Cheap Performance Car Insurance

Performance car insurance is never going to be cheap when compared to the cost of insuring a standard car but there are several things you can do to try and reduce the cost.

• Compare as many policies as possible

The easiest way to compare performance car insurance policies quickly is to work with a specialist insurance broker. A specialist broker will already have a panel of insurers offering performance car insurance policies and the broker will be able to quickly search this panel for the best deal.

• Check which insurance group your car is in

The insurance group your car has been placed in will greatly affect the cost to insure it. You can check which insurance group your car is in by searching the Association of British Insurers’ database.

If you are trying to decide between two similarly specified vehicles you may be able to save on your insurance bill simply by choosing the vehicle which is in the cheaper insurance group.

• Look to carry your no claims discount over

If you have built up a no claims discount on a non-performance vehicle request you broker consider this and carry it over if possible into the new policy.

• Enquire about a low mileage discount

Most people will travel far less distance in their performance car than they will in their family car or daily driver. If you believe you will only travel 2000 miles per year then state this to the broker, the less the car is driven, the less chance there is of it being in an accident.

• Car Security

If your car does not already have a comprehensive car security system installed ask you broker which systems carry the biggest discount with his panel of insurers. The cost of installing a good system could be well justified by the discount it brings to your car insurance policy. Look for accredited systems with built in trackers and immobilizers.

• Safe Storage

Garaging your pride and joy in a dry, clean and secure building will not only protect it from the harsh effects of the environment but will also reduce the risk of theft and in turn your cost of insurance.

• Drive Safely

If you think performance car insurance is expensive now then you certainly do not want to find out the cost of insuring the same sort of car after having a major accident. A performance vehicle should be treated with respect, having accidents not only pushes up the cost for you but also your fellow car enthusiasts.