels.
Which companies offer cheap car insurance for coupes?
Among the six major insurance companies listed, State Farm offers the cheapest car insurance for coupes, with an average annual premium of $1,793 and a monthly premium of $149. Allstate is notably the most expensive, with an average annual premium of $3,822 and a monthly premium of $318. Other insurance companies, such as Nationwide, Geico, Progressive, and Farmers, offer varying rates in between these two extremes.
| Company Group | Avg. Company Annual Premium | Avg. Monthly Premium |
| State Farm | $ 1,793 | $ 149 |
| Nationwide | $ 2,169 | $ 181 |
| Geico | $ 2,358 | $ 196 |
| Progressive | $ 2,480 | $ 207 |
| Farmers | $ 2,973 | $ 248 |
| Allstate | $ 3,822 | $ 318 |
- For Cost-Conscious Drivers: State Farm is the clear winner, providing a balance between coverage and affordability.
- Mid-Range Solutions: Drivers who prefer a company like Nationwide or Geico can still manage relatively affordable premiums, with monthly payments under $200.
- Premium Providers: Drivers looking at Farmers or Allstate should weigh whether the additional cost is worth it, as both companies charge significantly higher premiums.
Coupes are generally more expensive to insure due to their powerful engines, higher risks associated with sporty driving, attractiveness to thieves, and higher repair costs.
By understanding the factors that contribute to coupe insurance rates and implementing money-saving strategies, you can make informed decisions, find suitable coverage for your coupe, and potentially save on insurance costs.
Methodology
CompuQuote commissioned 2022 data for Coupe insurance rates from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- 12-mile daily commute and 10,000 annual miles
- Good credit
- Clean record
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $50,000 property damage per accident
- $500 comprehensive and collision deductible
CompuQuote analyzed rates for around 1278 vehicles from 57 companies for more than 45,740,880 million quotes. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
