Can you get insurance on a $1M car? Here's how it's done [USA TODAY]
American International Group, Inc. New (AIG)
Last american international group, inc. new earnings: 2/13 06:45 am
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Source: USA TODAY
Some insurance providers won't cover vehicles worth $1 million or more Most standard insurance companies will not cover vehicles valued at $1 million or more. Owners of exotic or high-value cars must seek out specialized insurance companies like Hagerty or Chubb. Factors like storage, intended use, expected mileage, and driver experience influence insurance for hypercars. Every driver knows how car insurance works. Whenever you get a new vehicle, you need to have it insured to legally drive it on the road in 49 of the 50 U.S. states besides New Hampshire. Insurance prices vary depending on where you live. While many insurance companies offer different rates depending on the vehicle, there are some cars out there that companies won't consider insuring due to their value. The cost of some vehicles is so high that if they are in a crash, the repair prices are higher than some insurance companies are willing to cover. So when a car has a price of $1 million or more, how does th
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