If you have a luxury car, then you must buy insurance for it. Due to its high risk, buying affordable, high-performance vehicle insurance is a good step.
But finding the best car insurance is like finding a needle in sand. Many sports car owners like you are struggling with finding the best car insurance.
We understand that you must be busy with your business; that’s why we came up with this blog post to solve all your frustrations.
After reading this blog, you will know what to consider before buying performance car insurance.
You will also know some of the best and cheapest car insurances. So without wasting your precious time, let’s explore together.
What is High Performance Vehicle Insurance?
High-performance vehicle insurance is a specialized coverage designed for cars that boast superior speed, power, and handling capabilities.
These aren’t your average daily drivers; we’re talking about vehicles like sports cars, supercars, and certain luxury models that can go from 0 to 60 mph in the blink of an eye.
Insurers often categorize these vehicles based on factors such as:
Engine power and acceleration
The more horsepower, the higher the risk. So this means if your car has a more powerful engine, it will cost you more to insure it.
Top speed and handling
If you have modified your car for high speed and more handling capabilities, then it has a high chance of getting damaged. Why? Because you will speed it up, that will increase its accident chances.
Market value and repair costs
If you have repaid or replaced some parts which have higher value in the market. Then it will definitely cost more to repair them when you damage them. That’s why its insurance premiums go up.
Theft rates
High-performance cars are often prime targets for theft. So that’s why many luxury car insurers have high costs for them.
But remember, all luxury cars come with premium insurance. As the saying goes, “You have to pay to play.”
You may also like to read: DIY Turbo Installation Guide: Step-by-Step for Beginners in 2025
Things to consider When Buying High Performance Car Insurance
High-performance cars are built for speed, style, and status. But remember, all this comes with a price, especially in the form of high insurance.
But not all high-performance vehicle insurances are suitable for you. Even the cheapest ones. As there are many factors and variables involved from model to model.
So keep in mind the following things before signing up for any sports car insurance:
1. Know What Counts as a High-Performance Vehicle
Insurance companies don’t just look at the car’s brand. They consider
- Horsepower & Engine Size—More power = more risk in their eyes.
- Top Speed & Acceleration—Sports cars that go 0–60 mph in seconds often mean higher premiums.
- Modifications—turbochargers, lowered suspensions, or custom parts, can all hike up your rates.
Tip: Check with your insurer if your car falls under this category, even if it doesn’t “look” like a supercar.
2. Expect Higher Premiums
High performance = high cost. These cars are riskier to insure due to
- Increased chances of theft or accidents.
- Expensive replacement parts.
- Higher repair costs due to specialized labor.
Also, high-performance car insurance can cost upwards of $2,000 annually, sometimes double that of standard vehicles.
Pro tip: It’s wise to get quotes from multiple providers before deciding.
3. Look for Specialized Insurance Providers
Not all insurance companies handle high-performance cars well. Some may:
- Offer limited coverage.
- Exclude certain modifications.
- Provide poor claims service for high-end vehicles.
Search for insurers who specialize in exotic, sports, or luxury cars. They usually offer custom packages tailored to your needs.
4. Check Coverage Options Beyond Basics
Don’t just settle for liability. You might need:
- Agreed Value Coverage – Get paid a pre-agreed amount if your car is totaled.
- Comprehensive & Collision – Covers theft, vandalism, and road accidents.
- Track Day Coverage – If you ever hit the racetrack, this is a must-have.
But be careful and avoid any damage to your exotic car .
5. Be Honest About Modifications
Trying to save money by hiding mods? It might cost you later.
- Always disclose performance upgrades, visual changes, or custom parts.
- Failure to do so could lead to denied claims or canceled policies.
But always be transparent about your car. Always tell the insurer about a minor modification as well to reduce future risks.
