Owning a high-value car usually means one thing: excessively high insurance premiums. That’s because many standard insurance providers hike up their costs based on the supposedly greater risk associated with high-value, prestige cars.
At Keith Michaels, we take a unique approach to high-value car insurance by removing all the stress. We’ll find you the best value cover for your needs at a price you can afford.
With more than 30 years’ experience, we know precisely how much you cherish your prized possession. We understand that owners of prestigious brands like Ferrari, Lamborghini, Rolls-Royce and Bentley take extreme care of their vehicles, and for good reason. We promise to reward, not punish, high-value vehicle owners with comprehensive protection at an affordable price. Whether you drive a performance, prestige or luxury vehicle, our high-value car insurance policies are designed with you in mind.
We promise to reward, not punish, high-value vehicle owners with comprehensive protection at an affordable price. Whether you drive a performance, prestige or luxury vehicle, our high-value car insurance policies are designed with you in mind.
The Keith Michaels Difference
- 30 years’ experience
- Every customer is treated as an individual, not a policy number
- We are a UK-based office, not a call centre
- We are completely independent from any insurance company
- All policies are looked at on their own merits to find you the best policy available
Examples of insurers we work with
Why Choose Keith Michaels for Modified Car Insurance?
Personal Account Handlers
Christian Wheatley
Specialist Risks Underwriting Manager
0208 329 1155
Jeremy Pocock
Specialist Broker
0208 329 1157
Specialist Policies
Our high net worth motor insurance policies are specifically designed for owners of performance, prestige and luxury cars.
Our high-value car insurance policies are designed for drivers aged 25 years and above.
Discounts and Benefits
You may get a cheaper policy for:
- Limited mileage
- Enhanced vehicle security
- Secure parking
- Additional cars
- Owners’ club membership
Enhanced Protection
- Additional benefits include:
- Priority claims management
- Premium courtesy car
- Excellent customer care
- 30+ years’ experience in high-value car insurance
What Counts as a High-Value Car?
High-value cars are motor vehicles that require specialist protection due to their worth and advanced engineering. This includes:
- Supercars and hypercars: Fuel, electric and hybrid models from renowned manufacturers such as Aston Martin, Bugatti, Ferrari, Lamborghini, Lotus, McLaren and Porsche.
- Coveted vehicles: Desirable cars, including performance, luxury and classic models such as Rolls-Royce, Bentley and Mercedes that are at increased risk of theft due to their prestige and high value.
- Modified vehicles: You may have made modifications to your high-value vehicle such as bodywork changes, performance modifications, or engine upgrades. We’ll find a policy for that too.
Because of their performance, design and unique features, high-value car insurance premiums can be more expensive than standard car insurance policies.
Luxury cars are often targeted by organised gangs who steal them to order, ship them abroad or strip them for parts. To protect against this, high-value car insurance usually includes unlimited cover, unlike most standard policies.
High net worth motor insurance is also designed for premium vehicles that come with expensive repair or replacement costs, have high-performance capabilities, are either rare or unique, and feature advanced technology.
While some brokers charge more for high-value car insurance, our team of experts will find you the most comprehensive and affordable policy tailored to your specific needs.
What Does High-Value Car Insurance Cover?
We understand how every driver has different needs when it comes to high-value car insurance.
That’s why our policies cover your individual circumstances, giving you trouble-free driving and peace of mind.
High-value car insurance can include:
Fully comprehensive cover for all named drivers
You’re covered to drive any car, even those not owned by you. Plus, anyone over the age of 30 can drive your vehicles fully comprehensively with your permission.
Premium courtesy car
If your car is stolen or damaged in an accident, we’ll provide a courtesy car with a similar specification to your own while yours is being repaired.
Guaranteed value
If your vehicle is written off, we’ll pay you up to an agreed value or replace it with a brand- new car in some circumstances.
European cover
Enjoy up to 90 days of European cover as standard with our high-value car insurance. If you’re embarking on a longer foreign trip, you also have the option to extend beyond 90 days.
Choice of repairer
You’re covered to drive any car, even those not owned by you. Plus, anyone over the age of 30 can drive your vehicles fully comprehensively with your permission.
Multi-vehicle option
Insure all your vehicles, including sports cars, prestige, classics, and motorcycles under a single policy.
Breakdown cover
Full UK and European breakdown cover, including home start if your car breaks down or won’t start at home.
Windscreen cover
Our policies cover the cost of repairs or replacement if your windscreen is chipped, cracked, or shattered.
Audio, lock and number plate cover
For added peace of mind, you’ll benefit from cover for personal plates, lock replacement, and your audio system. You’re also protected if illness or licence loss prevents you from driving.
Agreed value cover
You can set an agreed value for your vehicle. While typically used for classic cars and motorcycles, other high-value vehicles also qualify.
Get in Touch for your High-Value Car Insurance Quote Today
or call us on 0208 329 1150
Why Choose Our High-Value Car Insurance?
As specialist high-value car insurance brokers, we’ve insured all types of vehicles, from high-performance and prestige, to classics and modified.
With more than 30 years of experience, we understand the unique challenges of finding the right cover at the right price. From Aston Martin and Ferrari, to McLaren and Rolls-Royce, we’ll arrange a tailored policy so you can drive with confidence and security.
We take a personalised approach, discuss your high-value vehicle and how you use it to ensure you receive the full protection you need to cover you and your prized possession.
Should you need to make a claim, our knowledgeable team will be there to guide you through the process so that you receive a smooth experience and the best possible customer care.
or call us on 0208 329 1150
High-Value Car Insurance FAQs
Check out our list of the most frequently asked questions about high-value car insurance.
How can I lower the cost of high-value car insurance?
There are several things you can do to keep your premiums lower, including:
- Keep your vehicle in a locked garage.
- Ensure your car is fitted with the correct safety and security features.
- Limit your mileage.
- Take a British School of Motoring advanced driving course to enhance your driving skills and safety.
- If you’d like tailored advice on lowering your premium, our team will be happy to help.
Why do high-value, performance and luxury cars require specialist insurance?
In the UK, car insurance is a legal requirement for all motor vehicles that use public roads.
However, not all cars are equal in value or cost the same to insure, and high-performance and prestige vehicles come with higher insurance premiums for several reasons:
- Higher speeds: High-performance cars are seen as a greater risk for serious accidents.
- Theft or vandalism: These vehicles can attract unwanted attention as status symbols.
- Expensive parts: Repairs may require specialist, high-cost components, raising the insurer’s risk.
How does high-value car insurance work?
High-value car insurance is designed for vehicles with higher value and repair and replacement costs.
These types of vehicles fall into one of 50 car insurance groups that define policy costs based on factors like engine size, speed, safety features, and repair expenses.
While high-value cats typically cost more to insure, premiums also depend on your age, driving history, location, mileage and more
What should I consider when buying a high-value car insurance policy?
If you’re the proud owner of a high-value vehicle, it’s worth considering a few key questions when sourcing the best policy for your needs. For example:
- Can you choose your own specialist repair garage, or must you use one approved by the insurer?
- Does the policy include mileage limits or restrictions on driving your vehicle abroad?
- Will you get a similar replacement vehicle if yours is off the road for repairs?
- Do you have secure storage for the car, both in the day and overnight?
- Does the policy cover you for track days you are planning to attend?
