Performance / High Value Car Insurance

Need Performance / High Value Car Insurance?

Whether you have a Carrera, Cerbera, Celica or Cupra, our performance car insurance specialists will know the difference and provide an appropriate policy for you. We have a specialist broker who looks to insure the enthusiast driver.

The best quote for Performance and Performance Car Insurance will always depend on a number of factors, but the following do help:

  • Previous driving history.

  • Mileage you will cover.

  • Security on the vehicle and where it is kept at night.

The dictionary definition of a performance car is “a car with high performance; a fast or powerful car.” This definition is certainly very vague. If you ask performance car enthusiasts you’ll get a range of responses and even if you try and pinpoint the defining point of a regular car and a performance car, you’ll find a huge grey area.

Insurance companies don’t necessarily “define” performance cars either, as such. Rather, they use a variety of metrics to accurately assess the risk analysis of insuring them. The higher the performance, cost of repair etc, the higher the insurance group. Car insurance groups are determined by the Group Rating Panel, supported by Thatcham Research. This panel decides which insurance group every new car model falls into. So, from an insurance perspective, it could be argued that any car in the higher groups could be considered a performance car

The make and model of a car has a big influence on high performance car premiums. For example, every modern Ferrari is in Insurance Group 50, while even the fastest of the Renault Renaultsport range is no higher than Group 34.

According to the Association of British Insurers, the cost of car repairs take up more than half of insurance pay-outs, which is why repair costs are a strong factor when determining grouping. This is also why modified and customised cars often come with higher premiums.

Car insurance claim data shows that sports cars result in more frequent insurance claims. High performance vehicles are built for speed and handling. High performance cars attract two kinds of drivers: high performance drivers who understand and can handle the performance, and drivers who can easily afford a high performance car, but don’t know enough or care enough to drive them carefully. As a result, they are considered far more likely to attract a high insurance premium than other vehicles.

Here at Insure Guide we can make this a quick and effortless process for you.  ­We are a supportive service for ‘difficult to find’ and specialist insurance.  Simply complete our web form below and a specialist broker will call you within the hour.

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