6. Consider Usage-Based or Limited Mileage Policies
If you only drive your high-performance vehicle occasionally (like weekends or summer drives), you may qualify for:
- Low-mileage discounts
- Pay-as-you-drive coverage
- Storage discounts (for cars stored during winter)
These factors can reduce the price of any exotic car insurance.
7. Explore Discounts and Savings
Even with an expensive car, you can still save. Look into:
- Bundling Policies (home + auto)
- Installing Advanced Anti-Theft Systems
- Taking a Defensive Driving Course
- Maintaining a Clean Driving Record
According to The Sun, adding a good security system can cut premiums by 10% or more.
8. Always Read the Fine Print
Before you sign:
- Understand what’s covered—and what’s not.
- Look out for mileage limits, usage restrictions, and conditions for claims.
- Ask questions until you’re 100% clear.
Also read: Vehicle Lighting and Electrical Systems: A Complete Beginner’s Guide
List of Cars with High insurance Rates
The following is the list of those luxury cars that come with high insurance rates in the world.
However, go through them and find out exotic car insurance for your luxury car:
1. Maserati Quattroporte
- Average Annual Premium: $7,090
- Why It’s Expensive: This luxury sedan combines high-speed capabilities with costly parts and repairs, leading to substantial insurance costs.
2. BMW M8 Gran Coupe
- Average Annual Premium: $5,985
- Why It’s Expensive: The M8’s powerful engine and high-end features increase both its value and the cost to insure.
3. Porsche Taycan Turbo S
- Average Annual Premium: $5,073
- Why It’s Expensive: As an electric sports car, the Taycan’s advanced technology and performance contribute to higher insurance rates.
4. Tesla Model S Plaid
- Average Annual Premium: $4,956
- Why It’s Expensive: The Model S Plaid’s cutting-edge technology and high repair costs make it one of the most expensive Teslas to insure.
5. Audi RS7
- Average Annual Premium: $5,792
- Why It’s Expensive: The RS7’s combination of luxury and performance results in higher repair costs and insurance premiums.
6. Mercedes-Benz AMG GT
- Average Annual Premium: $5,211
- Why It’s Expensive: This high-performance vehicle’s powerful engine and luxury status contribute to its elevated insurance costs.
7. Nissan GT-R
- Average Annual Premium: $5,637
- Why It’s Expensive: Known for its speed and performance, the GT-R’s repair costs and risk factors lead to higher premiums.
8. Audi e-tron GT
- Average Annual Premium: $5,528
- Why It’s Expensive: As an electric vehicle with advanced features, the e-tron GT incurs higher insurance due to repair complexities.
9. BMW i7
- Average Annual Premium: $5,480
- Why It’s Expensive: The i7’s luxury electric design and high-tech components contribute to its substantial insurance costs.
10. Porsche 911 Turbo
- Average Annual Premium: $5,373
- Why It’s Expensive: The 911 Turbo’s performance capabilities and expensive parts make it costly to insure.
We hope you have found your car up there, but if you are still confused. Then consult with insurance professionals. They will guide you and give you some potential premiums.
Also read: 7 Key Signs Your Turbo Needs Replacement
Affordable High-Performance Car Insurance Providers
Although almost all high-performance cars come with high insurance premiums. Why?
Because of their high repair costs and theft risks.
But certain high-performance vehicle insurance providers provide competitive rates and specialized coverage.
However, after doing the research, we found the following insurers in both the U.S.A. and the U.K. that provide competitive performance car insurance.
1. State Farm
State Farm offers some of the lowest premiums for high-performance vehicles. For instance, insuring a Camaro ZL1 averages $2,214 annually .
Pros
- Competitive rates for sports cars like the Dodge Challenger SRT Super Stock.
- Strong customer service and nationwide availability.
2. Progressive
Progressive provides affordable full coverage for performance cars, averaging $215 per month .
Pros
- The Snapshot program rewards safe driving habits.
- Multi-policy discounts available.
3. Nationwide
Known for competitive rates on high-end sports cars, such as the Porsche 911, with premiums around $1,411 annually .
