Rising Insurance Costs Price Enthusiasts Out of Performance Cars
HLDI data shows 2020-2022 Charger SRT Hellcat theft claims at 25 per 1,000 insured vehicle years, driving up insurance costs.
June 29, 2026
1 min read
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Source: insurancebusinessmag.com
Image: insurancebusinessmag.com
A recent report from the Highway Loss Data Institute (HLDI) highlights that rising insurance costs are increasingly pricing enthusiasts out of performance cars. The HLDI found that 2020 to 2022 Charger SRT Hellcat models recorded 25 whole-vehicle theft claims per 1,000 insured vehicle years, a rate significantly higher than average.
Similarly, the HLDI data revealed that 2022 to 2024 Camaro ZL1 models had a whole-vehicle theft rate 39 times higher than the average for all vehicles. These high theft rates lead to substantially higher insurance premiums, making ownership of such vehicles less affordable for many enthusiasts.
The trend is not limited to these models; other high-performance vehicles also face elevated theft risks and corresponding insurance costs. This financial burden is causing some car enthusiasts to reconsider purchasing or maintaining performance cars, potentially shifting the market toward more affordable and less theft-prone alternatives.
❓ Frequently Asked Questions
What is the Highway Loss Data Institute (HLDI)?
HLDI is a nonprofit organization that collects and analyzes data on vehicle insurance losses, including theft and collision claims, to help insurers and consumers.
Why are insurance costs rising for performance cars?
High theft rates, as seen with models like the Charger SRT Hellcat and Camaro ZL1, lead to more claims, prompting insurers to raise premiums to cover the increased risk.
How can enthusiasts reduce insurance costs for performance cars?
Installing anti-theft devices, storing the car in a secure garage, and shopping around for insurers that specialize in high-performance vehicles can help lower premiums.
