Sports Car Insurance

Reader’s Question:

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.