how do you insure a Super Car(exotics)?

lux.sh · 03-31-2010, 12:27 AM

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?

03-31-2010, 12:32 AM

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.

pacman · 03-31-2010, 12:43 AM

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

Dan in PA · 03-31-2010, 12:50 AM

Quote:

Originally Posted by pacman

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...

AW335TT · 03-31-2010, 12:52 AM

Quote:

Originally Posted by pacman

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.

E90SLAM · 03-31-2010, 01:09 AM

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

JayKay335i · 03-31-2010, 02:15 AM

Putting mileage restrictions, driver restrictions, and all that hoopla also helps bring down the costs plenty.

mexicanmike · 03-31-2010, 02:17 AM

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.

Small Yellow · 03-31-2010, 02:30 AM

Quote:

Originally Posted by mexicanmike

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.

JayKay335i · 03-31-2010, 02:40 AM

Quote:

Originally Posted by mexicanmike

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?

Vudoo4u2 · 03-31-2010, 02:51 AM

allstate insures them, most insurance companies do...just have to ask

Comet · 03-31-2010, 03:10 AM

Quote:

Originally Posted by Dan in PA

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.

jibaholic101 · 03-31-2010, 11:28 AM

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

graider · 03-31-2010, 11:46 AM

Quote:

Originally Posted by HuangYiChao

You sir, are a brave soul for attempting those speeds in that blasphemy of a vehicle.

not to mention the stuck pedal issue.

wwjbd24 · 03-31-2010, 12:14 PM

Quote:

Originally Posted by Comet

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.

....?

Comet · 03-31-2010, 12:20 PM

Quote:

Originally Posted by wwjbd24

....?

.................?
insurance is expensive around here

2k/yr for a supercar is cheap

lauer87 · 03-31-2010, 03:50 PM

Go with Chubb

clickclickboom · 03-31-2010, 04:10 PM

My Porsche C4s is basically the same as my other vehicles. 660/year including a 10% surcharge for power to weight ratio.

Spec 1 · 03-31-2010, 07:14 PM

Quote:

Originally Posted by lux.sh

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

nnnnnnnnnnnnnnnnnnnnnn · 03-31-2010, 07:33 PM

a high deductible also helps

lux.sh · 03-31-2010, 08:19 PM

Quote:

Originally Posted by Spec 1

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+.

Spec 1 · 03-31-2010, 08:48 PM

Quote:

Originally Posted by lux.sh

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

03-31-2010, 12:27 AM	#1
lux.sh missing two turbos. 614 Rep 4,859 Posts Drives: fast around corners. Join Date: Sep 2005 Location: Curves iTrader: (12) Garage List 2006 BMW E90 330i [7.00]	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? __________________ 06 AW E90 330i ZPP/ZSP/Step/Expired Warranty : Prior Design Front : ACS Rear : ACS Roof : BlackLines : Simota Intake : Carbon Fiber Interior Trim : : MTEC V3 : 24% Charcoal : V1 Hardwired : Solaris Invisibulbs/LED interior :
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03-31-2010, 12:32 AM	#2
RemovedUser Guest 0 Rep n/a Posts Drives:	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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03-31-2010, 12:43 AM	#3
pacman Lieutenant Colonel 40 Rep 1,913 Posts Drives: 325i Join Date: Mar 2006 Location: Bay Area,CA iTrader: (4)	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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03-31-2010, 01:09 AM	#6
E90SLAM Supreme Allied Commander 2016 Rep 61,781 Posts Drives: A BBS WHORE Join Date: Jul 2007 Location: . iTrader: (6) Garage List 2022 BMW X3 sDrive30i [0.00]	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, 02:15 AM	#7
JayKay335i Banned 198 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	Putting mileage restrictions, driver restrictions, and all that hoopla also helps bring down the costs plenty.
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03-31-2010, 02:17 AM	#8
mexicanmike Captain 18 Rep 636 Posts Drives: 09 E93 Jerez Black Join Date: Dec 2009 Location: Morgan Hill, CA iTrader: (0)	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, 02:51 AM	#11
Vudoo4u2 Night Sh1ft 471 Rep 3,079 Posts Drives: F95 X5MC LCI Join Date: Oct 2007 Location: It's bobsled time iTrader: (3) Garage List 2024 BMW X5M Compet ... [0.00]	allstate insures them, most insurance companies do...just have to ask __________________ "Your first 10,000 photographs are your worst.” ― Henri Cartier-Bresson
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03-31-2010, 11:28 AM	#13
jibaholic101 Brigadier General 170 Rep 3,496 Posts Drives: women wild Join Date: Nov 2008 Location: Charleston, SC iTrader: (0)	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 __________________ some italian, german, and japanese ones; and on order more of the same
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03-31-2010, 03:50 PM	#17
lauer87 Lieutenant 8 Rep 586 Posts Drives: 335xi Join Date: Sep 2007 Location: USA iTrader: (0)	Go with Chubb
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03-31-2010, 04:10 PM	#18
clickclickboom Private First Class 78 Rep 166 Posts Drives: Rust Bucket Join Date: Oct 2008 Location: PA iTrader: (0)	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, 07:33 PM	#20
nnnnnnnnnnnnnnnnnnnnnn Lieutenant 112 Rep 465 Posts Drives: 1 Join Date: Jan 2008 Location: 2 iTrader: (0)	a high deductible also helps
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