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Compare luxury car insurance

Get higher coverage, special perks and asset protection for luxury cars.

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If you drive a high-performance or luxury car, bare minimum auto insurance isn’t going to cut it. Luxury car insurance is designed to deliver additional benefits that go above and beyond what’s available with standard car insurance to effectively protect your valuable wheels or other assets.

  • Rewards for safe drivers
  • Basic to comprehensive
  • Your own dedicated agent

Top pick for luxury cars: Allstate

Enjoy having your own dedicated agent to help you get the best discounts and coverage.

  • Rewards for safe drivers, good students and more
  • Get your own dedicated insurance agent
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Compare luxury car insurance policies

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
13%
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Optional
30%
All 50 states
Save up to 31% with safe driver discounts and bundling all your rides in one convenient policy.
Optional
49%
AZ, CA, IL, NJ, OR, PA, VA, WA
Only pay for how much you drive with the Metromile app. Get rates from $29/month plus pennies per mile.
Optional
Optional
55%
All 50 states
Get free quotes from top insurers for the exact coverage you need in minutes.
Optional
30%
All 50 states
Enjoy premium perks like better car replacement and accident forgiveness plus local agent support.
52%
AZ, AR, CO, CT, DE, GA, IL, IN, IA, KY, LA, MD, MI, MS, MT, NE, NM, ND, OH, OK, OR, PA, SC, TN, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save.
Optional
26%
All 50 states
It's quick and easy to get an online quote with Geico, and you might be surprised at how much you could save.
Optional
Yes
All 50 states
Drivers over 50 and AARP members enjoy special car insurance pricing and benefits.

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What’s the difference between luxury car insurance and standard car insurance?

If your car turns heads, luxury car insurance coverage might be for you.

Luxury car insurance is a special type of car insurance that covers expensive high-end vehicles to protect if you’re in an accident or are sued due to an accident. It’s usually pricier than your average car insurance policy, as luxury cars are more expensive to own and repair than your normal daily driver. Plus, they’re usually a higher target for theft and vandalism.

When it comes to insuring your luxury car, it’s often more difficult to find an insurance company that offers the higher coverage options you want. For example, many traditional insurance companies cap liability coverage around $300,000 to $500,000 per accident. But for a luxury car, this might not be enough to cover the cost of damages. Car insurance companies offering luxury car insurance policies have higher coverage limits.

Who should consider luxury car insurance?

Prestige and luxury car insurance is for collectors, enthusiasts, businesses with high-end company cars and anyone who wants a higher level of car insurance to effectively protect their valuable wheels or other assets. Typically, you can get it through specialized insurers that focus on extra-valuable cars including vintage vehicles, modified cars, imported cars and other valuable cars.

What’s included with luxury car insurance?

Luxury car insurance typically covers the basics required by your state, like collision, comprehensive, and uninsured motorist coverage. Compare some additional perks you might consider looking for or adding to your luxury car insurance policy.

  • Liability coverage. Covers the costs of personal injury and property damage caused by your vehicle. This is required in most states, but if you have an expensive car, you’ll want higher liability coverage options. You can get additional liability coverage if you have an umbrella policy, which kicks in once you reach your car insurance liability coverage limits.
  • Collision coverage. Covers the cost of damages to your vehicle in an accident. This coverage is typically optional, but it’s good to have if you own a luxury car, since repairs after an accident could be costly.
  • Comprehensive coverage. Also optional, this covers the cost of damages to your car caused by anything other than an accident — including theft, vandalism and storms. Since luxury cars are a higher target for theft and vandalism, this is a smart add on.
  • Uninsured motorist coverage. Keeps you covered if you’re in an accident with a driver who either has no insurance or not enough insurance coverage to cover the high costs of your repairs.
  • Agreed value. Luxury car insurance policies will typically use agreed value, not market value, for determining the sum insured.
  • Roadside assistance. Often, luxury car insurance companies throw in freebies you’d normally pay extra for on a standard policy, like roadside assistance, pet insurance or gap coverage.
  • New car replacement. Certain policies will offer a full new-for-old replacement if your vehicle is written off within a specified period.
  • OEM parts. Your insurance company pays for your car to be fixed using original equipment manufacturer (OEM) parts, rather than cheaper aftermarket ones.
  • Change of vehicle. Many prestige policies make it easy to move your coverage between cars as you upgrade or change. Typically, your insurance policy is automatically transferred to a new vehicle for a limited period of time, so you don’t have to go uninsured when changing cars.
  • Carjacking coverage. Your high-end insurance policy might offer medical care or counseling after car theft, which is a bigger concern for drivers of exotic cars than the average Honda or Toyota driver.
  • Storage and limited use. If you’re not using your car every day, you can choose to pay as you drive. Many specialist insurers extend limited-use discounts, or don’t charge premiums for storage periods when you know you won’t be using the vehicle.

How much does luxury car insurance cost?

Expect to pay more to insure a luxury car than you would a midrange sedan, maybe even double or triple the cost of standard coverage. Your exotic car insurance rates still depend on factors like the MSRP of your vehicle, your driving history, age, gender and location.

Compare car insurance rates for luxury cars

Average annual cost of luxury car insurance

Take a look at some examples of what you might pay to insure a luxury car in California and Florida per year, compared to the average state minimum coverage costs in those states.

