Yes, getting a luxury car insurance can be costly but isn't it too obvious to understand why is it so. The more luxurious a car, the more is the cost of the premium as its repair costs and replacement value are higher. It may sound cliché but the best way to save on your insurance is driving safe and smart. A clean driving record will earn you NCB discount. Another way to lower the premium is opting for a high deductible.
You must be proud of your choice. You feel your car is a great value for money whether it's the elegant looks, high performance, or interiors. But might we add, thieves have a taste for such stuff too and why not, stealing a car involves the same risk, be it a regular car or luxury car. Hence, luxury cars are more vulnerable to theft. Getting it insured lets you to enjoy your ride stress-free.
A luxury car is a one time investment even for the affluent class. The maintenance cost is quite high owing to which even minor repairs need you to pay a king's ransom. Considering this, it seems only wise to get it insured and let the insurance company bear the costs incurred on its repair.
In a country like India, a luxury car is an eye candy for the people. When you go out for a ride, some watch you with envy, some with amazement and some with joy. Needless to say, a luxury car, intentionally or unintentionally, distracts the regular commuters and lend them in high chances of falls and collisions.
It would be an altogether different affair if a pedestrian gets hit by a regular ride and if he gets hit by a luxurious ride as a BMW or a Mercedes Benz. If you drive a luxury car and stand at fault, the expectations of the other party increases instantly. A luxury car insurance protects you against such third party liabilities.
If the car breaks down in the middle of the highway, the mechanics at roadside garages are not competent enough to set it right. A car insurance with roadside assistance rider acts as a saviour in such situations. As far as servicing is concerned, a luxury car needs the touch of specialized mechanics at network high tech service centers listed with your insurer.
The relation between a luxury car and its owner is nothing less than a love affair. What can be a better way to pamper your beloved ride than getting it insured. Buying a luxury car involves a lot of shopping around; there's no reason buying a luxury car insurance should be any different.
It pays to log on to online insurance portals and make an exhaustive comparison between quotes from different insurers on the basis of features, add-ons and exclusions. Whether you own a high end SUV or a luxury Sedan, log on to Policy Bazaar and start getting and comparing quotes today.
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