I know everyone says that I should avoid modifications to my car in order to get the best price out of my car insurance policy. But is there a car insurance for modified cars?

Donna

Salt Lake City UT

It is true that car insurance rates tend to be higher when your car has been modified, meaning, it has been altered or enhanced from its original standard factory specifications. But this is just one factor, among many others, that can affect the pricing of your car insurance policy.

In the life insurance industry, there is a policy specifically made for those who don’t want to get any medical examinations. In the health insurance industry, there is a policy for those who are smokers. The same thing goes for the car insurance industry. There are actually a car insurance for modified cars although it is not as common as the ordinary ones.

You can approach your local car insurance agent and ask for a car insurance specifically adjusted for modified cars. Even when you’re looking for a general car insurance policy, you still have to disclose all the modifications made to your car. This is to ensure all bases are covered in your car insurance policy.

There are also available specialists on car insurance for modified cars. Whether this may be an insurance agent or an insurance company, they certainly know and understand the passion that car enthusiasts have for their cars.

In the Internet, there are car insurance web sites that cater to the needs of those people specifically looking for car insurance for modified cars. Just like any other car insurance sites, all you have to do is fill out the necessary details to make your request for insurance quotes specifically on modified cars. Once you submit your request, these web sites will gather your car insurance quotes from various companies that specifically offers policies for modified cars. You’ll receive your car insurance quotes all in an instant. It is that fast and convenient when you do your search through the Internet.

So what are you waiting for, get that special car insurance policy now for your modified car!

How do I get sports car insurance?

Trance

Los Angeles CA

Most people nowadays have been working hard and saving money to buy their favorite sports car model. But if you’re a sports car owner, then you are lucky to have one. Today, due to the rising economy problem, no one bothers to save money just to buy these sports car. But fortunate are those who have already one since having this kind of expensive car can add more status. And since it is expensive, many car owners are taking up sport car insurance this is to protect one of their expensive investments as well as property.

Maintaining the sports car is too way difficult since it will cost you a lot while the insurance is high. However, they are all inevitable. Anyone who owns this kind of car should take up sports car insurance since it is highly prone to accidents and commonly stolen. Luckily, many insurance companies have changed the concept in collecting insurance for cars. Before it’s only the car, now the driver is being included in the insurance. This is to help those people who have good driving records as well as older people to give lower amount on premium insurance compare to the owners of cars who are young. Plus, it also promote safe driving.

However, majority of the sport car insurance are also now offered by the car manufacturers itself. But most of these cars will need additional insurance or may perhaps take up it from a private insurance company. To get an idea with regards to the market price, it is good to canvass for quotations, plus it will also give you great deals which are offered during that particular day. Insurance agents usually have different criteria as to where the insurance amount is based. So it is advisable to look around before you apply for sports car insurance.

When it comes to car insurance, how does insurance companies classify a sports car or high performance car?

Martha

Boston MA

It will depend upon the insurance company on how they classify sports car, high performance car or family car. Each insurers has their own vehicle classification system. This classification system is based generally on ISO (Insurance Services Office) VIN system or other company proprietary ranking systems.

Cars are usually classified as sports car, high performance, luxury, van, truck, convertible, etc. These are the factors that are being considered when it comes to vehicle classification:

• Engine Type
• Manufacturer
• Body Style
• Engine Size
• Full Model Name
• Model/Series
• Body
• Engine
• Cylinders
• Restraint
• Restraint Indicator
• Anti-lock
• Transmission
• Other Options
• Daytime Running Lights
• Wheel Base
• Class Code
• Anti-Theft
• Curb Weight
• Gross Vehicle Weight
• Height
• Horsepower

A high performance car insurance are usually classified to a vehicle that acts as a high performance car. If you are planning to buy a car which you think might be considered a high performance car I suggest that you check with your insurance agent to determine how the car will defined by their specific rating system.

I am planning to buy a sports car. The sports car will serve me in two ways, it’s an investment and at the same time, it will act like a therapy because I love sports car. My question is, what should I expect when it comes to insuring it? Thanks!

