4 Factors That Can Make Convertibles Expensive to Insure

Posted by Safeco May 14, 2015

Check Car Insurance Costs Before Purchasing a Drop Top

Insuring a Convertible Car

So your heart’s set on driving off the dealership lot with the top down and the sun on your face, the envy of each onlooker you pass. But, have you checked in with your local insurance agent about the cost of insuring a convertible?

You may think it’s only a myth that convertibles are expensive to insure, but, in many cases, there’s some truth to the notion.

It’s important to have realistic expectations about the cost of insuring a convertible. To help, here are four reasons why you may spend more insuring a convertible than you would a less envy-evoking ride (the best way to know what will or won’t impact your rates, of course, is checking insurance costs with your local agent):

  1. Convertibles Cost More to Purchase, More to Insure
    Car insurance rates can vary greatly from vehicle to vehicle. In general, the more your car is worth, the more it will cost to insure. Convertible cars cost more to purchase than a similar model with a fixed top and not just because they’re so fun drive. It’s because they have added safety features and additional moving parts that operate the top. Therefore, convertibles can also cost more to insure.
  2. Higher Horsepower, Higher Insurance Costs
    If your convertible just so happens to be a sports car with a V6 or V8 engine, too, you should expect to possibly pay more for car insurance. Cars with a higher top speed are at greater risk of a high-speed collision.
  3. Soft Top Convertibles Are Prone to Theft and Vandalism
    Slicing open your convertible top may be an act of vandalism, a way for thieves to steal items from inside your car or a way to make off with the car itself. Because of these soft-top risks, convertibles may cost more to insure.
  4. Hardtop Convertibles Have Added Weight
    The weight of your vehicle can factor into your car insurance premiums. A retractable hardtop adds considerable weight, and possibly insurance costs, to your vehicle.

Of course, many other factors influence how much you’ll pay to insure a convertible. These include your age, your driving history and the amount of driving you do. So, don’t skip the check-in with your local insurance agent on your way to purchase a convertible. Be certain you can afford both the monthly car payments and the monthly insurance costs.

It may sound like we’re trying to sway you from the car of your dreams, but we’re not. We just want you to be financially sound and protected when you’re rolling with the top down.


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Insurance is offered by Safeco Insurance Company of America and/or its affiliates, with their principal place of business at 175 Berkeley Street, Boston, Massachusetts, 02116. This website provides a simplified description of coverage. Nothing stated herein creates a contract. All statements made are subject to the provisions, exclusions, conditions and limitations of the applicable insurance policy. Please refer to actual policy forms for complete details regarding the coverage discussed. If the information in these materials conflicts with the policy language that it describes, the policy language prevails. Coverages and features not available in all states. Eligibility is subject to meeting applicable underwriting criteria.