Hi Iggy,
that's entirely true - we don't cover performance cars with our main car insurance product. That's very much targeted at the mainstream driver, or what we call the 'safe driver' segment, so not at the very young new driver, the very old, those with a lot of accidents, and those in sporty cars, for example. This means we can keep the price down for the vast majority as we are not targeting those which are considered more risky.
It's worth pointing out though that we recently launched another car insurance product - SOS car insurance, which is for so-called 'high risk' drivers - those that have had a number of accidents in the past, and are struggling to get insurance and been declined. Where someone has been unlucky with accidents in the past this may be a route back for them:
http://www.directasia.com/sg/en/onlineinsurance/sos-car-insurance/
I hope that's helpful .....
iggy:They dont cover performance car though.