SPORTS AND LUXURY CAR INSURANCE IN PORTUGAL.
THE BEST SELLING SPORTS CAR INSURANCE FOR EXPATS IN ENGLISH.
WHAT IS A SPORTS CAR?
The textbook definition of a sports car would be a small low car with a high-powered engine usually with rear wheel drive and without rear seats. There are 1000’s of different models on the market currently falling into the performance car categories of sports cars, supercars and hyper cars.
All performance cars are designed with an emphasis on dynamic performance such as acceleration, speed, high horsepower, handling and superior braking, with a whole host of modern safety features.
OWNING A LUXURY SPORTS CAR IN PORTUGAL
Driving is so much more than going from one place to another, the journey can be more enjoyable than the destination and the beautiful Portuguese scenery around us, gives us time to relax and feel free out on the open road.
Owning a luxury sports car can provide a far more superior ride as well as make you the envy of all of your friends. Sports cars hold their value far better than other vehicles so your prized possession makes a great investment too. Breaking the speed limit could get you a hefty fine.
You can have great fun testing your sports cars superior handling on the scenic winding roads. Portugal is home to many sports car enthusiasts and boasts a wide range of track days and car race tracks you can visit for track days. Track days are a great way to push your sports car to its limits safely and responsibly.
FINDING THE RIGHT INSURANCE FOR YOUR SPORTS CAR
Portugal has one of the highest accident rates in Europe, so finding the right cover for your sports car is very important. Sports car insurance is similar to other car insurance but has some specialist features added.
Many cars can be sporting without actually being classified as a sports car and not all sports cars have a high-powered engine. It is important to find the right insurance for your vehicle. A vintage or classic sports car would obviously need a very different level of insurance than a modern convertible sports car.
Our team of highly experienced and qualified, English speaking insurance professionals will be able to assist you in finding the best sports car insurance quote for your luxury car and make sure you are getting the best value for money without compromising the cover you are being offered. We can also offer a Multicar policy which is perfect if you have more than one vehicle and want to make a nice saving on your premiums.
EUROPEAN SOS BREAKDOWN, ACCIDENT AND RECOVERY INSURANCE IN PORTUGAL
It is against the law to tow a car in Portugal for anyone other than a professional breakdown recovery company. This will automatically be covered in your sports car insurance policy. It is important when you are traveling long distances from home that your insurance will ensure your safety, that after all is the key point in taking out our comprehensive European breakdown cover that does includes an emergency hotel or accommodation, whilst your car is being repaired, or provides you with a flight, taxi or transport home in an emergency whereby your car cannot be repaired within a suitable time period.
IF YOU BREAKDOWN IN PORTUGAL OR EUROPE.
In the event of a breakdown, anywhere in Europe, most modern sports and luxury cars will alert you and give you the time to safely and calmly pull off the road. Be alert of those around you, clearly indicate your manoeuvres, park safely out of the way of other cars, be visible, indicate there is a hazard and THEN seek assistance. If you, or anyone in the vehicle plans to get out of the car you should put your reflective jacket on first. Call the breakdown company The number will be on your insurance documents which you should be carrying in the vehicle at all times.
There are also many S.O.S style orange boxes on the side of the road that are emergency telephone units so that you can contact the emergency services or break down recovery vehicles.
Motorways are a dangerous place, if you need to stop, try and keep well away from the road and keep a far away from on-coming traffic. Serious accidents are caused by parked cars on motorways and you don’t want to become one of them. Make sure your friends and family and those in the car are with you, away from the car. Climb over the crash barriers and keep safe.
You should be carrying a set of spare light bulbs, reflective jackets – as many as there are people in the car – and two reflective triangles. The reflective triangles need to be placed 30 meters behind the vehicle, visible to oncoming traffic.
SAFTEY FEATURES OF MODERN SPORTS CARS
Most modern sports cars are fitted with active safety systems to help avoid or mitigate a collision. Having these advanced features can help to reduce your sports car insurance premium as you will be far less likely to be involved in an accident.
- Brake assist - Helps to reach the shortest possible stopping distance
- Forward-collision warning (FCW) - Combining cameras and lasers of possible accidents ahead
- Automatic emergency braking (AEB) - Initiating automatic braking should you not react fast enough
- Pedestrian detection - To warn of a pedestrian in your path
- Adaptive cruise control - Holds the same distance between you and the car in front
- Blind-spot warning (BSW) - Warning of possible hazards in your blind spots
- Rear cross-traffic alert - To alert of dangers while reversing automatically braking to avoid a collision
- Lane-departure warning (LDW) - Using lasers to monitor lane markers and warn you should the vehicle start to drift.
- Lane-keeping assist (LKA) - Mildly steering you back into your lane in the event of drifting
- Active head restraints - To minimise whiplash in the event of an accident
- Backup camera - Playing your rear bumper camera on your center console screen
- Parking assist systems - Helping you to park safely and efficiently
- Automatic high beams - Improving night vision and visibility
- Tyre-pressure monitors - To alert you when your tyres need filling avoiding possible blow outs or mishandling
- Telematics - Vehicle tracking device to alert emergency services in the event of an accident
HOW TO REDUCE YOUR SPORTS CAR INSURANCE PREMIUMS
There are a number of ways to lower your Sports Car insurance quote in Portugal. A lot will depend on your own circumstances and requirements and we have provided some ideas below:-
NO CLAIMS BONUS
A no claims bonus is the discount received from your car insurance provider for insuring your vehicle with them and not making any claims during the year of insurance. You can build up a no claims bonus over a 5 year period up. to a maximum of 60%. This is the amount they will discount your premiums for not having made a claim or as part of a loyalty bonus for staying with the same company. You can legally transfer your no claims bonus to another Insurance company as proof of no claims bonus. Having a good No Claims Bonus of 60% or more will make a huge difference.
Driving experience counts for lower premiums, the more experienced you are the more you are likely to help reduce premiums. Age means discounts! Insurance companies in the UK are offering a tracking system that records your driving skills, speeds and capabilities and reward you with reduced premiums for adhering to speed limits and low mileage use. Unfortunately these are not available in Portugal yet, so you are just going to have to get old to get more discounts!
Multi car discounts for more than one car or adding your house insurance policy with the same insurance broker or agent will give you more discounts and a loyalty bonus if you stay with the same company.
Being the only driver can have some sway in reducing the premiums, as some insurance companies like to restrict those that can drive expensive sports cars. Young drivers, under 25, will increase the premiums dramatically.
Increase your first excess. The first excess is the amount you pay when you make a claim on your sports car insurance. The excess is paid upfront and will be returned providing the accident was not your fault.
ANTI THEFT DEVICES
Installing an Anti-theft device in your sports car can help to keep your annual insurance premium down. The cost of having an alarm or low jack installed can soon be recovered in savings and allow you to sleep soundly at night.
Adding a specified mileage. As insurance premiums are based on risk factors, the further you travel annually the higher your premium is likely to be. Most insurance companies will give you the opportunity to adjust this to fit your personal requirements.
We are able to offer you a bespoke quote to fit your needs with a wide range of different levels of sports car insurance from basic legal requirement, to fully comprehensive policies offering European breakdown and recovery cover if you are travelling back and forth to the UK or Europe alongside British registered car insurance policies should you be here all year long.
Copyright Plegasus Europe SL All rights reserved. Updated February 2021