Insuring High Performance Vehicles

High performance vehicles require specialised insurance coverage. These policies take into consideration the modifications and upgrades that owners have made to their vehicles. The…

High performance vehicles require specialised insurance coverage. These policies take into consideration the modifications and upgrades that owners have made to their vehicles. The types of coverage available for modified high performance cars can include everything from liability insurance to full coverage protection for drivers who use their vehicles on the track or off-road. Here, we dive into the ins and outs of insuring these types of vehicles.


What is considered a performance vehicle?

Performance vehicles are defined as any vehicles that have been modified to increase their power, performance, and speed. This can include cars that have had engine modifications such as turbocharging, supercharging, and nitrous oxide injections. It also includes cars with chassis upgrades like suspension and wheel modifications or aerodynamic changes.


Do faster cars have higher insurance?

High performance vehicles are typically more expensive to insure than other vehicles. Insurance companies view these cars as a higher risk since they are more likely to be involved in an accident due to their speed and power. As such, premiums for modified high performance cars can be significantly higher than those of standard vehicles.


How old do you have to be to get insured on a sports car?

The minimum age requirement for insurance on a performance vehicle will vary depending on the insurer. Generally, drivers must be at least twenty-five years old and have a good driving record to qualify for coverage.


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Do I need specialised insurance if I use my car for racing?

If you plan to take your modified high performance car onto the track, you’ll need to invest in specialised insurance. Most standard policies don’t cover racing activities, so it’s important to find a policy that does. These policies may have higher premiums, but they can provide invaluable protection if something goes wrong during a race.


What types of coverage are available for high-performance vehicles?

Insurance companies offer a variety of coverage for modified high performance cars. Liability insurance covers damages that are caused to other people and property by an at-fault driver. Comprehensive coverage, on the other hand, pays for damages to the insured vehicle, regardless of who was at fault in an accident. 

You should consider some of the following features as part of your coverage:

  • Breakdown cover: This pays for roadside assistance and repairs to your car if it breaks down while you’re out on the road.
  • Total Loss Replacement: If your vehicle is declared a total loss in an accident, this type of coverage will replace it with another model of similar quality and age.
  • Personal Injury Protection: This pays for medical treatment if a driver is injured in an accident.
  • Uninsured/Underinsured Motorist Coverage: If you are involved in an accident with someone who does not have insurance or doesn’t have enough coverage to pay for your damages, this type of coverage will cover the difference.


Do performance mods increase insurance?

Performance modifications can also impact your insurance rates. Since these modifications often increase the speed and power of a vehicle, they can be seen as a greater risk by insurers and may result in higher premiums. It’s important to note that some insurance companies may not cover certain performance mods, so you should be sure to check with your insurer before making any modifications.


What are the advantages of insuring a high-performance vehicle?

High performance vehicles tend to be more expensive than standard cars, so it’s important to make sure they are adequately insured. Having an insurance policy in place can provide peace of mind that your car will be covered in the event of an accident or other loss. It can also provide protection for modifications and upgrades you may have made to your vehicle, such as a larger engine or aftermarket wheels and tires. Furthermore, insurance policies for high performance vehicles are often tailored to the needs of their owners, giving them more control over coverage levels and premiums.


Looking for competitive cover for your performance car insurance? QuoteSearcher helps you compare multiple quotes from a range of specialist brokers. Fill out the easy form today to get started.