Best Car Insurance Rates for Luxury and Exotic Cars (2025)

If you own a luxury or exotic vehicle, you can expect to pay higher-than-average car insurance rates. Exotic cars and other high-performance vehicles typically cost more to insure because they’re worth more money and require costly specialty parts for repairs. Auto insurance companies consider a car’s value when setting rates.

Before buying a car insurance policy, you should always compare auto insurance quotes and coverage options from multiple insurers. Here’s what you need to know about finding the cheapest car insurance for your luxury or exotic vehicle.

Best luxury car insurance companies

Car collectors and driving aficionados need to find the right exotic car insurance to protect their cars. While many exotic car owners use their cars infrequently, having the right insurance can provide peace of mind and vehicle protection in the event of damage.

If you’re a collector, you’ll want to purchase a full-coverage policy because liability coverage doesn’t offer enough protection for your vehicle. Start your search for the best insurer for your needs below.

Best for military members and spouses: USAA

military members and spouses

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User Reviews	4.9 1,196 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.1 /10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$49/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$99/mo

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Driver Reviews

4.9

Best choiceBased on 2,109 verified guest reviews and ratings

How drivers feel about USAA

Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.

AI-generated from the text of verified reviews collected by Insurify

Best For

Members of the military community

Outstanding customer service

Competitive rates

How drivers feel about USAA

Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.

AI-generated from the text of verified reviews collected by Insurify

Best For

Members of the military community

Outstanding customer service

Competitive rates

Reviews (1,196)

James

Verified Review

Great insurance for those who qualify.

Reviewed in Nebraska on July 2025

When a claim is made, USAA will settle the claim in a fast and reasonable manner. They have your back.

William

Verified Review

May find more affordable.

Reviewed in Washington on July 2025

Great service, too high premiums.

Errin

Verified Review

They Could Do Better!

Reviewed in Florida on July 2025

Average, but not a real discount rate, and rates go up yearly and worsen after even a small claim.

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JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

739

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

1.31

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

USAA provides competitive car insurance rates for active and retired military members and eligible family members. Exotic car owners with USAA membership can benefit from USAA’s partnership with American Collectors Insurance.

USAA policyholders can save up to 5% on classic car coverage through American Collectors Insurance. The coverage includes agreed-value coverage, a mileage plan, and automatic coverage for new vehicles.^[1]

Pros

• Low rates for military members

• Agreed-value coverage and mileage plans 

• Allows collectors to automatically protect new purchases up to $100,000 for up to 30 days

Cons

• Membership limited to current, reserve, and retired military members and families

• Classic car coverage technically not through USAA

• Vehicle must meet specific requirements to qualify as classic car

Best for luxury vehicles under $150,000: Progressive

luxury vehicles under $150,000

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JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	622
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	8.7 /10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$105/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$170/mo

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Driver Reviews

How drivers feel about Progressive

Customers appreciate the insurer’s good customer service and initial affordability but dislike the consistent price increases and complex claims process.

AI-generated from the text of verified reviews collected by Insurify

Best For

Competitive rates

Easy buying process

Telematics program

How drivers feel about Progressive

Customers appreciate the insurer’s good customer service and initial affordability but dislike the consistent price increases and complex claims process.

AI-generated from the text of verified reviews collected by Insurify

Best For

Competitive rates

Easy buying process

Telematics program

Reviews (6,936)

Cary

Verified Review

Fooled by a good deal that’s only good for six months

Reviewed in Nevada on July 2025

They give you a good deal for your first 6 months. Then they turn around and double your rate for the next 6 months, even though you have an excellent driving record for the past 35 plus years.

Alice

Verified Review

Hidden Charges

Reviewed in Texas on July 2025

The company has hidden charges that are not disclosed upfront.

Mamie

Verified Review

Beware

Reviewed in Florida on July 2025

Beware, they will add coverage and household members to your policy before contacting you and expect you to pay for it.

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JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

622

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.97

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A+

Why we picked this company

Progressive offers coverage for classic, luxury, and sports vehicles. However, Progressive only covers vehicles valued at up to $150,000. Progressive is the second-largest car insurance company by market share in the U.S., and it offers many other insurance products. Exotic car drivers will appreciate the accessibility of the company’s mobile apps and customer service.

Pros

• Offers agreed-upon value coverage

• Good industry reputation

• Discounts for safety features, like an anti-theft device

Cons

• Only provides coverage for high-end vehicles valued up to $150,000

• Classic car policy isn’t for exotic vehicles you drive daily

• High number of customer complaints

Best for classic cars: GEICO

classic cars

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User Reviews	4.0 6,437 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.2 /10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$113/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$144/mo

Show Details

Driver Reviews

4.0

Best choiceBased on 12,007 verified guest reviews and ratings

How drivers feel about GEICO

Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.

AI-generated from the text of verified reviews collected by Insurify

Best For

Teen drivers

Cheap rates

Accident forgiveness

How drivers feel about GEICO

Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.

