icon

Exotic Car Insurance

Compare insurance quotes for exotic cars in Canada.

Insurance companies you trust

logo-CAA.png
Onlia_new.png
Pembridge_new.png
Economical
Travelers Insurance logo

What is an exotic car?

While there’s no exact definition for an ‘exotic car,’ those identified as such tend to share characteristics that make them unique, including:

  • 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.

Exotic car insurance quotes

Recent Auto Insurance Quote from TORONTO, ONTARIO
Male, Age 30
2020 PORSCHE PANAMERA 4 4DR AWD
February 25, 2024
Cheapest Quote
$ 1,416 / month
$16,994 / year
Average Quote
$ 2,152 / month
$25,822 / year
Savings
$ 736 / month
$8,828 / year
or
34.19 %
Recent Auto Insurance Quote from LINDSAY, ONTARIO
Male, Age 40
2011 PORSCHE CAYENNE S 4DR AWD
February 23, 2024
Cheapest Quote
$ 111 / month
$1,333 / year
Average Quote
$ 220 / month
$2,639 / year
Savings
$ 109 / month
$1,306 / year
or
49.49 %
Recent Auto Insurance Quote from COLBORNE, ONTARIO
Male, Age 62
2016 PORSCHE PANAMERA GTS 4DR AWD
February 23, 2024
Cheapest Quote
$ 110 / month
$1,316 / year
Average Quote
$ 228 / month
$2,734 / year
Savings
$ 118 / month
$1,418 / year
or
51.87 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

The majority of Canadian insurance companies willingly insure exotic vehicles

According to statistics, some of the most popular exotic cars found in Canada priced under and over $50,000 in recent years include:

  • BMW 1 Series M Coupe
  • Cadillac CTS-V Coupe
  • Hyundai Veloster
  • Porsche Boxster
  • Porsche 911 Turbo S

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.

Latest auto insurance articles

Major or minor traffic conviction — What’s the difference?
Certain traffic convictions can influence the car insurance rate you get for years. How much convictions may cost you depends on the seriousness of the violation.
2 mins read
What divorce means for your insurance
Separation and divorce hold many unknowns. For many families, insurance is one area of uncertainty.
3 mins read
Auto insurance outlook for 2024
Heading into 2024, elevated inflation and rate increases means higher auto insurance premiums for customers. Here's what else we can expect in 2024.
5 mins read

Subscribe to our newsletter

Stay on top of our latest offers, relevant news and tips!

Thanks for joining!

You'll be hearing from us shortly - stay tuned.