The demand for luxury cars in South Florida is growing
The increase of high end luxury vehicles appearing on the roads in South Florida is a daily occurence. The advent of technology and blending of hybrid capabilities creates an ever increasing desire for one of these beautiful and smart luxury vehicles. Tesla, Ferrari, Aston Martin, Mercedes Benz, Porsche, BMW, Range Rover, Audi, Lamborghini, Rolls Royce, and other makes are producing some very interesting new electric and hybrid luxury cars. With that in mind, if you own a luxury vehicle and are unlucky enough to be involved in an accident – the last thing you want is undervalued insurance.
There is absolutely a need for specialty insurance
Luxury vehicles represent a unique set of liabilities for insurance companies. Access to specialized repair shops that offer genuine manufacturer components as well as higher limits for collision coverage are determining factors. The truth is that even up to 25k in insurance coverage often doesn’t cover the repairs on the majority of vehicles we do at 1st Class. Luxury car owners need to enquire about Luxury Car Insurance with customized coverage, the key is to ensure the value of the car is protected.
Picking the right agent
The last thing you want as a luxury car owner is to take a picture of the damage, send it to the insurance company and wait for a check in the mail. You need an insurance agent that is willing to be your personal advocate and liaison. They should be willing to assist you from the moment your accident occurs. They should confirm all of the critical information needed to protect your liability and in the chaos, ensure your investment is protected. Most insurers are also not intimately familiar with authorized repair procedures required for high end luxury vehicles. Your agent should be willing to fight on your behalf when a disagreement arises about the care and repair of your vehicle between yourself or 1st Class and the carrier.
The cost of your luxury vehicle doesn’t always mean more pricey insurance rates. Search online specifically for car insurance for luxury automobiles, you’ll will find insurers who offer better rates. While cheaper insurance is often not a priority for luxury car owners, it’s still always nice to spend a little less whenever you can. After all, you probably didn’t retain your wealth by wasting your money! The fact is, most luxury vehicles are not “daily drivers”, they are often low use special occasion vehicles. If something like a usage based telematics device is installed, you can prove your luxury vehicle is being driven safely and/or infrequently. Simple factors like these that should help avoid paying a higher rate.
And if you need help repairing your luxury car’s auto body damage after a collision, contact us at 1st Class Auto in Pompano Beach.
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