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Luxury Car Insurance – EV, Hybrid or Gas

Across the country, you’ve likely seen more high end luxury cars on the roadway. Manufacturers are building more high priced gas powered/hybrid perforance cars and the race is on for electric powered vehicles.

You’ll be surprised at the performance and features of the new releases this year. Check out the videos below.

With luxury car buyers anticipating upcoming releases of expensive luxury cars including the Porsche Mission e EV, we might also want to review auto insurance for them. Will repairs be more costly? Are they heavier and more stable in snow/ice conditions?



The demand for luxury vehicle insurance (called luxury car insurance) has grown substantially. Porsche, Lamborghini, Ferari, BMW, Audi, Mercedes Benz, Bently, Rolls Royce, and other brands are producing some very interesting new electric luxury cars. That means owners may need review their auto insurance coverage.

Special Insurance for a Special Group of Drivers

Graphic courtesy of carmagazine.co.uk

Not all insurance companies are interested in providing policies for high end, luxury classic collector, or high value automobiles.  Expensive cars however do represent a unique seet of liabilties and unique auto insurance coverage.



Your Porsche, Mercedes Benz, BMW, Maserati, Bentley, Lamborghini, Ferari, Rolls Royce, or Jaguar is not just another vehicle. Insurance specialty coverage gives you the peace of mind that your luxury vehicle is fully covered and that your policy will meet your needs and claims if you’ve involved in an accident. You’ll need to search for that and I have a short list of top luxury auto insurance brokers below.




Electric Luxury Cars are All the Rage

It seems like a new electric luxury model is being released every month. Attention is moving away from Tesla to new group of electric car manufacturers.  Below is Jaguar’s new concept car called the I Pace SUV.

Photo courtesy of Jaguar Canada.

And how about this beauty Luxury EV from Lucid Motors? 240 mile range with 400 HP!

Luxury EV Lucid Motors

Fisker Electric Vehicle – 400 mile range and 161 mph.

Tesla Model S P90D – a 270 mile range for $118,000.

The Tesla Roadster – 600 mile range and founders series pricing at $250,000.

Specializing in High Value Automobiles

Listed below are some of the best high value, luxury car insurance carriers specializing in in luxury cars and high priced vintage and classic cars. These companies understand expensive automobiles and their owners and provide policies more suitable to their needs.

If you’ve read this post on which cars are most expensive to insure, you know that a cars price tag doesn’t always mean more pricey insurance rates. And when you shop around specifically for  car insurance for luxury automobiles, you’ll eventually find those insurers who offer better rates. Even for luxury vehicles, it’s shop and save!




In some states, provinces and jurisdictions there is a trend to limiting auto insurance coverage. In Vancouver BC for instance, the BC government has dropped coverage for luxury cars. They stated that regular car insurance buyers were subsidizing the more costly car’s protection.

It’s left a lot of wealthy Vancouver drivers looking for coverage for their high value automobile, and they’re switching to Alberta for their policies.

The fact is, that many luxury cars don’t get driven much. They are low use, special ocassion vehicles and when usage based telematics devices are used, the luxury car driver can prove the car is being driven safely and infrequently. It’s factors like these that should help avoid the disappearance of luxury car insurance.

The key factors in which luxury car insurance provider to choose comes down to:

  • higher limits of collision coverage
  • the ability to complete repairs using genuine manufacturer’s components
  • access to preferred repair shops
  • avoiding usual ‘comparable’ vehicle replacement policies




Check out the Navigation system on the New Bentley GT

Do You Think the Mercedes GT Roadster is Looking more like a Porsche?

Here’s Forbes look at the best luxury cars arrving in 2018.

How much is auto insurance for the top mid-range priced luxury cars?




Luxury Car Insurance Insurers

Hagerty Insurance Agency, LLC
P.O. Box 1303
Traverse City, MI
49685-1303
www.hagertyagent.com

New Insurance
2855 S 4th Ave Ste 127
Yuma Az 85364
Phone : 928-792-1312
Phone : 949-791-1312
www.newsinsurance.com

Britton Gallagher
One Cleveland Center, 30th Floor
1375 East 9th St.
Cleveland, OH 44114
Local Phone: (216) 658-7100
www.brittongallagher.com

Insurance Suffolk
14 Roosevelt Avenue
Port Jefferson Station, Long Island, NY 11776
www.insurancesuffolk.com

Dempsey & Siders Agency, Inc.
6725 Miami Avenue, Suite 102
Cincinnati, Ohio
45243-3158
www.dempsey-siders.com

Swingle, Collins & Associates
13760 Noel Road, Suite 600
Dallas , TX 75240
(972) 715-8700
www.swinglecollins.com

 

Cheap insurance is often not a priority among luxury car owners who need customized coverage for their Porsche, Mercedes Benz, BMW, Maserati, Bentley, Lamborghini, Ferari, Rolls Royce, or Jaguar. The key is to ensure the value of the car is protected. High end luxury cars are a big investment even for wealthy owners.



