Best Car Insurance Rates for Luxury and Exotic Cars (2025)
USAA, Progressive, and GEICO are three of the best car insurance companies for owners of luxury vehicles.
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Written byAngela Brown
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Edited byKatie Powers
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Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Data reviewed byKonstantin Halachev
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7+ years experience in data analysis
Ph.D. in Computational Biology
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
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Table of contents
Table of contents
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.
Quick Facts
Sports, luxury, and performance cars qualify for higher insurance rates.
Agreed-value policies provide exotic car owners with the most insurance protection.
Exotic car insurance policies provide drivers protection against damages at car shows and events.
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
| User Reviews | 4.9 |
|---|---|
| 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. | $51/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. | $97/mo |
4.9
Best choiceBased on 2,183 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 (1,220)
David
Verified Review
USAA not the same anymore
Reviewed in Florida on September 2025
Shop around; they have become expensive in comparison. I had a claim and told the adjuster they were being overcharged by the shop, but the adjuster would not listen and paid the higher charges.
Denise
Verified Review
Excellent service
Reviewed in South Carolina on September 2025
Great service. Always available to answer questions. Quick email responses. Very good customer service.
Angela
Verified Review
Expensive and Non-Existent Customer Service
Reviewed in Georgia on September 2025
USAA is extremely difficult to deal with. They will ask you an assortment of questions to verify who you are, but you can never seem to get verified, so you cannot actually talk to a live person.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
739NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.31A.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
| 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. | $102/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. | $177/mo |
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 (7,102)
Godfrey
Verified Review
High Rate
Reviewed in Missouri on September 2025
They raised the rate within 4 months without notice for no apparent reason.
Karen
Verified Review
Changed my current insurance to Progressive
Reviewed in Virginia on September 2025
I started with a cheaper rate, but then it went up by $50. Terrible, looking for something else as they raised my insurance by $59.
Katrina
Verified Review
High cost for low payout
Reviewed in Rhode Island on September 2025
Terrible cost for new drivers. Don’t choose this if you’re new.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
622NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.97A.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
| User Reviews | 3.9 |
|---|---|
| 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. | $97/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. | $136/mo |
3.9
A solid optionBased on 12,250 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 (6,507)
Mckenzie
Verified Purchase
Best experience I've ever had with purchasing insurance for a vehicle!
Reviewed in on September 2025
They were fast, friendly, and only asked me questions that needed to be asked.
Nicholas
Verified Review
Geico not so good.
Reviewed in New York on September 2025
They don’t pay out claims easily. They keep raising rates even though I have a clean driving record and barely drive.
Kathleen
Verified Review
Geico Insurance
Reviewed in California on September 2025
Their insurance is too high; the rates go up every year just so they can add to their pockets. It's sad that you have no choice.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
637NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.59A.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 $182/mo.
Secure. Free. Easy-to-use.
Based on 7,669+ 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 $182 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.
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.
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.
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.
Cheapest recent rates
Drivers have found policies from Farmers, Allstate, Orion Indemnity Company, and more, for rates as low as $41/mo. through Insurify
*Quotes generated for Insurify users within the last 10 days. Last updated on September 18, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from September 18, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on September 18, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from September 18, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
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
Driving an exotic car comes with a higher car insurance price tag. The following information should answer your remaining questions about insuring luxury vehicles and finding the best insurance option for your needs.
Does it cost more to insure a luxury car?
Yes. An insurance policy on an exotic vehicle will have more expensive premiums.
Insurance companies charge more for coverage on these vehicles because they typically require specialty parts for repairs. Additionally, luxury cars are more valuable, so policies are higher to offset the additional coverage cost of replacement.
How much does it cost to insure a Lamborghini?
On average, Lamborghini drivers can expect to pay around $516 per month for full-coverage insurance.
How much does it cost to insure a Ferrari?
The average cost of full-coverage insurance for a Ferrari is $601 per month.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
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Sources
- USAA. "What's classic car insurance?."
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Angela Brown
Angela Brown is a freelance writer with 17 years of professional writing and editing experience.
She specializes in finance, real estate, and insurance content. Angela uses her experience to
create easy-to-understand content that helps consumers understand tough topics better. When
she’s not working, she enjoys spending time with her family and planning vacations.
Angela has been a contributor at Insurify since October 2022.
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in
7+ years experience in data analysis
Ph.D. in Computational Biology
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.