Best Auto Insurance for Turbo Cars in 2024
Vehicle add-ons increase the car's value as well as its chance of theft, both of which affect your auto insurance rates. Inform your provider of any changes to the car.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Jul 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Fixing up your car with add-ons like turbochargers makes your car unique
- You must report any add-ons like a turbo to your insurance company because it may increase your insurance costs
- Get comprehensive insurance policies to make sure your car is covered for theft, vandalism, and weather events
Many people enjoy fixing up their cars by adding features such as new radios, external accents like high-level spoilers, risers, and even turbochargers to rev up the engine and get their vehicles noticed.
If you make such additions to your vehicle, you are required to report any changes you make to your auto insurance company immediately after making the changes.
The insurance company requires this because adding onto your vehicle can add value to your car, and it can be harder to fix or replace if you add certain features.
Save on car insurance today by comparing prices of top companies in your area!
Why do insurance companies require you to report add-ons?
There are two main reasons that car insurance companies require you to report it with an insurance declaration when you add to your vehicle:
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Add-ons Create Additional Value for Replacement
Each add-on could potentially raise the amount you would need to replace or repair it if you were in an accident or if your car was stolen.
This costs insurance companies additional money when you file a claim, which increases their loss ratio. For this reason, insurance providers will charge you higher premiums if you add aftermarket equipment to your vehicle, but it could be considered fraud if you fail to report it.
For this reason, insurance providers may charge you higher rates in insurance premiums if you add on to your vehicle, but it is still illegal not to report it.
Add-ons Can Increase the Chance of Theft
Just by adding certain features you may invite theft of your vehicle. Depending on the area in which you live, your risk of theft to vehicles with add-ons is greater than those without such additions.
Because of these reasons, it’s likely your auto insurance premiums will increase, but it’s important to report so that your claim isn’t invalidated.
What is a turbocharged car?
Turbocharging is a process by which the engine is rebuilt to create more power and fuel efficiency using exhaust gasses to create more power and is capable of traveling at much higher speeds.
The add-on part needed for a turbo engine is called a turbocharger. Cars that you buy usually do not come with this add-on. You have to purchase one from an auto trade dealer.
Turbo cars cost more for insurance companies to replace. The parts are smaller, but they are expensive to repair or replace when damaged.
If you add a turbo to your car, you should report it to your insurance company immediately after adding it.
It may make your auto insurance premiums go up, but if you do not report it, and then make a claim to repair it, they may not honor your claim.
If you have a car with turbochargers, you may want to consider getting the following types of coverage:
- State minimum liability and personal injury coverage – At the very least, you must carry the state minimums in liability and personal injury. You can find out what your state requires here.
- Property damage to cover replacement – To protect your investment, you will want to carry property damage insurance. Property damage coverage will guarantee that your car is repaired or replaced in the event of damage.
- Comprehensive coverage – If you want to carry protection from other events such as weather damage, theft, or other forms of damage, you will need to carry comprehensive coverage.
Tips on Finding the Best Insurance
If you have a turbocharged car, or if you are considering adding a turbo to your vehicle, you will want to keep the following things in mind.
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Find a Company that Understands Your Needs.
By shopping and comparing insurance companies on our site, you will have a better idea of what types of companies offer the best premiums, as well as the coverages you need for your special car.
If you have a turbo engine, there is considerably more cost in replacement if you have an accident or are a victim of theft.
Get Comprehensive Coverage.
Remember that cars with special add-ons such as turbochargers and other items are more prone to theft. People may try to steal your turbocharger while your vehicle is parked and resell it or use it in their car.
If you live in a high-crime area or any area in which theft could occur, make sure you have this important coverage.
Car insurance was created for accident coverage and loss of life, personal injury, and property damage, but it will only pay for accidents.
Getting comprehensive insurance is the only way you can protect your car from hail, storms, floods, theft, and other external factors that cause damage.
What are some other options to consider?
When you have a special car, you should consider it an investment. Insurance is designed to protect you from financial loss in the event of an accident.
But you also need to cover the loss in other instances such as theft, vandalism, or weather damage.
You never know when an event could occur that would threaten your investment.
If you have spent a great deal of time sprucing up your car, you don’t want to lose all of the money you’ve put into it by failing to have proper coverage.
Ask for a free quote on our website and look at the various optional coverages as well.