Inquiry about luxury car insurance in Los Angeles, Phoenix, Vancouver, Seattle, New York, Miami, Dallas, Houston, San Diego, Toronto, San Francisco Bay Area, and Chicago.

Find the lowest insurance rates in your city: LA auto insurance, Boston auto insurance, Phoenix car insurance, San Francisco car insurance, San Diego boat insurance, Seattle truck insurance, New York car insurance, Indianapolis SUV insurance, Detroit SUV insurance, Indianapolis Car Insurance Quote onlineToronto car insurance quote, or Chicago car insurance.

 

Best Auto Insurance Quote Los Angeles – Compare Lowest Rates in LA

The Lowest Car Insurance Quotes in Los Angeles

Savings of $10,000 for Some Drivers

According to recent auto insurance quote surveys, California and Los Angeles are one of the highest cost zones for car insurance coverage.  And that’s not just luxury car insurance.

The nature of LA itself where population density, road congestion, and time pressures make for higher than average risk of accidents and claims. But when driver’s automatically and blindly succumb to the belief that everyone has to pay higher auto insurance, they’re going to lose their money.




Whatever area of Los Angeles you live in, having some perseverance in your auto insurance search will pay off. It’s not that insurance company quotes are high and intentionally designed cheat you, it’s that you, your family, and friends don’t try to get the best rates.

And if your family and friends aren’t searching, send them to this post on saving on car insurance.  That’s what this post is about, saving mone on auto insurance in Los Angeles County. By searching, you’re making it less likely you’ll get cheated on car insurance quotes.




caranddriverhonda
Photo Courtesy of Caranddrivercom – New Car Reviews

If you do a search for car insurance rates on a comparison site or an Los Angeles broker’s website, you’ll see how the yearly auto policy rates can vary more than $2000!  How long does it take you to earn $2000?

Quest for the Lowest Auto Rate

Google search should always be the starting point of any product or service search.  For auto insurance, homes for sale, finding a realtor, finding a mortgage agent, car loan, or home reno contractors in Los Angeles, Google should be bookmarked.

Through Google and the advertisements on this post, you’ll find a number of insurance companies and brokers. The more you check out, the bigger your savings. Don’t give all your money to the big insurance companies. Vary how you search so you don’t get railroaded by online marketing strategists either.

Believe me, I know how they trick you into obsessing about an unimportant issue or your zip code or something else that distracts you from searching for what you want — low auto insurance rates in Los Angeles.

From most insurance providers in Los Angeles, car insurance is a commodity so why should you pay more than you have to?  Learn more about saving on car insurance here.

Find the lowest insurance rates in your city: LA auto insurance, Boston auto insurance, Phoenix car insurance, San Francisco car insurance, San Diego boat insurance, Seattle truck insurance, New York car insurance, Indianapolis SUV insurance, Detroit SUV insurance, Indianapolis Car Insurance Quote onlineToronto car insurance quote, or Chicago car insurance.

Searching for Car Insurance Quotes

Insurance rate quotes vary by zip code, age, gender, type of vehicle, and driving records of course.  Read my previous post about how vehicle choice affects auto insurance rates.

My Car Insurance Quote

This car insurance quote comparison chart below is a perfect example of the range of premiums and yearly costs.  There’s a big difference.

car insurance quote
Rate Comparison Chart courtesy of Insurance Hotline

Why does it pay to Shop Around for Insurance Coverage?

