Performance Car Insurance Facts

Ever dreamed of having that luxury performance car in the highest insurance bracket? I certainly have but still can't afford it. If you are thinking about buying a new performance car or trading in your current model for a faster one, you need to be made aware of the hurdles that you face and how you can tackle them (if at all). Performance Car Insurance is your only option and usually supplied by a specialist in that area.

We all know that a fast performance type car is more expensive than your average family saloon so lets take an in-depth look into the facts:

Why performance car insurance is required for faster cars

The replacement parts are more expensive and even the paintwork usually costs around 10-20% more because it is specially mixed paint for that model or metallic.

The cars are obviously faster than standard models and hence can be driven a lot faster. This in turn causes accidents between parties that are more expensive due to the added high speed and the extra cost of the more expensive parts as explained above.

Performance car tyres

Tyres on a fast car are lower in profile and wider than standard tyres. This makes them far more expensive and prone to wear because the surface is always flatter due to the lower profile. For example if your tracking is slightly out then a performance tyre can be destroyed very quickly.  Also the compounds used for performance tyres are usually softer for extra grip which renders them again more expensive and with a shorter life span than that of a standard tyre.

Notes to consider when buying a performance car

Also be prepared for a larger fuel bill as performance cars tend not to have small engines and are very greedy when it comes to fuel economy.

The amount of driving experience you have in years (and/or advanced courses) plays you an advantage regarding cheaper performance car insurance. Also if you are female than expect a further discount as it is a statistical fact than women are cheaper to insure than men.

When you reach the age of 30, performance car insurance premiums start to drop so if you are in your early twenties or teens then your premium will be extremely loaded.

If you have previous motoring convictions or fines, your premium will probably be loaded as you will be considered to be a higher risk.

Lastly, the more No Claims Bonus you have the cheaper your policy will be so it is wise to drive carefully and keep out of accidents.

Ok now you know all the facts, it's up to you to get at least five quotes from the top companies making comparisons on the options you are offered to get the best performance car insurance quote.

We hope this article is of use.

Article created by Adrian Pitt ©2008 Car Insurance Rules