Jumat, 20 April 2012

Lower You Luxury Car Insurance Premiums

Lower You Luxury Car Insurance Premiums

A luxury car is a high-end investment, with cars starting at over $50,000 you would expect auto insurance to be equally high. Luxury vehicles identified by insurance carriers include Bentley, Aston Martin, BMW, Ferrari, Jaquar, Maserati, Mercedes, Porsche, and Lamborghinis. As expexted Luxury insurance policies come with higher auto insurance quotes, but as well with higher levels of coverage, than the standard policies.

One of the reasons for this is the unfortunate fact that luxury cars are an attractive target for car thieves. Therefore, luxury policies carry unlimited coverage for both stereo and audio parts with higher limits on your legal expense.
Luxury Car Drivers

Statistics of luxury auto insurance companies report, that luxury cars are usually only driven on the weekends or used exclusively for special events. Insurance companies categorizes the owners of luxury cars, as men in their 40s, where speed is an important feature in the performance of these vehicles. Because owners demand more horse power, especially in the sports models, auto insurance companies recognize them as a higher risk group.
How To Lower Your Luxury Car Insurance

Luxury car owners are encouraged to use an insurance company that offers specialty insurance. More expensive, yes, but your peace of mind should be priceless. It is best to apply for the "Agreed Value" auto insurance policies. This type of policy guarantees that you will recover the full value of the vehicle if it is a total loss. There is also no depreciation in the value of the car.

Even luxury car owners need to shop around for the right auto insurance. One of the things that helps to reduce premiums is that insurance carriers look at your mileage. Lower rates are factored in, for people who do not place a lot of miles on their cars. Also, consider a membership in a luxury brand car club. As a member you can receive information from other members regarding the best auto insurance to purchase. Insurance companies reward luxury car club memberships, in lowering rates.

Contact your home owner insurance company, and ask if they offer a package, to include insurance for specialty cars.

Benefitsthat luxury car policies include are: theft, fire, accidents; bodily injury; property liability; uninsured motorist coverage; medical payments and depending upon the State and personal injury protection.

Despite the economy, the future for luxury car owners is good. Manufacturers are forecasting by building future, engineered platform and architectured green cars, with lower fuel parts and emissions being set by the world's standards. Albeit, luxury auto insurance rates will depend upon the components of these vehicles.

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