Exclusive car insurance: How do you insure a luxury or sports car in the right way?

Owning a luxury car, sports car or exclusive old -timer is a dream for many. Whether it is a Ferrari, Porsche, Lamborghini or Bentley , these cars deserve insurance that is just as exclusive as the car itself. But how do you ensure that your luxury car optimally insured against damage, theft and loss of value?

A standard car insurance often offers insufficient coverage for exclusive vehicles. In this blog you can read what you should pay attention to when insuring a luxury car , which extra coverage is essential and how to choose the best exclusive car insurance .

1. Why do you need a special luxury car insurance?

An exclusive car entails higher costs and risks than a standard vehicle. This is due to:

🏎 High value - Luxury cars and sports cars can quickly cost
€ 100,000 to € 500,000 or more 🚀 Fast acceleration & power - sports cars run a greater risk of damage due to their powerful performance.
💎 More expensive repairs -original parts, handmade craftsmanship and high-tech electronics make damage repair more expensive.
🔒 Increased theft risk - luxury vehicles are popular with car thieves and must be extra protected.
📉 Value retention - The value of exclusive cars can fluctuate, so that standard insurance is not always sufficient.

💡 An exclusive car insurance offers better coverage and insures the car at real market value, instead of current value.

2. What cover do you need for a luxury car?

An exclusive car requires insurance that goes beyond a standard liability or all-risk insurance. These are the most important coverage you need:

✅ 1. All -risk insurance (full hull)

For luxury cars, all-risk insurance the best choice, because it offers coverage against:
✔ Damage to others (liability)
✔ Damage to your own car due to its own fault
✔ Fire, storm and nature damage
✔ Theft and burglary damage

💡 With exclusive cars, damage is often calculated on the basis of replacement value instead of current value. This prevents you from missing out on a lot of money at Total Loss.

✅ 2. Theft and vandal insurance

✔ Protection against theft, joyriding and burglary.
✔ Coverage for damage in the event of an attempted theft.
✔ Often the car requires SCM approved security .

✅ 3. Value guarantee & depreciation protection

✔ Warranty against value reduction : if your car is declared a total loss after damage, you will receive the purchase value instead of the much lower daily value.
✔ Coverage for the increase in the value of vintage cars and exclusive vehicles .

✅ 4. Trackday coverage (for sports cars)

✔ Special coverage for damage on the circuit (not always included as standard).
✔ Protection against motorsport -related damage.

✅ 5. breakdown assistance and replacement transport

✔ Worldwide roadside assistance, including assistance with transporting exclusive cars.
✔ Replacement transport at a high level (no standard rental car).

💡 Many exclusive car insurance also offer coverage abroad, useful if you regularly travel through Europe.

3. What does an exclusive car insurance cost?

The premium of an exclusive car insurance depends on various factors:

📌 The catalog value of the car - the more expensive the car, the higher the premium.
📌 The type of vehicle -A Ferrari has a higher insurance risk than a Mercedes S-Class.
📌 Age and driving experience of the director - young drivers pay a higher premium.
📌 Number of kilometers per year - the less you drive, the lower the premium.
📌 Security -A car with an SCM-Good alarm system or vehicle tracking system receives a discount.

💰 Indication of the costs:
🔹 luxury sedan (eg Mercedes-Benz S-class, BMW 7 series) -from € 100 to € 300 per month .
🔹 sports car (eg Porsche 911, Ferrari F8 Tributo) - from € 200 to € 700 per month .
🔹 Supercar or Hypercar (eg Lamborghini Aventador, Bugatti Chiron) - from € 500 to € 1,500 per month .

💡 Do you want an exact premium? Request a quote from Finass insures insures .

4. How do you get the best luxury car insurance?

To get the best coverage for your exclusive car, pay attention to the following points:

✔ 1. Choose an insurer that specializes in luxury cars

Regular car insurers can be limited in coverage and damage settlement. Choose an insurer with experience in exclusive vehicles .

✔ 2. Check the valuation of your car

Ask if the insurance works with:
✅ Purchase value guarantee - benefit based on the original purchase price.
✅ Appraisal policy - The car is valued in advance, so that you are insured at the real market value.

✔ 3. Note the security requirements

Many insurers require extra security, such as:
🔒 SCM-Good-approved alarm (class 3 or higher).
📡 GPS follow-up system for quick finding with theft.

✔ 4. Choose global breakdown assistance and exclusive service

A luxury car deserves an exclusive service. Choose an insurance policy that:
🚗 offers
customized transport transport ✈ international coverage for travel in Europe or beyond.

💡 Always ask for a customized quote from a specialized insurer such as Finass insures .

5. Frequently asked questions about luxury car insurance policies

💬 Can I insure an exclusive car in the name of my company?
Yes, business insurance for luxury cars offer extra benefits, such as tax deduction and flexibility in the fleet.

💬 Is an exclusive car insurance more expensive than normal insurance?
Yes, but you also get more extensive coverage, appraisal protection and premium service .

💬 What if my car has a value increase?
Some insurance policies offer a value guarantee that takes rising market prices into account.

💬 Are cars insured on the circuit?
Normal insurance does not , but special trackday insurance available.

6. How do you take out luxury car insurance?

Do you want to optimally insure your exclusive car? Follow these steps:

1️⃣ Choose a specialized insurer - not all insurers cover luxury cars.
2️⃣ Determine the desired coverage - choose extras such as value guarantee and roadside assistance.
3️⃣ Have your car appraised - avoid underinsurance in the event of damage.
4️⃣ Request a quote from Finass insures .
5️⃣ Take out the insurance and drive carefree!

💡 Do you want the best insurance for your luxury car? Request a quote from Finass insures you ! 🚀