Insuring an expensive car

Do you have a car over 70,000 or 80,000 euros? Then you may have already noticed that you cannot get car insurance from every insurer. This is because insurers are not keen on insuring an expensive car. By an expensive car, insurers mean cars with a list value of more than 70,000 or 80,000 euros. Of course, if you have a nice car of BMW, Mercedes or Porsche, for example, you will quickly reach this value. You obviously want to enjoy your beautiful car, but why is insuring an expensive car so difficult? The reason is actually quite simple: the more expensive the car, the greater the risk for the insurer. At Alpina.nl we explain it to you.

Why is it difficult to insure an expensive car?

If you want to insure an expensive car, you cannot go to every insurer. That is annoying, because you want to insure an expensive car as best as possible. As we said before: the more expensive the car, the greater the risk for the insurer. Expensive cars are a popular target for criminals. The chance that the car will be broken into or stolen is greater with an expensive car than with a cheaper car. Moreover, if an expensive car is stolen, the damage amount for the insurer is very high. That is the reason why many insurers do not want to insure an expensive car. If an insurer does want to insure an expensive car, they often set high security requirements. The car must be equipped with a good security system, usually SCM security class 3, in combination with classes 4 and 5.

Tips on insuring an expensive car

Are you going to insure an expensive car? Then look into new value insurance. With a new value scheme, the insurer gives you an amount which is high enough to buy the same car new, if your car is declared total loss or stolen. This arrangement only applies to new cars and is only possible if you are the first owner of the car. New cars depreciate quickly. If you take out a car insurance with a new value scheme, the insurer will reimburse an amount equal to the new value of the same car. Are you not the first owner of the car? Then you can also look at the purchase value settlement. With the purchase price settlement, the insurer will refund you the purchase price if your car is declared a total loss.

Which insurer insures expensive cars?

If you want to insure an expensive car, you cannot go to every insurer. However, there are also specialised car insurers on the market who focus on insuring expensive cars. Please bear in mind that the premium is a lot higher than with a regular car insurance company. Fortunately, more and more regular car insurers, such as Delta Lloyd, are coming onto the market to insure expensive cars. Therefore, always compare different providers with each other, so you can find the best fitting car insurance.

Get insurance for your expensive car directly through Alpina

Do you want to insure an expensive car? Then don't forget to compare different providers beforehand. This can be done easily with our online comparison tool. Based on the license plate number, we can already find out a few details about the car. Then you only need to fill in your postal code and house number and choose a coverage. You will then receive a handy overview of all the car insurance policies that match your details. You can easily compare premiums and conditions. This way you can be sure that your precious car is well insured!

Do you have any questions or would you like to consult with one of our insurance specialists? Then don't hesitate to contact us! We are available from Monday to Friday from 08.00 to 18.00 on 088 - 688 37 00. You can also send us a message via chat, WhatsApp or Messenger.