| Have you ever wondered why sports cars cost | | | | hot! So, even if you live out in the countryside |
| more to insure than other types of car - even | | | | with no one else around for miles, you will still be |
| when the purchase price of the sports car is less | | | | seen as driving an extremely high risk car when it |
| expensive? If so, the following are the main | | | | comes to car theft. With increased risk, comes an |
| reasons why this is the case. | | | | increased premium! |
| Car Insurance Group Categories | | | | Accidents |
| While many of the factors that determine the | | | | Insurance companies are not charities - they're in |
| make-up of car insurance quotes are not known, | | | | the business to make money. As such, they keep |
| what is known is that insurance companies 'group' | | | | vast amounts of data and part of that data tells |
| certain types of cars into categories. For this | | | | them that if you drive a sports car there is an |
| purposes, insurance companies have groups | | | | increased risk you'll be in an accident and that the |
| ranging from 1 through to 20. Group 1 is the least | | | | accident will be more serious (and costly) than if |
| expensive type of car to insure. Group 20 is the | | | | you were driving a regular car. As such, the |
| most expensive type of car to insure. So, if you | | | | premium charge is going to be higher. |
| buy a Fiat Panda, you'll be classed a Group 1 car | | | | Under 30? |
| driver. Buy a sports car, any sports car, and you | | | | Unless you have just won the Lottery, if you are |
| are looking at being classed a Group 15 and above | | | | under 30 there are no appealing factors when it |
| driver. Buy a performance sports car, such as a | | | | comes to insuring a sports car. Not only do the |
| Porsche 911, and you'll definitely be Group 20 | | | | insurance company see the car you drive as |
| driver! | | | | being a high risk car to insure, but you as the |
| Theft | | | | driver are far more risky to insure as well. |
| Over 2 million car crimes happen in the UK each | | | | Consequently, car insurance premiums for those |
| and every year. Aside from popular model cars, | | | | 30 years of age or under, driving sports cars, is |
| such a Ford, the biggest car crime category is | | | | probably the highest of all types of car insurance |
| sports cars! Have a soft-top convertible sports | | | | available in the UK today. |
| car, and the chances of it being stolen are red | | | | |