Luxury Car Insurance
Luxury car insurance is expensive to be sure, but most of the lucky ones among us who can afford luxury cars can also afford the insurance.
Take Jay Leno, for instance. The “car insurance” he uses for his 130 restored classic automobiles is a garage that he had custom built just to house them, and a team of four full time mechanics, personally hired by Jay, who is not so bad with a wrench himself, by the way. Jay drives a different car to work each day, to keep those purring engines in impeccable working condition. Okay, to show off, but whatever. Jay Leno’s car collection is the envy of classic auto collectors worldwide. Jay is a self insured driver.
Other wealthy car collectors include Jerry Seinfeld, who prefers only Porsches, 50 Cent, who favors Ferraris, Micheal Jordan, who enjoys exotic sports cars, Shaquille O’Neal, who likes anything custom made for his seven-foot-one-inch frame, Wycliff Jean, who sports a massive garage of at least 37 customized cars, of which his favorite one is the 1957 Cadillac ElDorado, and Ralph Lauren, who color coordinates his couture collection of classic European cars. He even gets inspiration for his fashion designs from the vehicles in his enviable garage. For most wealthy American car collectors like these, it’s a matter of pride to keep their vehicles in perfect, like-new condition.
These folks definitely need luxury car insurance, in one form or another.
This page answers seven frequently asked questions about the design details of luxury vehicles and custom built cars, as well as the types and amounts of insurance needed to cover them, and some important maintenance tips. Learn about umbrella insurance, self insurance, the world’s coolest dream cars, and the people who have made those dreams come true. Read it and weep. Turn green with envy! Or maybe just start saving money for your very own dream car.
These FAQs illustrate all the different ways in which famous millionaires and avid car collectors can insure their elite vehicles, and also how you can insure your dream car when you don’t necessarily have money to burn.