11 Highest Auto Insurance Claims
Exotic cars are all the rave until something goes wrong. You’re driving along the highway, minding your business when a squirrel dashes out causing you to swerve and lose control. The end result of the incident is an expensive medical bill and an even heftier price for the car. Life’s unexpected moments are the central reason for insurance. You can rest assured in knowing that your financial standing will not be affected by a major or minor crash.
Still not convinced? Perhaps this list of the most expensive car accidents and insurance claims will make you a believer.
11. Toyota 2000GT takes on tree
One owner in Japan must have been devastated after completely annihilating his Toyota 2000GT in a tree versus car accident in 2014. Nature definitely won the battle as the $1.2 million car was completely destroyed. The taillight couldn’t even be saved.
10. Eddie Griffin kills an Enzo
Some say that the actor crashed the beloved $1.5 million Ferrari Enzo as a way to spread the word about his film Redline. Regardless of the motivation, Eddie Griffin absolutely destroyed one fabulous luxury car in 2007. The actor ran the exotic car into a barrier while on an open track in Irwindale. One of the perks of stardom!
9. Stirling Moss’ wreck
Stirling was preparing for the 2010 Monterey Reunion when his Porsche RS61 race car’s gearbox froze and caused him to crash. The vehicle was valued at $1.7 million at the time but has risen to $3 million since the crash. How painful is that?
8. Bentley vs. Ferrari
There were no winners in this July 2011 accident that involved some of the world’s most coveted cars. A woman driving a Bentley Azure caused the catastrophe when she rammed a Ferrari F430. Her actions caused a chain reaction as an Aston Martin, Porche 911 Turbo collided as well. Each car was worth more than $300,000, which placed the accident’s grand total somewhere in the ballpark of $1.2 million. Hopefully, the at-fault driver had incredible insurance.
7. China’s pileup
It was a rainy day in China when more than a dozen Lamborghinis and Ferraris collided. The accident was one of the worst incidents as high speeds contributed to major injuries. Other exotic cars were also involved, which brought the total in damages to more than $10 million. The incident has been called one of the most expensive accidents in Chinese history and for good reason.
6. The truck that took out the bridge
The Federal Republic of Germany experienced one of the most expensive crashes in history on August 26, 2004. A tanker truck was hauling 32,000 liters of fuel when it collided with a car on the Wiehltal Bridge. The accident led to an explosion that caused $40 million in temporary repairs. The Wiehltal Bridge had to be rebuilt as a result of the eruption, which cost an additional $318 million. It’s hard to believe that a two-car collision caused $358 million in damages but it happened.
5. A billionaire loses
American investor Christopher Cox was one of few owners of a 1962 Ferrari GTO. He was driving his car during a Ferrari rally in France four years ago when he was hit from behind by another car. Cox tried to regain control but ended up running into an object and destroying his frontend. Fortunately, Christopher was able to walk away from the crash. Unfortunately, the 1962 Ferrari GTO was valued at a whopping $30 million at the time. Even a billionaire must admit that $30 million is a lot.
4. An accident in Hong Kong
The Aston Martin One-77 has only been manufactured seventy-seven times. The car is worth nearly $2 million and is an automobile collector’s dream. These facts make the accident in Hong Kong involving one of these beauties that much more devastating. An owner was driving around town at high speeds when he slammed into a curb. Any other vehicle would have stopped but the Aston Martin One-77, being capable of going fast, used the curb to catapult into other things. The result of the accident was major injuries and irreparable damages to the car.
3. A youngster hits a guardrail
Few young adults in Texas can afford a car worth $1.1 million. One 27-year-old was among the few when he purchased a 2015 McLaren P1. He was in the clouds until the high speeds got the best of him and led to a crash. The young adult’s car was destroyed after slamming into a guardrail. Consider it as money gone down the drain.
2. The repair shop makes a mistake
When you take your car to the garage for repairs, you expect it to be returned in a better state than it was in when you left it. Unfortunately, this billionaire experienced the complete opposite. He left his 1971 Lamborghini Miura SV, valued at $1.7 million, to H.R. Owen Dealerships in the United Kingdom one day only to return to a torched auto that wasn’t worth two euros. The accident had to be a blow to the billionaire at the Lamborghini was one of his prized collections.
1. This was no accident
Many believe that a Texas man was looking for a big payout when he drove his $2.2 million Bugatti Veyron into a lake during a supposed stunt in 2011. The man initially deemed a bird as the culprit in the accident. It was later discovered, however, that the owner got behind the wheel with the distinct intention of destroying his car that day. The former Bugatti owner has since been charged with insurance fraud.