Why is car insurance more expensive for celebrities?
Car insurance companies will charge higher premiums depending on your driver risk and potential costs to repair your car. As a result, rare and expensive cars that celebrities typically drive can be very costly to insure.
What car insurance companies do celebrities use?
As noted by AutoInsurance.org, celebrities probably get their auto insurance from high-end companies that are targeted towards wealthier clients. Two of the most popular insurance companies that offer coverage on exotic cars are Grundy Insurance Company and Hagerty Insurance.
Celebrities might not be able to get coverage from traditional companies like GEICO or Allstate. Some of these companies turn away high-risk drivers, and they might not have coverage that works for expensive or rare cars.
High-end insurance companies make it easier for celebrities to process claims, but they'll be paying a lot more than the average driver for car insurance. If you can afford to spend hundreds of thousands on a car, you can probably afford the security, maintenance, and insurance costs.
What kind of coverage do celebrities need?
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