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Owning a luxury SUV or 4×4 is about embracing comfort and style. Whether you’re driving a Range Rover, a Bentley Bentayga or a Mercedes-Benz G-Class, your vehicle is much more than simply a means of transport – it’s a reflection of your lifestyle and taste. But with a high value vehicle comes some unique insurance challenges.
Here’s what owners should know to keep their prestige vehicles secure and properly covered.
High-value SUVs and 4x4s are different from everyday cars; packed with advanced technology, styled with bespoke interiors and featuring a range of performance enhancements, the purchase price can often be well above six figures.
In turn, this cost and complexity introduces a number of unique risks and requirements:
Of course, theft is a major problem for prestige SUVs and 4x4s which have become prime targets for organised criminal gangs, both domestically and overseas, not only because of their value but also the value of their parts. Theft rates for these vehicles far outstrip those for standard cars with criminals using tactics like the use of electronic devices to intercept signals from keyless entry systems, enabling them to unlock and start your car within seconds. Other tactics include the production of counterfeit keys or hacking central systems to bypass advanced locks.
It is why insurers often require specific theft prevention measures before issuing cover for luxury SUVs, especially in regions where the incidence of theft is high. These include:
To make sure your insurance meets your requirements, follow these top five tips:
Standard insurance brokers often lack expertise in prestige vehicles. Choose a provider with proven experience in luxury car insurance, who will routinely revalue your vehicle and understands the security risks.
Even if not mandatory, additional security systems can cut your insurance premium and give peace of mind.
Maintain proof of all installations, upgrades and repairs; insurers may request details at renewal or after an incident.
If you modify your car, change its usage or even move house, let your insurer know immediately. Delays can affect the validity of your cover.
In the event of theft or damage, expect a seamless claims process: the best insurers respond quickly, offer concierge-style support and minimise stress.
As theft risks continue to rise, investment in robust security and partnering with a specialist broker can help to ensure your vehicle is well protected, wherever your lifestyle may take you. Choose a broker who understands the investment you have made, recognises the need for personal service and helps you find the insurance you and your prestige car deserve.
Wren Sterling and Aon have an agreement to refer clients to each other for services which the other cannot provide, such as high-value vehicle insurance.
If you would like to discuss options for insuring your vehicle, please speak to your Wren Sterling Financial Planner.
Head of Private Clients UK – Aon
