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Young Driver High Group Car Insurance

  • High insurance group specialists
  • Sports Car Insurance for Young Drivers
  • Performance car insurance for Under 25 and Under 21
  • Hot hatch insurance
  • Uber and ZEGO driver cover
  • Breakdown Cover available

Performance Car Insurance

The performance car insurance policies are there for the car enthusiasts that love the feel of raw power at their fingertips. Each policy is tailored made to fit the needs of the driver and the vehicles they love to drive. These specialised vehicles are made with engines that produce horsepower and torque closer to what race cars generate with a chassis that is low in weight to maximize the vehicles speed and agility.

Who needs performance car insurance?

The performance car polices are tailored made to fit the needs of the vehicle owner who loves performance. The vehicles that can be covered include the old classic cars from years gone by along with the newer supercars only the well off can afford. This type of policy also accommodates the coverage needed for those that build their cars which are modified so they can perform at a higher level than the average streetcar.

What is included in performance car insurance?

Since the high performance cars are valuable, most owners choose to cover them with a comprehensive policy. It is possible to only have third party and third party fire and theft, but due to the high risk associated with these vehicles, the cost of these policies would be high and possibly higher than a comprehensive policy with nearly no benefits for the costs. A comprehensive policy can include the following;

  • Repairs to both your vehicle and the third party when there is an accident.
  • Medical bills are covered for both you and those in the third party vehicle.
  • Payment of the agreed to value of the vehicle when the policy is taken out if it is damaged by fire or is stolen.
  • Replacement of audio, navigational and video equipment if it is damaged or stolen.
  • Windscreen replacement.
  • Courtesy car provided while your vehicle is being repaired.
  • Third party cover if you are operating a car you do not own.
  • Coverage in the EU for up to 90 days annually and with some insurance companies, this can be up to 180 days.
  • Salvage retention if your vehicle is written off after an accident or is damaged by fire or malicious act.
  • Hire vehicle access for up to 14 days if your vehicle is stolen or written off.

What are the optional areas that can be covered?

Some extra covers can be added to the performance car policy to help bring peace of mind to the high powered car owner.

  • Breakdown cover.
  • Protected No Claims Discount cover.
  • Legal cover.

Popular performance cars include

Audi S1

Fiat Abarth 500

Ford Fiesta ST

Ford Focus RS

Mercedes-Benz A45 AMG

Peugeot 208 GTI

BMW M3 / M4

Vauxhall Corsa VXR

Subaru Impreza WRX STi

Ford Focus RS

VW Golf GTi / R

Ford Focus ST

Why does performance car insurance cost so much?

The premiums of a performance car insurance policy are higher than a standard car policy because of the higher risk involved in protecting the vehicle. This risk is associated with the more powerful engine under the bonnet, the higher value of the car, the high cost of replacement parts and since most are unique they are targets by thieves. It is also a fact the if you are a young driver particularly under 25 or even under 21 your will face a much higher monthly premium thank older drivers.

How can I lower the cost of my performance car insurance premium?

Many things can be done to lower the risk of insuring your high performance vehicle. By lowering the risk, the cost of the insurance premiums will be reduced or discounted. By installing a theft determent system or alarm along with a GPS tracker, most insurance firms will discount the premium.

Discounts are also given when the vehicle owner is a member of a car club and when the number of miles on the high performance car is limited on an annual basis. This mileage limit is provided to the insurance company when the policy is taken out and a reduction in the premium is given due to the reduced level of risk the vehicle posses.

When the performance car is stored in a locked building or shed when not in use is another way the risk is reduced. This again can lower the cost of the annual premium. By agreeing to an increase in the excess paid when a claim is made also reduces the risk of the performance car which again will lower the annual premium.

The performance car insurance policies are tailored made to fit the driving needs of the owners who love their high powered vehicles. It is true the premiums cost more, but the policies also protect the vehicles more when there is an incident like an accident or the vehicle is stolen. You will also have salvage retention so the car and its parts will always be under your control.