Compare the best exotic and luxury car insurance quotes for free.

On average, Canadians save hundreds of dollars per year by comparing quotes with us.

Get quotes from 50+ Canadian providers in 3 minutes.

Get quotes from 50+ Canadian providers in 3 minutes.

25,022 Canadians

have compared rates and saved money over the last 24 hours

What our users say:

February 16
Fast and easy good response
Fast and easy good response
Robert Burke
February 16
Great service
Great service
Waseem Akhter
February 15
Website is easy to use the…
Website is easy to use the representatives were so helpful, wasn't on hold long ...
Olivia
February 15
very easily approach for info and clear…
very easily approach for info and clear to understand
DANIEL HELDER
February 15
Super fast seriously half the price!
Super fast seriously half the price of my previous broker. I worked with Khadija...
N. Gul
February 14
The person i talked made it easy she…
The person i talked made it easy she was easy to talk to she quick and i feel i ...
Calvin Shelley
February 13
very good and easy
very good and easy
Noel Tavas
February 10
The agent was very pleasant
The agent was very pleasant and thorough. She reviewed the important informatio...
Bernard Wrobleski
February 10
Finally service
Knowledgable friendly considerate and concerned
Rick D
February 9
Very fast
Very fast, efficient and helpful. I would not hesitate to recommend this company...
Anna Paquette
February 9
Friendly approach and talk and showing…
Friendly approach and talk and showing kindness and help.
Abdul Lodin
February 7
The agents i dealt with were amazing
The agents i dealt with were amazing! Thank you to Juliana & Alicia
Concetta Mastrangelo
February 7
Very Kind and Patient
Very kind all the way through. Took time to explain every step and were patient ...
Hunter Hughes
February 2
Easy to use and quick follow up
Easy to use and quick follow up. Thanks .
Terry Collins
January 31
Very pleasant to deal with.
Very pleasant to deal with.
Janet
January 31
Representative was extremely helpful…
Representative was extremely helpful and was able to assist in all our needs.
Laura Dunsford
January 19
I was treated very well
I was treated very well, the person that was helping me was very helpful and fou...
Tim Bob
January 18
Great service
The response to my inquiry was quick. I received a phone call a few hours later ...
Sherri Leclerc
December 4
Quick turnaround
Quick turnaround, I am really happy with the process so far.
Breno Mendonca
November 11
process was easy and professional
The process was easy and professional
James Robichaud
November 1
The young man was very courteous and…
The young man was very courteous and professional. We didn't qualify due to low...
Teresa Penning
October 26
Quick and friendly response.
Quick and friendly response.
Dan Rochon Rochon
October 13
prompt respond
prompt respond, knowledgable
Brano Lapin
September 27
The agent was Patient and knowledgeable…
The agent was Patient and knowledgeable answered all my questions
Richard Young
August 31
The agent (Jan) was most professional
The agent (Jan) was most professional, courteous, and friendly.
Kewal Khanna
July 27
They gave me a lot of important…
They gave me a lot of important information
Liliana FERNANDEZ
July 13
THE PERSON ANSWERED ALL MYY QUESTIONS
THE PERSON ANSWERED ALL MYY QUESTIONS
Antonio
June 23
One Stop Shop - best rates with multiple companies
Found great rates with multiple companies which made it very easy to quickly ass...
Maryann O
June 22
Very professional polite & knowledgeable
Very professional polite & knowledgeable
Raymond Beaudoin

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Save

When you find the best quote, secure your rate by talking to a licensed broker or agent.

Learn more about exotic car insurance in Canada.

Exotic cars are sportscars that boast higher performance capabilities than the typical two-seater. Plus, the trim on an exotic car is usually outrageously luxurious. People don't typically drive exotic cars (also known as supercars) every day or use them to commute so the calculation for premiums will differ from those used to calculate the premium for a regular car.

Are you looking for the best rates on exotic car insurance? You've come to the right place.

We can help you find the best auto insurance rate for your exotic car. Use LowestRates.ca to get a quote online and compare quotes from 50+ of Canada’s top insurance companies. 

Want to learn more about what constitutes the best exotic car insurance? Keep reading. You can start the quoting process with us at any time.

 

 

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

CustomerLocationVehicleLowest rateAverage rateSaved
Quote from February 19, 2024
Customer
Male, 23 years old
Location
ontario
Vehicle
2015 MASERATI GHIBLI 4DR
Lowest Rate
$566/mth
$6,796/yr
Average Rate
$983/mth
$11,799/yr
Saved
$417/mth
42.40%
Quote from February 19, 2024
Customer
Male, 31 years old
Location
ontario
Vehicle
2023 PORSCHE 718 CAYMAN GT4 RS 2DR
Lowest Rate
$246/mth
$2,947/yr
Average Rate
$346/mth
$4,153/yr
Saved
$101/mth
29.04%
Quote from February 19, 2024
Customer
Male, 62 years old
Location
ontario
Vehicle
2016 ASTON MARTIN VANTAGE GT 2DR
Lowest Rate
$96/mth
$1,151/yr
Average Rate
$183/mth
$2,195/yr
Saved
$87/mth
47.56%

Auto insurance quotes are compared from CAA, Coachman Insurance Company, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

Your questions about exotic car insurance, answered.

