What car insurance company will insure luxury cars?

What insurance company will best insure a luxury car? My wife and I are thinking about splurging and getting ourselves a luxury car. We can only afford to do so because we are so careful with our finances. In order to consider everything, we want to start getting insurance quotes.

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Shannon Martin
Answered on Jul 09, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“It is always good to be prepared when it comes to large financial investments!
The insurance company you go with may depend on what type of car you plan on getting.
What do you consider a luxury car? If you are thinking of an Audi, Mercedes-Benz, or BMW, you will be able to find coverage with almost any insurance company.
If your taste is on the higher-end of luxuries, like Aston Martin or Maserati, your options will be limited.
If your car is valued at between $100,000 and $150,000, you will be able to obtain coverage with GEICO or Progressive.
Anything over $150,000, you will want to acquire quotes from Allstate and State Farm. Both of these carriers will write a policy for exotic cars, but usually only for drivers with an excellent driving record.
Aside from value, other factors that will impact your price will be the higher liability coverages these vehicles require, so be sure to budget that in.”
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