Steps You Can Take to Get the Best Insurance for Your Supercar


Steps You Can Take to Get the Best Insurance for Your Supercar

Don’t Settle for Just Any Insurance

Car insurance is important for any car you own regardless of the year, make, or model. You’re required by law in most cases to have it, and even if you weren’t, to go without it isn’t smart. Car insurance protects not only your car but you in the event of an accident or unfortunate event.

With a supercar, it’s even more important.

Your supercar isn’t just a mode of transportation. It’s a piece of art, likely a piece of automotive history, and finally a great sense of pride. You need to ensure that this special automotive possession is well-cared for and well-protected. Getting the proper insurance for your car is just one of the ways you can ensure your car stays on the road and in good condition. 

What Is the Best Insurance For Your Supercar?

lamborghini supercar

When the Average Joe hears the phrase “the best insurance,” their mind probably turns immediately to price. With a supercar, price is still important. However, it’s less important than the quality of coverage and the company you’re working with. 

Being stingy on car insurance for your supercar can mean that you don’t get enough coverage. It may also mean you’re working with a disreputable company. Instead of hunting down the cheapest car insurance, you should think about getting the best overall package.

Instead of hunting down the cheapest car insurance, you should think about getting the best overall package. This means getting the insurance that’s not only fairly priced but from a good company that can provide you with all the coverage that you need. Recently, we spoke with iSelect car insurance out of Australia to see what tips the company could provide to supercar owners trying to find the best possible insurance for their car. Here’s what came out of that conversation. 

What You Can Do to Get the Best Insurance

Woman sitting in front of her Audi R8

When it comes to finding the best car insurance for your supercar, iSelect suggest taking plenty of time to shop around. The company told us that prices can vary significantly from company to company. You really need to do some research to ensure you’re getting the best coverage for the best price. iSelect actually has a comparison tool to make shopping around easier. 

Additionally, supercar owners need to be sure they buy enough insurance to fully replace the car if needed. Owners should be certain the policy will ensure genuine parts are used in the repair. Some companies will try to find repair shops that will use less-expensive parts and components. This can be detrimental to the value of your supercar. This brings up another important point that iSelect points out: you need to work with a reputable company.

While there are a variety of quality insurance providers out there, you need to find one that has a strong history of customer satisfaction. “Look for an insurance company that has been around for at least 20 years,” an iSelect spokesperson told us. If the company has been in business for a long time and has satisfied customers, it’s a pretty clear indicator that they know what they’re doing. 

When it comes to helping keep costs down, iSelect suggest that you do three things. They are: always keep the car in the garage, never let anyone under 25 drive the vehicle, and never lend the car to another driver. Make sure to tell the insurance agent this when making your purchase.

iSelect also told us you should shop around once a year. The price of insurance can fluctuate dramatically over time. This means the price of insurance for your supercar will change. Because of this, you should check on the prices about every 12 months.