There is a myth going around that if you want to get the cheapest high performance car insurance, then you are way out of luck. This may seem true on the syrface to many people who do not know how to work the system and get the best deals for themselves, but for anybody who is willing to pay attention and get their high performance car insurance policy the right way, a lot of money can be saved. How much money? My friend owns a Mazda Miata, which if you don’t know is a high performance roadster, and following this advice she managed to save almost two thousand dollars on her one year car insurance premium. No, that was not a typo. Two thousand dollars. So can you.

The first step is for you to realize that every little bit counts. So what if some effort will only end up saving you ten dollars a month on your auto insurance premium? That’s a hundred and twenty dollars a year. Most people would kill to save that much. You are not stooping, you are saving. If you don’t put any effort into this, then cheapest high performance auto insurance is going to be out of your reach.

But I’m making this sound hard. It isn’t.

• Let your baby catch a breather.

When you get a high performance car, it is often the mechanical love of your life. Many people dream about having such cars from the time when they were teenagers, and only realize their dreams later in life. So don’t overdo it. You can save a lot of money every year by just keeping your mileage low. Remember that in most areas, it is not necessary to drive your car all day every day to get where you need to go. You have options, even if you don’t have access to public transportation. I live in Houston, Texas, which is the epitome of urban sprawl, and considering that I live in the suburbs, most people would say that it is impossible to survive without a car. Granted, I do have a car, but I manage to survive hardly ever using it. How do I do it?

• Walk, ride, run.

My husband’s job is only five to ten minutes away from our apartment when he drives. He’s been trying to get more in shape, so we decided that one way that we could cut costs on gas and save money on our high performance auto insurance coverage is if he rode a bike to work. So we bought a bike for about fifty bucks and he rides to work most days unless he’s completely exhausted. It only takes him about twenty five minutes, and he gets the cardio and fresh air that he needs.

The original fifty dollar investment for the bike has paid us back several times over. So far, we have saved several hundred dollars just on gas and insurance.

• Take the bus.

A lot of people hate taking the bus for some reason, and I really don’t understand that. Yes, it’s true that some people on the bus are weird, and that it takes a long time. However, if you want to, then you can make it work. I like taking the bus places, because it gives me time to think, or read a book or the newspaper. In my busy life, stuff like that often gets left behind when it shouldn’t.

Even if you live in the suburbs, this can usually be done. What I do is drive my car to the park and ride, which is about five minutes away, and then take the bus to my destination, be it a job interview or a museum or a movie theater.

• Carpool!

Yeah, you like your privacy. But you get that when you come home from work, so it doesn’t hurt to share your commute with somebody else. Even if you haven’t carted your friends places or hitched a ride from someone since you were in high school, it isn’t as bad as you might think. Some insurance companies even offer discounts to people who take the bus or car pool, and you can save money by getting rides to work from co workers and then returning the favor every once in a while.

All of this comes down to cutting down your mileage use, which can be done by anybody. Even you.

Reader question:

I really only use my high performance car insurance coverage in the summertime. Does it have to be insured while it’s in storage.

Good question.

The answer is yes, if you want to protect your vehicle. While it isn’t likely that your car will need its collision insurance while it is in the garage, what it will need is comprehensive insuranc to protect it against fires, natural disasters, and thefts. Considering that high performance cars are often high up on the theft list, this is the most important type of coverage. If you do not want to pay for full car insurance coverage while your high performance vehicle is in storage, most car insurance companies will strike a deal with you in order to get you only comprehensive and then just leave off the other types of coverage except for in the summer.

Some states require that you have liability high performance car insurance even if your vehicle is in storage, though, so in those cases you will not be able to just scale back. Even in these states there are often exceptions, however. If you only use your car during a certain time of year, you may be able to file a form with your state department of motor vehicles so that you can be excused from paying for car insurace coverage while you are not using your car.

Cheers,

Fashun Guadarrama.

Reader question:

I have a high performance car. How do I get a low cost insurance price with it?

Great question.

Most people perceive high performance car insurance as an extremely expensive cost, but it doesn’t have to be so long as you are willing to put some effort into lowering your car insurance premium. Normally, a good way to get a great deal on car insurance for your high performance vehicle is to take out your policy from a company that specializes in high performance cars. While there are many of the regular insurance companies that will take you on, getting a policy with them will mean that you are often put in the highest risk group, which means higher prices. It’s the same principle that you can get cheaper electronics from an electronics store.

Another thing you can do is join a club that is specific to your car. There are car clubs for many high performance vehicles, and a lot of them have managed to get discounts with different car insurance companies. Even if your club does not offer a discount, your car insurance company might give you one just for being a member of the organization for your vehicle. Another way to keep your rates going good is to drive less, so you might qualify for a low mileage discount.

Cheers,

Fashun Guadarrama.

Reader question:

Will I be able to keep my coverage while I am upgrading my high performance car’s security?

Anne

Sorry, but it doesn’t work that way.

Car insurance companies often have very strict rules about the prices a secure car will get you, and if you want to get good rates on your collision coverage, then you need to have safety features installed. However, if you don’t, you can still get th collision coverage, but it will jut cost more. The same thing does not go with high performance car insurance coverage. While you can get your car insurance collisio coverage just as easily, the comprehensive coverage is not the same way. Many car insurance companies will not even think about covering you with comprehensive until you have the right safety mechanisms on your car to protect against theft, and you cannot put this off. No features, no coverage, it doesn’t matter if you ae installing them right now.

The types of alarms that the car insurance companies require are called active disenabling alarms. While you can get something with bells and whistles, what they want is for you to have something that shuts down an integral part of the vehicle so that the thief is not able to start it even with his techniques. The device also needs to be constantly active, not activated by you.

Cheers,

Fashun Guadarrama.

Reader question:

What is collector car insurance?

Great question.

Collector car insurance is a type of insurance that applies to car that are antiques, specialty in some way, often older and high performance cars. This type of car insurace has been on the market for about fifty years, but even with that length of time it is still not as widely spread as it should be. In fact, the majority of drivers who own collector cars are insured with a regular car insurance company instead of with the insurance companies that specialize in collectible and high performance vehicles. And then there is also a significant number of drivers in this group who are self insured.

However, getting your collector car insurance through a company that specializes with those types of cars is much cheaper in the long run. The reason for this is because the insurance from a regular company can often cost five times as much as it would from a collector company, and the policies from a regular company don’t really fit the use typical of a collector car, and often don’t provide for the care and coverage that it needs.

Cheers,

Fashun Guadarrama.

Reader question:

Are all collector car insurance programs the same?

Great question.

They definitely are not. As a matter of fact, there are just as many, if not more, differences among collector’s insurance companies as there are among those for regular daily car insurance companies. When choosing which classic car insurance program you want to insure your vehicle with, you need to consider a lot of factors. Getting a free online auto insurance quote should be the thing to start you off, but it should not be the determining factor. Classic cars need more attendant care than do other types of cars, so making sure that the service from your new classic car insurance company is great is the key to choosing a great program.

When you have chosen and then need to pick your coverage, remember the three versions of coverage that can be gotten for a classic car. There are agreed value, actual cash value, and stated value. Most people want to go with agree value so that the value of their classic car is understood up front, so if you want a company that does it a certain way, make sure you think about that during your search.

Cheers,

Fashun Guadarrama.