Want to insure a luxury car? This is what you need to know about Exclusive Car Insurance

Driving one luxury car or sports car is a special experience. Whether you have a Porsche, Ferrari, Lamborghini or Bentley property, you want to protect your valuable property as best as possible against damage, theft and loss of value.

A standard car insurance often does not provide sufficient coverage for exclusive cars. That's why one exclusive car insurance a smart choice. But what coverage do you need? What should you pay attention to when taking out a policy? And how do you ensure that you are not underinsured? In this blog you will discover everything about insuring a luxury car.

1. Why Do You Need Special Luxury Car Insurance?

Have luxurious and exclusive cars higher purchase values, more expensive repairs and an increased risk of theft. This brings additional challenges that standard insurance often does not fully cover.

🔹 High value – Exclusive cars often cost €100,000 or more, which means that standard insurance is not sufficient.
🔹 More expensive repairs – Original parts and specialized technicians make damage repair expensive.
🔹 Greater theft risk – Luxury vehicles are popular with car thieves and must be extra secured.
🔹 Value retention – The value of some exclusive cars is increasing, which means that insurance against current value may be disadvantageous.
🔹 International use – Luxury cars are often used abroad, which requires extra coverage.

💡 With exclusive car insurance you are insured for the true value of your car and you benefit from premium service.

2. What Coverages Are Essential for Luxury Car Insurance?

A basic third party insurance only provides coverage for damage you cause to others. This is for a luxury car not enough. Exclusive car insurance offers more extensive protection.

✅ 1. All-risk Insurance (Full Casco)

For luxury cars is a comprehensive insurance the best choice because it offers coverage against:
✔ Damage to others (third party liability coverage)
✔ Damage to your own car due to your own fault
✔ Fire, storm and natural damage
✔ Theft and burglary damage

💡 Many exclusive car insurance policies work with replacement value instead of current value, so that you receive fair compensation in the event of a total loss.

✅ 2. Theft and Vandalism Insurance

✔ Coverage at theft, joyriding and burglary.
✔ Protection against attempted theft (e.g. forced locks or smashed windows).
✔ Often required that the car is equipped with SCM approved security.

✅ 3. value guarantee & Taxatiedekking

✔ Guarantee against depreciation: In case of total loss you will receive the purchase value instead of the much lower current value.
✔ Valuation policy: Your car is appraised in advance, so that you are insured at the current market value.

✅ 4. Roadside Assistance and Replacement Transport

✔ Worldwide roadside assistance, included transport of exclusive cars in case of damage.
✔ High-level replacement transport (not a standard rental car, but an equivalent class).

✅ 5. Trackday Coverage (for Sports Cars)

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

💡 Do you want to be sure that your luxury car is perfectly insured? Request a customized quote from Finass Insures.

3. How much does Luxury Car Insurance cost?

The premium of an exclusive car insurance depends on several 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 driver – Young drivers pay a higher premium.
📌 Number of kilometers per year – The less you drive, the lower the premium.
📌 Security – A car with a SCM-approved alarm system or vehicle tracking system gets a discount.

💰 Indication of costs:
🔹 Luxury sedan (e.g. Mercedes-Benz S-Class, BMW 7-Series) – From €100 to €300 per month.
🔹 Sports car (e.g. Porsche 911, Ferrari F8 Tributo) – From €200 to €700 per month.
🔹 Supercar or hypercar (e.g. Lamborghini Aventador, Bugatti Chiron) – From €500 to €1,500 per month.

💡 Do you want an exact premium? Request a quote without obligation Finass 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 may be limited in coverage and claims handling. Choose an insurer with experience exclusive vehicles.

✔ 2. Check the valuation of your car

Ask whether the insurance works with:
✅ Purchase value guarantee – Payment based on the original purchase price.
✅ Valuation policy – The car is appraised in advance, so that you are insured for the true market value.

✔ 3. Pay attention to the security requirements

Many insurers require additional security, such as:
🔒 SCM approved alarm (Class 3 or higher).
📡 GPS tracking system for quick recovery in the event of theft.

✔ 4. Choose worldwide roadside assistance and exclusive service

A luxury car deserves an exclusive service. Choose insurance that:
🚗 Customized replacement transport offers.
✈ International coverage for travel in Europe or beyond.

💡 Always request a customized quote from a specialized insurer such as Finass Insures.

5. Frequently Asked Questions about Luxury Car Insurance

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

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

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

💬 Are cars on the circuit insured?
Normal insurance covers track use not, but there are special ones track day insurance available.

💡 Do you want to optimally protect your luxury car? Request a quote without obligation Finass Insures and discover the best insurance for your exclusive vehicle! 🚀