How much would it cost to insure a race car?

Written by Cheryl Tay on . Posted in Cheryl Tay News | Latest Industry News

Still riding high on the F1 fever, here’s something interesting for you: How much does it actually cost to insure a race car?

 

Seeing the high probability of accidents on the track, Aviva pitted a race car next to an average vehicle, comparing several factors that come into play when deciding one’s car insurance premiums, specifically the age of the driver, years of driving experience, driving record, type of vehicle and time spent on the road.

 

Not many might know that higher annual mileage affects car insurance costs, or that older drivers are likely to pay less for their car insurance premiums because they fall into a lower risk category.

f1carinsurance

Cheryl Tay

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Singapore’s only female full-time motoring and motorsports photojournalist. Independent automotive consultant and prominent local motorsports personality Cheryl Tay is uniquely passionate about all things cars and motorsports. She also has a strong passion to share her interest and knowledge, hence having a dream to become the ‘Oprah Winfrey of cars and motorsports’ and create a multimedia platform for her sharing. - A female in a male-dominated world, Cheryl Tay is Singapore’s only female full-time motoring journalist and motorsports blogger and she regularly writes for prominent titles in Singapore, Asia and internationally. (See full list of titles that Cheryl Tay writes for here.)

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