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5 Factors to Consider When Insuring a New Car

🚗 Factor 4. Don’t let semi-autonomous features give you a false sense of security 🚗

Many cars now have advanced driver assistance systems such as lane change assist. But some drivers are becoming over-reliant on these systems, which is resulting in more accidents.

“Even a minor accident to the front or bumper bar of a prestige car can now mean a claim of upwards of $15,000,” warns Quick.

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5 Factors to Consider When Insuring a New Car

🚗 Factor 3 - Repairs Take Longer to Complete 🚗

A more complex repair process that can come with smart cars means it takes longer to fix cars, so factor that in when you’re buying your next car.

Where once your car may be out of action for a week or two, it’s now likely to be in the shop for up to a month, especially if you buy a car with all the bells and whistles.

5 Factors to Consider When Insuring a New Car

🚗 Factor 2 - The Cost of Repairs is More Expensive and This Impacts Premiums 🚗

Newer cars are more complex than older cars, which makes the repair process more intricate, which adds to the cost. This is reflected in more expensive premiums. Factor that in when you’re out shopping for a new car. While more basic models are likely to have fewer features and be easier and less costly to repair, luxury vehicles and those with more add-ones will be more expensive.

“It used to cost about $400 to repair the windscreen of an entry level model. But it can now cost up to $2,000 or more to repair a broken windscreen given their ADAS sensors have to be reprogrammed after an accident,” says Chris Quick, motor underwriting manager of specialist prestige vehicle underwriting agency Dawes.

“Ideally, the vehicle also needs to go back to the dealership that sold the vehicle or a specialist repairer to do the repair,” he adds.

To learn more about Motor Vehicle Insurance get in contact with our trusted team today.

5 Factors to Consider When Insuring a New Car

🚗Factor 1 - You May Need a Specialist Repairer 🚗
You may be used to taking your car to the local insurer-approved mechanic come claim time. But the repair process can be quite different for newer vehicles given their specialist parts. It’s entirely possible the car may need to be repaired by more than one repairer, for instance a mechanic and a specialist car electrician.

To learn more about Motor Vehicle Insurance get in contact with our trusted team today.

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Happy long weekend from the team at Dunbar Insurance 🎉 We hope everyone enjoys the break and we look forward to getting back to business with you on the Tuesday 😊