Best Auto Insurance for Supercars in 2024 (Your Guide to the Top 10 Companies)
Allstate, Chubb, and AAA have the best auto insurance for supercars, especially for drivers looking for full coverage. With minimum insurance rates starting at just $40 per month, these companies offer the best insurance for exotic cars with add-on options like new car replacement and Agreed Value coverage.
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
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UPDATED: Oct 25, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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11,413 reviewsCompany Facts
Full Coverage For Supercars
A.M. Best Rating
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11,413 reviews
69 reviewsCompany Facts
Full Coverage For Supercars
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69 reviews
2,934 reviewsCompany Facts
Full Coverage For Supercars
A.M. Best Rating
Complaint Level
Pros & Cons
2,934 reviews
Allstate, Chubb, and AAA offer the best auto insurance for supercars, especially for drivers looking for a policy with increased coverage.
Allstate takes our top pick for supercar insurance companies because it makes it easy to cover your exotic vehicle with options like roadside assistance and new car replacement. It’s also one of the best auto insurance companies that offers Agreed Value coverage.
Our Top 10 Company Picks: Best Auto Insurance for Supercars
| Company | Rank | Safe Driver Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 11% - 19% | A+ | Claims Satisfaction | Allstate |
 | #2 | 13% - 20% | A++ | High-Value Vehicles | Chubb |
 | #3 | 12% - 14% | A | Roadside Assistance | AAA |
 | #4 | 10% - 15% | A | Occupational Discount | Liberty Mutual |
 | #5 | 5% - 12% | A++ | Military Drivers | USAA |
 | #6 | 8% - 15% | A++ | Good Drivers | Geico |
 | #7 | 5% - 10% | A++ | Extensive Discounts | State Farm |
 | #8 | 7% - 17% | A+ | Usage-Based Rates | Nationwide |
 | #9 | 9% - 18% | A++ | Specialized Coverage | Travelers |
 | #10 | 6% - 16% | A+ | Filing Claims | Erie |
Read to find the best insurance for supercars, no matter what you drive. Then, enter your ZIP code into our free quote comparison tool to see the best rates in your area.
- Supercars, also called exotic cars, are defined by their high-performance engines
- Most supercars have higher insurance rates because they cost more to repair
- Allstate and Chubb have the best supercar insurance
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#1 – Allstate: Top Pick Overall
Pros
- Agreed Value Coverage: A standard car insurance policy covers a vehicle’s actual cash value (ACV). With Agreed Value coverage, your policy will pay for a predetermined amount, so your vehicle is completely covered.
- Good Customer Service Reputation: Allstate has a reputation for its excellent customer service representatives. See what customers have to say in our Allstate auto insurance review.
- Valuable Add-ons: You can increase the coverage in your supercar policy with Allstate’s add-on options. Popular choices include new car replacement and accident forgiveness.
Cons
- Higher Rates: Although Allstate offers excellent hypercar insurance, you’ll likely see higher rates. Allstate tends to be one of the more expensive options for car insurance.
- Poor Claims Resolution: Allstate doesn’t have the best reviews for its claims resolution process. Additionally, mechanics in the Allstate network report being unsatisfied with Allstate’s collision repairs process.
#2 – Chubb: Best for Guaranteed Original Parts Replacement
Pros
- High Coverage Limits: Chubb has some of the highest liability limits, offering up to $10 million in coverage. This makes it one of the best exotic car insurance companies for high-end vehicles.
- Guaranteed Original Parts Replacement: Every Chubb policy includes original parts replacement, which guarantees any repairs done on your vehicle won’t be done with aftermarket parts.
- Personalized Service: Chubb focuses on providing excellent customer service that focuses on each driver’s unique needs.
Cons
- Expensive Coverage: With its focus on insurance for supercars, Chubb has higher average rates than some of its competitors. See how much you might pay in our Chubb auto insurance review.
- Strict Underwriting Criteria: Chubb has requirements for the cars it covers. For example, Chubb doesn’t cover drivers with things like multiple accidents on their driving record.
#3 – AAA: Best for Roadside Assistance
Pros
- Roadside Assistance Plans: AAA offers three roadside assistance plans to keep drivers safe wherever they go. Explore each plan in our AAA auto insurance review.
- Fewer Complaints: AAA receives fewer complaints than similarly-sized companies, meaning you’ll likely be satisfied with your coverage.
- Member Bonuses: Drivers with AAA insurance get access to more than roadside assistance. You’ll also get discounts for things like shopping, hotels, and even flower delivery.