Some of the other coverages you may want include:
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Car Rental Insurance
Car rental insurance allows you to have a rental car free of charge if you have an accident that requires repair of your vehicle.
This keeps you from losing additional work time and allows you a way around while your vehicle is being repaired.
Medical Coverage
Medical coverage is optional medical coverage that you can get through your car insurance company that pays in addition to your medical insurance in the event of an accident.
Insurance cannot pay twice, so if your medical plan covers everything, you would not need it. But in those cases when your insurance is not enough, it may come in handy.
Roadside Assistance
Roadside assistance allows you to have help on the road if you are stranded on the side of the road. This is helpful insurance if you are on the road a lot and may be a good idea for frequent travelers.
With all insurance, you should always weigh the risk with the cost of the premiums.
By shopping and comparing policies and companies, you will be able to find the best policy and company for your turbo car.
Make sure your coverage for your turbocharged vehicle is adequate. Compare rates online now!
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Frequently Asked Questions
Are turbocharged vehicles more expensive to insure?
Turbocharged vehicles are often more expensive to insure compared to their non-turbo counterparts. This is primarily because turbocharged engines typically have higher performance capabilities, which can increase the risk of accidents and potential damage. Additionally, turbocharged vehicles may require specialized repairs and replacement parts, contributing to higher insurance costs.
Does the make and model of a turbocharged vehicle affect insurance premiums?
Yes, the make and model of a turbocharged vehicle can significantly impact insurance premiums. Insurance companies consider factors such as the vehicle’s performance, safety features, repair costs, and theft rates when determining premiums. Generally, high-performance or luxury turbocharged vehicles tend to have higher insurance premiums compared to more affordable models.
Are there any specific insurance requirements for turbocharged vehicles?
Turbocharged vehicles typically have the same basic insurance requirements as non-turbocharged vehicles. The specific insurance requirements vary by country, state, and insurer. However, some insurance providers may require additional coverage due to the higher value or specialized repairs associated with turbocharged vehicles. It’s important to review your policy or consult with your insurance provider to ensure you have adequate coverage.
Can modifications to a turbocharged vehicle affect insurance rates?
Yes, modifications to a turbocharged vehicle can impact insurance rates. Some modifications, such as upgrading the turbocharger or modifying the engine for increased performance, may increase the risk of accidents or mechanical failures. Insurance companies may consider these modifications as higher risk and adjust premiums accordingly. It’s crucial to inform your insurance provider about any modifications to your turbocharged vehicle to ensure proper coverage.
Can a turbocharger be covered under comprehensive insurance?
Comprehensive insurance typically covers damages to your vehicle caused by non-collision events such as theft, vandalism, natural disasters, or falling objects. However, coverage for a turbocharger specifically may vary depending on the insurance policy. Some policies may include coverage for turbocharger damage or failure, while others may require a separate endorsement or add-on coverage. It’s advisable to review your policy or consult with your insurance provider to understand the extent of coverage for your turbocharger.
Does my driving record affect insurance premiums for turbocharged vehicles?
Yes, your driving record plays a significant role in determining insurance premiums for turbocharged vehicles, just as it does for any other vehicle. If you have a history of accidents, traffic violations, or speeding tickets, insurance companies may consider you a higher risk and charge higher premiums. Maintaining a clean driving record can help lower your insurance costs for turbocharged vehicles, along with other factors such as your age, location, and credit history.
Are there any discounts available for insuring turbocharged vehicles?
Some insurance companies offer discounts specifically for insuring turbocharged vehicles. These discounts may be available for various reasons, such as having advanced safety features, anti-theft devices, or completing defensive driving courses. Bundling your auto insurance with other policies, such as homeowners or renters insurance, can often lead to discounted rates. It’s recommended to inquire about available discounts with your insurance provider to potentially lower your premiums.
How can I find the best insurance rates for my turbocharged vehicle?
To find the best insurance rates for your turbocharged vehicle, consider the following steps:
- Shop around: Obtain quotes from multiple insurance providers to compare rates and coverage options.
- Research insurers: Look for insurance companies experienced in insuring high-performance or turbocharged vehicles.
- Review coverage needs: Determine the coverage levels and deductibles that suit your requirements and budget.
- Consider discounts: Inquire about any available discounts specifically for turbocharged vehicles or other applicable discounts.
- Seek professional advice: Consult with an insurance agent or broker specializing in auto insurance for turbocharged vehicles to ensure you have the appropriate coverage at the best possible rates.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.