How to That Insurance Discounts for High-End Vehicles


If you own a luxury car or some high-end vehicles and still looking for ways to, at least, cut the insurance costs, then this article is for you. If you do not own one, feel free to browse through our other articles found in this website.

So, going back to that question, yes, it is still possible to slash down your expensive insurance premiums by doing the tips, which I am going to share with you today. High-end vehicles such as BMW, Jaguar and Audi automatically get very high premium rates.

There are several reasons why it ended up that way.  You may or may not know that your age, profession, location, driving records, driving experience and even your credit score will have something to say on your insurance rates. In addition to that, the type, the model and the make of your car also plays a big consideration.

Some predetermined factors that auto insurance companies use is the likelihood of the vehicle to get into an accident, the cost of the repairs or replacement in case the car is totaled and the chances that it becomes the target of thieves. On top of that, the safety of the passengers during an accident is decided as well.

It cannot be denied that the cost of repair for luxury cars is indeed very expensive. Try wrecking a BMW or Audi, and you will see what I am talking about. Since most of the car’s parts or accessories would need to be imported miles and miles apart, additional expenses are only expected to rig up the costs.

On the other hand, it is still possible that these types of vehicles would qualify for some discounted rates because of their safety features installed out-of-the-box, which means that they offer better protection against thieves using their high-tech tracking systems or antitheft devices. But then again, the chances of getting cheaper rates can be knocked out by yet another factor that is usually the status or profession of the driver. 

For example, only the CEOs from the top business organizations, successful lawyers or bankers from prestigious firms could buy such expensive possessions. Most of the time, these individuals are considered as high-risk drivers by most insurance providers due to the nature of their jobs. This is the reason why even if they qualify for cheaper insurance rates, there is of very little chance of actually receiving it.

What are some luxury vehicles that may qualify for cheaper rates?

Perhaps you are wondering if luxury vehicles will ever qualify for cheaper rates. We have been told that high-end vehicles such as BMW (the 300 series, specifically), the Volvo and Audi may qualify for such cheap premiums. In the case of BMW 330i, insurers have found out that this car sports numerous safety features including airbags with automatic sensors, reinforced doors, full array of antitheft protection systems, panic alarm systems, child safety locks and so on. On the other hand, the Audi A-4 also features the same safety components, including its patented LATCH system.