A Guide To Performance Car Insurance

Performance Car InsuranceIn the UK performance car insurance is essentially designed to protect cars that owners may have personalised. Although you may be able to find an insurance company that offers a very low price, it is very unlikely. Your performance car cover policy will depend on the type of insurance that you have.

For example, you could have third party only coverage, third party coverage, fire and theft coverage, or full coverage.

In addition to this cost, your cost will depend on how old your car is, the type of car that you own, and how much your car has been modified. Certain modifications will cause you to pay more for your performance car insurance. Before you add a new modification to your car, it is important for you to check with your insurance company.

Performance cars usually cost more than other insurance policies. This is because performance cars have been statistically more likely to be involved in very expensive accidents. Performance cars cost more to repair than your everyday car. In addition, many insurance companies believe that some modifications can impact the handling of a car in a negative fashion. Of course, the price of your insurance also depends on whether or not it was built from a kit, imported, modified, or prestige. Whether or not it just has a powerful engine also plays a part.

How To Find Cheap Performance Car Insurance

The first thing that you will need to do is understand the difference between a high performance sports car and a modified car. A high performance sports car would be a Mercedes or a Porsche. A modified car is simply something that you have worked on. These cars will cost more on your insurance policy.

The best thing that you can do is wait until you are at least thirty years old before you modify your car or purchase a high performance sports car. This is because your premiums will fall for two reasons. Your premiums will fall as a result of age and as a result of your possible no claims discount.

You may also want to obtain your insurance from an insurer who specialises in performance car insurance. They will have a deeper understanding of your car. In addition they will be able to tell if your car really does pose as a danger. You can even take an advanced driving course to lessen your chances of a very high performance insurance policy cost. An example of an advanced driving course would be the Institute of Advanced Motorists.

You can also increase the amount of excess on your policy. Before you do this you need to remember that the excess is the amount that you are willing to pay out of your own pocket when your file a claim. This is not the best idea if you are not sure what to do. You need to make sure that your excess will make a significant difference on your final insurance premium. In addition, you need to understand that your excess will be the amount that you personally pay if you need to file a claim. This means that if you file a claim that happens to be lower than your excess, you will be forced to pay the entire amount.

Optional Extras

Some performance car insurance companies offer different extra features that you can add to your policy. Some of the more popular extras include the following:

  • Legal expenses coverage covers the legal costs that may not already be in your policy.
  • Breakdown coverage is great for older cars. You can have basic coverage or full coverage. Full coverage even provides home start services.
  • Glass coverage provides protection against windows.
  • Road rage coverage provides coverage f you have been injured as a result of a road rage accident.
  • Agreed value means that you will receive more than your car’s market value if it has been written off.