Depending on the model and specification of your car, sports car insurance cover can be very expensive with high levels of excess, especially if you are parked on a public road, in an area of high crime rates or intend on doing a high mileage in your car. The various types of sports car and performance levels will need to be taken into account when looking for an insurance quote.
Sports cars tend to require a premium level of insurance which goes above and beyond the levels offered to a normal car. The cost of a premium for a high performance sports car takes into account the cost of parts and labour involved in repairing cars of this nature. So even if you are an experienced driver with several years of no claims discount bonuses on a normal car insurance policy you will still find sports car insurance higher in cost than you previously expected. It is possible to get cheap sports car insurance if you shop around with relevant brokers who specialise in such cars. If you have previously owned a sports car or have lots of experience driving a car of such specifications then you may find you receive a slight discount on your premium.
There are other ways available which could help reduce your sports car insurance premiums.
Sports cars are also very attractive candidates for theft, to reduce your insurance premiums you should always store your car in a private and secure garage if possible. It is recommended you install a category 1 or category 2 security tracking device on your car. This will reduce your premiums somewhat and will help locate your car if it is ever stolen.
Most models of sports cars have special owners groups, these groups and clubs work with specialised insurance brokers so you, as a member can get the cheapest possible premium. These are usually advertised in publications you receive.
Classic sports cars also have their own specialised insurance brokers, these are often more useful than dealing with normal sports car insurance brokers especially as parts for such cars are often rare and very expensive.
You can always reduce your premium costs by adding a voluntary excess to your policy, the higher your level of excess the cheaper your insurance will be.
If you have not yet purchased a sports car and have a few models in mind it could be worthwhile comparing the insurance groups that the car falls in, perhaps one is lower than the others which should provide a significant advantage for that car as it will result in cheaper insurance for your sports car!
To get the best deal for your sports car insurance you should always shop around the specialist sports car insurance brokers and providers which have experience and knowledge in your particular type of type. Their specialised understanding of sports cars, performance and valuations will lead to a more thorough policy at an appropriate cost.