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Specialist car insurance – performance vehiclesHigh-performance cars often come with higher price tags, maintenance costs, fuel bills and other associated costs. However, in today’s competitive insurance climate, there is no reason for performance car drivers to pay extortionate premiums for their insurance. |
| Decrease your risk Newer, modern performance cars are supplied with alarms and immobilisers in line with crime-prevention legislation passed in the late 1990s. More often than not, a brand new Maserati will come with an industry-approved tracker as well. These put owners of newer performance vehicles at a good advantage to start, as alarms and immobilisers, especially when deployed together, act as good crime deterrents. Add to the mix a tracker, which enhances the police’s ability to trace and recover your vehicle in the event of theft, and the risk your high-performance, high-profile, highly-desirable car poses to insurers begins to fall away. |
| The more classic performance cars come with a double burden, they’re both ‘classic’ and ‘performance’ vehicles and many ordinary insurance firms have difficulty assessing them fairly. A good start toward reducing those premiums is to add a modern security system, include an alarm, immobiliser and tracker if at all possible. There is little a driver can do to lessen the effects of a more powerful engine on their insurance premium – however, taking an advanced driving test will show insurers that you take driving as seriously as you take your car. Adding an advanced qualification to your existing license can reduce premiums, especially on performance vehicles, by between 10 and 35 percent. |
| Use key word searches If you have an affiliation to a recognised car club, a good start is to have a flick through the club’s own magazine and website and seek quotes from insurers advertising to club members. Using the club’s website, pick out key words that are relevant to your vehicle and the way you intend to use it. Take those key words, and drop them into a UK search engine. Often, brokers choose to specialise in specific market sectors – within the performance car insurance market, there are brokers and insurance firms specialising in particular makes, eras and uses of performance car. |
Visiting the websites of these specialist brokers will give you a good indication of the sort of coverage on offer, in addition to providing you with relatively-instant quotes. Bear in mind that to get the best result, the insurer may wish to contact you directly to clarify the things you do with your car (track days, rally sport, speed trials, etc.). Even if you aren’t a member of a car club, you can still use key word searches on the web to your advantage. You can start by simply searching for the word ‘insurance’ along with the make and model of your car. |
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