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Rental Insurance for Exotic Cars

Rental Insurance for Exotic Cars: The Need for Speed – and the Right Coverage

Everyone at some point has dreamed of driving an exotic or high-end luxury vehicle. Whether it’s a Ferrari or a Lamborghini or another supercar, there’s something special about these beautiful vehicles. It’s no surprise that so many people would love to experience the feel of one.

Since exotic cars are expensive, the only way most people can make this dream a reality is by renting the car, whether for the day or a couple of hours. It’s a way to get a taste of luxury and sit behind the wheel of a top-end vehicle.

Allowing the public to rent your exotic car or cars is a great way to turn your passion into a lucrative business as well as sharing the joy of exotic cars with others.

While most people have thought about driving an exotic vehicle, not everyone thinks about rental insurance for exotic cars. If you run an exotic car rental business, however, exotic car rental insurance is essential.

What Makes a Car Exotic?

While there are many high-end cars on the market, such as Mercedes Benz and BMW, very few make it into the ranks of the exotic. To qualify as the cream of the crop, each exotic vehicle:

  • Requires experience to handle their high-performance efficiently and safely.
  • Costs at least $100,000, often a lot more.
  • Requires bespoke tools to maintain and carry out repairs.
  • Requires specialist knowledge and genuine parts to repair.

The top exotic and high-end luxury brands are Ferrari, Lamborghini, Aston-Martin, Porsche, McLaren, and Maserati. Even if someone could afford to buy one of these amazing cars, what most people forget is that maintaining and insuring them can be almost as expensive as the initial purchase. These potentially prohibitive costs encourage people to rent exotic cars or race them at designated tracks.

Running an Exotic Car Rental Business

If you run an exotic car rental business, you’ll know that it’s highly lucrative. Luxury cars are in big demand, so business is good for the rentals market.

What’s not so good is the associated cost of running such a business, particularly when it mainly involves having inexperienced individuals in control of powerful and high-performance vehicles.

Those in control of luxury vehicles have a 29% higher collision frequency than someone driving a regular car. Individuals driving very powerful cars are often not used to their capabilities or they find themselves driving irresponsibly or too quickly. When these crashes and collisions occur, the resulting repairs are very costly due to the cars’ bespoke nature.

Personal auto policies don’t cover exotic car rentals. This leaves rental services wide open to liability claims and costly lawsuits.

Finding the right exotic car rental insurance is very difficult. Most policies won’t cover exotic car rentals.

XINSURANCE Can Cover You Where Other Businesses Have Failed

XINSURANCE has been providing coverage for high-risk categories for over 30 years. We specialize in occupations or activities that are difficult to insure as we believe that everyone deserves complete coverage for peace of mind.

XINSURANCE is powered by Evolution Insurance Brokers, LC (“EIB”), an excess and surplus lines insurance brokerage. We take an “all-in-one” approach to provide coverage, meaning we assess all areas of your business or activity and use the information to provide a completely customized policy that suits your needs 100%.

Our extensive product line includes rental insurance for exotic cars, so if your business hires out top-end cars or you are an individual who rents his or her vehicle, we may be able to provide exotic car rental insurance for you.

Coverage Available from XINSURANCE

Our coverage is extensive. We can design a customized plan to protect your exotic car rental business from liability claims. We will look at your current situation, history, and other business factors to determine which coverage you need.
Our policies include:

  • Rental liability
  • Personal liability
  • Commercial general liability
  • Commercial auto (available in most states)
  • Fleet insurance
  • Property damage

We do not cover workers compensation or medical insurance.

How to Contact XINSURANCE for Rental Insurance for Exotic Cars

Whatever your preferred method of communication, we’ve made it easy to contact us here at XINSURANCE. Visit our website to learn more about us, see our product line, or to receive a quote. If you have questions and need to know more, you can email XINSURANCE at

For those preferring to speak to someone directly, you can call us on 877-585-2853 or, if you are in the Salt Lake City area, you are welcome to arrange a face to face meeting with a member of our experienced team.

We’re located at 8722 S. Harrison Street, Sandy, Utah 84070 and we’re looking forward to meeting you!

XINSURANCE can also be found on the most popular social media platforms. We’re available on Facebook, Twitter, YouTube, LinkedIn, and Instagram so make sure to follow or like us so you can stay in touch and stay up to date with all our news and events.

Speaking of events, we really enjoy getting in front of our customer base. You can find us at various expos, trade shows, and other exciting events. Head over to our events calendar to see where we’re going to be in the coming months.

Don’t find yourself in the unfortunate position of having to deal with a costly lawsuit without adequate insurance coverage. Your exotic car business required considerable investment, so it would be wise to protect all aspects of your business with appropriate coverage, including property damage and bodily injury to a 3rd party. You can never be sure how well the customer is going to be driving them. And accidents happen, even to the most experienced, most careful drivers.

Get in touch with XINSURANCE today and find out how we can help you get the peace of mind you need and allowing you and your customers to admire and enjoy your beautiful cars stress-free.