Why Sports Cars Cost More To Insure

Have you ever wondered why sports cars cost more to insure than other types of car - even when the purchase price of the sports car is less expensive? If so, the following are the main reasons why this is the case.

Car Insurance Group Categories

While many of the factors that determine the make-up of car insurance quotes are not known, what is known is that insurance companies 'group' certain types of cars into categories. For this purposes, insurance companies have groups ranging from 1 through to 20. Group 1 is the least expensive type of car to insure. Group 20 is the most expensive type of car to insure. So, if you buy a Fiat Panda, you'll be classed a Group 1 car driver. Buy a sports car, any sports car, and you are looking at being classed a Group 15 and above driver. Buy a performance sports car, such as a Porsche 911, and you'll definitely be Group 20 driver!

Theft

Over 2 million car crimes happen in the UK each and every year. Aside from popular model cars, such a Ford, the biggest car crime category is sports cars! Have a soft-top convertible sports car, and the chances of it being stolen are red hot! So, even if you live out in the countryside with no one else around for miles, you will still be seen as driving an extremely high risk car when it comes to car theft. With increased risk, comes an increased premium!

Accidents

Insurance companies are not charities - they're in the business to make money. As such, they keep vast amounts of data and part of that data tells them that if you drive a sports car there is an increased risk you'll be in an accident and that the accident will be more serious (and costly) than if you were driving a regular car. As such, the premium charge is going to be higher.

Under 30?

Unless you have just won the Lottery, if you are under 30 there are no appealing factors when it comes to insuring a sports car. Not only do the insurance company see the car you drive as being a high risk car to insure, but you as the driver are far more risky to insure as well. Consequently, car insurance premiums for those 30 years of age or under, driving sports cars, is probably the highest of all types of car insurance available in the UK today.

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How To Get The Best Rates When Insuring Your Sports Car

Nothing comes without a price tag. So, the greater the pleasure you derive from something, the greater the costs attached to it. It is not criminal to drive a sports car; enjoy the high-powered ride that sets your pulse racing. But look at the flip side. This comes with an added baggage -an exorbitant insurance. Remember that it is not the same as insuring any ordinary vehicle. For one, as a sports car enthusiast, you are aware that your thrill-filled drive is more prone to accidents, and thus would want comprehensive, all round insurance. This in itself can make sports car insurance a costly proposition, but there are factors as well, that go on to make it dearer.

There are some ways, though, by which you can minimize your costs on insurance of your new object of pride, if not eliminate it.

First, check if there are some discounts offered for being part of an organization. Certain special classes of membership can give way to substantial insurance discount, but most of us would normally not be aware of this factor. So, try to get membership from any of such organizations; if not, try to see if you can get help from someone who has it, since these normally offer group insurance rebates.

One of the first things you obviously do upon buying a dream sports car is to become part of an exclusive sports car owners' club. Here is where most sports car insurers try to find potential customers for their services in the hope of finding more people like you. Hence, try to become a member of such a club.

It always pays to buy a product for which there is competition. Car insurance is one sector that has terrible competition. So, this affords you the chance to check in with a number of insurers. Furthermore, although there are a good number of services that provide you with a general comparison of the insurance prices, there is no substitute for working out one's details oneself. As you call up an insurer, spill out all the beans. Who knows, there may something unique about your car that may entail a heftier discount.

Doing sound homework helps, really!

There is another way of reducing your insurance: most companies offer a discount if you clubbed sports car insurance with other insurances you buy from them. This way, not only do you get a discount, this also makes the task of managing your insurance much simpler, since it is with one source. Again, make sure you do your homework properly, and get the best deal by supplying the best details, and choosing judiciously.

Finally, there are some specific classes of customers, such as students for instance, for which companies may offer special discounts, or if the product is bought at a particular time of the year. Check out on any of these. Then, there are some companies which offer you greater discounts if you have not had an accident for a period of time. This of course, is tricky, and even oxymoronic! But there is no harm trying.

So, work out on these details, because the fact that you own and ride a sports beauty need not give you headaches!

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What Is It That Makes The Sports Car So Desirable?

Fans of sports cars are as zealous as Green Bay Packer football fans. You will find more car clubs and online forums dedicated to various segments of the sports car genre that any other part of the automotive industry. Sports car lovers also spend a great deal of their waking hours doing things with their vehicles, more so than other owners.

Although it may not be possible to pinpoint precisely why the performance sports car brings out such loyalty and devotion in so many people there are a few things that we can identify that contribute to this.

Most sports car owners tend to be freedom lovers, similar to the personalities of bikers. Indeed many sports car owners are also Harley riders. The idea of being able to take a high performance car out on a long deserted stretch of road and just open it up appeals to people like this.

