That beautiful Aston Martin, Ferrari or a stunning Lamborghini could be your dream car. However, just because you can afford such a supercar doesn’t mean you wouldn’t prefer cheap car insurance over such an unusually expensive coverage.

Of course, the best thing to do is to approach an insurance company that specialises in exotics, collectibles or classics - all depending on the car you own. Here are a couple of reasons why you should contact a specialised company:

- Coverage. Exotic and collectible insurance extends to include some equipment and trailers, if you show your car, and sometimes even refunds your entry fees if you get stranded on the way to a show.

- Case-specific agreed value. Instead of basing your coverage on the book value of the car minus depreciation, your coverage will be based on a value, including any special features or modifications, that you and your insurer agree to.

- Low Deductibles. The deductibles for supercars tend to be low, and are sometimes non-existent.

You’ll understand there are limitations to these policies, including: - Continue reading after the break -

- A clean driving record as well as significant experience behind the wheel are fundamental. In some cases there are also age restrictions.

Keep in mind that some insurers also have a milage restrictions, as neither exotics nor collectible cars are intended to be driven daily. Furthermore, in most cases you are required to have another car that is both registered and properly insured.

- Security is important. Most exotic and collectible auto insurers require storage in a locked garage and an alarm when the car isn’t in use.

You might like to consider the following options too, they could make your insurance premium even lower:

- Are you a member of an owners group or enthusiasts club? Many such organizations have group discounts with insurance providers.

- A defensive driving class gives you a discount that lasts for three years with most standard insurers, and many exotic insurers will offer a discount for such classes as well.

- Anti-theft devices save you money. If your car doesn’t already have a tracking device (like LoJack) or an engine immobilizer, consider adding one, because having one can lower your insurance rate.

- Driving a high performance exotic car doesn’t have to mean paying high prices for insurance. By asking the right questions, and going to a specialty insurer, you’ll be able to get the coverage you need for a price that is quite reasonable.