Performance Motor Insurance
Performance Car Insurance - Once you choose to own a performance car, it is essential that you choose your insurance company wisely.
Unfortunately, many insurance companies are unwilling to offer cover for performance vehicles. Cars in groups 15 and over can be very difficult to get cheap insurance quotes on, particularly if you are a younger driver.
So, what group is my car?
Cars are classified into groups between 1 & 20, so that the insurance company can offer you a more tailored policy for your particular vehicle. To do this they look at several key points including your claim history.
Why are performance cars are expensive to insure?
Several key factors are involved, here are just a few;
- Statistics show that higher group cars are claimed on more frequently.
- Cost of parts and repair are higher.
- Time of repair is generally longer and thus more expensive.
- Criminals target these vehicles over their lower grouped counterparts.
- Speeding convictions will raise your premium.
Unfortunately, because of the increased risks taken by these drivers, and the insurer's statistics to prove it, insuring a performance or modified car will be costly. |
