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Performance cars - what affects their insurance?

Car insurance for performance cars, such as Porsche, Aston Martin, Ferrari and Lamborghini to name the big names, is notoriously expensive and there are a couple of reasons for this.

These cars fall into the higher car insurance groups which is based on the following assumptions:

Your car's spare parts cost a lot. To replace a part on your performance car usually costs a small fortune and car insurance companies are aware of this, so even though you might not claim regularly, when you do claim it is going to be expensive!

Body repairs, if needed, are pricey with high spec finishes requiring specialist panel beating and touch ups, and the cost of panel replacements are high.

Any non-standard body features that your car may have also drives up the cost of repairs or replacement.

The bottom-line for performance car insurance is that it will be expensive, but there are insurers with policies tailored for high performance cars. By shopping around you will be able to find good deals that provide you with the level of cover you need.