Car insurance for high performance cars

You’ll likely need specialist car insurance for your high performance vehicle. Compare your options.

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By

Peta Taylor

Updated

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Key takeaways

  • Standard insurers don't normally cover high performance vehicles. You'll probably need a specialist insurer.
  • We researched specialist car insurance providers and found 9 in Australia.
  • The cost of your insurance will be dependent on the value of your car and if you're engaging in risky activities.

Compare specialised insurance for high performance cars

Insurer
Cover provided
  • All imports
  • Classic and vintage vehicles
  • Modified cars
MB group logo Image: Supplied

MB Insurance

  • Prestige and luxury cars
  • High performance cars
Enthusiast logo Image: Supplied

Enthusiast

  • Vintage and classic cars
  • Exotic, rare and prestige cars
  • Modified vehicles
Lumley logo Image: Supplied

Lumley

  • Imported classics
  • Vintage cars and motorcycles
  • Modern classics
  • Vintage and classic cars
  • High performance vehicles
ryno Car

Ryno Insurance

  • High performance vehicles
Picture not described

Dawes Insurance

  • Insurance for exotic, classic, and luxury cars
  • Cover for modified and custom-built vehicles
Picture not described

Lewis Insurance Services

  • Insurance for performance-modified vehicles
  • Covers Turbo, Supercharger, Suspension, Exhaust, and more
Picture not described

Matrix Insurance

  • Insurance for luxury and high-performance vehicles
  • Cover available for cars valued over $300,000

Do you need high performance car insurance?

There are certain modifications that will almost guarantee that you'll need specialised high performance insurance or sports car insurance. These include:

  • A reprogrammed or chipped engine control unit (ECU)
  • Non standard wheel fitments that affect performance, such as custom sizes and aftermarket rims.
  • Performance exhausts
  • Lowered, raised or otherwise modified suspension (like coilovers)
  • Nonstandard brake pads, discs (ventilated and drilled/slotted) or other brake modifications
  • Nonstandard supercharged engines, nitro or hydrogen fuel equipped engines or any other engine modifications
  • Racing harnesses, bucket seats, roll bars or roll cages
  • Modifications to the transmission (such as a 2WD to 4WD conversion or gearbox retrofit)
  • Custom fuel systems (like aftermarket fuel tanks, braided lines and uprated fuel pumps).
  • Adjustments to the steering (such as a faster steering rack)

In general, standard insurers tend to cover cosmetic and luxury modifications to some extent, but if you have a modification which affects the ride, handling, power output or manufacturers original specification, standard insurance might not cut it. There are also several high performance sports car brands, like Lamborghinis and Ferraris, which standard insurers will be reluctant to cover.

Our expert says

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"Insuring a high performance vehicle can be tricky. This is because the insurer's capacity to insure it will depend on the modifications your car includes and how risky they deem it to be. If you have specific car insurance needs for your high performance vehicle then it can be a good idea to get in touch with a broker. They'll be able to understand the ins and outs of your needs and connect you with the right insurer."

Publisher of Insurance

Frequently asked questions

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Written by

Publisher of Insurance

Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio

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2 Responses

    Default Gravatar
    RashmiFebruary 19, 2022

    Which insurers provide comprehensive car insurance for a 24-year old using a high-performance car?

      AvatarFinder
      JamesFebruary 24, 2022Finder

      Hi Rashmi,

      You can start by reviewing the brands in the table on this page. Once you’ve compared, you just have to select the “Get Quote” button to be redirected to your chosen insurer’s website. From there, you can get a quote or ask a provider directly if they’ll be able to offer you the insurance you need.

      Be sure to read the terms and conditions of your chosen policy before you buy, so that you understand what you’re covered for, along with any restrictions and policy exclusions.

      Regards,

      James

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