As we all know sports car is more expensive to insure than a normal sedan car but, there are some ways where you can lower your car insurance premium.
Why is sports car insurance expensive?
The insurer considers vehicle technical statistics and practical performance to ensure the value of the insurance policy. Companies set the premium rate in taking ample risk assumptions. Some of the reasons why sports car insurance is expensive
- The risk involved in a sports car, the insurance company presumes sports car as a greater risk influence vehicle in terms of an accident.
- Expensively replacing and repair the car parts in case of an accident, in turn, increases the premium cost.
- Young drivers are captivated by sports cars in India, habitually young drivers are prone to risk driving. Young drivers with brand sporty cars behind the wheels tend to a higher premium.
- Likely to be a target for the thieves and vandalism, in order to compensate the replacement/ repair cost insurance premium is higher. Low car recovery cases in India also boost the insurance premium. In Delhi, car theft cases in 2012 are 4,538 out of which 709 only recovered.
Is a sports car insurance policy different?
The distinction may vary in terms of premium and coverage limit, you need extra coverage for your car for optimum claim settlement. Comprehensive coverage secures from theft, vandalism, and other damages from natural calamities. In bumper-to-bumper coverage, you avail a full claim in case of car damage.
Check for the right car insurance companies specialize in handling car insurance, these insurers are experts in ensuring the right policy in case of any loss or damage
Save premium on your sports car insurance
Lower your km’s: Your sports car needs to lower the overall km’s driven to avail low premium, your driving capability reflects your premium, the higher you drive; the higher the risk involved.
Modification: This directly reflects your car insurance premium, avoid modifications to your car to lower your insurance premium. Periodically, your premium will be void if you make modifications without any pre-intimation.
Security features: Enhancing your car secured system with immobilizers, and Anti-theft locking system or a tracking system lowers your car insurance policy.
Maximize your deductible.
A low credit score will decrease your insurance premium.
Car insurance policy is a vital aspect of the sports car, ensure that you purchased the right policy. PolicyBachat.com is the right choice to get the car insurance policy online, compare car insurance quotes from specialized sports car insurance companies.
Types insurance policies
In a major, there are 3 types of car insurance policies where a policyholder can claim from carriers.
- Third-party cover: Policyholder subject matter to raise a claim against the property damage caused to the third party, third party damage includes third party injury/death and third party liabilities property total loss.
- Own damage: Damage caused due to an accident can get claimed by the general insurance company. The claim bonus amount may vary depends on the policy you choose. A comprehensive insurance policy protects you from damages caused due to floods, earthquakes, theft, riots, terrorist attack, and other natural calamities.
- Personal accident cover: This coverage is helpful for the policyholder in case of an accident while you are in drive. All medical expenses and the expenses incurred for surgeries, hospital charges will be claimed by the policyholder.
Get a bumper-to-bumper add-on to include in an insurance policy for your brand new, compare car insurance price quotes from unbiased web aggregators online, and opt for the right insurance policy with a lesser premium quote.
How to get the lowest premium for Sports Car
PolicyBachat provides you the best competing car insurance plan for your car. We compare the quotes from the top 20 insurance companies, you can take the right policy which provides the best deals. Premium is considered according to the variables included in it if you avail more add-ons your insurance premium will increase. Due to the increase in slab rate for the insurance category insurance cost in India is higher at 18%.
Get the bumper-to-bumper insurance plan if you need extensive coverage at the time of claim settlement. A comprehensive insurance policy with recommended car insurance add on covers to minimize your insurance premium amount.
Car insurance premium calculator is the ultimate tool provide by insurance companies. Every insurance company provides calculates car insurance quotes online. To know the exact premium on protect your vehicle fill out the mandatory fields about the vehicle and policy on the car insurance calculator page.
Policyholders are in hesitation that, “are the premium paid for the right policy?” A policyholder can clarify their doubts by comparing the list of car insurance premiums. Apparently, a car insurance calculator is a valuable tool for every policyholder to configure the exact plan for their need.
With this online car insurance calculator buyers do not need to guess the premium amount, can evaluate policy through specifications, and buy the best insurance policy. An insurance calculator is useful to know the insurance cover limits, deductibles for the premium.
Policybachat provides services on health insurance, life insurance,etc Need Help? call Policy Bachat at 1800-123-4006 or 1800-123-4003 and our insurance specialist will be there to assist you.