Do you need performance car insurance?

If you have been looking around at different sites already, then you have probably figured out that performance car insurance is the most expensive car insurance that you can purchase.

This is because it is a specific car insurance policy designed for high performance vehicle, such as sports cars.

High performance vehicles and sports cars are designed to drive very fast and many people who own these kinds of cars tend to speed a lot or drive fast and engage in risky driving behaviors such as weaving in and out of traffic.

Insurance coverage such as performance car insurance can also be extremely expensive because the cost of repairing these high performance cars is very expensive.

Most performance car insurance policies are very costly because claim rates are high under these kind of policies due to the risky behaviors associated with drivers of high performance sports cars.

Some other factors that will influence the cost of performance car insurance are how often the car is driven and the history of the driver of the car who holds the policy.

Also, if the car has been modified (to go faster, etc.) or how large and powerful the engine is.

Anyone who wants to purchase performance car insurance had better be prepared for the very expensive cost associated with this type of specialist auto insurance.

If you plan on purchasing a sports car, you may well wish to wait until you pass the high risk age category and can prove that you are a good driver.  If possible, a clean driving record would be the best possible scenario.

Some other ways to reduce the cost of this expensive performance car insurance policy would be to:


  • Purchase your policy from an insurance company that specializes in this kind of insurance;
  • Consider taking a driving course that your insurance company approves of, this can reduce your policy costs.
  • Purchase a limited policy – if you are only going to be driving short distances or a certain amount of mileage.  You do have to provide with an estimate of how much mileage you will put on the car, though.
  • Keep your car in a garage and ensure that it has adequate anti theft devices;  make certain that your car has an excellent alarm or security system.
  • Be very specific and be sure to disclose what modifications have been made to the car.  This will ensure that you are covered against loss or damage should it occur.
  • Some auto insurance companies will give you a discount if you become a member of a performance car owner club.  Of course, you will have to be an existing member when you go to purchase your policy.


While it can be very expensive to purchase this kind of insurance, there are ways to lower your premiums.  You may consider purchasing short term car insurance if you will be driving the car only during certain times of the year.

Your broker should be able to advise you of your options regards performance car insurance.


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3 Responses to “Do you need performance car insurance?”

  1. Doris says:

    I have been thinking about buying or leasing a new Chevy Camaro – the higher end model which is six cylinders. I wonder if that model of car would be considered a high performance vehicle. I do not intend to race or go over the speed limit often, but I don’t suppose you can get a discount for intent. I wonder how high the insurance rate would be for a new Camaro and if you have a D.U.I..

  2. Nancy says:

    I am wondering if getting insurance for a 2011 Chevy Camaro would be considered and rated as a performance vehicle. I am considering buying the model that has six cylinders. Obviously, I don’t own it yet so I cannot really get an accurate car insurance estimate. I also may have to account for the increased rate I would receive because of a past D.U.I.. The other thing I am wondering is if they will raise my rate considering that my D.U.I. occurred over eight years ago.

  3. Megan says:

    This article does a good job of describing the details of the various aspects of car insurance for performance cars, but it fails to mention what type or model of cars fall into the classification of a performance car. Does the number of cylinders an engine have determine this or does it go by horse power or does the value play any part into how an auto insurance company classifies an automobile? It is a germane question.

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