Owing to the nature of high performance cars, sports car insurance is usually agreed only as a comprehensive policy covering almost any eventuality including damage, injury, liability and legal costs.

By looking into how sports car insurance is calculated it demonstrates that many factors are involved in the final cost to the driver. Every car on the road has been given an insurance rating based on actuarial tables that have been calculated following certain guidelines which include how much power or bhp a car has against its weight and the cost of garage repairs and parts.

Although the driver's previous record is taken into account when assessing the sports car insurance risk, so is his (or hers) insurance claims record plus a number of other factors. Safety records for the vehicle are also looked at in addition to the car's ability to stop thieves and the location of where it will be parked on a regular basis. Even the drivers age, number of years driving, gender, profession and credit history can affect a sports car insurance premiums.

Speed, or rather inappropriate speed, is the cause of many driving accidents and since sports cars can go faster, insurance companies are keen to cover themselves by demanding higher sports car insurance premiums to sports car owners. Sports cars, high-performance vehicles and luxury cars also have the highest losses for vehicle damage. These cars are also the most likely to be caught up in a case of vehicle insurance fraud which is on the increase.

So from the driver's perspective, the best way to get a competitive sports car insurance rate is to locate specialist insurance companies and do the research. Otherwise, saving money on sports car insurance works in much the same way as saving money on any form of insurance, be a good driver and keep a clean record. Although many sports car insurance specialists may, in order to keep premiums down, restrict the number of miles you can drive in the vehicle every year and can make other stipulations especially if you have a poor driving record or are below a certain age.

They may stipulate that the car must be secured with an immobilizer, car alarm and steering lock. In some instances, they may even demand a vehicle tracking system be fitted. Fortunately in an effort to assist their customers, most sports car manufacturers have arranged their own sports car insurance plans which are usually competitive but they will usually only provide this if the owner does not have a poor driving record.

Often, a good way forward is to try and find a broker who only deals with sports car insurance and is experienced at dealing with claims and legal aspects. One important issue to bear in mind is that if there have been any engine or handling modifications to you vehicle, many insurance companies will probably decline your insurance application.