AI-generated from the text of verified reviews collected by Insurify

Best For

Teen drivers

Cheap rates

Accident forgiveness

Reviews (6,437)

Jon

Verified Review

I've had a great experience with them. I initially thought they were a little high, but I've found out that nobody else can come close to their rate.

Reviewed in Washington on July 2025

I've had a great experience with them. I initially thought they were a little high, but I've found out that nobody else can come close to their rate.

Richard

Verified Review

Pricing Information

Reviewed in Florida on July 2025

They quoted me one price, but when I called them back, they gave me another, higher price.

Jacq

Verified Review

My policy is expensive and customer service is lacking

Reviewed in New Jersey on July 2025

I find my policy to be expensive, and when I need help, I have to call multiple times to get my issue resolved. Overall, I'm unsatisfied with the service.

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

637

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.59

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

GEICO allows owners of high-end vehicles to customize insurance products to fit their needs best. The company partners with American Modern Insurance Group or Assurant to provide classic car insurance for collectors.

This classic car coverage includes liability, collision, and comprehensive coverage, but you can also choose to include towing and roadside reimbursement coverage.

Pros

• Agreed-value coverage means no depreciation

• Option to purchase up to $500 in spare parts coverage

• Customizable coverage based on vehicle year, make, and model

Cons

• Only covers vehicles used for exhibitions, club activities, and leisure

• Must store covered classic vehicles in fully enclosed, locked buildings when not in use

• Classic car coverage technically not through GEICO

Find Full-Coverage Insurance

Full-coverage rates in the U.S. start at $193/mo.

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Based on 3,806+ reviews

4.8/5

How much does luxury car insurance cost?

High-end vehicles typically cost more to insure than what the average driver pays for coverage. The average cost of full-coverage car insurance in the U.S. is $193 per month. Drivers with luxury vehicles pay higher rates, with an average of $237 per month for full-coverage insurance.

Compare the average cost of full-coverage insurance for luxury vehicles from the insurers below.

Insurance Company	Average Monthly Quote
USAA	$112
State Farm	$125
GEICO	$130
Allstate	$154
Progressive	$168
American Family	$195
Nationwide	$210
Liberty Mutual	$214
Travelers	$222
Farmers	$271
The General	$287

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

What is an exotic, luxury, or performance car?

Insurance companies put sports cars, luxury vehicles, classic cars, and performance cars like Teslas into a different category than other vehicles. These vehicles often have higher horsepower and lighter body weight.

Insurance companies include unique, exclusive, customized, and concept vehicles as luxury or exotic. This includes cars you expect — like a Porsche, BMW, or Ferrari — as well as vehicles that simply cost more to insure, like Teslas and Dodge Chargers.

How to get the best value for your car insurance

If you’re driving an exotic vehicle, you should have enough coverage to properly protect your vehicle, including collision and comprehensive insurance. Having more coverage comes with a higher insurance price tag. You should prioritize finding a reasonable price that offers the most coverage for your investment.

1. Determine how much your car is worth. You’ll get more coverage if you choose a policy based on the agreed value of your car instead of a standard policy. So, knowing the value of your vehicle will help you when determining an agreed value with your insurer later on.

2. Make sure you have the proper paperwork. You’ll need to have vehicle information on hand, including the make, model, and year of your vehicle. You may also need to provide photos of your engine, the car’s interior, and other areas to help determine the actual value. These photos will also come in handy in the event of a car accident or theft.

3. Check rates and coverage options from multiple insurance companies. Comparing quotes from multiple companies is the best way to find the cheapest coverage for your vehicle. Take the time to research different companies and find out how they value vehicles and the types of exotic car insurance policies they offer. You’ll want to choose the company that provides the best protection against loss for a fair price.

Exotic car insurance coverage types

If you need to buy insurance for a luxury vehicle, you’ll want to consider the following coverage types.

Full coverage

Full-coverage policies typically include liability, comprehensive, and collision insurance. Full coverage means you’ve got maximum protection for your car, passengers, and other drivers, regardless of fault in an accident.

Exotic car damages are costly to repair, so paying for protection could prevent future financial loss. Liability insurance isn’t sufficient coverage for high-end cars.

Gap insurance

Gap coverage protects you if the amount the insurance company pays out on your claim in the event of a total vehicle loss doesn’t meet the amount you still owe your lender if you financed or leased your vehicle. The gap policy would pay the difference, so you don’t have to pay out of pocket.

Not all insurers offer gap coverage, so you’ll need to talk to your insurance agent to see your options.

Agreed value

Exotic vehicle drivers should consider an insurance policy that focuses on the car’s agreed value. While standard consumer vehicles devalue over time, exotic vehicles typically don’t. In fact, most exotic cars appreciate value over time. 

Agreed-value policies also make filing claims less of a hassle since you won’t need to deal with an insurance adjuster.

Coverage for shows

If you own an exotic car, you may want to show it off in a vehicle exhibition or show. Insurance companies specializing in exotic cars are more likely to offer coverage to protect your vehicle and yourself from physical damage or injury at car shows and events.

Exotic car insurance FAQs