Insurance for Exotic Car Rentals
Specialty insurance solutions for exotic car rental companies and drivers.
Get StartedHelp Protect Your Ride or Your Business With XINSURANCE Solutions
Exotic cars offer a thrilling ride. As a result, these vehicles have an inherent risk. Personal auto policies don’t cover exotic cars or rentals, and businesses may struggle to get the proper coverage for their operations. Fortunately, we have led the way in exotic car rental insurance solutions, and we are here to help you.
Why Get Exotic Car Rental Insurance?
As a renter, this solution helps you fully enjoy your experience with less fear of financial or legal issues. As a rental company, you can lend your cars with greater confidence that your business is protected.
Exotic car rental companies have expensive assets to protect, even more so than the typical car rental provider. Insurance can help protect your fleet. It may also safeguard against liabilities, like third-party property damage or bodily injury. In exotic cars, you might face these issues more often, as drivers may want to see what the vehicle can do. In 2022, 28% of fatal crashes and 8% of crashes with only property damage were speeding-related.
A comprehensive insurance plan also signals to your renters that you provide a professional rental experience, which may make them more likely to rent from you than someone else. Having exotic car rental insurance can help keep your business running smoothly.
People renting exotic cars do so to experience luxury without requiring a significant investment. If you’re a renter, insurance can help provide financial protection that may help cover damage to the rented vehicle up to policy limits in case of a covered claim. Motor vehicle crashes cost $513.8 billion in 2023, or about $2,200 for every licensed driver. The cost of sports car insurance is often worthwhile to protect you when renting.
Insurance may also help protect against liability, like property damage or harm caused to another individual. You can cruise with greater confidence by securing insurance coverage.
Who We Can Help With Exotic Car Rental Insurance
- Exotic car rental companies
- Exotic car renters
Coverages
Renters Liability
Covers physical damage to the rented vehicle(s).
Commercial General Liability
This covers third-party property damage and third-party bodily injury resulting from the insured’s use of the rental vehicle(s).
Personal Liability
This coverage protects individuals from liability claims due to mishaps resulting from their personal activities when operating the vehicles. Learn more.
Fleet Insurance
If your business owns several exotic rental cars, this insurance covers all the vehicles under one plan.
Commercial Auto*
Provides a combination of liability, physical damage — collision and comprehensive — and medical payments for companies that own and rent out exotic cars. Learn more.
*Available in most states
TRU Umbrella
Additional coverage to fill the gaps and exclusions in your existing policy. Learn more.
Personal Auto
We can provide personal auto insurance solutions for exotic car owners!
Alleged Assault and Battery Liability
Coverage for claims against you regarding assault and/or battery.
Alleged Sexual Abuse and Molestation Liability
Coverage for claims against you regarding sexual abuse and/or molestation.
Active Shooter Liability
Liability protection in the event of an active shooting taking place on company property. Learn more.
Premises Liability
Protects against claims for slips, trips, and falls on the property due to negligence.
Professional Liability
Coverage for claims regarding negligent acts and more. Learn more.
Property Coverage
Covers the building and its contents from weather-related risks, vandalism, theft, and more. Learn more.
FAQs About Exotic Car Rental Insurance Coverage
What does rental insurance for exotic cars cover?
Coverage can be tailored to your operation and may include commercial auto liability (third‑party bodily injury and property damage), physical damage (comprehensive and collision) for scheduled vehicles, uninsured/underinsured motorist, medical payments, general liability (premises/operations), hired and non‑owned auto, garagekeepers (if applicable), excess/umbrella limits, and optional endorsements like loss of use. Terms, limits, and availability vary by account and state.
Does rental insurance for exotic cars cover diminished value after an accident?
Diminished value is not typically included by default. Coverage for loss in market value after repairs is often excluded unless specifically endorsed. Depending on underwriting and your risk controls, we may be able to consider options; availability varies by state and policy. If diminished value protection is important to you, let us know so we can review whether a solution is available for your situation.
How much does rental insurance for exotic cars cost?
There isn’t a one‑size‑fits‑all price. Cost depends on factors like fleet size and values, vehicle mix, locations and garaging, delivery practices, driver/renter screening criteria, deductibles, security controls (GPS, immobilizers, cameras), claims history, coverage limits, and state regulations. We’ll review your specifics and provide a customized quote.
Is rental insurance required for exotic cars?
