Insurance for high performance vehicles
A high performance car is one which has been specifically designed and built to increase its speed quickly and handle higher speeds better than standard vehicles. Examples of performance vehicles include:
Increased engine size and power leads to faster driving styles. High performance cars are a higher accident risk and often a target for vandalism or theft. When a performance car gets damaged replacement parts are expensive and require specialist labour to repair. If the car is written off the cost of replacing it is high.
These risks and the cost involved in repairing and replacing this type of vehicle explains the cost of high performance car insurance and why its typically higher than a standard car insurance policy. Some insurers won’t insure performance vehicles at all, making it difficult for the owner of a powerful car to find a company that will cover them.