Insuring an Expensive Car

• Aston Martin
• Audi (especially RS models and the e-tron GT)
• Bentley
• BMW (especially M models and the 7- and 8-Series)
• Ferrari
• Jaguar
• Lamborghini
• Land Rover (especially Range Rover models)
• Lexus (top-of-the-line models such as the LS or LC)
• Maserati
• McLaren
• Mercedes-Benz (primarily AMG models and S- and G-Class vehicles)
• Porsche
• Rolls-Royce
• Tesla (especially the Model S Plaid and Model X Performance)
• Volkswagen (Golf GTI, Golf R, Tiguan R, or Touareg)

Insurance companies usually classify these brands directly as “expensive cars,” especially when it comes to electric cars, new models, or special sports editions.

As a standard, accessories are often covered up to about €1,000. Do you have more expensive parts or have you performed a complete upgrade?

In that case, you can easily add this additional amount to your coverage. A set of original or sport rims often exceeds the standard coverage amount. You can choose the amount for which you want to insure your accessories. You can always adjust this amount later.

There are 5 different classes of car alarms:

• Class 1 Car Alarm: Immobilizer
• Class 2 Car Alarm: Alarm System
• Class 3 Car Alarm: Alarm System with Tilt Detection
• Class 4 and 5 Car Alarms: Vehicle Tracking System

Insurance companies often require at least an SCM security class 3 alarm system. A car must have an alarm system with automatic immobilization and tilt detection.

For even more expensive or exclusive cars, Class 4 security may be required. This means the car must be equipped with a vehicle tracking system that can locate the car after it has been stolen. In some cases, Class 5 is even required. In that case, the vehicle tracking system is automatically activated as soon as the alarm goes off.

In addition, insurers sometimes require that the car be parked in a locked garage to reduce the risk of theft. Parking in a garage is considered an additional security measure, especially for convertibles or other expensive cars.

Always check whether your car meets the insurer’s security requirements before purchasing insurance. If you don’t meet a security requirement, you’ll need to purchase that system separately. Calculate your premium, and you’ll immediately see which security system you need for the insurance.

Insuring an expensive car can be difficult. The risk of break-ins or theft is higher for an expensive car than for a less expensive one. The more expensive the car, the greater the risk for the insurer and the higher the potential claim amount. Many insurers are therefore particularly reluctant to insure these cars.

However, there are often modified terms or additional requirements. For example, the car must be equipped with a reliablesecurity system.

At Alpina, you can easily insure your exclusive car online. Compare various insurers and calculate your premium right away.

Most standard auto insurers also insure high-value cars. Therefore, it is not always necessary to purchase an exclusive auto insurance policy from a specialized insurer. However, specific conditions often apply, such as the requirement to have an alarm system or additional security measures in place.

No, you can also get insurance for many expensive cars from regular insurers, as long as your vehicle falls within their underwriting limits and meets the security requirements. However, a more expensive car often means a higher premium than for a regular car.

Most insurers generally set a limit of €70,000 to €80,000 in list price to classify a car as “expensive.” This refers not to the current market value, but to the vehicle’s original new price.

Brands such as Porsche, Tesla, BMW, and Mercedes often fall into this category with their top-of-the-line models because the insured amount is higher than for a standard car.

At Alpina, insuring exclusive cars is no problem. Calculate your premium right away.

That’s certainly a wise decision, especially for new or very expensive cars. Comprehensive insurance also covers damage you cause yourself, such as parking damage or a fender bender. With an expensive car, those costs can really add up, so comprehensive coverage gives you financial peace of mind.

Are you looking for an affordable option with less comprehensive coverage? Then choose limited comprehensive insurance.

For high-end cars, an SCM Class 3 alarm system is required as a minimum. For luxury models, Class 4 or even Class 5 may be required, in which case the vehicle must be equipped with a tracking system that automatically activates in the event of theft. Sometimes the insurer also imposes requirements regarding parking, such as a locked garage.

Calculate your premium, and you'll immediately see which security system you need.

The replacement value policy applies to new cars and ensures that, in the event of a total loss or theft, you will be reimbursed the amount needed to purchase the same car new. The purchase price policy applies to used cars: in that case, you will be reimbursed the amount you originally paid.

Since new cars can lose value quickly, this helps you avoid having to pay a lot out of pocket.