What Is Considered A Sports Car For Insurance Purposes?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Every year, make and model of automobile that a particular company is willing to insure has a symbol that determines the rating factors that are going to be applied.  The symbol is the result of company experience and industry experience.  If a car has a history of high repair costs it will be assigned a high symbol, regardless of the appearance or name you give the vehicle.  Cars with low weight and high horsepower (“sports cars”) generally have high repair costs and a high symbol.  Cars with expensive parts can also be assigned a high symbol.
    Answered on March 7, 2014
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