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6 Fun Facts Expensive Cars With Cheap Insurance | Most Expensive Insurance Companies
- Statistics show that it’s more to do with the type of car. People who purchase sports cars, which are proven to be more likely to be involved in an accident due to their speed and power, tend to opt for a sporty colour like red. This has therefore influenced the data by suggesting red-coloured cars cause more accidents, not the car itself. - Source: Internet
- Luxury cars are generally much more expensive to insure than standard vehicles. This is not only because they have a higher risk of theft but also because they cost more to repair. Replacement parts are often pricier and harder to come by, and certain vehicles require specialist care from highly-trained mechanics. - Source: Internet
- Taking out insurance on a leased car is a simple process and is done in much the same way as an owned car. You will just need to let the insurance broker know which finance company actually owns the car. This could be a good option for people looking to try out a luxury vehicle before committing to a full purchase. - Source: Internet
- When it comes to owning your dream car, the last thing you want to worry about is insurance. Insurance can be expensive. The cost depends on a wide range of factors including make and model, age and value which along with a range of other factors influence the price of your premium. - Source: Internet
- In the UK, generally, the priciest insurance is charged to owners of high-end luxury cars like Ferraris, Rolls Royces, Bentleys, McLarens and Teslas as these have higher initial values, making them expensive to repair and higher performance levels. Typically the cost of insurance of this type of vehicle can be in excess of £10,000. Many people choose to go for an older classic style car as their dream, such as a Porsche which again can be expensive to insure depending on the age and the value. - Source: Internet
- Working out how much it would cost to insure your luxury car, however, is a bit like asking how long a piece of string is. There are many optional extras you can include as part of your policy, which will increase the price. If you are in the market for a luxury vehicle, it’s best to do your research into which cars have the lowest maintenance costs and whether it is a make or model common in the UK. - Source: Internet
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