- The best city to own a sports car is Omaha, Neb.; the worst is Washington, D.C.
- Raleigh, N.C. had the lowest cost of ownership in terms of fuel and insurance
- Owning a high-performance car in major metropolitan areas is impractical
For those shopping for a sports car, consider where you live before going forward with it. It just so happens that some cities are much more suited for performance ownership than others. To that end, NerdWallet.com has assembled a list of the 10 best and 10 worst cities to own a sport car based on four key criteria:
- The probability of getting a speeding ticket, based on the number of law enforcement officers per capita, from the FBI’s uniform crime-report data
- Fuel prices from the American Automobile Association (as of reporting on Feb. 27, 2014)
- The likelihood of an accident from Allstate’s Best Drivers Report
- Car insurance rates from NerdWallet’s own insurance tool
These four factors were used to create a weighted average score ranging from zero to 100. Ranking No. 1 on the list was Omaha, Neb., with an overall score of 93.68. At the bottom end of the list was our nation’s capital. Washington, D.C., scored an extremely low 24.58. The next-to-last city, Baltimore, Md., was a full 20 points ahead of D.C. Meanwhile, Raleigh, N.C., was found to have the lowest cost of ownership in terms of fuel prices and insurance premiums.
Here’s the full list of the best and worst U.S. cities for driving your dream performance machine:
1. Omaha, Neb.
2. Raleigh, N.C.
3. Tucson, Ariz.
4. Nashville, Tenn.
5. El Paso, Texas
6. Fresno, Calif.
7. Mesa, Ariz.
8. San Diego, Calif.
9. Charlotte, N.C.
10. Virginia Beach, Va.
1. Washington, D.C.
2. Baltimore, Md.
3. Chicago, Ill.
4. New York, N.Y.
5. Detroit, Mich.
6. Philadelphia, Pa.
7. Miami, Fla.
8. Cleveland, Ohio
9. San Francisco, Calif.
10. Atlanta, Ga.
What it means to you: NerdWallet’s formula may not be foolproof, but it certainly appears to make a strong case for the different cities where it does or doesn’t make sense to own a sportster. If you’re thinking about buying a sports car, first consider the cost of ownership, likelihood of speeding tickets and likelihood of accidents in your city before moving ahead with the purchase. It may save you a lot of money and headaches in the long run.