Owning a sports car has probably never been easier and who hasn't dreamt of owning one, but they can be a little temperamental and this is often the reason why some people don't bother buying one. Just like the cars themselves, sports car insurance is a specialist area of auto insurance that deals purely with high performance cars. Owing to the nature of high performance cars, sports car insurance is usually agreed only as a comprehensive policy covering almost any eventuality including damage, injury, liability and legal costs.
Each driver's sports car insurance premium is calculated individually, partly using their previous driving record, for obvious reason. For instance, every vehicle has an insurance rating which is primarily based around two areas; its power to weight ratio and the cost of replacement parts. However, there are many other factors which will affect your sports car insurance premium, one of which is the drivers previous insurance claim record. Insurance companies will also investigate other areas concerning the car itself for instance, where the driver lives, the time it takes for a car thief to break into it and how effective it is in a collision. Even the drivers age, number of years driving, gender, profession and credit history can affect a sports car insurance premiums.
An obvious factor in sports car insurance premium costs is the fact that sports cars can accelerate very quickly plus travel at high speeds and with so many accidents being caused by excessive speed, insurance companies are keen to ensure high performance car drivers pay for the privilege. When you look at statistics for accident damage, it is the sports, luxury and high performance cars that always top the losses lists. Insurance fraud is also on the rise and usually results in higher insurance costs.
The best way to get competitive sports car insurance is to shop around and research information from insurance companies who are specialists in this area. Otherwise, saving money on sports car insurance works in much the same way as saving money on any form of insurance, be a good driver and keep a clean record. Some sports car insurance companies restrict the number of miles that can be driven in any single year to reduce the annual cost or if you are only an occasional driver you can specify a low mileage to lower the premium cost. If the car is of very high value, the insurance company may even stipulate that an engine immobilizer is fitted and possibly even a vehicle tracking system. Fortunately in an effort to assist their customers, most sports car manufacturers have arranged their own sports car insurance plans which are usually competitive but they will usually only provide this if the owner does not have a poor driving record.
If you are lucky, your search may lead you to a sports car insurance broker who will be able to find the best rate for you and may have insurance claims and legal experience for when things go wrong. Before you finally insure your sports car, make sure that haven't been changes made to the engine and handling characteristics that could affect the outcome of your insurance application. - 16089
Each driver's sports car insurance premium is calculated individually, partly using their previous driving record, for obvious reason. For instance, every vehicle has an insurance rating which is primarily based around two areas; its power to weight ratio and the cost of replacement parts. However, there are many other factors which will affect your sports car insurance premium, one of which is the drivers previous insurance claim record. Insurance companies will also investigate other areas concerning the car itself for instance, where the driver lives, the time it takes for a car thief to break into it and how effective it is in a collision. Even the drivers age, number of years driving, gender, profession and credit history can affect a sports car insurance premiums.
An obvious factor in sports car insurance premium costs is the fact that sports cars can accelerate very quickly plus travel at high speeds and with so many accidents being caused by excessive speed, insurance companies are keen to ensure high performance car drivers pay for the privilege. When you look at statistics for accident damage, it is the sports, luxury and high performance cars that always top the losses lists. Insurance fraud is also on the rise and usually results in higher insurance costs.
The best way to get competitive sports car insurance is to shop around and research information from insurance companies who are specialists in this area. Otherwise, saving money on sports car insurance works in much the same way as saving money on any form of insurance, be a good driver and keep a clean record. Some sports car insurance companies restrict the number of miles that can be driven in any single year to reduce the annual cost or if you are only an occasional driver you can specify a low mileage to lower the premium cost. If the car is of very high value, the insurance company may even stipulate that an engine immobilizer is fitted and possibly even a vehicle tracking system. Fortunately in an effort to assist their customers, most sports car manufacturers have arranged their own sports car insurance plans which are usually competitive but they will usually only provide this if the owner does not have a poor driving record.
If you are lucky, your search may lead you to a sports car insurance broker who will be able to find the best rate for you and may have insurance claims and legal experience for when things go wrong. Before you finally insure your sports car, make sure that haven't been changes made to the engine and handling characteristics that could affect the outcome of your insurance application. - 16089
About the Author:
Sports and Recreation Reviews Free Handbook supplies more accurate reviews, check out: Your ultimate guide to Sports and Recreation.
