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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
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Posted 24 MAY 2021

What is sports car insurance?

Sports car insurance works in much the same way as any other car insurance, but will usually be more expensive and might have specialist cover added to it.

Sports cars like the Audi TT, Mazda MX-5 and Jaguar F-Type are capable of reaching high speeds and tend to be driven faster than run-of-the-mill cars. This makes them more likely to be involved in an accident. Their good looks and powerful performance also make them more attractive to thieves, hence the high cost of insurance.

Sports cars can generally be covered by standard insurance providers, although modified cars and ‘grey imports’ – those imported legally from outside the UK through unofficial channels – might need a specialist provider.

What is considered a sports car by insurance providers?

While there’s no one universally 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.
  • Cars in a high insurance group.

Essentially, a sports car features some of the performance characteristics of a racing car. Coupes, roadsters and GTs are commonly classed as sports cars, but even some family hatchbacks can be defined as ‘sporty’.

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. Sports cars fall into higher insurance groups because, in the eyes of insurance providers, these vehicles pose more of a risk than less powerful cars.

You’ll probably find that any sports car you buy, whether it’s a new model or an older type, will be categorised beyond group 12, and more than likely over group 20. The Mazda MX-5, for example, usually falls into groups 25-30 depending on its specifications.

Insurance providers work out a car’s group by looking at a whole range of things, including the car’s price when new (in case they have to pay out for a write-off), its top speed, the cost of its parts and how likely the vehicle is to be targeted for theft.

What does sports car insurance cover?

Like standard car cover, insurance for sports cars offers three levels of cover.

Third party is the legal minimum level of insurance. It can cover the cost of any damage you cause to someone else, their vehicle or their property. But you won't be covered for the cost of any damage done to your own car.

Third-party, fire and theft includes everything in third-party insurance, plus cover if your sports car is stolen or damaged by fire.

Comprehensive cover is the highest level of insurance you can get, but not necessarily the most expensive. Cover includes third-party, fire and theft plus any other damage caused to you or your car.

Additionally, sports car policies can also cover:

  • soft roof damage – get your soft-top convertible fixed if it’s targeted by vandals.
  • modifications – your insurance provider might allow you to make certain changes to your car, or agree to insure it if it’s already modified.
  • driving abroad – get cover for EU and overseas travel if you want to cruise along foreign shores, turning heads as you go.
  • track days – you can get specialist cover for taking your car to race around a track to reach top speeds. Some providers may automatically include this in your policy as standard.

Frequently asked questions

What is a high-performance car?

A high-performance car is one that has a lot of power and not much weight. They’re built to be slick and fast, with tight steering and the ability to hug curves. These cars are tuned for a better performance in speed, handling and braking. 
Many sports cars are high performance, but top-end non-sports cars – like some SUVs and saloon cars – are also classed as high performance. 

Why is sports car insurance so expensive?

Sports cars are more expensive to insure than other cars for several reasons:

  • Higher speed capacity means there’s a greater risk of accidents 
  • They’re more likely to be attractive to thieves and vandals 
  • Parts are typically more expensive and difficult to source, so repair costs can be higher 

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

Possibly. When an insurance provider quotes a price, they will take into consideration the original specification of the car. 
If you change things, such as adding new alloy wheels, the insurance provider may charge you more. 
But some changes might help you to lower your premium, especially if you’re improving the car’s security system. It’s important to be honest with your insurance provider and tell them about all the modifications made to make sure you keep your policy valid. 

Can I get sports car insurance if I’m under 25?

Statistically, inexperienced car drivers and passengers aged 17 to 24 pose a greater risk and are more likely to be injured in a road accident than older people. If you’re under 25, it will be difficult to find affordable sports car insurance.  

How can I get cheaper high-performance car insurance?

While sports cars are notoriously expensive to insure, there are a few things you could try to reduce the cost of your car insurance: 

  • Limit your mileage: If you don’t do many miles in the car, a limited mileage policy might lower your premium. You could also look into pay-as-you-go insurance
  • Pay a voluntary excess: This is the amount you pay towards any insurance claim. The more you agree to pay, the lower your premium will be. Just make sure you can afford to pay the excess if you need to make a claim.  
  • Boost security: Fitting a car alarm or an immobiliser could deter thieves and vandals, and it might help to lower your premium.  
  • Compare car insurance: Comparing quotes could help you find a cheaper deal.  

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