Sports Car Insurance, Racing Car Insurance
Performance car insurance is an expensive auto insurance policy for high performance vehicles. Sports cars are usually involved in races and speeding. So, such cars are more accident prone than others. In addition, the claims statistics of high performance cars are high, so is the cost of repairs. Due to these reasons, insurance companies estimate a higher value on performance car insurance.
The rate of performance car insurance is influenced by factors such as use of the car, the driving history of the policy holder, any modifications made to the car, and the make and type of the engine.
The ideal time to buy sports car insurance would be after reaching about 30 years of age. Driving experience and a no-claims history would lessen the premium of the performance car insurance.
Tips to Reduce Performance Car Insurance Premium
Here are some useful tips to help save thousands of dollars on the performance car insurance premium:
Comparing performance car insurance quotes from several insurers would also help to buy cheaper policy. With good maintenance and clean driving history, it is possible to pay less for performance car insurance.