Celebrities are still just regular people When they turn away from the camera. While some of them have excellent driving records, others are high risk. Typically, the proverbial “price of fame” does not allude to the price of auto insurance. Even if they are well-known, celebrities are still required to carry a minimum level of auto insurance. However, it can be challenging to find precise insurance rates online for celebrities who drive opulent supercars.
Celebrities frequently have difficulty obtaining car insurance, and when they do, the premiums are usually exorbitant. While some compare coverage options, others simply choose what their parents had.
If the celebrity takes comprehensive car insurance from a reputed player, they would have the highest liability limits permitted by the company as well as a sizeable excess liability or umbrella policy to go along with it.
Why do celebrities pay more for car insurance?
Depending on your driving record and the potential cost of repairing your car, car insurance companies may charge higher premiums. As a result, getting car insurance for the exclusive and rare vehicles that celebrities frequently drive can be very expensive.
Celebrities’ cars might also have pricey modifications, which makes theft a serious risk. You will have to pay even more for car insurance if you are a high-risk driver. Some famous people have a history of accidents and DUIs, making them too risky for most auto insurance companies to insure.
What kind of insurance coverage do celebrities require?
The truth is that many celebrities purchase their car insurance from upscale companies that target wealthy customers. A celebrity’s insurance policy will probably include common forms of coverage like collision and liability once they have located an insurance provider willing to take them on. They might also have policies that are unique to their particular vehicle. They will benefit from joining a company that specializes in insuring high-end cars in this situation. Celebrities should compare quotes online for comprehensive car insurance | compare quotes online | iSelect.
How do celebrities get their auto insurance?
Even though there might be some variations in the types of policies and levels of coverage, at the end of the day, celebrities buy auto insurance similarly to regular people.
Celebrities can purchase auto insurance in the same ways as the rest: online, over the phone, or from a private insurance agent. The only real distinction is that a personal assistant might help them along the way. A celebrity may find it challenging to find an accurate insurance quote online if they drive a rare or expensive car.
They would be better off speaking with an insurance agent or any company representative in this situation. A celebrity may find it especially beneficial to work with a reputable online site like iSelect if they require a unique policy, such as extra protection for expensive vehicle modifications.
Buying Auto Insurance like a Celebrity
Even though it’s not the most glamorous activity, getting comprehensive car insurance is necessary. Celebrities must ensure that their vehicles are insured and adhere to all applicable insurance laws and regulations in the states where they reside. Additionally, they must ensure their vehicle and its contents are properly covered.
It’s crucial to follow the same steps even if you don’t have a personal assistant to help you with this task to ensure that an auto insurance policy adequately covers you and your car.
In addition to being required by law, having adequate auto insurance is a wise and responsible decision for your financial stability.