Luxury Car Insurance
Insuring luxury autos, exotic sports cars & collector autos
What is Luxury Car Insurance?
Luxury Car Insurance is a specialized policy designed to provide more comprehensive coverage for vehicles with higher values, advanced technology, and specialized features. These cars often come with expensive components, advanced safety systems, custom parts, and higher repair costs that standard auto insurance may not adequately cover. Luxury Car Insurance not only covers the car itself but also takes into account its performance, high-tech features, and unique design.
Why You Need Luxury Car Insurance
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Higher Value: Luxury cars, including brands like Ferrari, Lamborghini, Rolls-Royce, and Bentley, are typically worth much more than standard vehicles. As a result, repairing or replacing them in the event of an accident or theft can be significantly more expensive.
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Expensive Repairs: Luxury cars often require specialized parts and labor. For example, a luxury car’s engine, bodywork, or infotainment system might require repair at certified dealerships or by specialized mechanics, both of which can drive up repair costs. In many cases, luxury cars also use advanced materials that can be costly to replace.
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Custom Features: Luxury vehicles often include custom features like leather upholstery, special paint jobs, and unique interior designs. These features are expensive to replace, and you need insurance that covers them specifically.
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Enhanced Safety Features: Many luxury vehicles come equipped with cutting-edge safety technology, such as advanced collision avoidance systems, radar sensors, and other high-tech safety tools. Luxury auto insurance can ensure that these complex systems are covered.
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Higher Risk of Theft: Due to their high value, luxury vehicles are more likely to be targeted by thieves. Standard auto insurance may not offer sufficient protection against theft, while luxury auto insurance will provide better coverage for loss or theft.
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Specialized Coverage Options: Luxury car owners may want additional coverage options, such as protection for customized features, replacement costs, and guaranteed asset protection (GAP) insurance, which ensures that the car is covered in case of a total loss. Luxury insurance policies often offer flexibility in these areas.
Key Features of Luxury Car Insurance
Luxury auto insurance is distinct in several key areas. Here are the features that set it apart from regular auto insurance:
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Agreed Value Coverage: Unlike standard auto insurance, which typically uses the actual cash value (ACV) to calculate a car’s worth (including depreciation), luxury auto insurance may offer an agreed value policy. This means the insurer and the policyholder agree on a set value for the vehicle at the outset, ensuring that in the event of a total loss, the owner gets that agreed amount without deductions for depreciation.
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Replacement Cost Coverage: If your luxury car is damaged beyond repair or stolen, luxury auto insurance policies often cover the cost of replacing it with a new vehicle of the same make and model, or a comparable one, without depreciation.
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High-Limit Liability Coverage: Luxury cars often come with high-performance engines and a potential for causing more significant damage in the event of an accident. Luxury auto insurance provides higher liability coverage limits to protect against potential legal costs and third-party damages.
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Comprehensive and Collision Coverage: Like any standard policy, luxury auto insurance will include both comprehensive and collision coverage, but these are more tailored to cover expensive repair and replacement costs specific to luxury vehicles.
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Custom Parts and Equipment Coverage: For luxury cars that have customized parts, like unique wheels, upgraded interiors, or performance modifications, luxury auto insurance provides additional protection. This ensures that customizations are fully covered in the event of an accident or damage.
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Roadside Assistance and Concierge Services: Many luxury auto insurance policies come with perks like 24/7 roadside assistance, concierge services for travel, and access to premium rental vehicles while your car is being repaired.
Factors That Affect Luxury Auto Insurance Costs
Several factors influence the cost of luxury auto insurance. Understanding these can help you make informed decisions and potentially reduce your premiums:
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Make and Model of the Car: The value of the car, its repair cost, and its overall rarity play a significant role in insurance pricing. Exotic or limited-edition cars tend to come with higher premiums due to the cost of parts and repair labor.
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Driver’s Age and Experience: Younger, less experienced drivers tend to pay higher premiums, as they are statistically more likely to be involved in accidents. Additionally, your driving history, including the number of claims or violations, will impact your rates.
