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How would insurance companies rate a 2004 Pontiac GTO?
"I'm a new driver and want to get one. Is it considered a sports car? Would it be rated higher than a different type of car?"
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“A Pontiac GTO is considered a sports car and would be rated as high risk. This means that the cost to insure the vehicle will be significantly higher than a sedan or compact car.
Sports cars are considered high risk because they are designed for high speeds. Insurance companies assume that those driving a sports car drive faster and less carefully.
Combined with the fact that you are a new driver, your rates are likely to skyrocket. To get an idea of the cost, you’ll want to start shopping around now. You can request
car insurance quotes online
to get an idea of an average rate for insurance.You should also choose another non-sports car that you like to compare rates with the same companies. From there, you’ll be able to decide if getting a sports car is within your budget.”
View full answer
- Gregory R.
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