Yes. A performance upgrade can alter the premium far more than the change in monthly finance or purchase price suggests.
The affordable payment can hide the ownership jump
Moving from a modest hatchback to a warm or hot version can also mean dearer tyres, brakes, fuel and risk of theft. Add them before deciding the upgrade costs only £X per month.
Use your current car as the baseline
Quote your existing circumstances on the proposed car and compare with your current renewal or equivalent quote. This shows the extra cost more clearly.
Check excess and terms too
A premium alone does not describe the policy. Compare compulsory and voluntary excesses, restrictions and cover features relevant to you.
Before moving to a faster model, compare the new premium, excess, tyres and fuel with what you pay now so you can see the real jump in cost.
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