Cheap Exotic Car Insurance

I recently watched a couple of YouTube videos of a 26-year-old guy sharing his experience owning a Lamborghini. From $2,600 car repairs to worrying where to park his pride and joy, it gave an up close and personal viewpoint of what having one was like. Many people were curious how such a young guy could afford a super expensive dream car, much less pay the upkeep and insurance. To most everyone’s surprise, the “Stradman” did not inherit a fortune, win the lottery or make a quick killing at a tech start-up. He had a pretty everyday type job as an accountant. One of the ways he was able to get such an amazing ride was to keep his coverage costs way down. This guy is living proof that cheap exotic car insurance is a reality, and these tips below will give you the opportunity to learn how he gets such low rates. Get your free price check-up with good to go insurance on-line. Compare multiple plans and rates in only five short minutes.

1. Live in a Small Rural Area

It is almost hard to believe, but the Stradman pays $148.67 monthly in automobile insurance premiums for his Lamborghini!  That is cheaper than many people pay each month for a boring Toyota Corolla. In this case, this guy lives in Park City Utah, which has a population of fewer than 10,000 people. The equates to fewer people on the road, and you guessed it, far fewer accidents. This reduces the claim payouts insurers have to make and adjust premiums much lower. So all told, your zip code will determine a lot about the amount you pay to insure your ride, whether it is an exotic car or cheapo.

If you live in a big city like Chicago, which is in a densely populated area with much crime, then your cost of insuring your vehicle will go way up. This is because there is a greater probability of getting into an accident, having your car vandalized, or even worse stolen. Stats just don’t lie, and more accidents and thefts happen in these large metro areas. If you want cheaper coverage, get out of the big city and go live in a rural community.

2. Employment and Earning Demographics

Beyond your zip code, you might be surprised to know that an area’s employment rate and average earnings play a role in insurance pricing. This boils down to risk and risky behavior. People that are employed and are earning a good salary are less likely to engage in high-risk behavior like drag racing or driving while intoxicated. Areas with higher employment and wealth also see a reduction in both auto accidents and theft.

Conversely, high unemployment urban places tend to see more erratic driving and accidents, along with much higher automobile theft incidences. Also, these areas tend to have many more uninsured drivers on the road, which can cost your insurance company big-time if you get hit by one of these lawless drivers. So if you can afford to move into a good neighborhood with an above average income, you can save more on car insurance.

Stradman was smart and waited until he was over the age of 25 to buy his Lamborghini. Had he bought the same vehicle when he was 22 or 23, his premiums would have likely been at least double and maybe even triple. Unless you are a young rich kid, it just doesn’t make sense financially to buy an exotic automobile until you are over the age of 25. Either the car payments will eat you up, the premiums, or the maintenance costs. After the age of 25, you can get much cheaper coverage if you have maintained a clean driving record.

4. Add your Exotic car onto an existing Policy as a second Vehicle

Another tip on how to lower your monthly insurance bill is to add your dream car onto a current policy plan and don’t drive much. Classifying it as a second vehicle that is rarely driven will bring your insurance costs way down. Just make sure you drive less than 1,000 miles a month and don’t get any tickets.

5. Go Online to get great Deals

The internet is shaping our lives, from how we work to how we buy simple things like pizza. Not only has it made our lives more productive, but it is the ultimate tool for finding great deals on almost anything. Automobile coverage is no different. At sites like good to go insurance, you can find the cheap exotic car insurance in only a few minutes. All you need to do is go on-line and apply for a free comparison quote. You can check out prices from all the top providers right from your smartphone or laptop. Get started today and get cheaper coverage.