How to Get Insurance on a Sports Car

Speed, thrill and passion–these are the qualities that attract us to sports cars. There are also the reason sports cars cost to insurance than other mainstream cars. But to come up with the premiums, companies and states define a sports car differently. Some say it is any car with pricey replacement parts or specifications such as two-door, manual transmission and greater horsepower. A vintage auto may also be a sports car depending on how old and rare.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• Quotes from more than three insurance companies or agents
• All relevant information such as the condition of the car, automatic seat belts and anti-lock brakes

1. Think through your buying options well ahead of your purchase. Talk with other sports car owners about their experience, driving and handling a sports car as well as their experience getting insurance.

2. Ask your dealer before purchasing if the car you are considering buying is classified as a sports car.

3. Get insurance quotes from more than three insurance companies or agents. The car classification database of a company may see some as sports cars, but another company's may not. So, see how it stacks up as multiple sources categorize your car.

4. Lower your premium by giving all relevant information such as the condition of the car, automatic seat belts and anti-lock brakes.

5. Do not give wrong information about your car. Be upfront and honest with the insurance company about the specifications.

Tips & Warnings

• Replacing spare parts or repairing damage may end up very expensive, so always opt for comprehensive collision coverage.
• If you have restored or added to the body or exterior of the car, mention it to the insurance company. Your car may get discounts.

Resources

• Research Sports Cars on RSportsCars