Your RTO details
RTO name
Code
City
Address
Pincode
Contact No.
  • City & RTO
  • Car Brand
  • Car Model
  • Car Fuel Type
  • Car Variant
  • Registration Year
Looking for Car Insurance?
Get Car Insurance starting at only 2094/year #
Compare & Save upto 85%* on Car Insurance
  • Renew policy in 2 minutes*

  • 21+ Insurers to choose

  • 1.2Cr+ Vehicles Insured

Processing
    Other models
    Other variants
    Select your variant
    View all variants
      Secure
      We don’t spam
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      Factors to Consider Before Buying Sports Car Insurance

      Owning a sports car is a dream for many people. People drool over the amazing looks and excellent performance of a sports car and only a few make it to buy one. If you're one of the fancy sports car owners, you must consider the following factors before buying car insurance.

      Read more

      As much as a sports car offer style and comfort- its greatness comes at a price. After spending crores on a car, you can anticipate that even a dent or scratch on your car will cost you lakhs. You can protect your car against any unforeseen damage by purchasing a comprehensive car insurance plan

      Factors to Consider Before Buying Sports Car Insurance

      The below-mentioned factors will help you make an informed decision and help you have a smooth ride on the road in your favourite sports car:

      1. Mandatory Car Insurance

      It is important to buy a car insurance policy in India for every car owner. Even if you own a sports car you must buy third-party car insurance as per the Motor Vehicles Act 1988. However, due to its limited protection. i.e. third-party liability coverage, it is advisable to go for a comprehensive car insurance plan. A comprehensive car insurance plan provides coverage for both third-party damage and own damage. 

      Also, remember that a car insurance plan is time-bound. This means it has an expiry date that is why it is your responsibility as a car owner to renew your insurance before the expiry date. You need to understand the importance of the policy because a lapsed policy will be of no use to you.

      2. Premium is Expensive 

      Buying a car insurance policy for a sports car is expensive. The reason is the sports car costs higher than an average car. Also, because of the same reason, The Insured Declared Value is higher. These 2 factors make the premium for sports car insurance expensive. Remember that a sports car comes with excellent performance and comfort as compared to an average car- the maintenance for the same will be higher in comparison.

      3. The Correct Way of Buying

      It is better if you search for the available insurance providers online instead of any offline method. You can take help from third-party broker websites like Policybazaar* to search about the insurers as well as the plans made especially for the sports car.

      In case you are unable to find the plan for your sports car, you can contact the insurance provider and ask for the customization for your car.

      At the time of purchase, the insurer will do the inspection of your sports car to determine the IDV and the premium rate.

      4. Anti-theft Devices

      A sports car comes with the devices and accessories that make it an expensive sports car. You must secure your car with ARAI (Automotive Research Association of India) certified anti-theft devices. This will lead to a lesser premium amount as the insurance providers perceive it as an act of safety measure to prevent car theft without the policy.

      5. Comparison of Car Insurance Plan

      Just as buying a car is important for you, customizing the cover seats and interior is important for you - buying car insurance should also be important to you. You cannot just go out and within few clicks get a car insurance plan without a comparison. It will be a foolish act as a car owner. 

      You must compare car insurance online before buying a new plan or at the time of renewal. The dynamic comparison online will let you make an informed decision based on your needs and future requirements.

      The Final Word

      Just because you own a sports car does not mean you can break the traffic rules. Yes, it does sound amazing to break rules sometimes but remember you are a responsible citizen before becoming an owner of the sports car. Also, you wouldn't want to incur losses due to the damage to your sports car that is why it is a must to buy the best car insurance to insure your car.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Save upto 85% on Car Insurance
      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
       Why buy from policybazaar

      Car insurance articles

      • Recent Article
      • Popular Articles
      21 May 2024

      Get Faster Claim Settlement with Policybazaar Claim...

      Getting your car insurance claim settled is no longer a hassle

      Read more
      17 Apr 2024

      Understand the Nitty-Gritty of Car Insurance Policy...

      Have you recently purchased a car insurance policy for your new

      Read more
      22 Feb 2024

      IDV in Car Insurance

      In layman's terms, the IDV full form is the Insured Declared Value

      Read more
      31 Jan 2024

      Must-Have Car Insurance Addons for Brand New Cars

      Investing in a full-coverage car insurance policy is essential for

      Read more
      29 Jan 2024

      No Claim Bonus (NCB) in Car Insurance

      No Claim Bonus (NCB) is a reward given by an insurer to a

      Read more
      11 Aug 2021

      How to Check Car/Vehicle Insurance Status Online

      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your vehicle must

      Read more
      20 Jun 2019

      Getting Your Duplicate Car Insurance Policy is...

      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your

      Read more
      20 Dec 2021

      How To Find Car Insurance Details By Registration Number

      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access

      Read more
      03 Jun 2016

      How to Transfer Car Insurance Policy?

      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer

      Read more
      20 Jul 2017

      Comprehensive Insurance Vs Third Party Insurance

      Comprehensive car insurance offers protection to the insured car against third-party liabilities and own damages due

      Read more

      #Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc

      *Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.

      top
      View Plans
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL