Driving a sports car is a dream for many people around the world. It is an indication of freedom, and it is symbolic of societal approval. Other drivers gawk at sports car drivers with reverence, but insurance companies don`t do the same. Instead, people who drive these cars are deemed at higher risk than the average driver.
Why is this? Is it really fair to think that all sports car drivers are reckless behind the wheel? How do insurance companies define sports cars? We`ll talk about all of these things and more to help you lower your insurance rates as a sports car driver. People deserve to drive the car of their dreams without being hindered by big insurance costs.
Keep a Clean Driving Record
It should go without saying, that avoiding car accidents and other reckless behavior on the road will get you better insurance rates. This rule applies regardless of what type of vehicle you drive. Insurance companies want a large body of work that indicates you are not a risk to them.
Driving less is also another way to get insurance discounts. The fewer times you hit the road, the lower the chances of getting into an accident. Fortunately, sports car drivers are very careful with when and where they take their vehicles. Many people only want to take out their fancy car for special occasions, not use it for daily commuting.
Make sure that you tell your insurance company if you are only going to be using your sports car in a limited capacity. They can monitor this themselves with smart devices that track driver behavior. Things like the time of day, the number of miles driven, and the speed of the car is monitored.
This is also helpful for them to see that you are not taking advantage of the extra horsepower on your sports car. It helps to disprove stereotypes around sports car drivers and reckless driving.
Vehicles like Corvettes and Mustangs are better for the average driver to own than a Ferrari or a Maserati. They have more accessible price ranges and insurance companies will look at them as more common, everyday cars due to this.
Buy a Common Sports Car
Insurance companies charge higher premiums for customers who are asking to ensure more rare muscle cars and trucks. A sports car from the 1960s is going to be harder to replace the parts on than a new model from the last five years. If you want a sports car and you are concerned about insurance, always go newer. It will save you a lot of money over time.
If you have another car that you drive more often than your sports car, you can ask your agent about bundling the two policies together. Many companies will give you discounted rates for insuring more than one car.
Wait until you are older to get a sports car. If you buy or rent one in your 20s, your rates will be much higher due to stereotypes around inexperienced drivers. Even a clean record is going to have a hard time benefiting a 22-year-old with a sports car when shopping for insurance.
As you can see, there are many different ways to save money on your sports car insurance. Research the ways that you can get discounts, and ask your agent for help. Sports car ownership should be fun, not stressful.
You just need to know how to behave and what extra precautions to take when you are driving a sports car, and your insurance should be less expensive.
