Sports Car Insurance Advice 2012

blankSports Car Insurance Guide

The names of many American sports cars are legendary: Corvette, Mustang, Thunderbird, and Camaro just to name a few. Collectors desire these cars and owners treasure them, especially the classical older models whose name bring back shades of Detroit’s heyday in the automobile world. The best way for owners to protect their sports car is to get sports car insurance, which is best for fast vehicles.
What is a Sports Car?
If you have a sports car, then you know that its defined by its high horsepower, big engine, and fast speed. Typically, insurance companies label any type of two-door car as a sports car, which can be somewhat misleading. For example, there is a significant difference between a straight-off-the-line V6 Mustang and a Mustang Shelby GT 500.
The best way to figure out what type of insurance policy you need is to determine the value of your car. Remember that your car’s value also includes the cost of any aftermarket parts. If you have a standard type of sports car, then you should be fine with using the same insurance company that you have for other cars. Truly exceptional sports cars, however, deserves truly exceptional insurance from a premium or specialty car insurance company.
Sports Car Insurance
Insurance for sports cars is higher than normal cars because, lets face it, you did not buy the car to drive around town 5 miles under the speed limit. Their high speeds make them dangerous and their looks make them popular targets for thefts. Insurers charge more for sports cars because they believe insuring them is a greater risk, though they may offer you a discount if you can prove that you have a clean driving record.
There are several insurance companies who are dedicated to servicing owners of sports cars and high-performance vehicles. Their policies are tailored to meet the needs of sports cars, including vintage models. For example, if you are lucky enough to own a genuine 1957 Ferrari 250 Spider California and the car gets wrecked, there are going to be some significant restoration costs. Most insurance companies would not want to pay for restoring a vintage car, but specialty insurers specializing in high-end sports cars have policies meant to address issues like this. These insurers usually have higher premiums than other companies, but owners of exceptional sports cars are more than willing to pay the high rates to protect their car.
Final Thought
Buying a sports car is the culmination of a dream. These beautiful cars command high insurance costs, but their owners willingly pay every cent. Determine how much your car is worth to you, and find an insurer who is able to provide you with the coverage you need.

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