Exotic Car Insurance

• Expensive: an exotic car can cost double, sometimes even triple, the amount of an average vehicle.
• Fast: most speedometers will max out between 140 and 160 mph, but exotic cars are built high performance, with some of the fastest cars in the world reaching speeds in the high 200s.
• Powerful: many exotic cars have been modified for better speed and efficiency.
• Attractive: exotic cars have a unique look that is easily recognizable with a distinct build and bold colours.
• Prestigious: exotic cars are sometimes available in limited quantities or not available to a wide market.

These characteristics associated with exotic cars make them appealing to drivers of all ages. While premiums are based on an individual's age, driving record and location, the materials and craftsmanship that go into exotic cars remain expensive in terms of repair or replacement. This can sometimes drive up the cost of your car insurance, depending on the type and amounts of coverage you get.

Tips for the cheapest rates on exotic auto insurance

Raise the Deductible: one of the easiest methods of reducing premium costs involves choosing the highest deductible rate that you can comfortably afford.

Comparison Shop: while it remains possible to get quotes from various companies by phone, the majority of agencies also afford drivers the option of acquiring quotes quickly online. Keep in mind to specify the type of classic vehicle insurance you desire and resist the urge to settle for what a company offers. Get quotes from as many different companies as possible. Using websites like RATESDOTCA provides vehicle owners the chance to compare rates with dozens of companies. Visiting with individually owned agencies may only offer quotes from a handful of companies. By effectively comparing car insurance quotes online, consumers may save $1,000 or more annually.

Limited Use: many exotic vehicle owners purchase their prized possession as a second car, which often lowers premiums. Drivers who intend on merely driving the vehicle on weekends, holidays or special occasions may qualify for decreased rates. As the car appears only sporadically on the nation's roadways, the likelihood of becoming involved in a motor vehicle collision also decreases, which equates to lower rates. Agents can easily add mileage restrictions to policies, which may bring down premium costs.

Honest Applications: when shopping for quotes for exotic car insurance, resist the urge to falsify information. Submit all driving convictions when asked. Enter fault and no-fault accidents if requested. While providing inaccurate information may provide an initial lower quote, owners receive an unpleasant surprise when choosing a company. Agents perform background checks concerning this information and calculate rates based on each driver's actual record.