Pros
- Offers a range of discounts, including multi-car and safe driver.
- Strong financial stability and customer satisfaction ratings.
4. USAA
If you’re a military member or family, USAA offers some of the lowest rates, like $1,656 annually for a Ford Mustang .
Pros
- Exceptional customer service.
- Comprehensive coverage options tailored to military lifestyles
5. Safely Insured
Specializes in performance car insurance, offering competitive premiums and covering modifications .
Pros
- ‘Like for Like’ modifications covered.
- Limited mileage discounts available.
6. Policywave
Provides tailored policies for high-performance cars, considering factors like limited mileage and second vehicles .
- Discounts for limited mileage and second cars.
- Covers a wide range of performance vehicles.
7. Performance Direct
Offers over 100 schemes for performance car insurance with benefits like uninsured driver protection .
Pros
- 24-hour claims service.
- Second car discounts and UK-based call centres.
8. Keith Michaels
Specializes in high-performance and modified car insurance, offering discounts for reduced mileage and secure parking .
Pros
- Covers a wide range of performance and imported vehicles.
- Tailored policies for enthusiasts.
Also Read: Real Reasons That Show Why Porsche Electric Vehicles Are So Heavy?
Tips to Lower Your High-Performance Car Insurance Premiums
High-performance car insurance doesn’t have to cost an arm and a leg. While fast cars usually come with higher premiums, there are smart ways to cut costs and still get great performance vehicle coverage.
Here’s what you can do:
Limit How Much You Drive
If you don’t drive your car daily, let your insurer know. High-performance car coverage can be cheaper if your mileage is low. Some companies offer sports car insurance discounts just for that.
Install Safety Features
Got an alarm, tracker, or immobilizer? Add it! More security means less risk—and that could mean lower performance vehicle policy costs.
Take a Driving Course
Defensive driving classes or advanced driving courses can make you look safer to insurers. It’s an easy way to score affordable sports car insurance.
Bundle Your Insurance
Got home or life insurance? Bundle it with your car policy. Many companies offer multi-policy discounts, even on high-performance car insurance.
Compare Quotes Regularly
Don’t stick with the first quote you get. Use comparison tools like:
- TheZebra.com or
- ComparetheMarket.com.
Prices vary, and you might find better sports car coverage rates elsewhere.
Use a Specialist Provider
Some insurers are experts in performance vehicle policies. They understand your car better and might offer more flexible, affordable plans.
So this means exotic cars come with premium insurance, but you can lower them down with the above tips. Although these steps look small and minor, they can have a huge impact on your car insurance premiums.
Also read: 10 Jet Fuel Efficiency Tips You’ll Actually Want to Use
Conclusion
So we believe that you have got some understanding about your high-performance vehicle insurance. Now you can confidently sign up for any car insurance without having any doubt or confusion in mind.
But our personal advice is to drive safely, as you are not driving a car. Instead, you are driving for your luxury, status, and comfort. And if you damage it, you will lose all these.
However , if you want to buy another luxury car or want to sell yours. Then visit our site to explore luxury car reviews as well as some fantastic luxury car listings.
Also contact us today to sell your sports car with peace of mind.
FAQs
What insurance is best for a vehicle?
Full coverage insurance (comprehensive + collision) is best, especially for valuable or new vehicles.
What is PCV in car insurance?
PCV stands for Public Carriage Vehicle. It means insurance for vehicles like taxis or minibuses used to carry passengers for hire.
Q: Who will insure a Lamborghini?
Speciality insurers like Hagerty, State Farm, or Progressive offer coverage for exotic cars like Lamborghinis.
Q: How can I find the best insurance for luxury cars?
Compare quotes from specialist providers and use tools like TheZebra.com or CompareTheMarket.com.
Are there specific requirements for insuring high-performance cars?
Yes, insurers may require tracking devices, garage storage, or limited mileage for performance car policies.