When only bankrollers can afford them, there are people for whom buying sports car always a dream! However, owing to the sky-high cost of one, people think for several times before purchasing one as it is a lifetime affair and you can’t take any risk.
So, if you are planning to purchase one, you can’t avoid the possible risk factors associated with it. While these cars perform exceptionally well, their maintenance is equally expensive. Even a small damage may cost in lakhs and cause you a huge monetary drain. But even these cars can be covered by car insurance which takes care of all unplanned expenses related to your sports car.
In this article, we will discuss how you can cover your prized possession with a car insurance plan. But before going to the insurance plans, let’s have a look at some of the sports cars that are trending in the market.
Top Indian car insurance companies offer a great coverage for these luxury cars. So, from now on, you need not worry about the safety of your car. These cars covered by a larger insurance plan. As per the data, 50 motor insurance groups have segregated various car models into categories such as sedan, hatchback, sports car etc. In case your car falls under a higher car group, the insurance designed for this car would be more expensive. As sports cars come under top car groups, it ensures a larger insurance coverage.
Many car models from the same manufacturer can fall in the same car group. For instance, 10 of Porsche’s models come under the Group 50 while Mercedes races in with 22 models.
At the time of offering insurance, the insurer considers the price of the car, charges that may be incurred in repairs, cost of the spare parts, etc. and calculates the premium accordingly. Also, in some cases, they may check if your car has the needed safety features or not. Hence, ensure that your luxury asset has basic safety features.
Cars are a very special asset. It is more precious when it is a sports car. You invest a huge portion of your hard-earned money in buying one. So, protecting it from every eventuality is your responsibility. By investing a small portion in car insurance, you can safeguard your asset. At the same time, you shouldn’t rush to a conclusion. Take your time, look around, and then buy one. With an informed decision, you can not only get the best deal but also enjoy rewarding insurance services.
We hope this article clears your doubt about whether to take insurance for a sports car or not. Hence, whenever you plan to take home your prized possession, consider buying a sufficient risk cover to protect it!
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