High-performance vehicle coverage
High-performance vehicle coverage is a specialized auto insurance policy that protects vehicles with engines producing over 300 horsepower, such as Chevrolet Corvette, Ford Mustang GT, and Porsche 911. Insurers charge premiums for high-performance vehicle coverage that are on average 40% higher than standard policies according to the Insurance Information Institute (III).
Policies for high-performance vehicles include requirements for theft-prevention devices like LoJack and garage storage, which insurers verify during underwriting. Coverage typically excludes racing or competitive driving events, with exclusions explicitly stated in 98% of contracts reviewed by the National Association of Insurance Commissioners (NAIC).
High-performance policies often mandate higher liability limits; for example, $500,000 combined single limit is common among State Farm, Allstate, and GEICO offerings. Insurers define high-performance cars using criteria including horsepower-to-weight ratio greater than 0.07, acceleration below 6 seconds from 0–60 mph, or top speeds exceeding 155 mph–benchmarked by models such as BMW M3 and Dodge Challenger Hellcat.
Deductibles for comprehensive and collision can be set above $1,000 due to expensive parts unique to vehicles like Audi RS7 and Nissan GT-R. Modifications such as aftermarket superchargers and turbo kits must be declared since undisclosed upgrades can void high-performance coverage under Progressive and Nationwide policies.
Discounts for limited annual mileage–typically under 5,000 miles per year–may lower premiums for owners of Lamborghini Huracán and Tesla Model S Plaid. Insurers require proof of regular maintenance records from certified mechanics to maintain eligibility on high-value models like Mercedes-AMG GT and Jaguar F-Type SVR, as submitted by Your Insurance Info.
High-performance vehicle coverage does not automatically include agreed value provisions unless specifically added–these provisions set claims payouts at predetermined values instead of depreciated amounts for exotic models like Ferrari F8 Tributo and McLaren 720S.
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See also High-performance vehicle insurance.