Convertibles often top the wish lists of car enthusiasts and casual drivers alike. With their open-air rooftop and luxurious aesthetic, driving these vehicles transforms a standard trip into a dreamy excursion. However, the cost of these stylish vehicles can vary significantly based on factors such as location, year, mileage and brand. Luckily, there are some great options on the market that won't necessarily break the bank. Here we’ll explore the different types of convertibles, the most affordable convertibles available today, and if these cost more to insure.
Types of convertibles
Just like other car types, convertibles vary in appearance and construction to cost. Understanding the distinct types of convertibles can help you choose the right one for your needs and budget.
- Hardtop: Hardtop convertibles feature a solid, metal roof that folds away when you take the roof down. This hood can be retracted automatically or manually. Hardtops tend to offer better insulation and are more structurally resistant, but they can be more expensive. Examples include the Mazda MX-5 Miata RF and the well-known Chevrolet Corvette, which combine a durable, hardtop roof with a sports car design.
- Soft top: These convertibles have roofs that are typically made of waterproof cloth or vinyl. The material folds around a sturdy frame to create the covered roof. Though soft top convertibles don’t have the same durability as hardtop ones, they are usually less expensive. The classic Volkswagen Beetle is a fitting example of a soft top convertible, known for its iconic design and budget-friendly price.
Both hardtop and soft top convertibles can have either detachable roofs or retractable roofs. Retractable roofs are the most common type of roof design, which folds either automatically or manually into an open slot near the car’s trunk. Detachable roofs can be completely removed from the vehicle, giving you the full convertible experience. The downside is these roofs usually require manual effort to remove and reattach. The Jeep Wrangler is a notable example, which offers a removable soft top that’s perfect for off-road adventures.
Most popular convertible models
Several convertible models have gained popularity due to their performance, style, and accessibility. You might be familiar with certain models due to their unique and luxurious look. The most common convertibles include:
- Mazda MX-5 Miata: Renowned for its sporty handling and classic design, the Miata remains a top choice among convertible enthusiasts.
- Chevrolet Camaro: Known for its powerful engine and bold look, the Camaro is a favorite among sports car fans.
- Chevrolet Corvette: As a long-established household name, this convertible offers a world-class experience for half the price of its luxury European counterparts.
- Porsche Boxster: This convertible is a mid-engine, two-seater vehicle that’s renowned for its balanced driving experience and customization options.
Most affordable convertibles
Though cheap convertible cars aren’t regularly on the market, there are a few manufacturers that make more affordable options. Each of these cars provides a great blend of style and savings:
- Mazda MX-5 Miata: Starting around $28,000, the Miata is known for its agility and driving enjoyability. Its relatively low starting price makes it one of the best-rated convertibles for those looking to enjoy open-air road trips without a hefty price tag.
- Ford Mustang: With prices beginning at approximately $39,000, the Mustang combines power and speed with an open-top experience. Recent models offer a range of modern features, making it a top pick for budget-conscious buyers.
- Chevrolet Camaro: The Camaro starts at about $38,000, delivering impressive performance and a stylish design. It's a great option for those who want a sporty ride with a convertible top.
- Mini Cooper: Priced around $35,000, the famous Mini Cooper Convertible offers a compact, yet fun driving experience. It's unusual aesthetic makes it a popular choice among buyers who want a unique yet recognizable vehicle.
- BMW 4-Series: Starting at about $58,000, this BMW has a stylish appearance with a need for speed. This 255-horsepower vehicle can zoom from zero to 60 mph in only six seconds.
- Volkswagen Beetle: The Beetle, starting at around $25,000, combines quirky design with a budget-friendly price. It’s a classic option for those seeking a fun and affordable convertible. The Beetle was unfortunately discontinued in 2019, but you can still buy older models on the used car market.
- Jeep Wrangler: With prices starting at roughly $34,000, the Wrangler offers a removable soft top and rugged versatility. It’s perfect for off-road enthusiasts who want to enjoy open-air driving.
- Audi A5: Costing about $55,000, the A5 is equipped with comfortable seating and modern features like automatic climate control and LED interior lighting.
- BMW Z4: Starting at approximately $50,000, the Z4 is a bit pricier but offers a luxurious driving experience with a retractable hardtop. It’s a solid choice for those willing to invest a little more in premium features.
- Honda S2000: Although no longer in production, used models of the S2000 can be found starting around $30,000. It’s celebrated for its high-revving engine and sharp handling.
Do convertibles cost more to insure?
When it comes to auto insurance, convertibles may have higher premiums for various reasons. Some of the most common ones are:
- Targets for theft: Convertibles can be more attractive to thieves due to their perceived value and desirability.
- Higher price tag: Generally, convertibles can cost more to replace, which can lead to higher insurance rates.
- Expensive repairs: The specialized parts and technology used in convertibles can increase repair costs, which can impact insurance premiums.
- Potential damage: With different roofing materials than standard cars, there’s more opportunity for convertibles to experience leakage or damage from weather. This means convertibles may be more susceptible to physical damage, which can lead to bigger insurance rates.
While convertibles can be a bit more expensive to insure, there are plenty of affordable options available that make owning a convertible more accessible. There are also possibilities in lowering your auto insurance rates for a convertible, either by increasing your deductible or inquiring about discounts available at Infinity Insurance Agency, Inc. An IIA agent can help you sort out convertible insurance questions or get a free quote by calling 1-855-478-3705 today.