The cost of renting a supercar can vary widely, depending on the make and model, geographical location, and rental company policies. Insurance coverage also plays a major role in the total price tag.

Owning an exotic car can be expensive, but some people circumvent the costs by renting them for special events or to feel cool for a day. Here’s what to expect when you rent a high-end speed demon.

Driver’s License Requirements

Generally, supercar rentals Los Angeles require you to present a driver’s license and a credit card. They will likely do a full credit check and run your driving record to ensure you aren’t a high-risk renter.

If you’re an international driver, you may need to present a passport, a valid foreign driver’s license, or an IDP (International Driving Permit). Suppose you’re a government renter on official orders or renting on a corporate rate plan. In that case, you’ll need a valid state or federal government-issued photo ID and a current company or military ID.

If you’re an under-25 driver, you must pay a young driver surcharge.

Vehicle Requirements

There’s no denying that supercars cost a lot. Many people try to circumvent the expense of owning one by renting exotic vehicles for a day. While it’s a fun way to experience the thrill of driving an exhilarating car, it can also be quite costly.

Depending on the make and model, geographic location, and other factors, renting a luxury or exotic vehicle can cost anywhere from a few hundred to several thousand dollars per day. Additionally, the initial deposit on a rental can be quite high.

Some companies even require that renters pass a specialized driver’s test. This ensures that the person is safe to operate the vehicle and that the company doesn’t get ripped off by someone with little driving experience behind the wheel. In addition, many personal auto insurance policies do not cover rentals of exotic cars. Therefore, you may need to obtain additional coverage through a specialty agency. Lastly, most companies will not allow you to take the car off-road or race it.

Age and Licensing Restrictions

At 18, you’re considered an adult enough to vote, buy a car, and take out a mortgage. But are you renting a specialty vehicle like a Ferrari or Lamborghini? You’ll have to be 21 to do that.

Rental agencies have age restrictions because young drivers are more likely to get into accidents than older drivers. They also tend to cost more in insurance premiums.

That’s why most rental companies only rent to drivers over 25. However, the rules can vary based on location and even within the same company.

The policies for each location are outlined in the terms and conditions that must be agreed to when booking the vehicle. So, if you’re under the age of 25, check the terms carefully to see what the specifics are.

Insurance Requirements

Depending on your insurance coverage and the type of car you want, renting a supercar can cost thousands of dollars. Renters of exotic sports cars are often required to purchase a loss-damage waiver, or LDW. This covers damages to the rental car that your insurance doesn’t cover, including third-party liability. LDWs vary by rental company and location, with rates typically being higher for popular models like the Porsche 911 GT3 RS or the Hennessey Venom F5.

To reduce these costs, check whether your credit card offers primary rental car insurance first. Some brick-and-mortar car rentals and peer-to-peer car services offer additional insurance coverage for renters. These protection plans typically provide collision and comprehensive coverage but may not include liability. These coverages can be a good alternative to purchasing an expensive LDW.