High Performance Car Insurance
Reader’s Question:
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.