Sports cars offer excitement and style that their counterparts simply can’t compete with. If you’ve purchased your first and are preparing to secure auto insurance, it’s important to note that special circumstances apply to luxury sports cars. Here’s a closer look at everything you need to know to purchase insurance for the right price.

Understanding Auto Insurance for Sports Cars

What Qualifies as a Sports Car?

Auto insurance companies examine specific criteria to determine if a vehicle is a sports car. The vehicle’s weight and height, horsepower, number of cylinders, and make and model are important qualifications. Most in this category have two seats, but there’s room for four-door sports cars, exotic cars, performance enhancements on standard vehicles, and muscle cars many owners classify as belonging to this group.

It’s important to understand that every auto insurance company will have slight variances in their definition, which is why it’s best to speak directly with an agent.

What Factors Impact Insurance Premiums?

Because sports cars can accelerate quickly, reach high speeds, and turn while moving at those speeds, there’s an increased risk of accidents. Even if you’re a safe driver who never takes advantage of the enhanced performance, insurance companies have to assume it as a possibility. This is why auto insurance premiums are higher for sports cars.

They’re also much more expensive to repair because of specialty parts and usually require a specialist trained by the manufacturer—things an insurance company will be hesitant to cover with a traditional plan. Thieves target sports cars more frequently as well, and items stolen will often be more expensive to replace.

Auto insurance is a must, however. Most plans cover collisions and costs for vandalism, theft, or damages from a break-in. They also include liability coverage to handle medical bills for passengers and other motorists. If you plan on driving a sports car, having a clean driving record and ensuring it has safety features like anti-lock brakes and airbags may lower the premium.

If you’re searching for auto insurance, request a quote from Seeman Holtz Property & Casualty. This Boca Raton, FL, firm is an independent national insurance agency offering major insurance carriers across the country and featuring all lines of personal and commercial insurance with unrivaled attention to client service. Learn more about their personalized coverage options on the website. Call (844) 255-6639 to speak with an agent today.