Why Sports Cars Cost More To Insure

Although a great number of of the factors that figure out the make-up of automobile insurance quotes are not recognized, what is known is that insurance firms ‘group’ specific sorts of cars into categories. For this purposes, insurance providers have groups ranging from 1 through to 20. Group 1 is the least expensive sort of vehicle to insure. Group 20 is the most pricey type of auto to insure. So, if you ever buy a Fiat Panda, you’ll be classed a Group 1 auto driver. Get a sports auto, any sports vehicle, and you might be looking at becoming classed a Group 15 and above driver. Acquire a performance sports car, such as a Porsche 911, and you’ll definitely be Group 20 driver!

Theft

Over 2 million automobile crimes happen within the UK each and every single year. Aside from well-known model cars, such a Ford, the biggest automobile crime category is sports cars! Have a soft-top convertible sports auto, along with the chances of it being stolen are red hot! So, even for those who live out in the countryside with nobody else around for miles, you’ll still be seen as driving an very high risk vehicle in relation to vehicle theft. With increased risk, comes an increased premium!

Accidents

Insurance firms aren’t charities – they’re in the enterprise to make cash. As such, they maintain vast amounts of data and component of that information tells them that should you drive a sports auto there is an increased risk you’ll be in an accident and that the accident are going to be far more severe (and pricey) than in case you were driving a normal vehicle. As such, the premium charge is going to be greater.

Under 30?

Unless you’ve just won the Lottery, if you are under 30 you can find no appealing factors with regards to insuring a sports auto. Not merely do the insurance provider see the auto you drive as being a high risk automobile to insure, but you as the driver are far additional risky to insure as well. Consequently, car insurance premiums for those 30 years of age or under, driving sports cars, is almost certainly the highest of all types of auto insurance obtainable inside the UK currently.