Got a Need For Speed?

Looking for a fast car, without breaking bank and spending every penny you’ve got on your NC insurance? Insure.com recently did a study to find the cheapest cars that can reach 0 to 60 mph in 5-seconds or less. While researching into 44 different automobiles, they found the best bargain for your dollar.

Insurance rates are calculated using several different factors including the perceived risk of paying out injury and damage claims, the safety features of the vehicles, the likelihood of it being stolen, and the cost of repairing and replacing parts on the vehicle. The cheapest car, according to insurance premium cost per second of acceleration time was the Chevrolet Camaro SS. At a 0 to 60 speed of 5 seconds, the Camaro may not be the fastest of the bunch, but it is the best bargain at a cost of $324.00 per second of acceleration (the average national premium based on a 40-year with a good driving record is $1,620).

Want to know if your favorite speed demon ranks in the top 20 fast cars with cheap insurance? The following is Insure.com’s findings:

Fast cars with cheap auto insurance

Rank2011 vehicleAvg. national premium Seconds, 0 to 60 mphInsurance cost per second of acceleration time 
1Chevrolet Camaro SS $1,6205 $324.00
2Dodge Challenger R/T $1,7575 $351.40
3Ford Mustang GT convertible $1,6964.7 $360.85
4Ford Mustang GT coupe $1,7264.3 $401.40
5Chevrolet Corvette coupe $1,7414.2 $414.52
6Audi S5 4.2 Quattro $1,9954.8 $415.63
7Chevrolet Corvette convertible $1,7824.2 $424.29
8BMW M3 $2,0134.7 $428.30
9Lexus IS F $1,9794.6 $430.22
10Chevrolet Corvette GS convertible $1,8024 $450.50
11Chevrolet Corvette GS coupe $1,8184 $454.50
12BMW M3 $2,1424.7 $455.74
13Audi S5 4.2 Quattro Prestige $2,2184.8 $462.08
14Ford Mustang Shelby GT500 coupe $1,9234.1 $469.02
15Cadillac CTS V coupe $1,8413.9 $472.05
16Mercedes C63 AMG $2,0514.3 $476.98
17Ford Mustang Shelby GT500 convertible $1,9594.1 $477.80
18Cadillac CTS V sedan $1,9373.9 $496.67
19Jaguar XJ L $2,4584.9 $501.63
20Porsche Panamera 4S $2,4264.8 $505.42

However, there are a few factors to remember before jumping into purchasing your dream car. First, every NC insurance rate varies according to each individual, their past driving record, their credit, and many other factors. The study done by insure.com was based on a 40-year old male with a clean driving record and a good credit score. Something else to always remember is to not abuse the power of one of these speedy vehicles; always drive with safety as your main concern! Accidents can happen anywhere and at anytime, therefore it’s important to always keep safety in mind and drive with caution while following the rules of the road.

For more information on NC insurance and to learn other interesting facts and tidbits about insurance call Spivey Insurance Group today at 877-318-5951 or visit our website. Don’t forget to also follow us on Facebook and Twitter to stay up to date on the latest happenings in the wonderful world of insurance!

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