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      03-30-2010, 11:27 PM   #1
lux.sh
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how do you insure a Super Car(exotics)?

Call me stupid, but I just realized most major insurance companies do not list super-car categories(ferraris, aston martins, etc). Only thing I see is Audi R8 on the list but that is about it.

My question is, how do those car owners insure their car? I read something online regarding how you have to "bargain" with insurance companies and work out a deal. That sounds extremely stupid and unfair.

Anyone knows?
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      03-30-2010, 11:32 PM   #2
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Im guessing you would have to call in and get a custom quote since there are many more factors in insuring a exotic.
We are not talking 30k now 300k.
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      03-30-2010, 11:43 PM   #3
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i was on 6speedonline the other day and was reading abt this..... there were guys paying around 1500-2000 a year while others were paying around 300/month... i remember someone suggesting AAA
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      03-30-2010, 11:50 PM   #4
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Quote:
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i was on 6speedonline the other day and was reading abt this..... there were guys paying around 1500-2000 a year while others were paying around 300/month... i remember someone suggesting AAA


Only 2k/year? I pay about 800/yr for my 335i...
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      03-30-2010, 11:52 PM   #5
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Quote:
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i was on 6speedonline the other day and was reading abt this..... there were guys paying around 1500-2000 a year while others were paying around 300/month... i remember someone suggesting AAA
300 a month? doesnt seem bad at all, when I had my Evo 9, I was quoted 6k for 6 months. I was 18 back than with 1 accident and a speeding ticket, I changed my address so I could drive the car without being in the insurance and still be covered incase anything happen lol. 300 a month for a car worth 200+k doesnt seem bad at all.
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      03-31-2010, 12:09 AM   #6
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But we also have to factor in many of those exotic owner have multiple vehicles, and drive them probably once a week for a leisure cruise. Not a daily commuter. As well as the age, garage, occupation, driving history, etc
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      03-31-2010, 01:15 AM   #7
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Putting mileage restrictions, driver restrictions, and all that hoopla also helps bring down the costs plenty.
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      03-31-2010, 01:17 AM   #8
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Yea, I pay about 2500 a year for the M3, and its listed as a leisure vehicle. However I got a ticket for going 125 in a 70, in Nevada, or montana, in my prius, lol.
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      03-31-2010, 01:30 AM   #9
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Yea, I pay about 2500 a year for the M3, and its listed as a leisure vehicle. However I got a ticket for going 125 in a 70, in Nevada, or montana, in my prius, lol.
You sir, are a brave soul for attempting those speeds in that blasphemy of a vehicle.
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      03-31-2010, 01:40 AM   #10
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Yea, I pay about 2500 a year for the M3, and its listed as a leisure vehicle. However I got a ticket for going 125 in a 70, in Nevada, or montana, in my prius, lol.
They go that fast?
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      03-31-2010, 01:51 AM   #11
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allstate insures them, most insurance companies do...just have to ask
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      03-31-2010, 02:10 AM   #12
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Quote:
Originally Posted by Dan in PA View Post
Only 2k/year? I pay about 800/yr for my 335i...
damn
dude, I pay 5k$/year for my 335i

but my premium never goes up and no questions asked.. I can even take it in for dents and scratches on their account.
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      03-31-2010, 10:28 AM   #13
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while it may not be listed on the site, doesnt mean the company wont insure it, usually you have to call.

another thing is that a lot of exotic owners dont necessarily use the major car insurance companies. instead, companies like chubb are used which specialize in luxury insurance for boats, planes, expensive cars, and other expensive toys
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      03-31-2010, 10:46 AM   #14
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Quote:
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You sir, are a brave soul for attempting those speeds in that blasphemy of a vehicle.
not to mention the stuck pedal issue.
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      03-31-2010, 11:14 AM   #15
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Quote:
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damn
dude, I pay 5k$/year for my 335i

but my premium never goes up and no questions asked.. I can even take it in for dents and scratches on their account.
....?
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      03-31-2010, 11:20 AM   #16
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....?
.................?
insurance is expensive around here

2k/yr for a supercar is cheap
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      03-31-2010, 02:50 PM   #17
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Go with Chubb
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      03-31-2010, 03:10 PM   #18
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My Porsche C4s is basically the same as my other vehicles. 660/year including a 10% surcharge for power to weight ratio.
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      03-31-2010, 06:14 PM   #19
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Quote:
Originally Posted by lux.sh View Post
Call me stupid, but I just realized most major insurance companies do not list super-car categories(ferraris, aston martins, etc). Only thing I see is Audi R8 on the list but that is about it.

My question is, how do those car owners insure their car? I read something online regarding how you have to "bargain" with insurance companies and work out a deal. That sounds extremely stupid and unfair.

Anyone knows?
I'm a State Farm agent. We, as well as most major insurers, cover exotics. I have all of the info loaded for a Lambo Murcielago LP670 or a Rolls Royce Phantom Drophead in my system.
So how do you insure it? You call me (your agent) and you say, "Hey dude, bought a Ferrari 599! Put on some coverage! You need a test drive? Why?"

..etc
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      03-31-2010, 06:33 PM   #20
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a high deductible also helps
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      03-31-2010, 07:19 PM   #21
lux.sh
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Originally Posted by Spec 1 View Post
I'm a State Farm agent. We, as well as most major insurers, cover exotics. I have all of the info loaded for a Lambo Murcielago LP670 or a Rolls Royce Phantom Drophead in my system.
So how do you insure it? You call me (your agent) and you say, "Hey dude, bought a Ferrari 599! Put on some coverage! You need a test drive? Why?"

..etc
lol. Hell I'll let you test drive if you save me couple grand a year.

On a serious side note, are you really an insurance agent?
"roughly" how much are we looking at for a Aston Martin Vantage convertible? I don't need exact amount, just like an estimate with a "mild" driving record and age 25+.
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      03-31-2010, 07:48 PM   #22
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lol. Hell I'll let you test drive if you save me couple grand a year.

On a serious side note, are you really an insurance agent?
"roughly" how much are we looking at for a Aston Martin Vantage convertible? I don't need exact amount, just like an estimate with a "mild" driving record and age 25+.
Sure am, fully licensed in Oregon & Washington and I insure a large portion of the motorcycle and car community up here. What would you call a "mild" driving record? How's your credit & claims history?

Really tough to give a rough estimate these days since rates are primarily tied to the driver more than the car. Would love to check things out for you though, PM me
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