Getting the Best Value When Buying Auto Insurance for A New, Luxury Vehicle

Finding the best value and service for a new, luxury vehicle can be a daunting task. Investing in a new car with a high dollar value could also mean increases to your current auto insurance policy overall. Below are a few key tips and tricks to help ensure you find the best value coverage to meet your needs. 

Insurance Tips Before You Buy

The investment in auto insurance should be something you weigh carefully. Here are the top 4 tips to get started:

1. Review Your Policy - Look at the policy carefully to determine what you are paying for before you sign the contract.  

2. Coverage - Your policy should have a high enough coverage amount to cover the high value of your car.  

3. Replacement Value - Look at how much insurance coverage the policy offers for replacement value. You also need to consider any extras on the car, such as high-end entertainment features or built-in technology.

4. Talk With Your Agent - Ask your agent to see if these items have coverage. Most new vehicles, especially with a loan or a lease, need full coverage. This should include:

• Liability Insurance
• Comprehensive Insurance
• Collision Insurance
• Uninsured and Underinsured Motorist Coverage
• Medical Payments

Using these tips will help you make valuable, more informed decisions.  

Getting the Best Value On Luxury Vehicle Car Insurance

• Bundle all of your insurance products and vehicles on one plan, with one insurer. This provides you better insight into your policies, updates, changes, and more, giving you peace of mind to make better decisions. 
• Purchase the actual value car insurance instead of replacement insurance. This can be risky in some cases especially if you are buying a rare car. Actual value will only pay you the car's depreciated value at the time of an accident. That might not be enough to compensate the purchase a new car.
• Invest in a higher deductible. Raise your deductible to $2,000 or more, if possible. This can help your savings for premiums. However, remember, you have to pay that $2,000 in the event of a claim over that amount.
• Ensure your vehicle has a security system and tell your agent. This not only helps to keep your vehicle secure but also reduces your liability in the event of incident. 
• Remain a safe driver. It’s always best to avoid moving violations, such as speeding. This can impact your significantly on all fronts, especially with luxury or sports vehicles.

If you are unsure of the cost of your policy, contact your auto insurance agent directly. They can provide a quote for you before you buy the car. This can give you clarity on what to expect to pay when you purchase your luxury vehicle. For more information on how Dakkak Insurance can help protect what matters most, please contact us or call to speak with an agent at 877-921-6630.

For more information:

 Classic Car Insurance

 Auto Insurance