Finding Affordable Insurance for a Sports Car


There are certain aspects of the system for rating car insurance that will never change. The area you live in will have a direct impact on your rate, as will the type of car you drive. While it may have always been your dream to own a high performance sport car, you probably never imagined the type of price tag that would attach itself to your car when it came to purchasing insurance. So is it possible to find cheap car insurance for high performance cars?

The Problem with Sports Cars

Two cars are riding down the highway. There’s a 1987 Ford Explorer Station Wagon and a shiny red 2010 Ford Mustang. Which do you think is going faster? In reality, the driver of the Mustang, excited about his hot ride, is probably going faster – much faster.

The truth is that most insurance companies know that those who spend money on high performance sports cars do so for a reason. They love the thrill of the ride and usually spend a lot more time in their vehicles than the average minivan driver. They also tend to drive faster, accumulate more tickets, and have more accidents. They automatically assign higher symbols, or rating calculations, to sports cars and no matter where you go you’re going to face the same problem – finding cheap car insurance for a high performance car isn’t easy.

Controlling the Cost of Your Insurance

In order to find cheap car insurance for high performance cars you may have to make a few compromises when it comes to coverage and deductibles. The most important coverages, aside from liability, are comprehensive and collision. Collision coverage will pay for the repair of your vehicle should you cause an accident and comprehensive coverage will pay for damages to your vehicle if it is vandalized, stolen, or otherwise damaged.

Most car insurance companies ask drivers purchasing comprehensive and collision coverage to choose a deductible. The deductible is the amount you’ll pay out of pocket before the insurance company picks up the rest of the tab. The higher the deductible you choose, the cheaper your car insurance for your high performance car.

This can be tricky if you financed or leased your vehicle. Most finance and lease companies have a maximum allowable deductible they’ll accept when they ask for proof of insurance and most won’t allow you to carry a deductible higher than $1,000. They know that the higher your deductible the harder it will be for you to repair your vehicle (or pay them) if you have an accident.

Your best bet, when searching for cheap car insurance for high performance cars, is to use our site to compare the rates of several different companies at the same time. You’ll receive several quotes from some of your area’s best auto insurers and will be sure to receive the most affordable rates possible – guaranteed.

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