1. Presented By You have got to read this.. The Awful Truth
About Buying A Sports Car Starr Auto Rentals
2. How much is my insurance? Youve just bought a sleek new car
that looks as good with you behind the wheel as it does just
sitting in your driveway. To protect your new baby, you call your
insurance agent to tell him the good news. Unfortunately, he tells
you his bad newsyour car insurance premiums are about to go up
dramatically because youve just bought a sports car. No waya
Corvette, a Porschethose are sports cars.
3. Reality Check Well, true as that may be, your agent tells
you by their definition, your new car is a sports car. And, with
that, you can expect to pay more for insurance. If its any
consolation, youre not alone. A lot of people buy a new car before
talking to their agent and then find out its considered a sports
car. While each insurer might differ slightly, as a whole, the car
insurance industrys broad description of what is considered a
sports car, tends to make the price of the car secondary to the
sticker shock when the premiums come due. Using a computation based
system for classifying cars, insurance companies take various
factors into consideration including:
4. Okay. Now What?
5. 5 Factors Insurance Companies Consider 1. Engine size -
Also, sometimes referred to as displacement, sports cars usually
have more powerful engines. Its not necessarily the overall visual
size of the engine that counts, as smaller 4 and 6-cylinder engines
are rated higher due to their high horsepower per cubic inch. 2.
Body size and style - Because most sports cars are smaller and have
two doors, this vague description by insurance company standards
puts a large percentage of American and foreign cars in the sports
car category even though they are not.
6. Safety 3. Safety features - Getting past the size
distinction that smaller cars equal sports cars, in this case, its
the lack of added safety features, such as multiple airbags and
wider crumple zones. Specifically designed to absorb most of the
impact in a crash, crumple zones minimize the force transmitted to
the driver and passenger. For this reason, sports cars are
considered to be a higher risk.
7. Convertible 4. Convertible - Often, when you think of a
sports car, you think of a convertible. Of course, thats ignoring
the fact that sports cars are also available in a coupe version
(hardtop version). Not all convertibles are sports carsand, not all
sports cars are convertibles.
8. Color 5. Color - Just thought wed throw this one in to
dispel any notion you had or youd heard over the years that color
matters in defining a sports car. It doesnt. Red wont make your car
any more a sports car than black, blue or pistachio green. This
myth has absolutely no bearing on your insurance premiumswhat you
drive does.
9. Cross-over Features Can Become an Expense Apparently, many
insurance companies are now determining the status of your car as a
sports car by accessing your vehicle identification number (VIN) to
see if it has related features. The problem is, as a result of
todays diverse options and available cross-over features that are
shared by other cars as well, the difference between a sports car
and non-sports car is a bit hazy.
10. Vehicle Identification Numbers Apparently, many insurance
companies are now determining the status of your car as a sports
car by accessing your vehicle identification number (VIN) to see if
it has related features. The problem is, as a result of todays
diverse options and available cross-over features that are shared
by other cars as well, the difference between a sports car and
non-sports car is a bit hazy.
11. Age Matters One factor is clear age matters. If youre a
mature driver and just bought a sports car, you can count on your
rates going up, but not as much as a younger drivers premiums.
12. Be Prepared Regardless of your driving record, a high
performance sports car in the hands of a 21 year- old is a proven
concern for insurance companies. So, be prepared for your agent to
present you with a matching high risk auto insurance policy.
13. Call Starr Auto Rentals Today 8964 National Blvd Los
Angeles, CA 90034 (310) 733-6201 [email protected]
