CarsMotor Insurance

How Can I Reduce My Insurance Quote For A Luxury Car?

Blue Bentely Luxury Car

If you are the proud owner of a luxury car then this is sure to be your pride and joy, but you are also likely to lament just how expensive it is to keep the vehicle insured.

Whether you’ve got a high-end luxury vehicle like a Rolls-Royce Phantom or a cheaper luxury car like a Mercedes-Benz A-Class – the cost of ownership is going to be high.

Luxury car insurance is often more expensive for these types of automobiles because they are worth more money than regular cars, more expensive to repair and often targeted by criminals. So, how can you go about reducing your luxury car insurance quote?

Consider Parking

Where the vehicle is parked can have a big impact on the amount that you pay, including your postcode. If you are able to park the vehicle somewhere private and secure, such as a garage, then it can both reduce your premium while also helping to protect the car (and give you peace of mind).

Increase Security

Following on from this, another worthwhile step to take is to increase the security of the car such as having an additional alarm installed. This will make the car safer, which can lower insurance and again help you to feel confident knowing that you have taken steps to protect the vehicle from criminals. 

Increase Voluntary Excess

As with regular car insurance, if you increase your voluntary excess it can help to lower your insurance premium. This can be an effective strategy, but you do need to make sure that you would be able to afford the amount that you pay towards the claim. Higher performance vehicles are more likely to be involved in accidents whether you’ve got a high-end luxury car worth a fortune or something slightly cheaper, so increasing your excess is a smart way to bring costs down.


As with anything, it is always worth spending some time researching and comparing luxury car insurance policies. There are companies that specialise in this type of cover and this might end up being more affordable and providing greater protection than generic car insurance providers.

Job Title

Your job title can also impact the amount that you pay as it indicates a lot about you, your lifestyle and how much you are likely to drive. Obviously, you should never lie, but it is something to keep in mind when looking for luxury car insurance.

Driving Record

Your driving and insurance record to date will also have an impact on how much you pay. Those that have a completely clean record with no points on their license or previous claims will always end up paying less.

Luxury car insurance can be a huge cost to cover as an owner, but the good news is that there are always ways to bring this down while still getting sufficient cover for your investment and for peace of mind.

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