Another factor with sports car owners is that they seem to gravitate to new technology and sports cars always seem to be at the forefront of new innovations in the automotive industry. This segment of the industry is responsible for many of the advancements we see implemented in other cars because of their constant need to be on the cutting edge of design innovation and technology.

On the flip side the sports car is also a one of those things that we can actually have control over. Even though the latest sports cars have incredible technological advances we can still feel like we are in charge and have mastery over them, they respond to us.

I think on a more basic level the sports car also reaches out to that deep primitive urge inside of men to show strength in a time where it has become invisible and unneeded. Because of all of the advances in technology there is no need for the "survival of the fittest" type of mentality and this has resulted in many cases, in the softening of humanity. The power of the sports car gives us a way to express those feelings that are hiding inside from a time when it was necessary to be strong and fast just to survive and see another day.

So, it is really no surprise that the sports car merits such devotion since it gives us so much of what we seek both consciously and subconsciously. It satisfies our desire for the latest technological advancements while at the same time allowing us to control them and lets us show our strength though our vehicle.

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Affordable Sports Car Insurance

Get the Best Insurance Rates For Sport Cars

People who own sports cars might be the "Owners of the Street". Sports cars offer great features and many, many benefits that many automotive buyers are looking for. But, sport cars often more times than not pose a problem when obtaining the car insurance they desire without paying too much.

It's an absolute fact that insurance for such vehicles have much higher premium rates than any other car on the road. So it can be a major problem when applying for car insurance since the fees and rates for premiums hit the pocket book hard. So, here are a few tips that can help you in getting the best insurance rates possible for your sports vehicle.

1. The owner of the vehicle should have a very good credit score and maintain that rating for many years. Insurance companies will offer better rates to those people who have great credit scores. Before applying for your insurance policies, the vehicle owner should make sure he or she has no credit card debt.

2. Vehicle owners can enjoy insurance rates that are better for them if they install their sports car with safety features and gadgets. The vehicle owner can buy safety airbags, have antilock brakes put in as well as stability traction controls. These few are recommended for the protection they provide. Not only will this safety insure the vehicle owner is safe it also allows insurance companies to lower rates.

3. Sports car owners should also maintain very good driving records. Insurance companies offer lower rates to safe drivers.

4. Sports Car Premium quotes are reviewed based on the shared information that is givin to the insurance company. Sports vehicle owners should try to always make sure that they give the most accurate and correct information when applying for better rates, through insurance quotes for their vehicle. This will always help make sure you are trusted.

5. It is super important to do research before ever buying any type of vehicle insurance. Insurance companies offer different insurance rates. Insurance companies offer discounts during special events or when they are pushing to promote their company. Any car owner should always know this and keep informed about any type of discounts and rates. They can always make use of the vastness of the internet to get insurance quotes and compare rates between companies before making a final selection.

6. Once a final choice has been made, car owners should not stop there. They should update their policies and their information on a regular basis. They need to continue to check their insurance policies to ensure that they are still enjoying the same rates and terms that were initially offered.

Sports cars are great and I think they are something everyone looks forward in their life to enjoy. So they should not be such a burden to those who own them. Even though they have higher rates in their insurance. The owner should at least make a stand and fight for their right for a fair rate!

Nathan Scheer is alternative research and author. Who works with insurance companies to make sure fair rates are given to all.

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Sports Car Insurance - You Can Still Save

Finding affordable insurance for your sports car can be a big challenge. However, there are definitely a few things you can do in order to save a few dollars. As you know, insurance on a sports car will be a bit more expensive than insurance on a typical vehicle. There are several different reasons for this, however one big one is that sports cars can be considered high risk because they typically come with high powered engines and other upgrades that make them dangerous to drive in the eyes of some insurance companies.

Saving on car insurance can best be accomplished by shopping around online. Purchasing reasonable priced insurance for a car can be done easier, and more quickly online than anywhere else. The reason for this is that when you are dealing with a company online you are bypassing the use of an agent. Bypassing the agent will allow you to get a better price for your insurance because you are dealing directly with the company. Basically, you are receiving wholesale pricing upfront because there is no need for the insurance company to compensate an agent for your purchase.

The important thing to remember when trying to save on sports car insurance by purchasing online is to find a website that will do the work for you. These websites are easily recognizable because they will invariably ask you for your zip code. Entering your zip code will allow the website to connect you with a list of insurance companies that cater to drivers in your area. Diligently go through your list and fill out the rate request forms for each company. Be sure to indicate the type of car you are driving as a sports car.

After you fill out your rate request forms, submit them, and receive a quote. Compare the quotes to see which one will allow you to save the most for your sports car insurance.

