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Points to Consider Before Purchasing Sports Car Insurance

Published On Aug 16, 2021, Updated On Aug 18, 2021

Here are some points that you should keep in mind before buying sports car insurance to make an informed decision and help you enjoy a smooth ride.

Many people dream to own a sports car someday. Some may fall for its looks while many get to drool over with its performance, but only a few actually purchase it. If you are planning to buy a sports car, you should consider some factors before purchasing its car insurance, as it is mandatory to carry insurance while riding it. Since the purchase of a sports car is a costly affair, therefore, you must try to protect it from different sorts of unforeseen damages or losses by buying a car insurance policy. So, let’s dig into significant points required to pick the right car insurance for your sports car.

Points to Consider Before Purchasing Sports Car Insurance

Tips To Consider Before Purchasing Sports Car Insurance

The points that you must look through while buying car insurance for a sports car are more or less the same as for any other car. Since the sports car is expensive and could sustain higher damage due to a mishap. Here are some factors that will help you find the right and suitable car insurance for your sports car:

1. Compulsory Insurance

To own at least a third-party car insurance is a compulsion for every car owner whether you own a sports car or a standard car, as per the Motor Vehicles Act 1988. However, due to the limited coverage of third-party cover, it is recommended to buy a comprehensive car insurance policy as it provides cover for both third-party damage and own-damage. Hence, you should opt for holistic protection for your sports car with long term comprehensive car insurance to avoid troubles related to its renewal every year.

2. Premium is Expensive

It will be expensive to buy a car insurance plan for your sports car. The cost of a sports car is much higher than a standard car, hence, its repair expenses will also be higher which increases the burden of the insurance company due to which premium and IDV gets higher. These components make sports car insurance costlier than insurance for an average car. You should pick a policy keeping the IDV and premium in mind so that you can easily afford the plan.

You may also like to read:- How to Cancel A Car Insurance Policy and Receive A Refund?  

3. Right Way to Purchase

Searching for car insurance providers online is always better than looking for insurers and plans offline. You can seek assistance from some renowned insurance broker websites such as InsuranceDekho to find an apt policy for your sports car. If you still could not pick an appropriate plan, you can get in touch with the insurance company to ask for some personalised plans.

4. Anti-Theft Devices

A sports car is costly due to which it needs to be protected with accessories and anti-theft devices to save yourself from unbearable expenses. It is suggested to secure your sports car with ARAI (Automotive Research Association of India) authorised anti-theft devices. This will lessen your car insurance premium in addition to providing protection as security instruments will reduce the chances of loss by serving as an act of safety measure to prevent car theft that ultimately mitigates the burden from insurance companies.

5. Compare Policy Quotes

Just like you buy a car after comparing different models available in the market based on different features, similarly, you should pick car insurance after comparing different policy quotes shown as per your budget and requirements. You should never purchase a car insurance policy without making a comparison either at the time of purchase or renewal. The online thorough comparison will help you make informed decisions as per your future requirements.

Also Read:- All About Car Insurance Frauds In India 


No matter how costly a sports car you drive, you should adhere to traffic rules. In order to follow the rules, you should buy car insurance cover. Since the purchase of car insurance is a compulsion, you must keep some important factors in mind to get the best one for your car. Here in this article, we have listed some points following which you could get a suitable plan for you.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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