Owning a Lamborghini is an amazing experience and a dream come true for anyone who loves sports cars. But being a Lamborghini owner also involves some responsibilities regarding the repair, the maintenance and the insurance of an expensive car if you want to keep it in a great shape for a long time.
When it comes to Lamborghini car insurance you should know that its cost depends on the place where you store the car, on your driving record, the repair costs and on how often you drive it. But those aren’t the only factors. There is also the likelihood of accidents and theft along with the country of residence and the type of insurance chosen by the buyer. For example, a Lamborghini Gallardo owner located in the USA can pay around $5,000 per year for comprehensive car insurance while a person in Europe pays around €4,000 per year. But there are also European buyers who spend even $20,000 per year on Lamborghini car insurance. The only way you can get an accurate idea of the price point is by getting a quote which will take into consideration all your particular characteristics.
Another factor that will influence the cost of your Lamborghini car insurance is the version and the manufacture year of your sports car. For example, models such as the Diablo, the Countach, the Gallardo or the Murcielago which are considered exotic cars require expensive car insurance because they all are high performance models, possibly with expensive features. For other models such as the Espada, the Urraco, the Islera or the Silhouette the price is lower.
Many drivers would rather buy comprehensive Lamborghini car insurance to make sure their car will be completely covered no matter the type of accident. The easiest way to lower the insurance price is by keeping the car in a garage. That’s because by safe keeping it you minimize the risk of having it stolen and the risk of dents and scratches. Another way to lower your Lamborghini car insurance is by limiting the number of the miles you plan on driving each year. If you are happy with driving around 1,000 miles per year, the Lamborghini car insurance will cost you less than if you plan on driving at least 6,000 miles per year. That’s because car insurance companies consider that more miles driven increase proportionally the risk of being involved in a serious car accident.
For those interested in buying Lamborghini car insurance it’s also important to know that if they own a classic or an antique Lamborghini model, they can obtain a discount on their car insurance. The maximum speed achieved by your Lamborghini model will also influences the cost of your car insurance. Once again, statistics have proven that the likelihood of a car accident increases significantly at high speeds. As a result, the Lamborghini car insurance will increase with a few hundred dollars.
Other important factors which will influence the cost of your Lamborghini car insurance are the costs involved by part replacements (the insurer can add $500 or more to the policy for this coverage), the age of the driver and his experience (younger drivers are more likely to be involved in accidents).
Usually, the insurance you pay for a Murcielago will cost you much more than that for a Gallardo, but in most of the cases the driver will have to pay around $15,000 or more per year. But in the end a few dollars more or less for your Lamborghini’s car insurance are negligible if you remember the purchase price of your shiny Lamborghini.