Do I Need Special Auto Insurance for my Exotic Car?
Answer:
Exotic cars have different insurance needs than every


day cars. First, exotic cars are expensive to buy, expensive to repair, and expensive to insure. Not only are they pricey, exotic cars are also seen by insurance companies as risky. Certainly, most drivers will push their Ferrari and drive it differently than they would a Honda Civic.

When you purchase an exotic car, be prepared to do some additional shopping: shopping for exotic car insurance. Your existing insurance company may or may not be able to provide the coverage you need. If they do, the premium may be higher than you can get elsewhere.

Many auto insurance companies specialize in insuring exotic cars. These policies often take the driver’s record and age into account which means an older driver with an excellent driving record may be able to get an affordable exotic car insurance policy. Many exotic car policies allow you and the insurer to agree upon an insured value which is important with certain types of cars such as exotics that may have a lower Blue Book rate despite its actual value.
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