What Is Considered A Sports Car For Insurance Purposes?
From an insurance standpoint, there is a difference between a car for everyday use and a high performance car. There is not a universal definition of what is considered a sports car by insurers. How vehicles are classified varies from one insurer to another.
While there is not an industry agreed upon definition they tend to have these features :
- Two doors
- High performance components and features
- Light weight and low profile
- More horsepower than the average vehicle. V8 engine or more
- Higher price tag
What Does Sports Car Insurance Cover?
You will get the same level of coverage as traditional insurance. It covers everything you would get with another policy – collision and comprehensive, and liability coverage.
One of the main differences is policy limits. Sports cars tend to need more protection or higher limits because they have a higher price tag and the increased cost to repair.
How Much Does Sports Car Insurance Cost?
If you drive a sports car you can expect to pay higher insurance premiums. They generally cost more to insure than other vehicles such as cars, SUVs and trucks.
The cost of a policy will vary from driver to driver. The make, model, year, features, and price will affect rates. Additionally, standard factors such as location, age, and driving history will also be factored in when calculating rates.