Cons
- Discount Availability Varies: AAA is run in regional clubs, meaning you might see variations in coverage and discount availability. Learn more about how AAA works in our AAA auto insurance review.
- Membership Required: You need to purchase membership before you can purchase AAA auto insurance, which increases the overall price of your insurance.
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#4 – Liberty Mutual: Best for Diverse Coverage Options
Pros
- Customizable Policies: Find the best auto insurance for exotic cars with Liberty Mutual’s diverse coverage options. See what you can add to your policy in our Liberty Mutual auto insurance review.
- Multi-Vehicle Discount: Among its 17 discounts is the Liberty Mutual multi-vehicle discount, which is an excellent way for families or supercar collectors to save.
- RightTrack: Save up to 30% on your exotic car insurance rates by enrolling in RightTrack, Liberty Mutual’s usage-based insurance (UBI) program.
Cons
- Above Average Complaints: Despite offering some of the best insurance for exotic cars, Liberty Mutual receives more customer complaints than expected for a company its size.
- Unimpressive Rates: Liberty Mutual’s sports car insurance rates are higher than the national average, and many customers feel the higher prices don’t reflect better quality coverage.
#5 – USAA: Best for Military Members
Pros
- Specialized Military Coverage: USAA focuses on providing specialized coverage for military members. See how USAA serves drivers who serve their country in our USAA auto insurance review.
- Excellent Customer Service: Drivers looking for performance car insurance they can rely on will find excellent customer service at USAA.
- Affordability: USAA is almost always the cheapest option for supercar insurance, especially for drivers who have a gap in their insurance history.
Cons
- Membership Eligibility: Not everyone can purchase USAA high-performance car insurance. Only active or retired military personnel and their immediate families are eligible for coverage.
- No Gap Insurance: While it offers a few good coverage options, USAA doesn’t offer gap insurance.
#6 – Geico: Best for Government Discounts
Pros
- Government Employee Discount: Geico offers 16 discounts, including its unique government employee discount, to help supercar owners who work for the government save.
- Competitive Rates: Geico offers cheap sports car insurance rates to most drivers, especially for drivers with speeding tickets or at-fault accidents.
- Convenient Online Tools: It might not have the largest network of local agents, but Geico makes it easy to manage your policy and start claims with its robust online tools.
Cons
- Limited Specialized Coverage: Geico offers cheap car insurance for high-performance cars, but it lacks many of the coverage options supercar owners expect. Explore Geico’s coverage options in our Geico auto insurance review.
- Customer Service Varies: Geico’s reputation for customer service is mixed – some drivers love the service, while others are not impressed.
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#7 – State Farm: Best for Luxury Vehicles
Pros
- Comprehensive Coverage Options: State Farm sets itself apart as one of the best supercar insurance companies with its excellent coverage options.
- Strong Financial Ratings: You won’t have to worry about State Farm claims going unpaid, no matter how expensive your vehicle is. State Farm has an A.M. Best rating of A++, indicating superior financial stability.
- Discount Opportunities: State Farm offers 13 discounts to help you find the best insurance for sports cars at the right price.
Cons
- High Premiums for Some: State Farm is often an affordable option, but some drivers see higher rates. Explore State Farm’s rates in our review of auto insurance from State Farm.
- Average Customer Satisfaction: When it comes to customer satisfaction, State Farm’s rates hover around the national average.
#8 – Nationwide: Best for UBI Savings
Pros
- Telematics Programs: Save up to 40% with Nationwide’s SmartRide, a UBI program that tracks your driving habits. Nationwide also offers a pay-per-mile option called SmartMiles.
- Agreed Value Coverage: Drivers with expensive, exotic cars will appreciate Nationwide’s agreed value coverage, which guarantees you’ll receive a set amount if your car is totaled.
- On Your Side Review: Once a year, you can elect to have a Nationwide agent comb over your policy to ensure you still have the right coverage.
Cons
- Limited Number of Agents: Nationwide focuses more on digital policy management, so some areas don’t have as many local agents to call on.
- Lengthy Claims Process: Some customers report that Nationwide’s claims process is slow. Learn more about Nationwide claims in our Nationwide auto insurance review.
#9 – Travelers: Best for Drivers With a Speeding Ticket
Pros
- Affordable Rates: Travelers isn’t always the cheapest option, but sports car owners with speeding tickets will likely find affordable coverage here.
- IntelliDrive: Safe drivers can save a maximum of 30% by signing up for Travelers’ IntelliDrive program. See if IntelliDrive can help you save in our Travelers auto insurance review.
