If you’re a speed demon with money to spare, owning a sports car is a no-brainer. For you there’s nothing better than gripping the wheel of a V-12, 750-horsepower street-legal race car. Your fast whip offers a lot more than an average sedan, so it should be treated accordingly.
Thankfully, there’s coverage that can make sure one of your most prized possessions is safe and secure. Our independent agents have the lowdown on how to insure your sports car the right way.
It’s an agreement between you and an insurance company that will help protect you from financial loss in case of an accident. Simply put, it’s a type of auto insurance designed specifically with a sports car in mind.
There are several key factors that insurance companies consider when defining a sports car. Some will be the same across the board, but providers will evaluate on a case-by-case basis.
Common factors that define a sports car:
The biggest difference is risk. Sports cars come with more risk factors than a standard vehicle. And coverage and rates will need to be adjusted accordingly.
Common risks not typically associated with standard vehicle:
Just like typical auto insurance, sports car insurance will provide general collision and liability. Most full coverage sports car insurance will include a combination of the following:
While this is the typical offering of auto insurance, there’s also a variety of coverage that can be added to protect against unique risks and curb out-of-pocket spending.
Not only will the make, model and engine size of your car affect the cost of your policy. Factors like location, gender, age, driving history and how often you drive it will also determine rates.
If you’re choosing between a family minivan and a sports car, the difference in premiums will be significant. However, if you’re choosing between a luxury SUV and a sports car, rates may not be that crazy different.
Insurance premiums may be higher, but if you’re interested and a bit savvy, there are ways to help lower the cost.
Our awesome agents will review your needs and help you evaluate which type of sports car insurance makes the most sense. They'll also compare policies and quotes from multiple insurance carriers to make sure you’re properly protected. So you’ll have that going for you.
Insurance policies are complex, searching through options can be confusing, time consuming and frustrating. An independent agent's role is to simplify the process to make sure you get the right coverage.
They’ll walk you through a handpicked selection of top sports car policies. Plus, they’ll break down the nitty gritty into more digestible terms, so you know exactly what you’re getting.