The Scion FR–S sports coupe is the result of a partnership between Toyota and Subaru. The cost of insurance for sports cars is more than that of a sedan. A Toyota Camry 2019 is insured for $1,674 annually. Bankrate has compiled the following information to help you determine the cost of Scion FR–S car insurance.
First, note that the Scion brand had been discontinued and replaced by Toyota. The FR-S was rebranded to the 86. The resale market is still very popular for older FR-S models. This review will provide information on the Scion FR-S and the new Toyota 86, as well as rates.
What is the cost of insurance for a Scion FR–S?
The average cost for car insurance will vary based on where you live, your driving record, and the level of coverage. It also depends on the value and type of your vehicle. The premiums for sports cars are usually higher than those of other makes such as sedans or compact SUVs. Other contributing factors include the sports car’s total value and perceived danger associated with the driver’s ability to speed.
- Statistics on crash rates: Crash-related data is not available for the FR–S. The IIHS reported that for 2017, the death rate of sports cars was 36, with some models reaching the mid 80s.
- Prices of parts: Original manufacturer parts are still available directly from Toyota for models 2013-2016. They are however generally more expensive than the rest.
- Safety features: When shopping for a used Scion FR–S, you will find standard safety features such as front and side-mounted airbags for the driver and passenger, brake assist, brake distribution (EBD), brake assistance, traction control, and stability control. This may lead to lower rates or even discounts depending on the provider.
You can get quotes from multiple car insurance companies if you’re interested in buying a Scion FR–S. To make the process easier, many companies offer online quotes. Usually, it takes less than 5 minutes to get a quote. You may be eligible for a discount if your policy is purchased entirely online.
Bankrate compared the average rates of Scion FR–S insurance based upon quoted annual premiums starting in 2021.
Car insurance for a Scion FR–S
The average rates for Scion FR–S are slightly higher than the national vehicle average, but they are still affordable. Although sports cars are more expensive to insure than other vehicles, it is possible to save money by shopping around and taking advantage any carrier discounts.
The FR-S has been discontinued but parts are still available from Toyota and the aftermarket. Because parts are readily available, repairs may be less expensive. This could explain why the rates for this model of sports car is not as high as other models like the Corvette or Tesla. This is what you can expect to pay for insurance on a 2016 Scion FR–S. Keep in mind that rates can vary depending on where you live and your driving record.
Cheapest car insurance for a Scion FR–S
Start by comparing the best Scion FR–S car insurance companies in your area. This will help you find the lowest cost. Compare rates from multiple providers to find the best rates. Bankrate compared the market share of top car insurance providers and analyzed their annual premiums to get an estimate of the cost of insuring a Scion FR–S. These are the top car insurance companies that were reviewed and have the corresponding annual rates.
Features of Scion FR–S that can impact insurance costs
Due to their speed and safety ratings, sports cars tend to be more costly to insure. The Scion FR-S is equipped with many safety features. This could impact the average cost of insurance for the model. It also depends on whether a company offers lower premiums or if there are discounts. The IIHS safety rating 2016 model gave it a “G” rating for good in all categories, except the driver’s front which received an average rating. The following safety features are available on later models (Toyota 86), which can reduce the chance of an accident and decrease passenger and driver injuries.
- Six airbags
- Hill start assist control prevents the vehicle’s rolling when it switches from brake to drive on a hill.
- Vehicle stability control
- Anti-lock brakes
- Traction control
- Brake assist
- Electronic brake-force distribution
- Smart Stop Technology
Additional car insurance coverages for Scion FR–S
Many states require drivers to have at least some liability coverage. Liability insurance doesn’t cover damages to Scion FR–S. Full coverage car insurance adds comprehensive and collision coverage. They can be combined to cover damages to your car due to a variety of perils such as an accident, hitting an animal, flooding, or severe storms.
Uninsured/underinsured motorist coverage may be mandatory in some states as well. You can add the coverage to give you additional peace of mind, even if it’s not mandatory.
Other insurance options you might consider include accident forgiveness, roadside assistance and towing (in the event your FR-S is damaged), and extended glass coverage which pays for replacement or repair of damaged windshields and windows.
