Buying a sports car does not exempt you from taking out car insurance. Given the power and value of this type of vehicle, it is recommended to opt for solid warranties. Our advice for taking advantage of optimal sports car auto insurance.
What is sports car insurance?
A sports car can be defined as a vehicle with great driving performance, designed for speed, power and luxurious appearance. Its acquisition often implies a very high purchase price compared to a classic car.
Motorists, including those who own a sports car, have a legal obligation to insure their vehicle. To be valid, car insurance must cover material damage up to 457,000 euros and bodily injury without limit. The civil liability guarantee must be present in all auto insurance contracts. It covers damage caused to third parties when the liability of the insured is engaged following an accident, fire or explosion caused by his vehicle. However, the following are excluded: damage caused by the driver to himself and his vehicle, damage caused intentionally to others, damage caused in the context of professional activity.
Sports car auto insurance coverage
Very expensive to buy, sports cars are also exposed to high risks of theft or vandalism. Comprehensive car insurance is therefore recommended for this type of vehicle.
In concrete terms, motorists can choose from three main types of formulas:
Third-party car insurance
Third-party sports car auto insurance includes at least civil liability cover. Insurers sometimes include other coverages such as driver safety coverage or assistance services.
This formula is recommended for vehicles over 5 years old. In the event of a claim, the car will be reimbursed at the price of the Argus.
Intermediate car insurance
The extended third-party formula takes up the guarantees of third-party car insurance but with much broader coverage in the event of an accident. Indeed, it includes a glass breakage guarantee as well as storm and natural disaster guarantees.
Third-party car insurance may be suitable for drivers wishing to enhance the protection of their vehicle without paying a high price.
All-risk car insurance
If you have a sports car, it is in your best interest to take out all-risk car insurance. This formula provides numerous guarantees: civil liability guarantee, driver protection guarantee, legal protection guarantee following an accident, glass breakage guarantee, 0 km breakdown assistance.
In general, all-risk insurance is recommended for drivers with a new vehicle, owners of very modern cars, drivers with intensive use of their vehicle and driving long distances.
As you have understood, to avoid unpleasant surprises, it is best to take out all-risk car insurance for sports cars.
How much does sports car insurance cost?
Whatever your profile and the characteristics of your vehicle, it is important to study the price of your future car insurance. Insurers rely on many criteria to determine its cost:
Your driver profile: age, license seniority, region of residence, etc. ;
Your insurance history: claims, bonus-malus, terminated driver, etc.;
Use of the vehicle: nature of journeys made (private, professional, mixed), number of drivers;
The characteristics of the vehicle: value, age, category, power, engine;
The mode of parking;
The guarantees taken out and their terms of application.
Do you want to know the price of car insurance for sports cars? The use of a 100% online simulator will allow you to obtain an overview of the rates charged by insurers. Access to these rates is by completing a simple questionnaire.
What documents do I need to collect to take out car insurance?
Whether or not you have started your car insurance search, you can already gather the documents that will be required by the insurance company when subscribing:
The vehicle registration certificate
This document is mandatory to be able to travel in France. It includes in particular: the registration number of your vehicle, the model, the fiscal power, the version and its date of entry into service. This information is essential because it will help the insurer to fix the amount of the premium.
Your driver's license
Even if it may seem obvious, taking out car insurance necessarily involves providing a copy of your driver's license. Depending on the date it was obtained, the insurance company will be able to offer appropriate pricing.
Your insurance information statement
The information statement is provided by the previous insurer on simple request. To obtain it, all you have to do is make a request to the former insurer by providing your identity and the number of your insurance contract. This document is not to be provided by novice drivers who have not been insured before.
The information statement lists the history and previous claims of the insured. It also indicates its coefficient of reduction-increase or bonus-malus.
How to get sports car auto insurance quotes?
Want multiple sports car insurance quotes? Do not hesitate to use an online comparator. This free, non-binding tool searches for the best offers for you and only offers you those that match your criteria. For any question or request for information on one of the contracts offered, you can contact the insurer directly.
In general, before any subscription, it is advisable to play the competition by comparing the guarantees offered, the exclusions, the amount of the deductible and the contributions. At any time, you can ask to be called back free of charge by an advisor who will answer all your questions.