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Finding Cheap Sports Car Insurance

Are you looking to find cheap sports car insurance? In this article, you will find that there are many options to get cheap sports car insurance. You will then discover how you can find these great options, and find the insurance you want, at the best prices possible!

The first thing to remember, is that you have a few options, when it comes to getting sports car insurance. If you want to find cheap sports auto insurance, then research is going to be the best method to finding the best prices.

With so many options, where do you begin? First you want to make sure that you look through the car magazines.

This can be a great idea to finding a few options. Remember though that there are so many different insurers, and some will be general options that give insurance for all different kinds of driver.

However, the prices can be expensive. So, there needs to be some other options. This can best be done when you look for a specialist.

The specialist car insurer that offers cheap sports car insurance is possibly the best way to go, when you need insurance, and this is so for good reasons.

The standard insurer who insures everyone may not have a good idea with what your car is. And here is where the specialist firm comes in handy, as they can help you to find the best options.

These insurers can also be found online, if you want to save time. With many of these specialist firms with a web site, you can be sure that you can find something that meets your needs.

Another point to remember, is that you should research, as there are many options out there, and there is room to save. Get a few quotes, then select the best option for your needs and wants.

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The Skinny on How to Obtain Sports Car Insurance

For the fast and furious aficionados, nothing expresses your love high-speed driving than the possession of high performance vehicles. The sports car insurance is probably a policy agreement that is almost non-existent. There is probably one out of a hundred agencies which offer such coverage.

Usually agencies which offer the sports car insurance have been long in the business and consist of professionals to handle the claims. The coverage for high-performance automobiles is not cheap at all due to the tendency for high-speed driving. However there are ways to minimize the cost where coverage premium is concerned.

If you have another vehicle at home, say a conventional sedan with a non-high performance use for daily activities, you are able to limit the high performance's vehicle to a minimum mileage thus enabling you to keep a low budget on the premium.

Upgrading the vehicle's security may be an effective way to reduce the monthly premium. The owner is advised to install a tracking device for the expensive vehicle in order to be able to retrieve it in the event of an auto robbery. Not only that, any security devices which are added to the automobile can sustain a lower rate of the premium.

For other cost-saving measures, you can begin by enlisting ten or less drivers who are given access to the vehicle. This may reduce the premium in the policy agreement.

Other important issues which the owner of a high-performance driver must understand is that even though the market value of the model has drastically gone down, the spare parts and cost of repair remains the same if not higher. That is why premium rates do not decrease when there is inflation. The price of maintenance for the high-performance automobile is comparably higher than conventional automobiles due to its exclusive

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Sports Car Insurance - Tips to Protect Your Car, Lower Your Insurance Rates, and Get the Best Deal

Sports car insurance rates can be higher than the monthly car payments. But if you drive a sports automobile or a vintage vehicle you really need to protect your car by getting good auto insurance.

Insurance does fall into the I know I need it, but I hate to deal with it category. Yet, you still need to get good insurance for your sports car because in many states it is the law, but you still need to find a way to save money on your insurance premiums. So here are some tips to helps you answer the question: how to get affordable coverage if you have a sports car.

These tips help you save money on your insurance for your car even if you are still only shopping for insurance because you are thinking of buying a fast car.

Tip number one to help you be sure your are getting a good rate on your car insurance: You must have good credit. Insurance premiums are made much higher with poor credit. If you have good credit it will lower your car insurance premiums.

Tip number two is a Warning. If you are shopping for insurance you need to ask if when they run your rate quote if it will affect your credit. This tip can not be over emphasized because if your credit gets too many inquiries it will negatively impact your credit score and cause your insurance premiums to be higher.

Tip number three. If you want to lower your vehicle insurance rates then lower the miles you drive. Insurance is based on exposure and the less you drive your car then many insurance companies will lower your automobile insurance because of lower exposure.

These 3 tips will help you get good insurance for your sports car. So when you find insurance companies who specialize in sports car polices be sure you are ready to save money on your sports car insurance premiums by applying what you now know.

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Options For Getting Affordable Sports Car Insurance

People love their cars. People love their sports cars as well, but for whatever reason these same people fail to look for cheap car insurance. Some of the popular vehicles like the Audi, Porsche, and Jaguar are a dream to own for the avid car person. However, maintenance costs and insurance costs associated with owning such a car, doesn't always play into consideration when decisions are made to buy one.

A good way of getting auto insurance that's not going to break the bank is to look for a company that doesn't specialize in sports cars. Most of these companies still offer sports car insurance, but may have some restrictions on the policy depending on the kind of car you're looking to get insured.

Some of the most popular companies actually do provide this class of cheap auto insurance. Insurance prices will differ from company to company and area to area so you need to know this first. Companies who do not specialize in sporty type cars are often able to offer cheaper sports car insurance. So being diligent on your search comparing rates from different companies will be important in getting the best deal on your insurance.

