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Sports car insurance

A quick guide to insuring sports cars

Fast cars generally cost more to insure, but just like any car insurance policy, there are still ways to keep your premiums lower if you’re a safe driver.

Why could sports cars be more expensive to insure?

Like any insurer, we use a vehicle's vital statistics to work out the cost of a policy. There are several reasons why a sports car can be more expensive to insure:

  • they’re usually more expensive to repair, due to the higher price of parts and labour
  • they’re generally more expensive to replace
  • they’re more likely to be targets for thieves and vandals.

This can be frustrating for safe drivers, which is why we offer a discount of 70% to motorists who’ve earned at least five years’ No Claim Discount.

Drive abroad for less

If you want to drive Germany’s autobahns or any other great driving roads within the EU, you can get our Extended Foreign Use add-on. All our policies come with eight days of coverage in any EU country, but for a bit extra per year, you get the same level of cover in the rest of the EU as you get in the UK (as long as each trip is 90 days or less).

How to keep the cost of cover as low as possible

You knew when you bought a sports car that it was very likely to be a high insurance group.

Here are some simple suggestions that can add up to quite a saving:

Reduce your mileage

If you own a more practical car (or can borrow one you’re insured to drive), then that’s a better choice for the shorter trips that don’t really need high performance.

Anything that reduces your mileage could reduce your premiums too.

Focus on security

Anything that makes your car more secure is likely to reduce your premiums. So if you’re keeping it on your driveway or in a locked garage overnight then your premiums may come down.

Security devices, like immobilisers or tracking systems, could cut the cost of your cover. They make it less likely the car will be stolen and increase the chance of a speedier recovery if it is.

Up the excess

One way to bring down the cost of insuring your sports car is to increase your excess – the amount you have to pay out of your own pocket before your insurer picks up the bill. This can be tempting, but it’s important to think about how much you can realistically afford to pay if you were involved in an accident.

Avoid modifications

Modifying your car is a very quick way to drive up the price of insuring it.

This is mostly because we have no way of checking how well the job’s been done or if it’s had any effect on the car’s safety features.

Modifications can also make a vehicle more expensive to repair and even more attractive to thieves and vandals.

Give us a call

Most of our customers can arrange their policies via our website, but if you’ve just bought a sports car then it’s a good idea to give us a call.

If your new car’s worth more than £50,000 then we’d rather you pick up the phone to discuss your insurance needs. The high value of your car doesn’t mean we don’t want to insure you – we just want to make sure you have the right kind of cover.

Our number is 03457 46 46 46^. We’re here Monday to Friday, 8am to 8pm; Saturdays, 8am to 5pm; and Sundays, 9am to 4pm.

^Call charges

Exclusions and limitations apply, please refer to policy documents for full details.

The Co‑operative car insurance is normally available to customers aged 17 to 75 years only.

Calls may be monitored or recorded for security and training purposes.

Applicants for insurance are subject to normal underwriting criteria.