You are young, under 25 years old. And have sports car. Perfect? Not yet. No matter how good you drive, protect your car (and your self, of course) by purchasing performance car insurance. But isn't it expensive? Yes, it is. Performance car insurance is commonly more expensive than standard vehicle insurance. And it will be more expensive if the insured is under 25 years old because they tend to be riskier to insure. But it doesn't mean that you can't get cheap insurance quote.
There are several way to get cheaper performance car insurance for youngster. Options number one, get comprehensive insurance. Comprehensive insurance will covers accidental damage to your car or another vehicle or property. Options number two, third party fire and theft. This insurance will only cover your car from fire and theft as well as damage to other vehicle or property. Options number three, third party insurance. It covers only damage to other vehicle or property. You can also listed as a driver on your parent's existing insurance plan to reduce the cost of premiums. But you have to make sure that you're aware of the policy's fine print. You need to understand exactly what it covers and the excess cost involved when you make a claim.
How can I reduce my premiums?
- Comparing. Don't hesitate to comparing prices between two or more insurance company. Get the best price as low as possible.
- If possible, choose a car in 'low-risk' category. The newer and modern your car, the higher premiums you have to pay.
- Install a black box in your car. Black box will monitors how you drive, the acceleration, braking, cornering and time of driving. You can get discount if you are proved to drive safely.
- You can also install a tracking device. These schemes can cut costs, especially if you don't drive at night (11 pm - 5 am).
- Park you car in garage. Keep your car in garage after driving as well as installing security alarm and/or immobilizer can reduce your premiums substantially.
Don't be reckless, drive safely, and be protected by performance car insurance.