There is no better feeling than winding the windows down, putting your foot down, and feeling the wind through your hair as you accelerate to a daring level. This feeling can be addictive, which is why insuring your performance car is so important. Moneysupermarket brings you this guide to getting cheaper sports and performance car insurance…
- Know the difference. A 'sports' car, even though more powerful will probably be cheaper to insure than a modified car. Sports cars, such as a Porsches or a Ferraris were designed to be powerful, and have some of the most sophisticated engines in the world. If you were to take an average car and 'mod' it up, then you would be looking to pay far more on your car insurance premium. This is because your insurer will not be able to measure the quality of the work that has been done to the engine. Your car is also more likely to be involved in an accident, as the engine will have gained power. Make sure you only get modifications done by a licensed mechanic.
- Wait until you're 30 before you purchase a performance car. Moneysupermarket says, 'Premiums will fall both as a result of your age and also because, hopefully, you will have built up a no-claims history.' With power comes responsibility; your insurer will want proof that you're a good, safe driver before giving you a reasonable quote for a powerful car. A no claims history will dramatically reduce your quote.
- Shop around. There are many insurance companies who specialise in this field, who may be more attuned and knowledgeable than a generic car insurance company. Of course, before committing to an insurer you should compare car insurance online at moneysupermarket, who will search hundreds of companies to get you the best deal.
- Take an advanced driving course. If your insurer can see that you're taking the necessary steps to become a safe performance car driver, they will reward you with a better quote. You could easily shave off 25% by investing in an advanced course, which will keep on saving you money every time you apply for a quote.