High Value Car Insurance
High value car insurance can be a bit of a mine field, our team will use their specialist knowledge of the prestige car insurance market to ensure you get the coverage you need at the right price. With experience in arranging Luxury Car Insurance for our clients, we can advise on the best level and type of cover for your needs.
What is high value car insurance?
Car insurance prestige and luxury car is recommended for anyone who owns a supercar, a vintage classic, or a highly valued vehicle. This cover can include extra protections that might be required for cars of this calibre, that wouldn’t normally apply within a regular car insurance policy. Covers such as reinstatement cover, or your own choice of specialist garage should your car need any repairs or restoration as a result of an accident.
Who needs high value car insurance?
If your car is worth over £50,000 you need something a little more specialist when it comes to your car insurance. Not many insurers offer insurance for high value cars and if they do, you could well end up being overcharged for it because of your car’s higher price bracket. It’s usually recommended that you use a specialist broker with luxury car insurance experience to make sure that your investment is properly protected. Whether you own a Jaguar, Bentley, Porsche or an Aston Martin, 1st Choice can find you the appropriate high value insurance coverage for your requirements.
Benefits of Comprehensive Insurance for High Value Cars
Comprehensive is the best level of prestige car insurance protection you can buy, and we usually recommend this cover for all high value vehicles. It includes third party, fire & theft and will cover the cost of repairing or replacing your car if it’s involved in an accident or if it’s damaged maliciously (such as vandalism). Comprehensive luxury car insurance often includes other benefits such as windscreen cover, extended cover for driving outside the UK, and a courtesy car to replace your vehicle if it’s in for repairs.
Things to consider for your high value car insurance…
An important factor to consider when taking out a prestige car insurance policy, is whether the insurers will insist that you use their preferred garage repairer in the event of an accident, or whether you can choose your ideal specialist repair centre, which could affect your warranty, depending on where your vehicle was purchased. You may also wish to ensure that any parts that may need to be replaced in the event of an accident repair are specific to your car’s make / model and not a generic ‘off the shelf’ version.
You may also wish to consider a guaranteed value policy, as opposed to market value, which is common for high value vehicles. In the event of a total loss, this type of policy would pay out a pre-arranged sum that was agreed at the inception of the policy. This is likely to require a valuation certificate from an independent expert to confirm the vehicles value for insurance purposes.
Particularly for things like Classic Car and Modified Car Insurance, it is common for insurers to request photographs of the vehicle (exterior, interior and engine etc.). Keeping copies of receipts from any modifications or repairs can be used to support evidence of your vehicle’s value.
Our team will be able to advise on the luxury car insurance cover choices that are available to you, from both mainstream and specialist insurers. As with all insurance policies, it is important to carefully check your policy wording to check that it is suitable for all your requirements.
Get a High Value Car Insurance Quote
Whatever your requirements for prestige car insurance, 1st Choice offers an award-winning service and is here to help. Don’t just take our word for it, you can check out what our clients say on REVIEWS here – Over 95% of our clients rate us as ‘Excellent’. We also offer you quick quotes, expert knowledge, competitive prices, instant cover, and all your insurance documents via email.
We believe that everyone deserves great value on their car insurance prestige policies, which is why we try to offer the best value for money with incredible savings. Call our friendly team today on 01743 770 500 or complete our Get a Quote Form to request a call back.