Performance car insurance

Performance cars can be difficult and expensive to insure. Find out how to get insurance and things to consider.

Amy Smith
Amy Smith
Updated 1 July 2019  | 3 min read read

What’s high-performance car insurance?

Performance cars aren’t usually covered by standard car insurance because they're considered high risk cars with rare or expensive parts, making them hard to replace or repair.

You can enter your reg number when you compare car insurance with us to find out if you can compare quotes.

If you can’t get cover, you’ll need to go to a specialist insurer that covers high power cars such as Ferrari, Maserati and Aston Martin.

What does it cover?

High performance car insurance can cover you for:

  1. Fire

  2. Theft

  3. Damage to other vehicles

  4. Damage to your own vehicle

  5. Expensive car parts

  6. Salvage retention

  7. Courtesy car

  8. Windscreen repair

  9. Cover for driving other cars

How much is performance car insurance?

The cost of performance car insurance depends on what type of car you have, whether you’ve made any modifications to it, and your own personal circumstances.

Either way, your insurance will be more expensive than standard car insurance because:

  1. Your car’s worth more than the average

  2. To insurers, a high-powered engine means high risk

  3. Car repairs are expensive - replacement parts cost more

  4. Your car will be a target for vandals and thieves

Can young drivers get insured?

If you’re a young driver, you’ll already have expensive premiums because of your age, but you’ll pay even more for a high-performance car.

Insurers that specialise in cover for high-value cars or young drivers might be able to offer you a more affordable deal.

Adding someone to your policy with more driving experience as an additional driver might help bring the cost of your premium down, but always be truthful about who’s driving the car and who the main driver is, or you could be committing insurance fraud.

Specialist providers

Specialist providers offer cover specifically for your car and needs.

They might offer you a low-mileage discount or reduce your premium if you’re a member of an official car club.

Some offer an agreed-value policy. That means it’ll pay out a set, pre-agreed amount if your car’s written off, rather than basing it on market value.

That doesn’t mean you need to get lots of individual quotes directly from insurers though - you can save time by getting quotes from us - we have specialist insurers on our panel.

Can you get classic car insurance instead?

A performance car that’s more than 15 years old could be covered by classic car insurance instead.

It’ll probably be cheaper, although the definition of a classic car varies between insurers.

Look out for any restrictions if you choose classic car insurance - you may have to agree to a limited mileage, for example.

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