- Specialized Coverage: Get valuable coverage for your supercar with Travelers add-on options like new car replacement and roadside assistance.
Cons
- Average Rates: It may have affordable rates for drivers with a speeding ticket, but Travelers is by no means the cheapest option for insurance.
- Limited Online Options: Travelers sells its insurance more through representatives than online, so tech-minded drivers might prefer a different company.
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#10 – Erie: Best for Young Drivers
Pros
- Low Rates: Erie almost always has affordable rates, but young drivers in particular will find savings with this company.
- Personalized Service: Get personalized insurance quotes for sports cars from Erie’s dedicated insurance representatives.
- Superb Reviews: Erie tends to receive excellent customer reviews for its coverage options and rates. Explore what customers have to say about their experience in our Erie auto insurance review.
Cons
- Limited Availability: It may offer affordable supercar insurance costs, but Erie is unfortunately only available in 12 states.
- Fewer Discounts: Despite offering low rates, Erie only has eight discounts to help drivers save.
Best Auto Insurance Options for Supercars
A standard policy will not cover a supercar, so your auto insurance company will require that you purchase a special policy for your vehicle. Due to the high replacement value and repair costs associated with supercars, your best option is to buy an agreed value policy.
Agreed value auto insurance for supercars sets a maximum payout based on your car’s total value. An appraiser will determine the value of your car, so you and the insurance company can agree on policy limits that will appropriately cover the vehicle in case of a claim.
Agreed value is different than a standard policy, which uses actual cash value to determine how much to pay in a claim. ACV policies determine your car's worth by adjusting for depreciation. Agreed value, on the other hand, will pay a set amount if you total your car, no matter how old your car is.Zach Fagiano Licensed Insurance Broker
The type of agreed value policy each company offers will depend on the kind of supercar you drive. For example, some drivers can qualify for sports car insurance if their exotic auto fits other parameters. Further, a vintage supercar used for shows may qualify for classic car insurance, which can result in cheaper auto insurance rates with certain companies.
You may also opt for additional coverages, including event and car club insurance if you use your car in shows or parades. If you’re financing your supercar, the loan company may require you to carry gap insurance. Any extra insurance coverage will raise your rates, so shop with multiple companies to find the best price for your policy.
Auto Insurance Rates for Supercars
Supercar insurance rates will vary based on the driver and the model, but you can expect to pay more than standard auto rates. On average, supercar insurance costs between $250 and $450 per month, nearly twice that of the national average.
The type of supercar you drive will have the most significant impact on your auto insurance rates. For example, even the best-value supercar — the Porsche 911 — is among the most expensive cars to insure. Check below to see average rates from our top companies for supercar insurance.
Supercar Auto Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| AAA | $40 | $125 |
| Allstate | $48 | $160 |
| Chubb | $55 | $200 |
| Erie | $23 | $60 |
| Geico | $30 | $80 |
| Liberty Mutual | $35 | $90 |
| Nationwide | $44 | $115 |
| State Farm | $33 | $86 |
| Travelers | $41 | $107 |
| USAA | $25 | $65 |
Although minimum insurance is cheaper, most drivers choose full coverage. The best auto insurance for sports cars and other high-performance, luxury vehicles might cost a little more, but most drivers agree the price is worth it.
Understanding Supercar Insurance Rates
Getting supercar insurance quotes is usually simple — all you need to do is complete a quote request form, like the one seen below.
However, understanding why your rates look the way they do is another story. There are a number of factors that affect auto insurance rates. Supercar insurance is more expensive than standard auto insurance for multiple reasons. The biggest factor is the vehicle’s MSRP. Additionally, high-price vehicles are stolen more often, leading to increased insurance rates.
The price of an exotic car also leads to expensive repair and replacement costs if the vehicle is stolen or damaged in an accident — insurance companies charge higher rates to cover this difference.
Insurers are inclined to raise rates because supercars increase in value as they age. Unlike standard autos that depreciate as soon as they leave the dealership, insurance companies have to raise rates to compensate for the appreciation of your supercar over time. This is why it’s recommended that you buy agreed-value auto insurance to protect your vehicle.
How to Lower Your Supercar Insurance Rates
Supercars are among the hardest vehicles to insure, but that doesn’t mean there aren’t ways to save money on insurance.
You can lower your auto insurance rates by maintaining a good driving record, garaging your supercar, and paying your insurance bill in full. These things will earn you car insurance discounts from many companies that offer insurance for exotic cars.
