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The Reasons Why Performance Car Insurance is so Expensive

Car insurance quotes for performance cars are more expensive than standard car insurance quotes for a number of reasons. For example, they are much quicker than standards cars because they are built for speed. Their top speed can be as much as twice the top speed of an ordinary car. However, this means that there is a greater chance of getting into an accident. Speed can be responsible for accidents in any car but the top speed of performance cars enhances that possibility.

The speed of a performance car can not only lead to an accident but also to a criminal record, or a few points on your license at the very least! The police will soon be after you if you are exceeding the national speed limit, which is easy to do in a performance car. As such, performance car insurance will go up accordingly if you have points on your license for speeding.

In fact, an insurer has the right to refuse you insurance for a performance car if you have a criminal record that features a driving offence, or even just a license with endorsements.

Acceleration and top speed are taken into account in any performance insurance quote, but so is the expense if anything were to happen to the car itself, the financial burden of fixing it. Depending on how expensive the car parts are, it can cost a fortune to repair after an accident. This determines the insurance band that your car falls into and the level of your insurance quote as well.

That is not to say that you cannot work to reduce your premiums because you can. For example, if you limit the mileage or only take your car out on certain days of the week then your premiums will be much reduced. This is because you are not as likely to have an accident as someone that drives it every day!

You could also make your car more secure by putting it in a secure garage overnight and fitting a working alarm system if your performance car does not already have one. This can bring your car insurance quotes down significantly because performance cars are highly desirable and can be a target for thieves unless made secure.

Performance car insurance will undoubtedly be more pricey than regular car insurance, but going to specialists as well as the well known insurance providers could also save you money and make owning a performance car more affordable.

About The Author Xavier Heston is a horticulturalist living on top of a mountain in California.Performance Car Insurance
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