It is a common belief that the more luxurious the car the higher the insurance premiums. However, it is possible to take a multi-pronged approach to make insurance premiums on luxury cars more affordable.

These methods include choosing the insurance company that offers customer-centric products.

Luxury cars are graceful, elegant and stylish and attract envious glances from onlookers. The thrill of driving a luxury car is almost unparalleled. All these factors drive car owners to constantly upgrade their cars and each upgrade costs more than the previous model. The costs of car insurance also go up each time and the car insurance premiums for luxury cars are normally far higher.

While it is fairly reasonable to pay extra premiums for luxury cars as insurance companies also need to pay out more for repairs, there are car insurance companies such as acceptanceinsurance.com who are more customer-centric and allow customers to tailor insurance products according to their needs thereby reducing premiums even for luxury cars.

These kinds of car insurance companies look at the history of driving to arrive at the premium amount. Hence, for drivers who hold a good driving track record without collecting tickets or making insurance claims, the premiums get reduced considerably.

Adding teenagers to the insurance policy increases the premium as most insurances perceive teenagers with added risk based on statistical data. So car insurance policies without teenagers cost less.

Car insurance companies treat drivers and owners who are part of any exclusive luxury car club with more respect and normally offer discounts on premiums. This is because being part of the club sends a message that the owner is caring towards the luxury car and is keen on looking after it well thereby, perhaps, giving a perception of potentially less claims.

Keeping the mileage low on luxury cars also can help in the reduction of insurance premiums since there is an option of pay-as-you-go insurance policies. Moreover, keeping mileages under check sends a positive signal to the insurance company as these drivers are perceived with lesser risk thereby causing reduction in premiums.

Additionally, choosing a combination of insurances such as collision and comprehensive coverage is a better option as these combinations cover more risks at lower costs. Gap insurance for a financed car also is a great option as in the case of an accident, the car insurance company will take care of the market value of the vehicle in addition to covering replacement financing and repair costs.