Background Information
A high performance auto means: Having above average payments on vehicle insurance.
So, whether are just contemplating on buying one or you already have one - take notice, because if you've possess true savvy, even paying extra should be substantially less than the typical muscle car driver.
Below you will find information that is invaluable to you.
Understanding Perceived Risk
The majority of insurance carriers presume performance or muscle vehicles will be driven at elevated speeds.These same insurance carriers also believe they will be driven on dangerous roads - since performance tuning is what it's all about.
The mixture of elevated speed and dangerous roads...obviously...leads to more car accidents. Another perceived risk for a vehicle is modification.
When cars are modified, they can not be classified in typical test nor measures tables, making it difficult to correctly analyze how a person might survive in the event of a crash...risk, risk, risk.
Original parts for performance cars are expensive. Aftermarket parts are both expensive and often untested...and this adds further to risk.
The bottom line - Performance vehicles are generally placed in the "often wrecked and expensive to repair" category. Hence, they are a high perceived risk to the insurance company.
And the rest is simple...higher risk translates to higher insurance cost for the typical performance car owner.
Car Insurance Performance - How to Save Money
What are some good ways to save cash now that you comprehend the fundamentals of auto insurance for performance buggies? Check out the suggestions below.- Engine immobilizers will lower rates.
- Parking in a secured garage will reduce premiums with most insurance companies.
- Insurers whose fortes are auto clubs and aficionado associations will quite often give rate reductions to members.
- You will hit pay dirt on low-mileage reduction rates for if you control the urge to constantly go joy riding to show off that muscle car! For that price advantage, you must meet the criteria for a low-mileage or collector car policy (most restrictions are approximately 10,000 miles annually.)
- Remember that specialty insurers put a priority on an excellent driving record so be sure to avoid speeding tickets at all cost.
So, in summary...driving a prestige vehicle may be heart pounding and soul tingling, but insuring that elite ride can be hard on the pocket. However, savvy insurance buying can minimize your costs and put you back in performance car heaven.
Joe Goodman is the creator of Car Insurance Performance [http://carinsuranceperformance.com], an info-rich website that discusses how to find auto insurance that is right for you & your car...at the fairest possible price.
For more detailed info on insurance for performance cars, visit us on the web Car Insurance Performance [http://carinsuranceperformance.com].
Article Source: http://EzineArticles.com/expert/Joe_Goodman/435668
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