Insurance Analysis of the 2013 Scion FR-S

The 2013 Scion FR-S is the sports car for all financial classes, as long as you can afford the insurance premium.

The Scion FR-S

Switching gears a little, most of the insurance analysis articles for the next month are going to be focused on the higher-end cars that we are get excited about. This first one, the 2013 Scion FR-S isn’t considered a high-end, sports car, but it looks like one.

The best thing about the FR-S, is that it is a great looking car for under $30,000; making it one of the few sports cars that most people can easily afford. I for one am thinking that this is my next car, once my kid has graduated and moved out.

IIHS Safety Ratings for the 2013 Scion FR-S

The 2013 Scion FR-S is not only an extremely affordable sports car it is also a Top Safety Pick by the Insurance Institute for Highway Safety. Could this car get any better?

The FR-S earned “good” ratings in all three testing categories:

Front crash test

Side impact test

Roof strength test (for rollover crashes)

(The “good” rating is the highest rating that the Insurance Institute for Highway Safety offers for a vehicle. )

The 2013 FR-S is the first time the IIHS has tested this model, because it has only been out for a couple of years. And to get a Top Safety Pick rating on the first testing is rather impressive.

What Might You Expect For 2013 Scion FR-S Insurance Premiums?

This particular vehicle has two things going for it already. One, the vehicle is a Top Safety Pick, so the premiums for your medical payment coverages are going to be low. Two, the vehicle is not expensive; meaning that the parts to fix the vehicle, if it is in an accident, will be low. Cheaper parts means lower comprehensive and collision coverages.

Now, for the bad news…….

This vehicle is brand new; there have only been two other model years before it and the first model year (2011) was just a concept car. This means there are few if any after-market parts available. Insurance companies like using after-market parts to fix cars because they are cheap, so this may affect the comprehensive and collision coverage.

Also, let’s not forget that the 2013 Scion FR-S is still a sports car. It’s got kick under the hood and it is going to attract the desire of young drivers that can afford this cheaper sports car. Sports cars in general have higher insurance premiums, specifically liability, because of the higher chance of a car accident being caused by them. So, I would look for the 2013 Scion FR-S to have a higher premium than the 4-door sedan you are driving right now.