Before signing the order form at your car dealership, find out the average price of insurance for a luxury car. If the prestige of the car is paid for on purchase, the amount of the insurance premium is not necessarily as high as it would suggest. lesferrets share with you behind the scenes of the insurance of a prestige car.
What is a luxury car?
You must, above all, make the difference between a luxury car and a car with a high-end finish. The first is reserved for a wealthy clientele while the second is more popular.
The luxury car corresponds to a certain standing in connection with the prestige of the brand. This corresponds to its quality of manufacture and the choice of noble materials on board. The seats are covered with quality leather, the cabin is adorned with luxurious wood, carbon or titanium insert. The engine is powerful and offers generally impressive performance.
The best-known brands synonymous with luxury cars are Porsche, Maserati, Ferrari and Bentley. Their equipment is at the cutting edge of technology and the after-sales service is worthy of the purchase price of its exceptional cars. Sometimes the models are made in a very limited edition, produced in a few tens or hundreds of copies. This type of car is aimed at a privileged clientele with significant financial means.
A top-of-the-range car corresponds to a classic and widespread model in its highest finish. It is equipped with more qualitative options providing more comfort. It has additional equipment. Automatic air conditioning replaces the air conditioning of the low-end version. The seats receive alcantara or leather upholstery instead of the rough fabric of the entry level. The sheet metal rims give way to larger aluminum rims.
A car with a top-of-the-range finish can be a Peugeot 3008, a Skoda Superb or a DS 3 Sportback. If they are better finished than their entry-level counterparts, they do not have that refined and exclusive touch of luxury cars.
How much does luxury car insurance cost?
As with any type of vehicle, the amount of the auto insurance premium for a prestigious automobile varies according to many criteria. It is therefore difficult to give the exact amount to insure a luxury car. Each insurer will take into account your profile and the vehicle to be covered. The main elements used to establish the price are:
- Driver’s age and driving experience
- Markup-deduction coefficient
- The place of parking and the type of parking (collective garage, private garage, etc.)
- Insurance history (number of years insured, responsible claims, etc.)
- The make and model of the vehicle
- His power and his age
- Etc
The average annual contribution to insure a luxury car is in the range between €700 and €1,100. However, as mentioned above, the amount varies according to the different criteria and the level of cover desired.
The choice of all-risk insurance, instead of third-party coverage, has a strong impact on the amount of the annual premium, as for any vehicle.
Find your car insurance with lesfurets
To insure your new luxury car at the best price, use the ferret comparator. Simple, practical and without obligation, you get proposals in a few minutes. All you have to do is complete your driver profile and indicate the model of your car to obtain, in a few clicks, the most relevant proposals.
lesfurets ask a panel of around thirty partner insurers to offer you the most advantageous offers according to your search criteria. The quotes take into account your wishes in terms of level of guarantee and additional options. You visualize at a glance the amount of the annual contribution as well as the level of deductibles.
The comparison is fast and intuitive. You can quickly identify the offer that best meets your needs. With one click, you can choose to subscribe to the proposal of the insurer of your choice.
To save time, everything is done online, from the transmission of documents to the subscription of the contract. Enjoy your car instead of wasting time with an insurer.
Your vehicle is quickly covered by the insurance of your choice. You join all motorists already using lesferrets to find insurance at the best price. On average, they save 360 euros on their new contract, take advantage of that too. Make the right choice by adopting ferrets.
