Best Insurance for Exotic Cars: What Is It?

When you're purchasing luxury exotic car insurance, you may not think it’s different then any regular car on DMV streets. Because these vehicles are expensive, there is an increased chance of theft, and costly repairs that the insurance coverage for luxury brands like Lexus, Mercedes-Benz, BMW and more is quite costly. Import exotic car insurance can be even more expensive. 

Exotic Car Insurance: Defined by the Insurance Company

Whether you’re moving upwards to Lamborghinis, Ferraris, or McLarens, you’ll need exotic car insurance. Fitting into this category usually requires a few specifications, and insurance companies in Maryland classify an exotic car by its make, model, horsepower, number of cylinders, size, and weight, but exotic and high-end cars aren't subject to rigid definition. Being categorized as "exotic" simply means it has distinct, out-of-the-ordinary features.

Exotic Car Insurance Rates: Typical Features & Restrictions

When you are looking for the best insurance exotic cars can get, you’ll find it’s not offered from every insurance company. You may need a specialty insurer, but beforehand you’ll have to confirm with the insurance company the highest cost vehicle they will cover. Insurers may encourage luxury exotic car insurance covering: 

• Liability Insurance
• Collision and Comprehensive Insurance
• Personal Injury Protection or Medical Payments Insurance
• Gap or New Car Replacement Insurance

The best insurance for exotic cars will still be pretty expensive. Dc Metro-area drivers with an exotic or import will have higher exotic car insurance rates due to the proclivity of theft and the difficulty in finding specialists to take care of regular or unusual maintenance. Drivers will also have higher rates because an accident may have more damage than the usual. 

Import Exotic Car Insurance

Collector import exotic car insurance is also specialized. There are a few things insurers may consider when assessing your eligibility for import exotic car insurance. These include:

• The amount of time you have been driving - often times at least 10 years, but there may be special considerations. 
• When considering Virginia-area drivers for luxury exotic car insurance, insurers will also look at the moving violations and at-fault accidents you have been in within a certain time period. They will also consider any DUI’s or reckless driving violations. 
• Exotic car insurance may even require that you have a daily-driver at home. 

Learn More with Luxury & Import Exotic Car Insurance with Sterling Motorscars! 

Explore luxury options with Sterling Motorcars today! If you have more questions about finding the best insurance for exotic cars, contact us and learn more with the team at Sterling Motorcars.