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Performance Car Insurance

Fast cars are true big boy’s toys that come with big boy’s price tags, and similarly large insurance premiums. If you are someone who, like many of us, has aspirations to own a Ferrari or a Porsche, who watches the TV shows that review cars of that calibre and dream it could be you driving them, buy magazines, and peruse them finding cars you can fly down the German autobahns in at speeds of 160mph you are not alone. Do you watch TV and see those car adverts where gorgeous convertible cars are coolly guided around twisting mountain roads in Italy, engine purring like a replete tiger, and wish you were that driver? If you do, then you want a high performance car. What may not be rolling alongside you in your fantasy is how much your premiums would be when you come to insure this dream car of yours. You may well have paid over £100,000 to buy the car, so you're not exactly short of currency, but are you able to budget for an another £2000, or even £5000 a year on top of that for car insurance?

Finding insurance for a performance car

A short time ago, the BBC televisions, "Top Gear", carried out a survey of the sports and performance car market, focusing predominantly on insurance issues. They came to the conclusion that should you want to insure these cars, you will be better off going to specialist insurers to do so. This is possibly an area where the Internet may not be so helpful in terms of selection, search and acquisition of insurance. As you will have special insurance needs, it may prove better to call the insurance companies directly to detail your specific requirements. High performance car insurance specialists do exist and are growing in order to satisfy niches in the market, which appeared due to the number of insurance companies targeting your average Joe with his average car.

Specialist performance car insurers

Take a Ford Focus. It costs £100 to replace the windscreen of a car as omnipresent as a Ford. But it costs over £1000 to replace the windscreen for a Porsche Boxster. Specialist high performance car insurers are able to take advantage of their acquaintances being Porsche repairers to get discounts for this.

High performance cars are by and large driven faster, for obvious reasons. Thus the accidents in which these cars are involved in can sometimes be worse. However, they are also more likely to be driven where other cars aren't around, in order to allow them to ‘stretch their legs’, so accidents involving a single vehicle are more predominant. Consequently, third party liabilities are lower with high performance cars.

You'll be asked when you apply for insurance for a high performance car to summarize your driving experience. Once you get 0ver the age of 25 in the standard car insurance market, your premiums can indeed start going down. But high performance car insurance looks for people bellow the age of 30. Your experience driving high performance cars is of great consequence when it comes to lowering your premiums. More senior drivers offer less of a risk to insurers and also tend to buy these cars for different reasons. And obviously no claims bonuses also help to reduce premiums.

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