Harris

San Diego, CA

If you like sports cars, you better start saving now because sport car insurance is expensive compared to normal car insurance. Owning a sports car requires time and money because you are not only going to use it, but you have to keep it in good shape. Keeping your sports car in good shape requires good sports car insurance. In most cases, car insurance for sports car are private and is limited to vintage and sports car only.

There are many benefits connected to a sports can insurance. These car insurance companies that offer insurance service is not like your usual insurance agent, most of them understands car as much as a car enthusiast do. And if you own a sports car, chances are, you are a member of a sports car owners club. Most sports car insurance offer discounts to owners who are a member of a particular club so be sure to check if you are eligible for one.

There is also a similarity between a normal car and sports car insurance. Both of them can achieve a reduced insurance cost if you are already an experienced driver. If your sports car is fitted with safety and security device, there is a also good chance that you can bring down its insurance cost to lower some more. So remember, even though sports car insurance is expensive, it will be worth it.

Is there any difference between sports car insurance and regular sedan car insurance?

Marvin

Annapolis, MD

The difference between sports car insurance and regular sedan insurance depends really on who you ask. The car insurance companies define the classification of the vehicle type. They would be the one to set the standard as to which car you have: a family car, an SUV or a sports car. The usual basis for this decision is the Insurance Services Office vehicle identification number (ISO VIN) system or other car manufacturer’s proprietary ranking systems. All information regarding your car will be taken into consideration to determine the classification of your vehicle. Generally, if it looks, drives, and performs like a sports car, chances are that your car insurance provider will see it as such. If this is the case, the sports car insurance will be higher than a regular sedan car. This is because the maintenance cost of a high performance vehicle is larger than that of a regular family car; also, it is more likely for sports cars to meet accidents on the road because of speeding. Another thing to consider is loss. Check with your car insurance provider if the model and type of car you plan to purchase has a high theft rate. If it were more likely to be stolen, it would also be expensive to insure.

Why is it that sports cars cost so much to insure? Is there any chance at all to find cheap sports car insurance? I’ve been wanting to buy a 2 door BMW for a while now, but the sports car insurance prices are holding me back.

Travis

Las Vegas, NV

A fast ride in cool wheels is just about any guy’s dream. But it does come with costs-more powerful engines not only burn more fuel but also cost a lot more to insure. It’s not really that hard to see why sports car insurance come with higher price tags compared to your good old family cars or sedans. If you look at it from the insurer’s point of view, it boils down to simple logic. Because sports car parts are more expensive and usually cost more to repair, it would mean that the insurance company will have to shell out more cash in case a claim is filed against sports car insurance. The likelihood of theft is also higher with a sports car. Really, if you were a car thief, and you saw a station wagon and a Porsche in a deserted parking lot, which would you steal? So, insurance companies have to take into account the risk of theft and the cost it would take to replace the stolen vehicle. Driving accidents involving sports cars also tend to cost more. Sports car drivers like to drive fast, don’t they? So if an accident happens, it is probable that the damage would be greater, again costing more to repair.

But this is just all the more reason for you to do more research on sports cars and sports car insurance. Try to find the car which has higher safety ratings and lower liability risks and think of buying that car instead. Also a second hand car costs less and may reduce the amount of premium you pay. You should also try browsing online for car insurance companies that offer relatively cheap sports car insurance.

I have a very expensive car and I’d rather not mention what the type of sports car I’m driving. As what they say, the more expensive your car, the higher your sports car insurance rate will be. I’m paying so much on my car insurance right now. And I’d like to know what can I do to get lower my premiums?

Carl

Northwest Clackamas, OR

Getting sports car insurance always demands higher auto insurance rates. However, there are still a lot of factors that affect auto insurance premiums that are within your control. By taking into consideration these following factors, you may lower down you car insurance premiums:

Your age. How old are you? Don’t take it as a personal question. The reason why I’m asking you this is because the younger you are the higher you’ll pay for your sports car insurance premiums. Are you below 30 years old? If you are, then you may end up paying for higher car insurance rates. But you don’t have to worry, once you’ve reached the age of 30 years old, you’ll see a change on your auto insurance rates.

