Why Sports Car Cost More To Insure?

Even when the purchase price of the sports car is less expensive, have you ever wondered why sports cars cost more to insure than other types of car? The following are the main reasons that will explain why this is the case, if you have thought so.

Car Insurance Group Categories

While many of the factors that determine the making up of car insurance quotes are not known, what is known is that insurance companies ‘group’ certain types of cars into categories.  Ranging from 1 through 20, insurance companies have grouped the type of cars for these purposes. Group 1 is the least expensive type of car to insure whereas; group 20 is the most expensive type of car to insure.  So, if you buy a Fiat Panda, you will be classed a Group 1 car driver.  You are looking to be classed a Group 15 and above driver if you buy a sports car, any sports car. If you buy a performance sports car, such as a Porsche 911, and you will definitely be classed as a Group 20 driver!
Porsche 911, Gt3, Automobile, Vehicle


Over 2 million car crimes happen in the UK each and every year.  Aside from popular model cars, such as a Ford, the biggest car crime category is of the sports cars!  If you have a soft-top convertible sports car, and the chances of it being stolen are red hot that is, very much high, or unimaginable! When it comes to car theft, you will be seen as driving an extremely high risk car even if you live out in the countryside with no one else around for miles. It is likely to cost more to replace a sports car if it is stolen, which the thieves often target to steal. The rate of premiums increase with the increase of risks!
Image result for copyright free images for thief stealing a car


Insurance companies are not charities – they are in the business to make money.  As such, they keep vast amounts of data and part of that data tells them that if you drive a sports car there is an increased risk you will be in an accident and that the accident will be more serious (and costly) than if you were to drive a regular car.  The premium charge is going to go higher if the risk keeps increasing. The biggest difference is risk. Sports cars come with more risk factors than a standard vehicle. And coverage and rates will need to be adjusted accordingly.
Image result for copyright free images for sports cars accidents

Under 30?

There are no appealing factors, if you are under 30, when it comes to insuring a sports car, unless you have just won the Lottery. Not only does the insurance company see the car you drive as being a high risk car to insure, but you as the driver are far more risky to insure as well, that is, they take your driver record into account. Consequently, car insurance premiums for the drivers who are the age of 30 years old  or under, driving sports cars, is probably the highest of all types of car insurance available in the UK today.
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