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Luxury Auto Insurance

Higher coverage for your high-value vehicle.

If you have invested in a more expensive vehicle, a standard car insurance policy may not be enough. If your car is a known luxury brand, a high-performance model or is valued over $100,000, luxury auto insurance might be the best option to ensure your high-value purchase is fully covered.

Your guide to luxury auto insurance.

Luxury auto insurance is specifically designed to accommodate high-end automobiles. You’ll have access to a dedicated luxury auto insurance broker who will work with you to secure comprehensive coverage and provide peace of mind in knowing your unique car has the coverage it deserves.

Our luxury auto insurance coverage can include:

  • Higher limits for coverage
  • Agreed value coverage
  • Access to preferred repair facilities or client’s choice
  • Repairs done with original manufacturer’s parts
  • Waiver of Depreciation

Coverage across Canada.

Get luxury auto insurance by phone or in person at your nearest location.

Common coverage types for not-so-common vehicles.

For drivers across Canada, auto insurance is one of the most important personal insurance coverages you need. This is even more needed for luxury vehicle owners.

Third-Party Liability

As a mandatory coverage in all provinces and territories, this type of insurance covers bodily injury to third parties. It can also cover legal expenses, including defence costs, judgment awards and settlements, in the event you are sued.

Accident Benefits

This provides compensation if you, your passengers, or pedestrians are injured in an automobile accident. It includes medical and death benefits, as well as income replacement benefits.

Direct Compensation for Property Damage

This helps cover repair or replacement costs if your vehicle is damaged in a collision caused by another driver. If you are partially at fault, your coverage will only be partial, and you would use your collision coverage for the remaining portion.

Collision

This offers coverage for the costs to repair or replace your vehicle in the event you are at fault or partially at fault for an accident.

Comprehensive

This provides financial compensation for incidents that are not caused by you or another driver. Covered scenarios could include theft, vandalism, fire, weather damage or falling objects.

Loss of Use

This coverage offers funds to help you get around while your vehicle is being repaired, in the event of a covered claim. It typically includes costs for public transit, taxis or rental cars.

Replacement Cost

As a loss settlement option, this covers the replacement of your vehicle without subtracting depreciation. It is only available for cars within a certain age.

Signature by Acera Insurance.

When you need more than your average insurance coverage for high-value assets, we can help. Learn more about our specialized coverage solutions.

Why choose Acera Insurance for luxury car insurance?

Extraordinary Customer Service

Our brokers provide you with exceptional customer service and specialty coverage options designed to preserve the value and your enjoyment of your luxury vehicle.

Leading Canadian Brokerage

We are the largest independent and employee-controlled brokerage in Canada, which means we work for you, not for an insurance company.

Unparalleled Market Access

We have access to a substantial number of markets that allow us to deliver you truly competitive luxury auto insurance quotes.

Helpful tips from our advisors.

When your vehicle requires more than average insurance coverage, you should consider luxury auto insurance with us.

“Make sure that you understand how your vehicle is being valued in the event of a loss! If it’s an Agreed Value rather than Actual Cash Value or Replacement cost, be diligent in verifying that you have valued your vehicle for the appropriate amount reflective of the current industry trends.”

– Kyle Kirkpatrick, Client Executive | Ottawa, ON

“Elite Insurance markets offer tailored protection such as Valued Endorsement and Limited Waiver of Depreciation to safeguard your high-end vehicles and provide peace of mind. Contact your Acera broker to explore customizing a policy that covers all your insurance needs.”

– Tracey Hunt, Client Executive | Calgary, Alberta

Answering your most common questions.

What vehicle makes are considered luxury automobiles?

Generally, the following vehicle makes are considered luxury brands:

  • Alfa Romeo
  • Aston Martin
  •  Audi
  • Bentley
  • BMW
  • Bugatti
  • Ferrari
  • Jaguar
  • Lamborghini
  • Land Rover
  • Lexus
  • Maserati
  • Maybach
  • Mercedes-Benz
  • Porsche
  • Rolls Royce

If your vehicle make isn’t listed on the above list and you think it would be considered a luxury automobile, don’t worry. Simply call one of our Signature specialists and we can advise you on whether you are eligible for luxury auto insurance.

Is it more expensive to insure a luxury car?

Auto insurance can be complicated. Different drivers for the same car or the same driver for different vehicles can have drastically different rates. Overall, luxury auto insurance tends to be more expensive than regular car insurance. This is largely because a collectible or luxury vehicle isn’t like a regular car. It is generally more costly to work on the repairs of a luxury vehicle since they often require specific or original parts and more specialized mechanical skills. Theft is often more of a risk with luxury vehicles, and it is more expensive to replace these types of vehicles when they are stolen.

How do I save money on my luxury auto insurance?

Our luxury car insurance brokers can help you understand your insurance rates as well as ways to lower your premiums. Here are a few ways our Signature by Acera brokers recommend saving on your luxury auto premiums:

  • Bundling your insurance
  • Claims-free discounts
  • Multi-vehicle discounts
  • Pay the year in full
  • Allow for a credit rating check
  • Complete driver’s training
  • Maintain a good driving record
  • Choose a higher deductible
  • Install anti-theft features
  • Annually review your usage with a broker
If my luxury car requires repairs, can I choose my own repair shop?

Yes. With a luxury auto insurance policy, our brokers will make sure you have the option of choosing your own repair facility or access to premium repair shops that are well-equipped to handle your collectible or luxury vehicle. We will also ensure that original equipment manufacturer (OEM) parts are an option if repairs are required.

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Still have questions?

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