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Location: Where you live affects your insurance costs. Areas with higher rates of accidents, theft, or vandalism will increase the price of luxury auto insurance. Similarly, areas with harsh weather conditions or difficult terrain may increase your premiums due to a higher risk of damage.
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Mileage and Usage: The number of miles you drive annually and how you use your car (e.g., for personal, business, or leisure purposes) also impact your premiums. Cars used for more regular or long-distance driving tend to have higher insurance costs.
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Security Features: Cars equipped with advanced security features, like anti-theft systems, tracking devices, and surveillance cameras, may qualify for discounts on luxury auto insurance. Insurers recognize that these features reduce the risk of theft and damage.
Luxury Home Insurance
Shopping for Luxury Home Insurance ? The Private Client Group at Greene Insurance insures luxury homes throughout the United States. If you own a luxury or high-value home, you can count on the Insurance Professionals at Greene Insurance Group.

Private Client Insurance Agent – Greene Insurance Group
High-Value Luxury Home Insurance – Do you own a home valued over $1.5 million dollars? Very few insurance companies insure high-value luxury homes. Our Private Client Group insures multi-million dollar homes throughout the United States.
Luxury Car Insurance – The Private Client Group at Greene Insurance insure Luxury Automobiles, Exotic Sports Cars and Rare Collector Automobiles.
Personal Umbrella Insurance – As a High-Net Worth Individual, Family or Estate, Personal Umbrella Insurance is essential to protecting your assets. Our Private-Client Group offers excess liability insurance, also known as personal umbrella insurance in up to and over fifty-million dollars.
Scheduled Personal Property – Insure jewelry, fine arts, collectibles, and other valuables on a scheduled personal articles policy.
Yacht or Watercraft Insurance – We can insure yachts and watercraft.
Aviation Insurance – Do you own an aircraft? Our Private Client Group can insure your single engine or twin engine airplane or jet aircraft.
The Private Client Group at Greene Insurance Group
Since 1962, our family has been protecting families and businesses through personal insurance and business insurance products.
As a Private Client Insurance Agent, the insurance professionals at Greene Insurance Group works with high-net-worth individuals, families or estates to provide personalized insurance solutions. Our Insurance Advisors focus on creating customized insurance plans that meet the unique needs of their clients, often offering comprehensive coverage that goes beyond standard policies.
Some key aspects of a private client insurance agent’s role include:
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Tailored Coverage: They assess their clients’ specific needs—such as valuable assets, real estate, luxury items (art, jewelry, cars, etc.)—and create special private-client insurance packages to protect these high-value possessions.
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Risk Management: Our Private Client Insurance Agents help our clients understand potential risks they may face, from property damage to liability issues, and advise them on the best ways to mitigate those risks.
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Personalized Service: As a Private Client Insurance Agent, our team offers a higher level of service, providing continuous support and frequent policy reviews to ensure coverage evolves with the client’s lifestyle changes, such as moving to a new property or acquiring new assets.
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Exclusive Insurance Products: As a Private Client Insurance Agency, Greene Insurance Group has access to specialized insurance products not typically available to the general public, like coverage for rare art collections or luxury cars, and kidnap and ransom protection which require unique underwriting processes.
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High-Level Expertise: The Private Client Group at Greene Insurance Group have the experience and a better understanding of the complex needs of affluent clients and are equipped to handle more intricate insurance scenarios.
- We respect your privacy: We insure high-net worth and celebrity clients. You can be assured we work to protect your privacy and information.
In summary, The Private Client Insurance Group at Greene Insurance acts as a trusted advisor, providing peace of mind to high-net-worth individuals by helping them safeguard their assets with tailored insurance solutions.
We provide best in class service to our clients
At Greene Insurance, We promise personalized and professional service. We work in a professional office settings, not remotely or from an overseas call center.
We answer our phones, return your messages and emails. The Private Client Group at Greene Insurance is here to serve you!