The status quo hurts. Your current auto insurance company in LA isn’t going to lower your rates or keep you up do date on savings. They make more money by keeping quiet.  As you can see in the above graphic, insurance company rate quotes vary significantly and they’re not going to tell you why. That’s their right. All you can do is shop around for lower car insurance rates in LA specifically, and avoid these nasty realities:

  1. your current insurance provider keeps raising your rates and you’ve done nothing wrong
  2. some auto insurance companies actually use FICO insurance credit scores to raise your premiums even though your credit score has nothing to do with your driving record or risk
  3. uninsured or young drivers living in your home – they feel their presence and possibility of driving your car or truck is a big liability
  4. your type of vehicle may be deemed more risk to them (ISO’s Vehicle Series Rating) because it’s more expensive to repair in your area
  5. your zip code is considered more high risk by many insurers even though you live on the edge of the zip code
  6. they assess the risk of your specific moving violations and total violations differently
  7. some insurance underwriters believe that you’re male so you’re guilty before you put the key in the ignition
  8. your insurance company may not lower your rates even though you’re now 10 to 15 years older and deserve a better rate because of your lower risk and better driving record
  9. you may have forgotten to tell them that your situation has changed, your commute has shortened, and children have left home.

The fastest way to eliminate these car insurance problems is to search for alternate providers because your current provider has no incentive to cut your auto insurance premiums. Chances are high that you’ll just stick with them.




Los Angeles Auto Insurance Agents

Northstate Auto Insurance Services Inc
455 W Florence Ave,
Los Angeles, CA 90003, USA
323-751-9800

Fiesta Auto Insurance Agency
Address: 611 E Imperial Hwy #102,
Los Angeles, CA 90059, United States
323-776-1096

Cost-U-Less Insurance Center
4301 South Figueroa Street,
Los Angeles, CA 90037, United States
323-345-6347

Shop around for the cheapest car insurance rates online.  Rates vary in Los Angeles, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Miami, Orlando, Toronto, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Thousand Oaks, Simi Valley, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita, Temecula, Kirkland, Redmond, Kansas City, St Louis, Stockton, Scottsdale, Palm Springs, Indianapolis, Chula Vista, Escondido, or Santa Monica.




Car Insurance in Los Angeles County California

Serving the communities of Anaheim, Beverly Hills, Malibu, San Bernardino, Riverside, Long Beach, Santa Ana, Lakewood, Glendale, Simi Valley, Torra, Chino, El Monte, Huntington Beach, Fullerton, Pasadena, Torrance, Irvince, Thousand Oaks, Pomon, Ontario, Downey, Yorba Linda, Lakewood, and Downtown LA.

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Usage Based Auto Insurance – Should You Use Telematics?

Drivers Save Thousands with Usage-based Auto Insurance

There’s no stopping the relentless rise of auto insurance costs. And for some drivers it is very costly. Consider younger drivers who might pay from $2500 to $5500 for annual coverage, or those with multiple speeding tickets and moving infractions.

They have trouble finding car insurance let alone cheap coverage from an insurance company and typically, their rates rise up 100% to 300% more than we pay. They move downtown without a vehicle or live “insurance” poor lifestyles as a result of their circumstance.

Photo Courtesy of Linkedin

You may be in this situation or know some young drivers who can’t drive because of the cost of car insurance. There’s something you need to tell them about. It’s called usage based auto insurance.  UBI lets drivers pay coverage on the driving they actually do and how they do it using a telmatics device.

If you want a lower rate, consider a UBI based insurance policy.





With the telematics devices installed, drivers typically are more conscious of how they accelerate and brake and the types of speeds they travel. UBI turns out to be beneficial for everyone  – it lowers insurance costs. We know drivers drive much too fast, change lanes dangerously, and slam brakes on, and this is precisely where accidents happen.

It doesn’t matter whether you’re driving a classic luxury car, truck, motorcycle, or new electric car, insurance rates will rise. The only recourse you have is usage-based insurance and shopping around for a better quote. When self-driving cars hit the road, auto insurance rates for human drivers will explode.  Get the jump on this and explore usage based auto coverage.




Auto Insurance Los Angeles | Truck Insurance Denver | Car Insurance San Diego | Car Insurance New York | Vehicle Insurance Quote Boston | Auto Insurance Bay Area | Auto Insurance Miami | Car Insurance Toronto

The Usage based telematics devices help to discourage dangerous driving habits. For young drivers, it’s a godsend because it may prevent them from developing bad driving habits, and helps avoid that first accident.

It’s true, car drivers from Los Angeles to Toronto to Miami to New York are eyeing a new trend in automobile insurance coverage. It’s called usage-based auto insurance.




