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What Sports Car Lovers Need to Know About Car Insurance?

Published On Mar 29, 2021

Things every sports car owner should know before buying car insurance.

The sports cars belong to a different league when compared to normal cars. They have costly spare parts and even their basic servicing is hard to afford. Therefore, in several cases applying the same trick to buy a car insurance plan for a sports car and a normal car may not help. So, this article will list some top points which you must know to insure your sports car smoothly.

What Sports Car Lovers Need to Know About Car Insurance?

Things to Know Before Buying Car Insurance

The list includes:

1. Legal Compliance

The law to own at least a third party car insurance while driving the car as a compulsion applies to the sports car in a similar manner as it applies to a normal car. Also, just like in the normal car scenario, it is recommended to opt for a comprehensive plan for extensive coverage and to renew the policy before the expiry date. 

2. Pick Economical Policy 

The car insurance for sports cars are costlier than the policy for normal cars as the cost of a sports car is more than that of an average car. Due to this, the Insured Declared Value (IDV) of the sports car is always higher that also increases its premium which is more than normal cars. Hence, it is advised to opt for an optimum cover that is economical yet able to cover your damages.

3. Opt for Reasonable Coverage 

As the policy coverage for sports cars is expensive, hence, you should opt for suitable coverage for it. With a comprehensive plan even if it gets badly damaged or suffers a total loss, its loss can be covered which otherwise will have to be paid by you from your pocket. While opting for coverage, purchasing suitable add-on covers are also important. As the add-on covers come with an additional cost, you must opt for only the required covers which may include zero depreciation, roadside assistance, return to invoice, etc. 

4. Look for Discounts 

Getting a car insurance plan at a discounted rate is always good, but when its price is already high, looking for a discount becomes essential. However, you must try to pick different options to gain discounts on the policy premium such as insuring your sports car with ARAI certified anti-theft devices, which will not only safeguard your car but also enable you to get a discount on the premium. You can also become a member of the Automobile Association of India to get a discount on the premium. 

5. Compare and Purchase 

You should choose a policy after making a thorough comparison of different insurance companies. Some might offer some plans while some may not. But to find the most suitable plan while purchasing new car insurance or renewing your old policy, you can search on insurance aggregator websites or can visit the website of your preferred insurer. This will help you find the most ideal and credible car insurance policy. 


With this approach, we hope you will be able to find a car insurance plan that is completely suitable for your sports car.

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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