Compare sports car insurance

Most of us expect to pay top dollar for a sports car, but insurance costs can still be a shock. Shop around with us and we'll help you find a good deal on your sports car insurance.

Most of us expect to pay top dollar for a sports car, but insurance costs can still be a shock. Shop around with us and we'll help you find a good deal on your sports car insurance.

Daniel Hutson
From the Motor team
minute read
Do you know someone who could benefit from this article?
Posted 15 JANUARY 2020

What is considered a sports car by insurance providers?

While there doesn’t appear to be an agreed definition of a sports car, the basic criteria usually include:

  • A two-seater car with greater performance or power than most standard cars.
  • Lower to the ground than your average car and lighter in weight.
  • In a high insurance group. 

What insurance groups include sports cars?

Car insurance groups run from 1 to 50, with cars in group 50 being the most expensive to insure. You’ll probably find that any sports car you buy, whether it’s a new model or an older type, will go beyond group 12 and is more than likely to be over group 20.

How do insurance providers work out a car’s group?  

They look at factors including:

  • The car’s price when new (in case they have to pay you if the car is written off).
  • Performance – including the car’s top speed.
  • The price of parts and labour for repairs.
  • Availability of parts.
  • How easy the car is to steal, or how likely it is to be stolen.

What is a high-performance car? 

A high-performance car is one that has a lot of power and not much weight. They are built to be slick and fast with tight steering and capable of hugging curves. These cars are tuned for a better performance in speed, handling and breaking.

Many sports cars are high performance but top end non-sports cars, such as Audis, Jaguars and Range Rovers, are also classed as high performance.

Why is sports car insurance so expensive?

Sports cars are more expensive to insure than other cars for many reasons.

  • Statistically, sports cars are involved in more accidents than the average family car, mainly because of their speed.
  • Sports cars are attractive to thieves and are therefore more likely to be broken into or stolen.
  • A sports car is also a magnet for people who take delight in damaging this type of vehicle.
  • The cost of repairs is very high – replacement parts for sports cars are often difficult to get hold of and very expensive.

Can I modify my car to bring the insurance costs down?

Yes, and no. When an insurance provider quotes a price, they will firstly take into consideration the original specification of the car.  

If you change the original specification by, for example, adding new alloy wheels, changing the music system or fitting a body kit, the insurance provider may charge you more.  

However some changes might help you to lower your premium, especially if you are improving the car’s security system. It’s best to be honest with your insurance provider and tell them about all the  modifications that have been made to make sure you keep your policy valid.

How can I get cheaper high-performance car insurance?

There are a few things you can try to reduce your car insurance.

  • If you don’t do many miles in the car, you can ask your insurance provider for a  limited mileage policy, which might lower your premium.
  • Pay a  voluntary excess. You will probably have a compulsory excess because of the type of vehicle you are insuring. Make sure you can afford to pay the full excess amount, as this will be deducted from the cost of any claim for damage repairs, or the cost of replacing your sports car if it is written off.
  • Taking an advanced  driving course could gain you a discount with some insurance providers; check before you fork out though.
  • Although it may not directly affect your premium, fitting a car alarm or an immobiliser can deter anyone who may want to steal or tamper with your car.
  • Compare car insurance and we’ll show you our cheapest sports car insurance deals.

Looking for a quote?

Compare car insurance in minutes to see if you can save

Get a quote
Compare car insurance Get a quote