Other popular insurance discounts for supercars are:
- Homeowners Discounts: Owning a home and having a home insurance policy with the same company can earn you between 5%-10% off your auto rates.
- Paperless Discounts: Paying your bills online can reduce your supercar insurance.
- Driver Safety Discounts: Taking a defensive driver class will give you 10% off your rates with some companies.
Insurance companies also offer discounts to drivers who only use their supercars for show and drive under a certain number of miles per year. Check below to see how many discounts each of our top companies offer.
You should also consider enrolling in a usage-based insurance program, like Milewise from Allstate. These programs track your driving behaviors with a plug-in device or mobile app. Then, they generate a discount based on your driving habits, with the safest drivers earning maximum savings.
If you want to reduce your supercar insurance rates further, consider driving an American counterpart over an imported model. Repairs on imported cars are expensive and parts are often unavailable. You will find more affordable rates for American supercars because repairs are more feasible.
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Get the Best Auto Insurance for Supercars Today
Whether you already own a supercar or are in the market for a brand-new one, it’s important to know how to save money on your auto insurance. Supercar insurance can cost upwards of $450 per month, but you can lower your rates by learning how to evaluate auto insurance quotes.
The easiest way to save money on your auto insurance policy is to shop around and compare prices. Enter your ZIP code into our free comparison tool to find the best insurance rates for your supercar today.
Frequently Asked Questions
Are supercars more expensive to insure compared to regular cars?
Yes, supercars are generally more expensive to insure compared to regular cars. This is primarily due to their high value, powerful engines, and increased risk of theft or damage. Insurance premiums for supercars tend to be higher to account for the higher cost of repairs and replacement parts.
How much is supercar insurance?
There are several things to consider including non-driving factors that affect your auto insurance, supercar insurance rates can be affordable. The average driver pays about $37 per month for minimum insurance and $108 per month for full coverage.
What factors affect the insurance rates for supercars?
Several factors can influence insurance rates for supercars, including the car’s make and model, horsepower, value, age, the driver’s age and driving record, location, and security features. Higher-performance supercars with higher values typically result in higher insurance premiums.
Are there specialized insurance policies specifically for supercars?
Yes, some insurance companies offer specialized insurance policies specifically tailored for supercars. These policies may provide coverage options and features that cater to the unique needs of supercar owners, such as agreed value coverage, specialized repair facilities, or coverage for modifications. It’s advisable to inquire with insurance providers that specialize in high-value or exotic car insurance.
If you want specialized insurance, you’ll need to compare quotes to find the right price. Enter your ZIP code into our free tool to find the best prices for you.
What is agreed value coverage for supercars?
Agreed value coverage is a type of insurance coverage often offered for supercars. It ensures that in the event of a total loss or theft, the insurer will pay an agreed-upon value that reflects the car’s true worth, rather than its depreciated market value. This helps supercar owners receive appropriate compensation in case of a loss.
Are there any additional security measures required for insuring supercars?
Insurance companies may require additional security measures for insuring supercars. These measures can include installing advanced alarm systems, tracking devices, and immobilizers to help prevent theft. Implementing these security measures can not only protect the vehicle but also potentially reduce insurance premiums with an anti-theft auto insurance discount.
Can I get coverage for track use or racing events for my supercar?
Standard auto insurance policies typically do not provide coverage for track use or racing events. However, some specialty insurance providers may offer separate coverage options specifically designed for track use. It’s important to inquire with insurance companies that specialize in high-performance or exotic car insurance to explore coverage options for track use.
Is it possible to lower insurance premiums for supercars?
While insurance premiums for supercars are generally high, there are a few strategies to help lower them. These include maintaining a clean driving record, increasing deductibles, bundling auto insurance with other policies, installing additional security features, and shopping around for the best rates by obtaining quotes from multiple insurance providers. You can also choose the bare minimum coverage to meet your state’s car insurance requirements.
Do modifications affect supercar insurance premiums?
Yes, modifications can impact supercar insurance premiums. Modifications that enhance performance, alter the appearance, or increase the value of the car may result in higher insurance costs. It’s important to inform the insurance provider about any modifications made to the supercar to ensure proper coverage and accurate premium calculations.
Are sports cars more expensive to insure than supercars?
It depends on the car, as many supercars are also classified as sports cars. Supercars are generally more expensive to insure, however, because they cost more to purchase. For example, even cheap Lamborghini auto insurance will likely cost more than coverage for a Subaru BRZ.
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
