If you’re worried about the safety of your luxury car, one of the best things you can do is get luxury car insurance. Besides, even regular cars need insurance, so it’s best if you can also get one for your luxury car. However, luxury car insurance can be a lot different from regular car insurance, so it’s ideal if you can also hire an insurance adviser.

Availing of luxury car insurance can be complicated, but with the help of an insurance adviser, you can get the insurance coverage that’s tailored to the needs of your car. Besides, even luxury cars tend to be distinct from one another, so working with a professional can be particularly helpful.

In this article, we’ll discuss the top reasons you need specialised insurance for your luxury car.

1. The Higher the Value the More Coverage is Needed

Luxury cars come with advanced technology, premium materials, and custom components, which make them costly replacements and repairs. This is why it’s not ideal to get the standard car insurance for luxury cars. Usually, the standard car insurance offers a limited payout that doesn’t cover the expensive parts and value of a luxury car.

On the other hand, a luxury car insurance usually depends on the location, vehicle type, driving records, and personal details, such as gender and age.

2. Expensive Repairs and Parts

As mentioned, the replacement and repairs of a luxury car are usually significantly more expensive than standard car repairs, since they have genuine parts, which can be sourced out in specialised stores, while the repairs are done in certified repair shops. When you bring your luxury car to a non-certified shop, it can make a significant impact on your luxury car, so make sure that the authorised repair shop will handle the repair of your car.

Aside from the specialisation of the repair shop, they usually also have the right car parts that can guarantee that your luxury car will still be in great condition.

3. High-End Accessories and Features

Even the special features and accessories are also covered by luxury car insurance. Some of the accessories and features that are covered by the insurance include custom interiors, an advanced sound system, and cutting-edge technology.

Since these things aren’t included in standard car insurance, it’s better if you opt for the luxury car insurance that can cover high-end accessories and features. If not, you’ll end up paying for the insurance coverage that you won’t ever need.

4. Agreed Value vs. Market Value

The standard car insurance covers the payoff based on the market value. On the other hand, the benefits of the luxury car insurance are based on the agreed value that the owner of the car and the insurance provider came up with.

This is essential so that if your luxury car has been written off or stolen, you can get the full agreed amount that has been decided. However, when it comes to the standard car insurance that’s based on the market value, it can depreciate, so you won’t be able to get the initial amount you’ve invested.

5. Enhanced Theft Protection

In luxury car insurance, there’s also enhanced theft protection since thieves often target luxury cars. So, if you have this type of coverage, it includes the GPS tracking support, theft recovery programmes, and higher coverage limits for accessories and stolen parts.

And since luxury cars are one of the most expensive investments, you can ensure that your car is well protected. At the same time, you can have peace of mind, even if you’re driving or just storing your car.

6. Better Customer Service and Claims Support

Aside from the basic coverage, luxury car insurance also offers a premium service experience. Since the luxury car insurance providers are experienced in handling luxury cars, they can easily provide the customer support and claims support that the owner needs.

On the other hand, policyholders can enjoy the dedicated support, claims handling, and even concierge-style assistance for a stress-free and smooth process. At the same time, if there’s a reliable personalised claims management, they are able to notify the owners and ensure that the repairs are done.

7. Coverage for International or Interstate Driving

If you often travel, and plan to use your luxury car for these travels, having specialised insurance can provide the protection beyond the limits you can achieve on the local coverage. Specifically, there’s the roadside assistance, international coverage, and temporary replacement of the vehicles.

Since there are specific tools needed to fix a luxury car, having luxury car insurance can help you in case there are issues while outside your state or country. That way, you won’t have to spend a lot to get it fixed.

Final Thoughts

Your luxury car deserves insurance that has comprehensive coverage that should match the performance, prestige, and price tag of your car. At the same time, it gives you peace of mind, especially knowing your luxury car is fully protected.