How to Enjoy Sports Cars & Avoid the Sky-High Auto Insurance Premiums


Do you dream of owning a sports car? Well, you better put those dreams on hold until you find out how much your auto insurance premiums will be. There’s nothing quite like the feeling of hitting the open road in a BMW or Ferrari. Unfortunately, in most cases, you’ll have to pay an arm and a leg for that privilege.

Why Do Sports Car Usually Have Higher Insurance Rates?

It’s no coincidence sports cars usually have higher insurance rates than your everyday regular family sedan. There are three main reasons insurers charge higher premiums for a flashy ride:

1. Greater Risk of Car Theft


Flashy cars tend to draw the attention of everyone from cute girls to car thieves. The facts don’t’ lie: sports cars tend to have a higher rate of theft than sedans. Although there are steps you can take to better protect your sports car, you’ll have to pay higher premiums for the privilege of riding in style.

2. Higher Likelyhood of Collision


Not only are sports car more likely to be stolen by car thieves, they’re more likely to be involved in serious collisions. What’s the point of getting a sports car if you can’t put the pedal too the metal and live a little? Even if you’re a law-abiding driver and you follow the speed limits, you’ll have to pay higher premiums for those who street race and don’t follow the rules of the road.

3. Higher Repair Cost


For a lot of car owners, their sports car is like their baby. When you’re involved in an accident, whether it’s a fender-bender or a head-on collision, you can’t just take it to your neighbourhood auto shop. You’ll more than likely want to take it to the dealership, which will jack up the repair bill and your premiums.

Ways to Save on Auto insurance

1. Protect Your Car from Thieves


A car owner’s worst nightmare is to return to the parking lot and find their beloved car stolen. Not only does protecting your car from thieves help avoid the inconveniences of a stolen car, it helps lower your auto insurance premiums. Anti-theft protection like car alarms and immobilizers are great ways to protect your pride and joy and save on insurance premiums.

2. Rent Instead of Own


For most people a sports car isn’t an everyday car – it’s more like a weekend car. Instead of spending a bundling on a car that sits in the garage during the week, how would you like to have your cake and eat it, too? You should consider renting a sports car instead. You’ll save a bundle by renting your favorite sports car a few weekends a year, while still impressing the ladies.

3. Drive Responsibly


There’s no easier way to jack up your auto insurance premiums than driving recklessly. By following the rules of the road and avoiding speeding tickets, you may be able to receive a discount on your auto insurance premiums.

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