The global insurance telematics market size is forecasted to grow from US$857 million in 2015 to US$2.2 billion in 2020. That is a $1.3 Billion growth in 5 years. This is a major trend in the auto insurance industry, comparing equally to the enormous trend buying insurance online.

UBI telematics is all about monitoring driving, collecting data, and tying car insurance premiums according to how, where, and how much the driver drives.  It’s being adopted at a faster rate in Europe, however adoption the US and Canada has been a little more subdued. How much can you save with UBI? Some reports have it at about 12%. If your insurer doesn’t offer usage based insurance, consider switching insurance providers. And if you drive a luxury model car, telematics is perfect for certifying your safe driving and limited mileage.




What are Usage-based Car Insurance Policies?

cmtelematics
Photo Courtesy of CMTelematics

The term usage-based auto insurance describes the use of GPS or cellular activated electronic tracking device to monitor the insured driver’s speed, braking and acceleration habits, along with distance and time driven. The policy is normally one where you may be offered good rates in future (a discount) if your driving habits meet the company’s safe driving guidelines. The device may be one affixed to your automobile or could use a plug-in device on your own smartphone. The trend is to use your smartphone’s own software and hardware sensors.

CMtelematics of Cambridge Massachusetts is a leader in telematics technology and they’re leading the charge into smartphone telematics devices. Their claim: “Personalized scores, continuous feedback, and incentives result in better driving behavior. Customers report 34% fewer crashes and 20% less-severe claims.” Their DriveWell technology uses machine learning and statistics to accurately infer key metrics about vehicle mileage, road types, speed, acceleration patterns, phone distraction, and collisions).

What Telematics or UBI devices measure:

  • Braking habits
  • Acceleration and cornering behavior
  • the distance the car travels
  • the time of day the vehicle is driven
  • where the vehicle is driven

UBI insurers are a little vague about how it actually judges driving behavior and by not divulging this, drivers aren’t sure if the UBI system is accurate.  Is UBI simply a strategy to glean more profits from consumers? If drivers are refusing to adopt UBI telematics, it probably indicates distrust.

Some drivers themselves consider UBI telematics a key to encouraging better driving behavior.  And some data now is suggesting that drivers actually do drive more carefully after installing the devices. Researchers aren’t quite certain whether this improving driving behavior is due to a desire to lower their rates, or because it’s a cue to behave more responsibly. Whichever way is true, the use of these tracking devices is a big turning point for the industry  The “Big Data” people are really onboard with this since all of this driving data could be collected and used for commercial, profit-generating purposes. You’d think the insurance firms would be willing to lower your rates even further to gain better access to the data, and to lower accident claims.

UBI Infographics – Driver Attitudes

Surveys are showing a gradual interest in UBI policies if they get a discount. It’s not a reach to say aggressive drivers have no interest in having their driving behavior assessed and a price attached. The aggressive driving factor is the issue that covers gender, age, and even usage matters.

UBI-survey

lexisnexisubi

Who Will Pay for the Insurance Industry?

Like Alcohol and tobacco pay a lot of government bills, bad drivers may actually be where the profit margins are for big insurers. The one lost fact here is that in our society, bad behavior is taxed and punished financially and it’s a big boom to profits when insurance companies such as Progressive, Geico, Allstate, Mercury, Liberty Mutual, etc. have an excuse to raise rates. Bad drivers are actually a profitable group and it’s acceptable to charge them to the hilt (even male drivers who have never had an accident).

With self-driving electric cars on the horizon, the insurance industry is preparing for a substantial drop in revenue. Whether UBI is the way they want to go is questionable. The final thought is that UBI can help drivers save a little on their insurance. As I pointed in my car insurance quote comparison, bigger savings are accrued from shopping online.

Automobile drivers have direct access to hundreds of insurance companies. Are you reaching out to hear them?

Check out insurance for cars and trucks in your city:

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One way to get the lowest car insurance rates is to use a telematics device. If your driving behavior is erratic and aggressive, the insurer may not offer you lower rates so bad drivers may not benefit at all.  However, for responsible drivers, Usage Based Insurance coverage is an option that could reduce your rates even further. If you’re older and not seeing lower rates, the UBI option proves your better driving habits and perhaps that you’re not on the road as much as a younger driver.  With data at hand, it will be tough for the insurance companies to actively discriminate against certain groups of consumers.

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