Also, you should get sports car insurance from a specialist auto insurance company. There are auto insurance companies that specialize in insuring high performance cars. You might want to consider getting a policy form them. Its better this way since you know you are paying your premiums to a company that knows how to handle your sports car in the best possible manner. Also, make sure you’ll be able to provide the specific detail of your sports car like if there were modifications made, if it was imported, or even whether you car is kit build or not. Having those information ready can reduce your car insurance premiums.

My boyfriend is expecting to receive a sports car on his birthday from his dad, a Ferrari to be exact. But, according to my friends and also from what I’ve read, insuring a sports car is very expensive. Is that true? Can you give me more idea about getting cheap sports car insurance for him?

Regina

Phoenix, AZ

Wow! That’s what you call a big and expensive birthday present that every man I know wishes for. Advance Happy Birthday to your boyfriend!

Well, now let’s go back to your question, it’s true and you heard it right. Insuring sports cars are expensive. One of the reasons is that it cost so much to repair those kinds of sports car. So let’s take a look on how your boyfriend can get cheap sports car insurance:

First, how is your boyfriend going to use his Ferrari sports car? Is it on a regular basis or not? The lesser time he uses his car, the lower his car insurance rates will be;

Second, what is your boyfriend’s age? The younger he is, the higher his sports car insurance rates will be;

Third, how about your boyfriend’s driving record? The more moving violations he has or had in the past, the higher his car insurance rates will be

Also, you must take in consideration on where your boyfriend will garage his car. But since his dad was able to buy him an expensive car like a Ferrari, I don’t think he’ll have a problem finding a secured area to garage his car.

It’s also important to have his Ferrari be insured by an insurance company that specializes in insuring expensive cars. By doing this, you will be assured that you are dealing business with people who know what’s best when it comes to sports car.

How do I know if I should get sports car insurance? I’m planning to buy a second-hand car, and I intend to use it for drag racing. Does it qualify as a sports car already?

Alvin

Anaheim, California

A car can only be considered as a sports car if it passes the standards set by the car insurance company. Of course, each company has its own set of qualifications–that’s why there really is no single set of standards that everyone could use. Normally, car insurance companies rely on the Insurance Services Office (ISO) Vehicle Identification Number Monitoring System for ranking and classification purposes. This system is considered as the most flexible and efficient method of providing automated rankings and underwriting based on a specific set of standards. It involves a software that runs on a computing system (centralized or distributed) and accesses various databases.

Listed below are some of the points that are taken into consideration while doing the car ranking and classification:

• Model type and series
• Manufacturer
• Body style
• Class code
• Gross car weight
• Car height
• Engine type
• Cylinders
• Horsepower
• Restraint indicator
• Transmission
• Anti-lock
• Anti-theft
• Curb weight
• Wheel base

Typically, if a car has features of a high performance car and is used as a sports car, then you can expect it to have a sports car insurance policy. You may check the Web for companies that offer sports car insurance there in California.

I am planning to buy a sports car. Is it true that sports car insurance costs more?

Ned

Seattle, WA

When shopping for a car, it would be very wise to check the cost of insurance first. Ask an insurance agent how the type of car you are planning to buy will be categorized. You have to expect, though, that sports cars belong to the higher category, and as such will cost more to insure. Sports cars which have high horsepower are typically chosen by risky and thrill seeking drivers. So, the possibility of it being driven faster than usual is very likely. This essentially means that the car will most likely end up being crashed. These types of vehicles are also very costly to repair because of its special parts. Moreover, these kinds of vehicles are very likely to be stolen because of its cash value. The size of the sports car is another very important consideration, as well. Insurance statistics show that smaller sized sports vehicles have been involved in more car insurance claims than other types of vehicles. These factors affect the assessment of rates of your sports car insurance. You will definitely have to pay more on your Collision and Comprehensive Insurance. However, you can get to save on this coverage for your sports car insurance if the car you will buy is loaded with safety features such as traction control, automatic locking seatbelts, airbags, etc. Shopping around for sports car insurance has also proven to help customers find the most reasonable rates in the market.