Performance car insurance
Owning a high performance car is a thrilling experience. The feeling of driving a high-powered, sleek machine is unmatched for many car enthusiasts. However, one of the necessary aspects of owning such a vehicle is obtaining the right performance car insurance.
This type of insurance is designed specifically for high-performance vehicles, taking into account their unique characteristics and the risks associated with driving them.
Factors that affect performance car insurance rates
Several factors can influence the cost of performance car insurance. Being aware of these factors can help you understand why your premiums may be higher than those for standard car insurance and make informed decisions when searching for the most affordable policy.
- The make and model of your car: High-performance cars are often more expensive, and their parts can be costly to replace. This can result in higher insurance premiums.
- Your driving history: If you have a history of accidents or traffic violations, you may be considered a higher risk driver, which can lead to increased insurance rates.
- Where you live: If you reside in an area with high crime rates or a high number of accidents, your insurance premiums may be higher.
- The level of cover: The more coverage options you choose, the higher your insurance premiums will be.
- Modifications to your car: Modifications can increase the value and performance of your vehicle, which can lead to higher insurance premiums.
List of benefits for policies
If you're considering whether to take out an insurance policy for high performance cars, you might want to take into consideration the amount of benefits that your policy offers you.
From there, you can decide which benefits suit your specific needs and if high performance car insurance is right for you.
Here are some of the benefits you can enjoy when taking out a high performance car insurance:
- Car club member
- Static show cover
- Historic rally cover
- Choice of repairer
- Free EU cover up to 90 days
- Two year agreed valuation available for £18
- Laid up cover available
- 24 hour claims helpline
- Limit mileage discounts
Tips for lowering performance car insurance premiums
While high performance car insurance premiums tend to be higher than standard car insurance, there are steps you can take to lower your premiums and make your performance car insurance specialist insurance more affordable.
Here are some tips to help you achieve this:
- Maintain a clean driving record: A clean driving record can help you secure lower insurance premiums. Be mindful of your driving habits and avoid risky behaviour that could lead to accidents or traffic violations.
- Take advantage of discounts: Many insurance companies offer discounts for various factors, such as car club member discounts, having multiple policies with the same company, or installing security devices in your car.
Unlocking the secrets to affordable performance car insurance
By securing affordable cover that meets your needs, you can confidently enjoy the thrill of driving performance models without breaking the bank.
To get a quote for your performance car or to receive a quote for any of our other insurance products, you can get insurance quotes through our website by clicking here. If you would like to talk to one of our performance car insurance specialists, you can give us a call on 01480 484 826 to receive more information.
Performance car insurance is a type of insurance specifically designed for high-performance vehicles. It takes into account the unique characteristics of these vehicles and the increased risks associated with driving them.
Performance car insurance is generally more expensive than standard car insurance due to the increased risks associated with high-performance vehicles.
These cars are more likely to be involved in accidents, and the cost of repairs or replacement can be quite high. Additionally, performance or sports cars are often more attractive to thieves.
Yes, it is crucial to have the appropriate insurance cover for your modified performance car. Modified performance cars can have increased value and performance, making them more attractive to thieves and more likely to be involved in accidents.
Failing to disclose modifications to your insurance provider could result in your policy being voided, leaving you without coverage in the event of a claim.
Performance-enhancing upgrades can increase your insurance costs due to the increased risk associated with driving a faster and more powerful vehicle.
Other modifications, such as security devices or safety features, can help lower your insurance premiums. When considering modifications to your performance car, be sure to weigh the potential impact on your insurance premiums.
Yes, many insurance companies offer discounts for various factors, such as car club member discounts. Be sure to inquire about any potential discounts when obtaining an insurance quote.
While it is possible to use standard car insurance for your performance car, it may not provide adequate cover for the unique risks associated with high-performance vehicles. Performance car insurance is specifically designed to address these risks and provide appropriate cover for your prized sports car.
If you have made modifications to your sports cars, it is crucial to have the appropriate insurance cover. Modified cars can have increased value and performance, making them more attractive to thieves and more likely to be involved in accidents.
When searching for performance car insurance, be sure to disclose any modifications you have made to your vehicle. Failing to do so could result in your insurance policy being voided, leaving you without coverage in the event of a claim.
Modifications to your performance car can significantly impact your insurance premiums.
Some modifications, such as performance-enhancing upgrades, can increase your insurance costs due to the increased risk associated with driving a faster and more powerful vehicle.
Other modifications, such as security devices or safety features, can help lower your insurance premiums.
When considering modifications to your performance car, be sure to weigh the potential impact on your insurance premiums. While some upgrades may be desirable for improving your driving experience, they may also result in higher insurance costs.