What the Millennium Falcon Can Teach Us about Auto Insurance

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Automobile enthusiasts are passionate about their cars. That’s no surprise. Many owners of luxury, foreign or collector cars tend to treat their vehicles more like a treasured member of the family than a mere possession, so finding the right auto insurance is of the utmost importance.

If galactic insurance in the Star Wars universe was a real thing, Han Solo would be searching far and wide to find the right protection for his beloved Millennium Falcon. Although referred to as “garbage” in The Force Awakens, this legendary ship would likely cost a pretty penny to insure. Originally owned by the quick-witted swindler Lando Calrissian and awarded to Han Solo in a lucky game of Sabaac, the Falcon was more than gently loved. There are many factors that affect an auto insurance premium, so let’s take a look at how each would weigh in during the process of getting an insurance quote for the Millennium Falcon.

Collision and claims history

A vehicle’s collision and claims history is one of the biggest factors that helps to determine an auto insurance premium, and the Millennium Falcon would have far from a clean record. Having appeared in countless journeys and more than eight battles—including the Galactic Civil War—the collision and comprehensive coverages and bodily injury and property damage liability on this ship would be astronomical.

Because being at fault in a wreck and filing lots of claims can raise the price of your coverage, some insurance providers offer accident forgiveness, which can go into effect if you remain collision-free for a specified period of time after being involved in a wreck. That being said, it’s doubtful that the Falcon would be eligible for said forgiveness, given Solo and Chewie’s tendencies to blow up every rival spacecraft.

Credit score

Although he became a hero and valued member of the Rebel Alliance, Han Solo was known for having an extremely colorful criminal history as a smuggler, once majorly indebted to a crime lord who put a bounty on his head. Some insurance providers could take one look at his credit score, see this negative history and possibly refuse to insure his treasured Falcon.

Why are credit scores often used to help determine insurance premiums? Some providers believe there is a correlation between credit scores and an insured’s likelihood of filing a claim – the higher the credit score, the less likely policyholders have been to file claims and vice versa. However, this practice is thought to be controversial and is banned in some U.S. states. In a galaxy far, far away, however, we’ll likely never know if Solo gets the insurance he needs.

Licensed drivers on the policy

The primary pilots of the Falcon were Han Solo and Chewbacca, yet other pilots, including Rey in The Force Awakens, shared driving privileges. It’s a best practice to list all licensed drivers that may get behind the wheel on your auto policy. This practice is to protect you and your family members in the event of a wreck and to cut down on out-of-pocket expenses.

It’s doubtful that Solo would actually follow through with this requirement, which means he’d likely be out of luck when trying to file a claim if one of the other pilots were controlling the ship when a collision occurred.

Type of vehicle

The Millennium Falcon—one of the largest starships in the galaxy— would likely fall into the classic and collector vehicle category. The cars that fall into this category are typically rare and of high value, meaning basic auto insurance may not adequately cover possible damage and replacement costs and specialized protections may be needed. Boasting a length of more than 114 feet and equipped with enough space to haul 100 metric tons of cargo, the Falcon’s massive size is one of the first indicators that may determine just how lofty its insurance premium could be. Despite having a shoddy appearance, the starship had been modified to incomprehensible—yet somewhat illegal—levels, with an alarming top speed of roughly 6,252 trillion miles per hour. That’s around 1,042 light years per hour, in case you’re wondering.

Speed and size aside, the ship’s impressive armament alone—two CEC AG-26 quad laser cannons, two Arakyd ST2 concussion missile tubes, one BasTech Ax-108 “Ground Buzzer” blaster cannon and tractor beam projectors—would make the ship quite the liability given the chances that it may explode if involved in a collision. Before a classic or collector car insurance quote can be given, a “guaranteed value” of the car must be agreed upon by both the owner and insurer. The more expensive the vehicle, the higher the insurance quote may be. If a policy is created, the vehicle could then be covered for possible replacement up to that amount without depreciation and may potentially need to be adjusted if the value were to appreciate throughout time.

Address and chance of theft

If your primary address is “a galaxy far, far away,” getting an insurance policy wouldn’t be easy. Since the chance of damage from asteroids, debris and inclement galactic weather is quite high, the premium would probably skyrocket due to hefty comprehensive coverage needs. However, since Han Solo is rather sly, he’d likely skip adding the comprehensive coverage, steal some spare parts and put the Wookie to work to help fix the ship instead of filing a claim. Most insurers also look at less safe neighborhoods to determine the likelihood of the vehicle being stolen or vandalized, which plays a role in determining how much insurance could cost. Factors such as claims for stolen vehicles or property, vandalism or fraudulent injury claims in a given area can directly affect the cost of the premium. Given the Falcon’s history of being stolen and recovered numerous times, it would likely only be insurable at a very high rate, if at all.

Looking for auto insurance? May the Force be with you.

All of these factors considered, it’s safe to assume that most insurance companies would run full-speed away from the prospect of insuring the “fastest hunk of junk in the galaxy.” Though Solo could probably smooth talk his way into getting a good quote like the “scoundrel” Princess Leia considered him to be. If you’re looking for affordable auto insurance, don’t follow in Solo’s footsteps. It’s important to shop around for coverage and to have a licensed agent walk you through your options so that you get exactly the protection you need at a price that fits your budget.

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