Private Client

Luxury Car Insurance for Exotic and Collector Vehicles

A car that appreciates, a car driven a few weekends a year, and a performance car in daily use may each call for a different policy structure. Standard auto forms commonly settle on actual cash value, which may not reflect what a collector or exotic vehicle is worth at the time of a loss. Neil Jesani Risk Management places agreed-value programs that set a figure in advance and account for how each vehicle is stored, driven, and shown.

Call (800) 755-3469

Where Standard Auto Coverage May Fall Short

A vehicle's value, its mileage, and where it sleeps all shape how a policy responds. The exposures below are the ones that most often surface during a review.

  • ◆Actual cash value settlement that may not reflect an appreciating vehicle's market worth
  • ◆Deductibles that no longer meet your risk tolerance, causing you to overpay in premiums
  • ◆Loss of use coverage that provides a meaningful amount of coverage towards a rental vehicle in the event your vehicle was damaged in a claim
  • ◆Replacement parts straight from the Original Equipment Manufacturer, instead of aftermarket parts

Coverage We May Place Within a Vehicle Program

Luxury Auto
High-value vehicles in regular use, with agreed value available depending on the carrier
Exotic & Supercars
Limited-production vehicles where parts availability and specialist repair may affect settlement
Classic & Antique
Period vehicles, generally written around limited use and secure storage
Collector Fleets
Multiple vehicles within one program, each scheduled at its own value
Transport & Storage
Coverage while vehicles move between residences, shows, auctions, or restorers
Agreed Value
Settlement figure set when the policy is written
Scheduled
Vehicles valued individually within one program
24/7
Client helpline for claims and urgent matters

Frequently Asked Questions

How does collector car insurance value a vehicle after a total loss?

Collector car insurance is generally written on an agreed value basis. The figure is set when the policy is placed, so a covered total loss is settled against that amount rather than a depreciated one.

Does luxury car insurance cover vehicles driven a few times each year?

It depends on how the vehicle is used. Luxury car insurance for a vehicle in regular use is generally written differently from a limited-use program, which may contemplate lower annual mileage and secure storage. Conditions differ by carrier.

Is track day or rally participation included under exotic car insurance?

Treatment differs considerably. Some exotic car insurance forms contemplate non-competitive track days and club tours, while others exclude them. Confirming event use with your advisor is worth doing before the season begins.

Can a collector vehicle stay on a standard auto policy?

Standard auto policies generally settle on actual cash value, which applies depreciation at the time of loss. Vehicles that hold or gain value are usually placed on an agreed value program instead, with the settlement figure established when the policy is written.

Review the Coverage on Your Vehicles

Our advisors place luxury car insurance and collector vehicle programs built around agreed values and the way each car is stored, driven, and transported. Contact us to discuss your vehicles and the coverage currently in place.

Call (800) 755-3469