Most Nevadans who are shopping around for auto insurance are looking for coverage for their everyday vehicle – the one that they use to drive to and from work, run errands, and ferry their children to various extracurricular activities. However, if you own a sports or exotic car, your driving habits are probably considerably different. It makes sense, therefore, that your auto insurance coverage should be different as well.

Is Your Vehicle an Exotic or Sports Car?

Your auto insurance company uses a vehicle’s make, model, horsepower, size, weight and number of cylinders to classify it as a sports or exotic car. In most cases, sports cars are smaller and have less seating than the average sedan. They may also have an engine that is specially built for competitive racing.

Exotic cars are generally limited, customized, exclusive or concept cars. They’re not necessarily built for racing, but they often have unique, out-of-the-ordinary features.

What Affects Insurance Rates for Exotic or Sports Cars?

In most cases, the more horsepower a car has, the faster it can go, increasing the driver’s risk of getting a speeding ticket or being responsible for an accident. While this may result in higher auto insurance premiums, that may be offset by the fact that most sports or exotic car owners only drive their vehicle for recreational purposes, which can result in lower auto insurance premiums.

If you own a sports car that you only drive around on the weekends or to shows and you put less than 5,000 miles on it annually, then your monthly auto insurance premiums will generally be smaller than that of someone who uses their sports car as their primary vehicle.

Why Does It Cost So Much to Insure?

How much you drive your car has a significant impact on your auto insurance rate, but it’s not the only thing that affects your monthly premium. Even sports and exotic vehicles that only see the light of day a few times a month often cost more to insure than your average sedan. This is because from the auto insurance company’s standpoint, these vehicles are a bigger risk to insure.

These vehicles are more likely to be stolen, particularly if they’re a convertible that is easy to enter. Additionally, unlike popular makes and models with mass-produced parts that are easily replaced, sports and exotic vehicles generally have custom-made parts. These parts are more expensive, difficult to find and may require the expertise of a technician who specializes in repairing these types of cars. Finally, exotic and sports cars generally lack modern safety features like lane departure warning systems, adaptive cruise control and backup cameras, increasing the likelihood of the vehicle being involved in a collision.

Other Vehicles Hard to Get Insurance For

It is tricky to insure private passenger vehicles. “Private Passenger” simply means 4 wheels, motorized, passenger vehicles that are licensed and registered, and used for personal use, not business use. Some vehicles are simply more difficult to get auto insurance for.​

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Issues That Can Affect Obtaining Auto Insurance:

• Vehicles with illegal customizations
• No registration or not street worthy
• No address
• Salvage Titles
• Leased or rented vehicles from private individuals
• Homemade or significantly modified automobiles
• Custom built vehicles
• Commercial vehicles owned by a Company, these must be commercially insured
• Imported cars that have not gotten their conversions, if they are required, to meet US standards

Get in Touch with Nevada Insurance Enrollment

Our agents will help you navigate the next steps in the process of researching and finding out if your vehicle can be insured. You’ll have the peace of mind knowing that you are adequately insured when life complications arise.