It can sometimes be easy to get confused or unsure when you are shopping around for car insurance. There are so many companies, price differences for different motor vehicles, and multiple options for policies, that it can all be a bit overwhelming. If you are in the process of finding cheap sports car insurance, things can be even more confusing. As you are comparing different insurance policies, you might notice that the price a sedan owner has to pay for their insurance is a lot different than what you are being asked to pay for your sports car insurance. What is the difference and why does sports car insurance seem to cost more?
Different Types of Cars
It’s pretty obvious, even to people who aren’t automobile enthusiasts, that sedans and fast cars are very different. Even a quick look at each type of vehicle makes it very evident that you are dealing with two radically different types of cars. Each is designed for a different driving need. You might get the family to pile into the saloon car for an afternoon of shopping and other errands or for driving to and from work. You might do these kinds of things in your sporty car, too, but you will probably be going much faster in the sports car than you would be in the sedan.
There is a big difference in the way saloon cars are built in comparison to how performance cars are built. These motor vehicles are built for speed. They are constructed of lighter materials and typically have fewer safety features than the typical sedan. Your approach to a sports car is very different as well. When you get into a sports car there is a psychological response – a certain mindset – that is very different than you get when you climb in behind the wheel of a saloon car. You are just more likely to drive faster and take more chances in a sports car than you are in a family sedan. Insurance companies are well aware of this psychological change and they adjust their insurance prices accordingly.
Targets for Theft
You love your car, but you have to realize that car thieves covet it as well. Statistics show that these cars are more likely to be stolen than a standard saloon car. If a car thief has a choice among many different cars, he is most likely to swipe the faster, sportier car than any of the everyday saloons that may be parked nearby. Car insurance companies know that car thieves are more likely to take a sports car, so this is another consideration on their part when it comes to pricing insurance.
The Price of Parts
Your car has some pretty expensive parts that make up the whole machine. When the time comes to replace a part you might even have to make a special order. The cost of replacement parts is higher with your sports car, which is yet another reason that insurance rates are going to be escalated.
You will have to work harder and look around more to find cheap insurance. You drive your sports car faster than the family sedan. Thieves have their eyes on these cars and custom parts can be very expensive. These three factors add up to a sum that makes it a little harder to find cheap car insurance for a sports car.