One of the best things you can do to reduce the cost of your insurance is to increase the safety features to avoid theft. This includes covering your vehicle when its not in use and keeping it locked in a garage overnight. If you can make your insurer aware of this, they realize that there is a lower risk of theft so your premium will reduce. Extra things you can do include hiding the keys in your house or putting the soft top up when it is parked to avoid someone jumping in and trying to steal it.
A clever thing you can do is to renew your insurance each year. If you have passed a year without accidents or theft, you can try renegotiating your insurance policy or get a new policy with a different provider. You may be able to get a lower price and additional add-ons like nectar points or cashback.
Your insurance premium is also based on your mileage as the more miles you drive, the more likely you are going to make a claim. So if you only use your Lamborghini on weekends or for shows, you can tell your insurer this who will probably reduce your cost. If you only drive your Lamborghini on occasion but don’t want to be overcharged, you can track your mileage carefully or get a telematics box installed to prove that you do fewer miles than your policy allows.
If you have been driving for a number of years without making a claim, you can take advantage of a no claims discounts (NCD). This means that year upon year, you are able to receive a greater discount on your insurance which can increase to up to 75%. To ensure you get this discount, you can decide to pay for minor scratches or dings out of your pocket to protect your no claims bonus.
If you own a classic Lamborghini, you can investigate getting classic car insurance. Insurers appreciate that a classic vehicle can be a work of art and because you may look after it better and drive it less than a standard car, the premium may be significantly lower. Be sure to get ‘agreed value cover’ where you agree the value of the car beforehand so the insurer will cover the full amount of any replacements and repairs – not just what the car may be worth on the street.
If you are looking for high performance car insurance quotes for your Lamborghini, Call Wiser work with over 30 specialist car insurers in the UK who can help find the best policy for you. Using a comparison site or independent broker allows you to get a number of competitive quotes in one place – so its certainly one of the best ways to get cheaper insurance. All new policies include free breakdown cover with the RAC, free mobile phone and gadgets cover too.