The type of car you drive is one of the factors that determine your auto insurance rates. For example, sports cars cost more to insure than family sedans because the former are usually driven at high speeds and they also tend to be more expensive to repair after an accident. However, you don't have to resign yourself to unbelievably high insurance rates for your sports car; the following tips will help you keep your rates reasonable:
Buy A Sports Car with A Good Safety History and Rating
Sports cars get a bad rap because, traditionally, they tend to be driven fast. Some drivers also give them a bad reputation by not being too careful on the road. Also, just like other cars, some sports cars have a bad reputation when it comes to safety ratings and crash ratings. On the other end of the scale, there are sports cars with stellar ratings and histories. Therefore, it's up to you to carry out the research and get a sports car that won't cost you an arm and a leg to insure. The websites of Consumer Reports and the Insurance Information Institute can be good places to start your research.
Make Your Car Unattractive for Thieves
It's not surprising that sports cars are thief magnets; after all, they can be stripped down and sold for considerable dollars since they (and their parts) are intrinsically expensive. Insurance companies know this, which is why they can reward you with rate discounts if you make your car difficult to steal. Here are some measures to help you in this respect:
Avoid Compounding Factors
There is no single factor that determines a car's insurance rates; multiple factors are taken into consideration. Even if you are driving the safest car in the world, you will still attract high insurance rates if you tend to get into accidents, drive while drunk, and don't always pay your premiums in time (maybe you even let your insurance coverage lapse one time). Imagine how much you will have to pay for coverage if you are driving a sports car and must deal with those other risks too; the compounding effect on your auto insurance rates can be staggering. Keep your driving history clean and your sports car insurance will likely be manageable, too.
As you can see, you don't have to shelve your sports car ambitions just because of high insurance rates. With careful planning and safe driving, you can drive the car of your dreams and insure it at reasonable rates. For more information on choosing an auto insurance company, like Oliveira Gilbert C Insurance Agency Inc.
Share18 May 2017
Hello, I'm Neil Boggs. I am crazy about riding motorcycles around town whenever I can. Since I live in a rainy city, I've been involved in more close calls than I'm comfortable admitting. Other drivers just don't seem to see motorcyclists despite having headlights on or loud exhaust pipes. Those close calls drove me to obtain a full coverage policy for my bike, even though it's not legally required in my city. In addition to medical coverage for myself and my passenger, I wanted all collision repairs covered in the event of an accident. I also elected to secure comprehensive coverage in the event of vandalism or theft damage or losses. I will discuss the various coverage types and amounts you can obtain for your motorcycle. I hope others will follow my lead and obtain full coverage to protect themselves from financial ruin after an accident or vandalism situation. Thanks.
