Sports Car Insurance
Drivers of high performance cars will almost certainly have paid high prices to get behind the wheel of the vehicle of their dreams.
Sports car insurance tends to be expensive because in theory larger engines mean higher speeds making crashes more serious and repairs more expensive, when they do occur. Age and driving experience play a role too - the image of boy racers means that anyone under the age of 25 can expect to pay a high premium for sports car insurance.
Another factor that makes cheap sports car insurance hard to find is security. Sports cars are more attractive to thieves and vandals, which also impacts on the price you have to pay to protect them.
What to look for in a sports car insurance policy
Pay close attention to the policy features available. For example, are you covered if you take your sports car on a track or compete in a race day? Many insurers are willing to negotiate an agreed value so there is no nasty surprise when you come to make a claim and some specialists offer discounts if you join a car owner's club.
Cost will be a key consideration when shopping for sports car insurance and you should gather as many quotes as possible with a comparison website. Also consider specialist insurers that may offer additional incentives. For example, providers of classic sports car insurance may offer a limited mileage policy.
How to lower the cost of sports car insurance
Sports car insurance differs from modified car insurance in that replacement parts for the vehicle should be easier to find. If you have modified a vehicle to offer greater performance it shows an intention to drive at high speeds - so limit any modifications you make.
If you have a convertible that you only drive during the summer then let your insurer know - it should be able to scale back your premium considerably.
Further savings can be made if you agree to a mileage limit, join a car owner's club and park your sports car in a garage when not in use. Pay attention to the security of your vehicle - most insurers want Thatcham Category One or Two systems installed. You may also enhance your chances of finding cheap insurance for a sports car if you install an approved tracking device.
Finally, limit the number of drivers on your policy and particularly those under the age of 25.
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