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Aston Martin insurance often comes at an expensive price. After all, the legendary British automaker is responsible for some of the most sought-after luxury cars of all time. If you’re planning to purchase the Aston Martin model of your dreams, use this car insurance guide to protect your investment.
Average Aston Martin Insurance Rates
According to Finder, Aston Martin drivers pay an average of $225 a month or $2700 a year for auto insurance coverage, making the brand one of the costliest vehicles to ensure. Daigle & Travers Insurance Company reports that the annual premium for an Aston Martin can exceed $5000 and varies depending on the model and the level of customization. You might access lower rates if you keep your Aston Martin in a secure facility and/or drive only occasionally. Automobile.com reports that the most common insurance companies Aston Martin owners use include American, Allstate, AARP, Farmers, and esurance.
Aston Martin Insurance Rates by Model
Finder reports these average Aston Martin monthly insurance prices by model:
Generally, the higher the MSRP of an Aston Martin model, the higher the cost of insurance coverage.
Car Edge reports that the average cost of insurance on the Aston Martin Vantage is $3082 per year, nearly $1300 more than the average annual cost to insure an exotic luxury car. Their sample driver is a 40-year-old with no accident or tickets and a good credit history who has full coverage and drives about 13,000 miles per year.
Aston Martin Insurance Rates by Driver Age
Young drivers pay more for auto insurance than more experienced drivers. Car Edge gathered data on the average Aston Martin annual insurance cost by age:
- 18: $9728.
- 25: $4392.
- 30: $3421.
- 40: $3082.
- 55: $2750.
Aston Martin Insurance Rates by State
According to data from Car Edge, these states have the most affordable average annual premiums for Aston Martin insurance:
- North Carolina: $1841.
- Maine: $1971.
- Hawaii: $1427.
- Virginia: $2043.
- Iowa: $2111.
You’ll find the most expensive Aston Martin policies in these states:
- Louisiana: $5212.
- Connecticut: $4444.
- Michigan: $6172.
- Rhode Island: $4590.
- Florida: $4380.
Insurance variations by state often result from each state’s unique legal minimum insurance requirements.
Types of Aston Martin Insurance
ValuePenguin recommends carrying enough liability insurance on your Aston Martin to protect the value of your assets. If you cause an accident while driving the vehicle, you can be sued for injuries and property damage beyond your liability coverage limits. Personal injury protection or medical payment coverage pays for accident-associated medical expenses for you and your passengers, regardless of fault. New car replacement coverage will pay for the newest model year of your Aston Martin if you total the vehicle.
In addition to these options, consider purchasing comprehensive and collision coverage for your Aston Martin. These policies pay for the repair or replacement of your vehicle after you pay your established deductible. Your collision policy takes effect in the event of a collision, while comprehensive insurance covers noncollision events. Consider selecting coverage that pays for original equipment manufacturer (OEM) parts if you need your Aston Martin repaired.
The Zebra notes you might need an umbrella policy to cover customized equipment and features of your Aston Martin. Examples include coverage for audiovisual equipment, navigation systems, cameras, or upgraded upholstery and carpeting.
Some Aston Martin models might qualify for luxury or exotic car insurance, sometimes called a specialty or collectors auto policy. Insurance for collectible luxury cars works differently than traditional auto insurance. These policies are designed to cover the increased crash risk and elevated cost of these vehicles, as well as the fact that unlike other autos, exotic cars often increase in value over the years.
Daigle & Travers describes these common Aston Martin policy options:
- An actual cash value policy provides the NADA or Kelley Blue Book value for your Aston Martin in the event of a total loss or unrecovered theft, adjusted for depreciation. You must accept the insurance company’s offered settlement with this type of insurance coverage unless you decide to take legal action.
- A stated value policy allows the policyholder to state the value of the vehicle. In a total loss, the insurance company will pay a settlement of this amount. You can save on coverage by understating the vehicle’s value, but this is a gamble because you also limit your potential payout.
- An agreed value policy relies on an agreement about the vehicle’s value between the owner of the car and the insurance company. This is the most popular option for drivers of high-end sports and touring cars like Aston Martins.
Common companies writing policies for exotic autos include PURE Insurance, Grundy Insurance, and Hagerty. While each insurer has its own criteria, generally an exotic auto must be in good condition and at least 25 years old or valued at higher than $100,000. Typically, you must be 25 or older and have a good driving record to purchase an exotic car insurance policy. You cannot drive more than a designated mileage limit during the policy period, and you must store your car in a locked garage at all times.
According to the Zebra, you can save on auto insurance by maintaining a good driving history, asking about discounts on luxury auto insurance, and getting quotes from several providers. Each company has its own pricing model, which means you can often save dramatically by seeking new quotes about once a year.
Check this out if you need additional information, resources, or guidance on car insurance.
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