ModelCaliforniaFlorida
Lexus LS 600H L Hybrid$4,155$2,677
Maserati Gran Turismo MC$4,424$2,536
Mercedes S65 AMG$4,450$2,654
Average annual state minimum costs$945$1,663

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How can I get the best value on luxury car insurance?

To get the best value, compare luxury car insurance companies and see what rates, coverage options and perks they offer. Depending on the make and model of your car, there may be some national insurance companies that will insure your vehicle. Consider starting with those companies first to see if you can get a lower rate than you would with a specialized company that deals only with exotic cars.

Cheapest luxury cars to insure

BrandModelMonthly CostBase Price
AudiS5$98$53,100
Porsche911$105$89,400
PorscheBoxster$105$52,100
PorschePanamera$105$85,000
PorscheCayman$108$53,900
JaguarXJL$110$76,395
JaguarXJR$110$123,395
PorscheCayenne$115$59,600
AudiA7$124$68,800
AudiA5$127$41,200
AudiTT$128$43,500
AudiA4 All Road$132$44,000
AudiS3$132$42,900
AudiS6$132$70,900
AudiSQ5$132$53,300
AudiA6$136$47,600
AudiQ5$138$40,900
Mercedes-BenzSL-Class$140$86,950

Although there’s not a specific definition of what an exotic car is, most people classify them as vehicles over $100,000, or rare, limited edition models that are hard to find. If your luxury car is more than 25 years old, it will typically count as a classic vehicle and may be better covered by a vintage car insurance policy.

Popular luxury and exotic car models

Pros and cons of luxury car insurance

Pros

  • Higher coverage limits. Get better coverage options to keep your assets protected.
  • Free perks. Unlock freebies like roadside assistance or gap coverage that might not come with standard insurance.
  • Status points. Having luxury car insurance can feel like being part of an exclusive club.

Cons

  • More expensive. Luxury car insurance is pricier than regular insurance.
  • Fewer options. Fewer insurance companies offer luxury car insurance policies.
  • Stricter requirements. Some providers could have stricter driver requirements, which means your teen might not be covered under your policy.

Is luxury car insurance worth it?

If you’re on the fence about whether or not luxury car insurance is worth paying for, consider all of your options before making a decision. You can customize a standard comprehensive car insurance policy to closely resemble a luxury policy, but you may not be able to get all the benefits you want and it may not offer the same value for money.

For example, if you drive a BMW but are still confined to a specific budget, you might want to stick to a conventional insurance policy and pay extra for higher collision and comprehensive coverage. Another option would be to pay for an umbrella policy to get extra liability coverage beyond the limits that your car insurance policy offers.

On the other hand, if you drive a super expensive car like the Aston Martin One-77, which sells for around $1.9 million, getting top-of-the-line luxury car insurance is going to be worth it in the long run, since the cost of repairs could be huge.

    If you can’t find a luxury car insurer that’s able to accommodate you, it’s worth considering the mainstream insurers who might be able to provide additional options for valued, long-time customers.

    Who should avoid luxury car insurance?

    If your vehicle doesn’t cost more than your current insurance company’s highest coverage limit, then you probably don’t need luxury car insurance. However, even if you drive a luxury car, you might be able to find an umbrella policy that works for you, depending on the value of your car and your budget.

    An umbrella policy is essentially extra liability coverage. If you have significant assets, an umbrella policy can help protect you if you’re in an expensive accident or if someone tries to sue you because of your high net worth. It’s probably cheaper to add umbrella coverage to your existing coverage than go with a full-on luxury car policy.

    What should I watch out for?

    When shopping for luxury car insurance, there are a few things to be on the lookout for.

    • Ultra-strict driving requirements. Some private luxury car insurance providers will require a squeaky clean driving record before they’ll approve you, and you might have to meet certain age requirements. You might also need to have the car registered to you and not a business or LLC.
    • Agreed value vs. actual cash value. Some luxury car insurance policies use an agreed value instead of actual cash value to determine the maximum payout in the event of a total loss or extreme damage. Before settling on a number, do your research and know what your car is worth.
    • Bait-and-switch scams. Watch out for companies that try to lure you in with seemingly too-good-to-be-true rates, and then turn around and skyrocket your rates to accommodate the higher coverage options you need.

    How do I buy luxury car insurance?

    Buying luxury car insurance is very similar to buying regular insurance, but the prices are likely significantly higher. When shopping for high-performance car insurance, follow these steps to help you find the best rate.

    1. Compare rates for car insurance providers that offer luxury car insurance.
    2. Check coverage options. A cheaper rate might come with less coverage.
    3. Get a quote that factors in the make and model of your car, plus your driving history. Some companies will want to speak to you over the phone or in person, rather than provide an online quote.
    4. Choose the option that gives you the best value and fits within your budget.

    Bottom line

    If you drive an expensive car and want to make sure the cost of repairs is covered after a wreck, theft or vandalism, luxury car insurance could be for you. Otherwise, you still have some options, such as getting an umbrella policy or negotiating an agreed value with your regular insurance company.

    To get the most bang for your buck, make sure you compare insurance providers first.

    Get the cheapest quotes

    Compare car insurance companies near you.

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