When you buy a luxury, antique or exotic automobile, you’ll need insurance beyond what you can get from a standard auto insurance policy. These types of vehicles typically cost more to make, more to repair, more to replace, and, often times less to insure.
What counts as a luxury or exotic automobile?
On the luxury side, the label applies to brands like Mercedes, BMW, Acura, Lexus, Infiniti, Jaguar, Bentley and Rolls-Royce. On the exotic side, it’s generally six-figure, high-performance brands like Ferrari, Porsche, Lamborghini, McLaren, Aston Martin and Maserati. The “exotic” label also applies to certain rare, antique, and custom vehicles.
Insurance Coverage Options
Luxury, Exotic and Antique auto insurance features a similar range of basic coverage as standard auto insurance. There are, however, additional benefits that include and agreed upon value for your car and no deductible for physical damage to the vehicle.
Comprehensive Coverage protects against damage from theft, natural disasters and vandalism. In the event that you owe more on your vehicle than it costs to replace it, having a policy that includes “agreed value” coverage helps cover the balance. And, if your brand new vehicle (less than 1 year and 15,000 miles) is totaled, Agreed Value Coverage will provide you with funds for a new vehicle from the same year.
AGA: Luxury and Exotic Auto Insurance Specialists
Amaden Gay Agencies offers a full range of automobile insurance options for your personal vehicles. Our agents will consult with you one-on-one to determine the best insurance solution for your unique needs.
For more than 100 years, Amaden Gay Agencies has provided innovative luxury automobile insurance solutions and unparalleled service to high-net-worth clients in the Hamptons and beyond. Our private clients always receive the highest level of discrete attention and personalized service.