Before you bought your car what was your driving record like? Allstate insurance has been around for a long time and offers good rates for people who own various types of sporty cars. Allstate however does not actually specialize in these cars so you may run into some restrictions based on the make and model of sports car you're looking to insure. If you have a good driving record and proven to drive safely Allstate will provide you decent rates on your car.

Nationwide has been on the scene since the 1920s, but is relatively new to most individuals. And when it comes to getting car insurance Nationwide can offer great cheap policies for the car lovers. The reason they are able to offer cheap sports car insurance, again, is because they do not specialize in it.

If you buy a sports car, it will serve you well to know all of your options before you make your final decision to buy. While many major insurance companies will offer to cover this type of vehicle, many will have strict restrictions. Remember to shop around to find the right company that offers cheap vehicle insurance and quality coverage.

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Sports Car Insurance to Protect Your Car

If you drive a sports car, you know that keeping it in good shape is important, not to mention keeping you and your passengers safe. That's why you need good auto insurance. Sports car insurance will provide security against the risk that you damage your car, as well as provide money for you to pay for other bills like medical bills. Since you really love your car, make sure it's protected to the full extent you can -- get good insurance for your sports car.

Sports cars, coupes, and vintage cars are more expensive than traditional cars like sedans, and their insurance is often more costly as well. They have bigger engines relative to their size, and the fact is that they're made to go fast. Everything about them says "risky" to the insurance company. Their size, color, and flashy appearance are all signals that your insurance be higher. Since fast speed means a greater possibility that the insurance company will have to pay out at some point, they're going to charge you a higher premium.

But you can save money on your sports car insurance! Here are some tips for getting the coverage you need to protect yourself and your vehicle at affordable prices:

• Do you have experience driving this type or a similar type of vehicle? This can net you a discount with some companies, so let them know.
• How often do you use your car? If you only drive it occasionally, like on weekends, you can probably get a lower premium than if you drive it every day.
• If you can help it, get a car with higher safety ratings and one that is less often stolen. These two things factor into the premiums insurers charge.
• You can often get a discount if your car has a security system.
• Taking a drivers education course or other defensive driving education can sometimes get you a discount.

If you're thinking of buying a sports car, spend some time shopping for insurance while you're deciding on your car. Different companies have different policies, and it's useful to look around to get the best deal. You might find that some companies even specialize in sports car policies, and some other ones have special plans especially for drivers like you. Get quotes from multiple companies to compare and be sure you're getting a good rate.

Auto insurance is important for everybody, but it's especially important for sports car drivers to make sure their car is protected from damage. By following a few simple tips and comparing quotes from different companies, you can be sure you're getting a good rate on sports car insurance.

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Sports Car Insurance - Lower Your Auto Insurance

Sports car insurance premiums seem to continually get higher. There are a lot of factors to cause your car insurance rates to increase, but did you know there are things you need to do to be sure you are getting a good rate on sports car policies?

Many times people wonder why classic autos and vintage autos insurance premiums are high just like cars that have the big fast engines like what you see in corvettes or other fast sports cars. The bottom line is insurance actuaries calculate the insurance rates and if you want to get the best deal on your insurance you have to know how insurance companies think.

It is obvious that you get insurance to protect your car and you do not want just any insurance, you want good auto insurance because your car is special. But you also want to balance getting coverage you want at affordable prices.

So if you are a sports car driver and you want to get good insurance then here a few things you need to consider.

First, if you have multiple policies with the same company you can many times get a multi-policy discount. You probably have the coverage for your house or apartment already so it is simple to make sure you have it with the same company that is covering your sports vehicle and this can lower your auto insurance rates.

Another tip to lower your premiums is to ask to have your liability and collision coverage suspended in the winter time if you are not driving your sports car. Now this is said with a big caution. You can not drive your car while the coverage is suspended and if you do then your insurance will not pay for a claim. But this tip can reduce your out of pocket insurance premiums.

Still yet another tip to make your car insurance rates easier on your wallet is to use the excuse of your high insurance rates to negotiate a lower car price. In other words the money is coming out of your pocket to pay for your sports car as well as to pay for your sports car insurance premiums so the car sales person knows you will have to pay high premiums so use this fact to get the dealership to give you a better price. If the dealership wants to earn your business then they will move on their price.

A final tip to help you if you are thinking of buying a sports car and if you are shopping for insurance is to be sure you have a good driving record. If you have tickets your insurance premiums will be high. To be sure to get the best deal you really need to have a clean driving record. There are some companies that specialize in different types of auto insurance including, but not limited to getting classical car insurance, historical auto insurance, and of course sports car insurance.

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