The minimum level of insurance you’ll need to drive your car on UK roads, third-party only offers cover for damage you do to another person, their vehicle or their property
Sports car insurance is cover you take out to protect your sports car – it works much like any other car insurance policy.
It’s unlikely you’ll need to find a specialist insurer, although you may want to consider additional policy features such as cover for malicious damage, personal injury or track days.
There’s no universally agreed definition of a sports car but they are generally seen as being smaller, lighter and more powerful than your average car, with two seats that are typically lower to the ground. You’ll generally find them in higher insurance groups.
Your policy will offer the standard protection for you and your vehicle, depending on the level of cover you’ve chosen
You might also choose to take out cover for travelling and driving your sports car overseas
Higher end vehicles like sports cars can be subject to more malicious damage or vandalism than normal, so it could be worth taking out extra cover for this
Some insurers offer a separate policy to cover a soft roof, should your sports car be a convertible
If you choose to modify your sports car in any way, you’ll need to tell your insurer so they can factor it into your policy
Sports car enthusiasts often take their cars to track days to drive on purpose built racing circuits – but this will require extra cover
You’re likely to pay more for car insurance if you’re insuring a sports car compared to a standard hatchback or estate, as sports cars are usually more powerful and valuable. A good way to tell is by the insurance group the car is in.
Cars in higher groups usually cost more to cover, and sports cars are more likely to be in these groups. You can check what group your car make and model is in with our group checker tool.
Aside from the car you drive, your premiums will also depend on the following:
Your age: Older drivers tend to pay far less for cover than those aged under 25 – it may seem unfair but it’s largely down to the higher risk posed by drivers with less experience
Your location: Some areas of the UK see higher rates of crime, vandalism or traffic accidents, so if your car is often in these areas it’s possible you’ll pay more for cover
Your job: Certain occupations also present higher risks to insurers, possibly because your car may be kept in dangerous locations or you may face long and frequent commutes
Your driving history: If you have a history of car insurance claims or driving convictions, insurers will see you as more of a high risk driver so you’ll have to pay more in premiums
Ensuring your car has fully functioning alarms and an immobiliser keeps costs down as well as the risk of theft – as will keeping your car in a locked garage
The fewer miles you drive the lower the risk of being in an accident, so if you can give a lower estimated mileage to your insurer you may get cheaper cover
Offering a higher voluntary excess payment tells insurers you won’t bother with small or frivolous claims, making your overall risk lower
You might be more likely to want modifications on your car if it’s built for fun or performance, but limiting them will prevent your costs from going too high
If you can pay for smaller issues yourself and stay safe on the road, you’ll have a better chance of building a no-claims discount on future car insurance deals
Some insurance providers might offer discounts on your cover if you are part of a recognised sports car club – it’s always worth asking
*24.43% of customers completing a quote through MoneySuperMarket received a price cut quote in their top 10 results. Based on MoneySuperMarket quotes between May 2021 and May 2022
Sports cars are usually cars with bigger engines that are capable of reaching high speeds on the road – they’re also often more valuable and more expensive to repair than standard vehicles. This makes them overall a higher risk of being stolen, vandalised, or involved in a road accident – so to compensate for the higher risk, insurers charge more for protection.
High performance cars can be seen as different to sports cars in that these are specifically designed for performance on the road – even to a greater degree than an average sports car. As such these cars will be even more high-risk – and are more likely to require an actual specialist policy.
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