High-performance car insurance

If you want high performance car insurance, some standard insurers only cover cosmetic modifications so you may need specialist cover.

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To get high performance car insurance, you usually have two options: standard or specialist car insurance. Often, standard insurers will only cover cosmetic modifications as an extra on a policy and not ones that enhance your vehicle's performance.

Compare standard and specialised insurance for high performance cars

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: With Coles comprehensive car insurance, you could earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
ahm Comprehensive
Optional
Both
Finder’s summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums. Its Fixed Kilometre Plan can save you up to 30% compared to its standard comprehensive cover.

⭐ Current offer: Sign up for ahm car insurance and you'll enjoy a $50 Visa e-gift card*. Offer ends 30 Jan.

Who it might be good for: People who drive less than 15,000 km per year.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
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Compare up to 4 providers

InsurerCover provided
Shannons Logo Image: Supplied

Shannons

  • 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
Famous logo Image: Supplied

Famous Insurance

  • Vintage and classic cars
  • High performance vehicles

RACQ Logo Image: Supplied

RACQ (Queensland)

  • Vintage and classic cars
  • Modified and performance cars

What high performance car insurance exists?

Cover for high-performance vehicles in Australia can typically be obtained in one of two ways. Which option you go for depends largely on your vehicle and type of driving you do.

  • Standard insurers. Some providers will cover high performance cars for either an extra on your premium for a standard comprehensive car insurance policy, or as a separate "hard to place" policy.
  • Specialist insurers. There are a number of insurers who specialise in modified vehicles and will cover a wider range of models and uses. They understand that if you've gone to the trouble of buying (and improving) your prized vehicle, you're going to want to care for it the best you possibly can.

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.

Things to keep in mind with high performance car insurance

If your car sits somewhere in the middle and you're trying to decide between standard insurance and specialist insurance, consider the following benefits usually offered by specialist insurers for your high powered vehicle:

  • Salvage rights. If you end up in a crash, you have the right to keep potentially expensive damaged parts and pieces.
  • Agreed value. Standard insurers tend to cover your vehicle for market value. For prestige or high performance cars, this can be highly volatile. Specialist insurers will by default go for an agreed-upon insured value that you decide when taking out your policy.
  • Choice of repairer. This can be a big deal for your modded car. Standard insurers will generally nominate a repairer you must take your car to; specialists will allow you to take it to where it will be fixed up best. Meaning you can go to a place you trust and that perhaps focus entirely on modified/performance cars.
  • Extra replacement benefits. Many standard policies will limit replacement of your vehicle from 12 months to a couple of years. Specialists can offer longer term replacement, as well as offering it for a wider range of situations, such as motor racing.
  • Modifications cover. Standard insurers tend to limit the number of modifications they'll cover to a small number of interior or cosmetic changes. Specialists will allow a wider swathe of modifications, including performance mods, and still offer you reasonably priced cover.

Picture: Getty Images

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