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Do insurance companies consider a Hyundai Veloster N a sports car?
I want to get a Hyundai Veloster N, but I heard that sports cars cost more to insure. Is this true? Should I consider getting another vehicle?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A
Hyundai Veloster N
is classified as a compact sports car. Due to the risk associated with sports cars, they do often cost more to insure with car insurance
companies.A sports car is considered higher risk because of their speed. Riskier driving behavior and accidents are more likely to occur when someone drives a sports car. To protect against that risk, insurance companies often charge more.
Whether you should consider getting another vehicle depends on what you can afford. You should request
car insurance quotes
for the vehicle and see what rates carriers are offering.If they are reasonable or you can afford them, you could move forward with it. If you aren’t able to afford it, you should consider another vehicle.
While you may like the way the Veloster looks, you don’t want to skimp on coverage for aesthetics.
View full answer
- Gregory R.
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