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 -

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