Exotic & Luxury Cars and Auto Insurance


If you have a higher valued vehicle, finding auto insurance can prove to be difficult. Depending on the value of the vehicle, horsepower, or the size of your collection; there will be a limited set of insurance companies willing to write the policy.  That can create a bit of a headache trying to arrange coverage for your vehicle.

We have recognized this issue in Ontario’s auto insurance world and have put together resources to help those who need to get their vehicles properly insured. Your vehicle is an investment, and it should be protected just like your other investments.

The aim of this article is to provide a high-level idea of what should be considered when insuring these types of vehicles and to point out how important it is to have a highly skilled insurance broker helping you find the right coverage for your investment.

How to Insure a High-End Vehicle?

There are insurance companies who specialize in insuring more expensive vehicles. They will offer coverage that is geared towards insuring these types of automobiles and will include extra perks such as the ability to insure collections, specialized towing, and claim expertise with high end vehicles.

It would be ideal to get your vehicle insured with one of these insurance companies, but they can be picky on the amount of horsepower or your driving history. It is important to have an insurance broker who can help you find the best insurance company for your vehicle and for your driving experience.

An insurance broker can wade through your options and find you the best place to insure your vehicle. Having a broker can make the insurance buying experience significantly easier for you and you can rely on their expertise to find you the right coverage for your vehicles.

What is Considered a Luxury, Exotic, or High-End Vehicle?

There is no hard fast rule that every company abides by or any set make and model of automobile. Every insurance company will have a different value of vehicle that they will not insure above.

If your vehicle is worth more than $100,000, there is a good chance that regular insurance markets will not want to insure it. This will force you to either to go with what is called a Facility insurance policy or to a specialized insurance company. Again, having a broker could save you a lot of time and money if they are able to find the right insurance company to insure your vehicle.

What About Imports and Right-Hand Drive Vehicles?

We can insure both imported vehicles and right-hand drive vehicles. These do not need to be high end or luxury vehicles, but we can find insurance for those too.

Why is an Insurance Company with Claims Experience Important?

When you have a higher end vehicle, you will obviously treat it a little different than a regular daily driver. The parts usually cost significantly more; the vehicle often cannot be towed in traditional ways.  Even the smallest amount of damage can have a high price tag.

For these reasons, you are going to want professionals who understand these types of vehicles taking care of any claims or accidents you have had. They can assign tow trucks that have flatbeds with straps that will not scratch your vehicle. They can source parts for your vehicle that may be hard to come by or they can make sure your vehicle does not end up at just any auto body repair shop.

How Do I Insure My Vehicle Collection?

If you have a collection of cars that have a total combined value of $500,000 or more, we have access to a program that is specifically created to the collector’s unique needs.

These policies will provide expertise and unique coverages from overseas shipping to having coverage for your spare parts. These types of policies have many perks and will have a dedicated team that is assigned to your collection.

If you have a higher valued collection, this is the ideal solution to your insurance needs.

The Conclusion

Insuring your vehicles is important in order to protect your investment. Having highly skilled professionals help you place that insurance is just as important. If you have a high valued vehicle or a collection of vehicles, call our office today to learn more about how we can help you protect those vehicles that you adore.