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High-performance car insurance

Powerful, high-performance vehicles can benefit from the right type of car insurance.


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You could be driving a regal Mercedes, or just a Commodore car with a modified engine. Either way, your high-performance vehicle might not get everything it needs from a standard car insurance policy.

Often, standard insurers can only be convinced to cover cosmetic modifications as an extra on a policy and not ones which enhance your vehicle's performance. Read on to find out how to get the right kind of insurance for your high powered vehicle or prized sports car.

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
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, 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.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Finder's summary: Bingle consistently come up as one of the cheaper insurers out there. They only cover the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and you won't get a hire car if your car is stolen. But this keeps their premiums low.

Who it might be good for: Someone who wants a low cost option that covers them for the basics.
Youi Comprehensive
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in their policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also have a live chat feature on their 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.
Woolworths Comprehensive
Agreed or Market
Finder's summary: Woolworths catch our eye due to some unique perks like a price beat guarantee, where they'll beat any current comparable Comprehensive renewal notice if you're over 25. You'll also get 10% off your grocery shop once a month, and can add roadside assistance onto your policy for just $7.35 per month.

Who it might be good for: Woolworths shoppers and those that want to take advantage of their Price Beat.
Virgin Comprehensive
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. You'll get 15% off on your first year’s premium when you buy online and get access to their hail hero service. Plus, get a $100 e-Gift card when you purchase a new policy by 30 November 2020 (T&Cs apply).

Who it might be good for: People who want a comprehensive policy that's affordable.
Qantas Comprehensive
Agreed or Market
Finder's summary: You'll be able to pick and choose how comprehensive you want your cover to be thanks to optional extras like roadside assistance, choice of your own repairer, and the option of agreed or market value. Plus, you'll earn Qantas Points when you join and get access to the Qantas Wellness App.

Who it might be good for: People who love collecting frequent flyer points.
Poncho Comprehensive
Finder's summary: Poncho works like a monthly subscription - you pay monthly and can cancel and leave at anytime. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month-to-month.
Coles Comprehensive
Agreed or Market
Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll 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 you're over 30, you can get roadside assistance free for a year.

Who it might be good for: Coles customers and Flybuys collectors.
Stella Comprehensive
Agreed or Market
Finder's summary: Stella’s a female-focused insurer. They'll cover you if your car is damaged as a result of domestic violence. They offer higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats. You get a free Bauer magazine subscription when you sign up and a portion of your premiums go to supporting female-led businesses.

Who it might be good for: Someone who wants a female-centred car insurance policy (they'll cover men too!).
Kogan Comprehensive
Agreed or Market
Finder's summary: Kogan comes with all the perks that most comprehensive car insurance policies include but you'll also be entitled to some benefits on their online store. This usually comes in the form of a gift voucher or discount if you buy online. Plus, Kogan offer a pay as you drive option, which could be good if you're not on the road that much.

Who it might be good for: Kogan shoppers and those that don't drive much.

Compare up to 4 providers

InsurerCover provided
Shannons Logo Image: Supplied


  • 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


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


  • 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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