We know Exotic Sports Car Insurance
We insure exotic sports cars, high-performance autos, luxury automobiles and collector autos better than anyone in the business.
The High-Stakes World of Exotic Sports Car Insurance: What You Need to Know
Owning an exotic sports car such as a Ferrari, Lamborghini, or Porsche 911 —is a thrilling milestone.
Standard auto insurance policies are built for mass-produced commuter vehicles, which drop in value the moment they leave the dealership. Exotic cars may defy these rules; they may appreciate in value, require specialized carbon-fiber repairs, and feature bespoke components that cannot be sourced at a local body shop.
Standard vs. Specialized Exotic Insurance
If you try to insure a half-million-dollar supercar through a mainstream, household-name insurance provider, you will likely encounter one of two roadblocks: an immediate rejection due to strict underwriting caps, or an astronomical premium attached to a policy that leaves you dangerously underinsured.
To protect an exotic sports car, collectors turn to specialized luxury and classic car insurers who also insure high-value luxury homes with companies such as: Auto-Owners, Chubb Insurance, or Cincinnati Insurance. The differences between standard auto coverage and specialized exotic policies are structural:
| Feature | Standard Auto Insurance | Specialized Exotic Insurance |
|---|---|---|
| Valuation Method | Actual Cash Value (ACV) – Pays out book value minus heavy depreciation. | Agreed Value – Guarantees a fixed, pre-determined payout if the car is totaled. |
| Repair Networks | Restricts you to preferred, commercial body shops using aftermarket parts. | Guarantees the right to use Original Equipment Manufacturer (OEM) parts and specialized restoration shops. |
| Mileage Limits | Assumes daily commuting and unlimited personal mileage. | Frequently requires tiered mileage caps (e.g., 2,500 or 5,000 miles per year). |
The Power of “Agreed Value”
The single most important component of exotic car insurance is an Agreed Value clause. In a standard policy, if a driver totals their vehicle, the insurance company calculates depreciation to cut a check for its current market value.
With an Agreed Value endorsment on the car insurance policy, you and the insurance company agree on the precise financial worth of the vehicle upfront. If the car is written off in an accident or a garage fire, the insurer pays out that exact amount, completely bypassing depreciation.
High-Value Luxury Home Insurance
We can insure your home as well. Very few insurance companies insure high-value luxury homes of $1.5 million dollars or more. We insure multi-million dollar homes throughout the world. The Private Client Group at Greene Insurance insures multi-million dollar luxury homes for our affluent and high-net worth clients throughout the United States.
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