To operate on public roads, states generally require proof of financial responsibility (auto liability). Lenders/lessors typically require physical damage coverage, and partners/venues may require certificates of insurance. Even when not explicitly mandated, purpose‑built coverage helps protect your assets and contracts. Requirements vary by state—ask us about your jurisdiction.
Is Theft Covered While Renting?
No, theft coverage is not available. However, carjackings can be covered.
Can You Offer General Liability for My Rental Operations?
Yes, we can often identify general liability coverage options for your rental operations, among other coverages, all under one policy!
Can You Offer Auto Liability for My Rental Operations?
Yes, we can often find solutions to cover physical damage on stored, rented, and transported units.
Can You Offer Personal Auto Insurance for Exotic Cars?
Yes, we can find personal auto insurance solutions for any exotic vehicle!
Do you offer personal auto insurance for exotic cars?
Yes, we can offer personal auto insurance solutions for any exotic vehicle!
Can You Offer Supplemental Insurance for Non-USA Residents?
Yes, we can identify suitable supplemental insurance solutions for non-USA residents!
How To Get A Quote
Request Your Quote
Click the button below to get started on your quote
Specify Your Needs
We’ll schedule a call with you to consult on your needs, and collect more details
Get Your Custom Quote
We’ll use all the information provided to craft a highly personalized quote to address all of your specific insurance needs in one comprehensive policy
More Information About Luxury Car Insurance
What Is It Like to Drive an Exotic Car?
Driving an exotic car like a Ferrari is a vastly different experience compared to driving a normal car like a Toyota Camry. Exotic cars typically have powerful engines that deliver exceptional horsepower and torque, resulting in rapid acceleration and impressive top speeds.
Exotic cars are also known for their precise and responsive handling. They often feature advanced suspension systems, aerodynamics, and specialized tires that allow for sharp cornering and exceptional road grip. This maneuverability makes them feel incredibly agile and responsive in the hands of an experienced driver.
Although it doesn’t relate to operating the vehicle, exotic cars will attract more attention, which is an experience unique in itself while driving a car. They feature striking and attention-grabbing designs that will draw considerable attention from other motorists and pedestrians.
What Are the Risks of Driving an Exotic Car?
When it comes to exotic car rental accidents, several common risks and challenges exist, often due to the unique characteristics of these high-performance vehicles. Here are five of the most common risks associated with exotic car rental accidents:
- Inexperienced Drivers: Many exotic car renters may not have experience driving such high-performance vehicles. The powerful engines, precise handling, and quick acceleration can catch inexperienced drivers off guard, leading to accidents.
- Excessive Speed: Exotic cars are known for their exceptional speed and acceleration. Some renters may be tempted to push the limits, leading to speeding violations and, in the worst cases, accidents due to loss of control.
- Road Conditions: Exotic cars often have low ground clearance and may not be well-suited for adverse road conditions, such as wet or icy surfaces. Sudden weather changes can increase the risk of accidents.
- Limited Visibility: Exotic cars are sometimes designed with aesthetics and performance in mind, which can result in limited visibility for drivers. Poor visibility can lead to accidents, especially in situations where a clear view of the road is essential.
- Overconfidence: Some renters may overestimate their driving abilities or feel overly confident due to the prestige of driving an exotic car. This overconfidence can lead to risky behaviors and accidents.
What Are My Insurance Options If I've Previously Been Denied Coverage?
If you’ve faced issues obtaining coverage from exotic car insurance companies in the past, our team at XINSURANCE may be able to help. We’re committed to helping people find personalized insurance solutions.
What Coverage Should I Seek for My Exotic Car Rental (or Company)?
Here are a few coverage solutions you may want as a renter or rental company:
- Renters liability
- Commercial general liability
- Personal liability
- Commercial auto
- Fleet insurance
While these are a few general options, you may want specialized coverage customized to your situation and desired exotic car rental insurance cost. Renters should also keep in mind that their existing car insurance likely won’t cover an exotic rental. At XINSURANCE, we consider your needs in finding a suitable solution.
What our clients say
Insurance for all activities. Excellent product with total coverage for WHEN you need that extra help.
THIS IS INSURANCE I CAN TRUST TO PROTECT ME!
– Dave H.
They are amazing and always there to help you if you have any questions or concerns.
– Arlene A.
XINSURANCE is very easy to deal with. We didn’t have to wait forever for the information we needed. And the whole process of finding a plan that worked for us was almost too easy.
– Leslie A.
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