Exclusive cars and insurance: how do you choose the best coverage for a high -quality car?
Owning an exclusive car , such as a Ferrari, Lamborghini, Porsche, Bentley or Rolls-Royce , means that you not only enjoy luxury and performance, but also that you have to protect your vehicle properly. A standard car insurance is often not sufficient for the high value, expensive repairs and unique risks of a luxury car.
But how do you choose the best coverage for a high -quality car? In this blog we discuss why a special exclusive car insurance policy is necessary , which coverage are indispensable and how you ensure that you not underinsured .
1. Why do you need exclusive car insurance?
A standard car insurance usually offers insufficient protection for exclusive vehicles. This is due to the following reasons:
🏎 High purchase value - Exclusive cars often cost € 100,000 to € 500,000 or more , which means that an insurance with current value is insufficient.
🔧 more expensive repairs - original parts and specialist garages make damage repair much more expensive than with standard cars.
📉 Value retention or increase in value - some luxury cars retain their value or even rise in price, which requires a valuation policy.
🔒 Higher theft risk - luxury vehicles are popular with car thieves and require additional security measures.
✈ International use - Many exclusive cars are driven abroad, which makes insurance with global coverage necessary.
💡 An exclusive car insurance offers customization and full coverage for these unique aspects.
2. What coverage are essential for a luxury car?
When insuring an exclusive car, only a third-party insurance policy is insufficient . Extensive insurance is necessary to minimize damage and financial risks.
✅ 1. Allrisk (full hull) insurance
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
💡 Many exclusive insurance policies pay out on the basis of replacement value or appraisal value, instead of current value.
✅ 2. Value guarantee & appraisal insurance
✔ Determined appraisal value instead of current value.
✔ No depreciation within the first years.
✔ Coverage for an increase in value with vintage cars and collective objects.
💡 If your exclusive car rises in value, an appraisal policy prevents you from receiving too little in the event of damage.
✅ 3. Damage repair at brand dealers
✔ Repairs at official brand dealers and recognized damage repairers .
✔ Use of original parts .
✔ No standard repairs with universal garages .
💡 Have standard insurance carries out repairs with cheaper damage repairers, which can lower the value of your car.
✅ 4. Theft insurance with advanced security
✔ Coverage with theft worldwide.
✔ Reimbursement for joyriding and fallow damage .
✔ Vehicle tracking systems and SCM approved alarms can provide a premium discount.
💡 Many insurers demand at least a SCM class 3 security system or a GPS tracking system.
✅ 5. Roadside assistance and excluding replacement transport
✔ Breakdown assistance throughout Europe or worldwide.
✔ Custom replacement transport (no standard rental car, but an equivalent luxury model).
💡 With a standard insurance you get a normal rental car, which does not match the driving experience of a luxury car.
✅ 6. Trackday coverage (for sports cars)
✔ Special coverage for damage on the circuit (not included as standard).
✔ Protection against motorsport -related damage.
💡 Not all insurance policies cover damage that arises during trackdays. Do you want to drive circuit days? Then choose a policy with trackday coverage.
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 an Audi RS6.
📌 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 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 exclusive car insurance?
To get the best coverage for your luxury car, pay attention to the following points:
✔ 1. Choose a specialized insurer
Regular 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 .
💡 Do you want to optimally protect your exclusive car? Request a quote from Finass insure and discover the best insurance for your luxury vehicle! 🚀
