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2017-06-18_11.42hrs_Le_Mans_IMG_5645As the Paris motor show celebrates its 120th year this month, there is no better platform to see everything that is new, innovative, sporty or luxurious in the automotive industry today and what is coming in the future.

I enjoy wandering around car shows, seeing the latest models and innovations. Whether you can afford them or not, it is the luxury end of the car market that attracts the most attention, especially the prestige luxury saloons or sports supercars.

Being a partner at an independent insurance broker, I find myself assessing the cost of insuring and owning these vehicles with an eye to minimising the high cost of insurance cover and protection from vandalism or theft on behalf of our clients.

Cut the cost of your prestige car insurance and keep your vehicle safe
There are a few simple things you can do to help reduce your car insurance, whether it is a prestige supercar or a family saloon:

Family fleet insurance
By insuring all the cars in your family under one policy you can reduce the premiums of all the vehicles in the fleet. Discounts can be up to 20% so your expensive prestige model should benefit more than the other cars in your fleet. Other benefits include a single renewal date and one set of forms for all.

Make and option packs can affect your premium
With luxury cars, it is sometimes the brand of the vehicle more than the value that can determine the insurance premium. Repair costs, availability of spare parts, location of authorised repairers and vehicle specification level can all affect your insurance premium.

Accident reducing technology
Check the specification of your new car before you buy and go for the “safety pack” that includes the latest technology such as autonomous emergency braking, rear traffic alert, lane keeping and electronic stability control, plus many more car safety features being installed in new vehicles.

On-board CCTV systems
Installing an all-round camera system can reduce insurance premiums by acting as a deterrent to theft, helping insurers to establish who is at fault in an incident, speeding up the claims process and providing vehicle tracking to recover the vehicle.

Defensive or Advanced driving skills course
Learn how to become a better driver by taking a specialist driving course that will give you the skills to become a safer driver.

Shop around to find the best deal
Discuss your next car purchase with your insurance broker who will be able to give you advice on what to think about to protect your car and can research the best insurance provider for the vehicle you are thinking of buying.

Other things that can help
Stay healthy, keep a clean driving record and, if possible, limit your annual mileage.

CLA (Risk Solutions) have a team of specialists who can advise you on the most effective ways to protect your next prestige car purchase to keep it protected and provide a competitive insurance quote.
Call 0121 321 4600 to talk to one of our team.
Prestige_car_insurance_for_supercarsThere are car owners and there are car enthusiasts. As one of the Directors at CLA (Risk Solutions), I fall into the latter category. When I’m not driving my own car, I am watching motorsport or visiting motor events around the country.   Our prestige motor insurance provides a personal service tailored to the needs of our high net worth clients.

As specialist car insurance brokers, we understand the requirements of our luxury car owners and the insurance policy cover you need for your treasured vehicle or vehicles.

Whether you have a high-performance supercar, luxury saloon or a timeless classic, we will be able to provide the level of insurance needed to protect your vehicle whether it is driven every day or in storage waiting for that sunny day to go for a spin.

These vehicles are very often bought as financial assets that increase in value over the years. It is important to have adequate insurance cover in place that reflects the current value and replacement costs of these valuable cars that can be worth hundreds of thousands of pounds.

CLA can arrange valuations to ensure you receive the full replaceable value of your car together with a range of other benefits that you will find invaluable and not available from your standard car insurance policy, for example:
  • Cover for high value prestige cars over £100,000
  • Insurance cover for all uses; commuting, business, personal and in storage
  • Drivers between the ages of 17 to 85 (subject to experience)
  • Modified or imported vehicles
  • Drivers with a history of accidents and convictions
  • Overseas trips cover
  • Similar value courtesy car provided
  • Any repairs carried out by a garage of your choice or an approved garage
  • Multiple vehicle insurance
  • Dedicated claims contact
Multiple car cover
You can add as many cars as you like to your prestige car insurance policy for yourself and include other members of your family. This will save you money compared to individual policies and simplify the management of your family’s fleet with a single policy renewal date.

To find out more about our high net worth client insurance policies and arrange a meeting to discuss your requirements, please call Adrian on 0121 321 4600.
24th August 2017

Prestige cars seen in London

Prestige_car_insuranceThere are more billionaires in London than in any other city in the world. It is therefore not surprising that expensive supercars can be regularly seen on the capital’s streets.

London must be one of the most difficult cities to negotiate in any car, let alone a low slung super car trying to manoeuvre through narrow streets and road furniture. You are going to need specialist insurance to ensure you are fully covered for every eventuality.

You don’t have to be one of the world’s super-rich to own an expensive car these days, though anything over £100,000 is still going to place you in an exclusive section of the population. Prestige cars need prestige car insurance to ensure they are fully covered for a variety of insured risks.

Specialist car insurance will provide additional services over regular car insurance. For example:
  • Personal attention from expert claims handlers
  • Premium courtesy cars
  • Access to specialist repairers
Add high net worth insurance
Along with your luxury high value car or cars you will probably have an expensive home, outbuildings, jewellery and other possessions that need to be insured. It is often more cost effective to include all of these items under one insurance policy.

High net worth insurance will often include a multitude of other benefits such as travel insurance, holiday homes cover for property in the UK and abroad, antiques and collections, items stored outdoors and your children’s possessions whilst away at university.

Other benefits include a valuation service, security advice and access to approved repairers for cars, jewellery and antiques.

With so much to discuss and proper valuations to be arranged, you will need to talk to an expert who can find the most suitable cover for all your possessions.

Insurance brokers like CLA have a team of dedicated account managers to guide you through the maze of insured risks to ensure you are always protected.