Buying insurance for your sports car is just as important as buying the car itself. Not only is insurance legally mandatory, but your insurance policy will protect one of the biggest financial investments you will make. We will discuss the top models of sports cars, and give 10 tips to help you buy your car insurance policy.
Top Sports Cars
There are many brands of sports cars, but the top brands of sports cars are the following:
- Porsche 911 Turbo S
- Audi R8 LMX
- Lamborghini Aventador
- Aston Martin Vanquish
There are many others, but these are some of the trendiest cars in India. Once you have bought your sports car, it is time to buy car insurance online.
Tips When Buying Insurance
We recommend following the ten tips when buying insurance for your sports car. Sports cars are always at the top in the car groups of insurance companies, thus premiums will be much higher than a normal car.
#1 Buy Comprehensive Insurance
We would not recommend third-party car insurance for a sports car. We would recommend comprehensive insurance. This is because third-party car insurance will not cover damage to your car. If you have an accident, your car can end up as a worthless heap of metal, and you will have to foot the bill to replace it.
#2 Buy Insurance Add-Ons
Make sure that you buy insurance add-ons, such as engine cover. This will ensure that you are not out-of-pocket if anything goes wrong with your car that is not a part of the insurance coverage.
#3 Use Online Comparison Websites
The online comparison websites can compare car insurance quotes with a few clicks, saving you from doing the math. You can buy car insurance online through a comparison website.
#4 Theft Cover
Ensure your insurance policy covers theft. Sports cars are highly desirable and can be at a risk of theft. Most comprehensive insurance plans offer this as a part of the coverage. This is yet another reason not to go for third party car insurance for a sports car.
#5 Secure the parking space
Do you store your car in an unlocked garage or leave the doors unlocked? Your insurance company will often not pay you a penny, read your policy documents closely. Ensure your car is kept secure at all times. Ensure your driveway has CCTV.
#6 Renew your policy in time
Renew your car insurance as soon as it expires. This can save money, especially if you shop around. At the end of your policy, try bargaining with your current insurer instead of just renewing before you change providers, you might be surprised at the cost savings.
#7 Buy Tailored Insurance
Buy car insurance online that is tailored to your make and model of car. This is most certainly the case in the case of sports cars. Different brands of cars are in different groups, and this is used by insurance companies to determine premium costs, such as the cost of parts/labor. This is why it is important to shop around for insurance tailored to your make/model of sports car.
#8 Drive Carefully
This shouldn’t even need to be said, but drive with care. This will protect your no-claims bonus and will keep your insurance premium down.
#9 Customer Loyalty
This is often not rewarded in the car insurance industry, but if you have insurance with a certain provider already such as house insurance, you may find owning a car insurance policy with them to be much cheaper.
#10 Maintain Your Car
A well-maintained car will protect your no-claims bonus and will be required by some insurance companies to complete the process of insurance.
Now that you are armed with the above information, you can buy car insurance online for your sports car. Go with a good comprehensive insurance plan, follow the above advice, drive carefully and enjoy your new pride and joy that is your properly insured sports car.