What is exotic car insurance?

Exotic car insurance protects a particular type of luxury vehicle. Because an exotic car is typically a high-performance sports car, the cost of insurance is generally costly. For this type of coverage, liability insurance is still mandatory, but collision and comprehensive insurance are not mandatory.

Exotic cars are all unique. That's why insurance companies typically tailor the individual driver and the needs of the vehicle. Your best bet is to speak to a broker or agent to get adequate exotic car insurance.

When comparing exotic car insurance from luxury car insurance companies, your car’s horsepower can drive up your premium. The bill can go up even more if you're a young driver since you're considered inexperienced.

How does exotic car insurance work?

It doesn't have to be complicated to get supercar insurance. When insurance companies set their premiums, factors include the make, year and model, performance elements, and vehicle value.

When insuring an exotic car, consider how you will use the vehicle while you compare car insurance rates for exotic cars. When you limit use, it may bring down your premium costs. Speak to an agent or broker about mileage restrictions.

Another way to reduce premium costs is to raise your deductible. As an exotic luxury car owner, it’s recommended you choose the highest deductible rate that you can afford.

The quickest way to compare several quotes online is to use websites like LowestRates.ca. We provide drivers with the opportunity to compare rates with dozens of companies.

Do exotic cars have higher insurance rates?

Car insurance protects your vehicle. So insurance for a high-end car, including exotic cars, inevitably leads to higher insurance rates.

High-performance vehicles typically result in higher auto insurance rates. In the eyes of luxury insurance companies, the more horsepower the car has, the riskier to insure.

Drive carefully and maintain a clean driving record (have no claims and be accident-free) to secure lower rates.

Here are some other ways to save money:

  • Limit your mileage
  • Raise the deductible
  • Opt to pay annually
  • Upgrade security and safety features to build up discounts
  • Drive carefully and maintain a clean driving record (no claims and accident-free)
  • Young drivers, wait until you turn 25 to invest in high-end vehicles
  • Maintain low mileage.

How much is exotic car insurance?

For the most competitive rates, reach out to your broker or agent for details to ensure you only pay for what you need.

What cars are considered exotic for insurance?

What makes an exotic car "exotic"? That depends. Generally speaking, exotic cars describe a very special type of luxury car and are typically sports cars. Exotic vehicles are built to go faster, that's why they tend to be used for racing. Insurance for exotic cars may be more expensive because you don't see them on the road often, and that’s also why they're considered exotic.

Exotic cars are different from classic cars, though there can be overlap. Generally, cars are considered “classic” once they’re over 20 years old. It’s possible for an exotic car to also be vintage. Your car insurance broker or agent will be able to help you choose which kind of insurance would be suitable for your car.

Other terms used to describe exotic cars include:

  • Imported cars
  • Luxury cars
  • Supercars

Do all insurance companies offer exotic car insurance?

All Canadian insurance companies offer a form of luxury car insurance, including insurance for exotic cars as well as insurance for imported cars. The cost of your exotic car insurance or import car insurance will differ depending on where you get your quotes.

To ensure you’re securing the best exotic car insurance for your luxury vehicle, compare rates online using LowestRates.ca

What kind of insurance coverage should I get for an exotic car?

For exotic car insurance, some forms of coverage are mandatory while some are optional. Removing optional coverages could be a great way to save money on your premiums but can be risky, so don't skimp on coverages if you want to protect your luxury vehicle at all times.

Here are some details:

Liability insurance. Whether you drive a luxury vehicle or not, it's mandatory throughout Canada. This coverage helps to cover damages — medical bills, lost earnings, legal fees, and other expenses — if you’re at-fault.

Comprehensive insurance. This type of coverage takes care of the cost of replacing or repairing your luxury vehicle from non-accident related incidents. Damage from falling or flying objects, such as theft, vandalism, and natural disasters are all examples.

Collision insurance. This helps to cover the cost to repair or replace your vehicle in the event of a collision with another car or an object on the ground. If your exotic vehicle is totalled, collision coverage will pay the cost of replacing it.

If you lease or finance a vehicle, collision insurance is mandatory to purchase. If you own your vehicle, then you can remove collision coverage, but that would mean you have to pay out of pocket for any damage.

Where can I get quotes for exotic car insurance?

Exotic car insurance premiums can vary widely between insurance providers, which is why you need to compare rates to get the best deal.

Comparison shopping is the key when it comes to unlocking the lowest rate.

Luckily, you’ve come to the right place for the best rates. Use our quoter at LowestRates.ca to compare exotic car insurance quotes from Canada’s leading car insurance companies.

Zandile Chiwanza

Zandile Chiwanza

About the Author

Zandile is a Personal Finance Writer at LowestRates.ca. Before joining the team Zandile worked as the content editor for Real Estate Management Industry News. As a self-proclaimed budget warrior, Zandile dedicates most of her time to advocating for financial wellness.

Read More

Auto insurance news

Read More Like This