Want to Insure An Exotic Car? Learn How.
Deals n' Offers, Vintage
Many of the standard insurance companies refuse to insure dozens of “exotic” cars, either because they are used for “pleasure driving” or because they simply cost too much to repair or replace. These drive up the cost of both liability and property insurance.
Use the Internet
With the Internet, finding a company that is willing to insure you is easier than changing your own oil. The first places to check are the major auto insurance companies. They are the least likely to actually insure your vehicle, but they are still a great place to start, as they insure a lot of cars, more than a small company will. After that, look for companies that insure exotic cars, collectible cars, or sports cars. Often, even if the company only directly advertises collectible cars they still offer reasonable rates for a newer sports car.
Watch out for trouble!
There are a couple warning signs a company might not be legitimate, or at least might not work out for you.
- If the site doesn’t ask you for your state, they either offer insurance in only one state or are a shady company trying to steal your money. Due to variations in local laws, insurance costs vary widely from one state to the next, so it is a major warning sign if they don’t bother to ask.
- If the rate seems incredibly low, particularly if it is much lower than anywhere else, see if you can find out why. Maybe they are only offering basic liability and your car can burn for all they care.
Get details before you buy!
You have the right to information about your policy. Get the specific details of the most promising candidates, and read through them carefully to find the exotic auto insurance policy that fits your car.