# Luxury Auto Insurance - BC > We offer comprehensive luxury auto insurance for your BC vehicle so you can head out on the road without worry. 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. Get a Quote Luxury auto insurance in BC. Everyone’s basic auto insurance in BC is purchased through ICBC. Some luxury vehicles, which are deemed high value, will be charged higher basic insurance premiums. In BC, a high-value vehicle is considered:  a private passenger vehicle with a suggested retail price of over $150,000, if the model is less than seven years old, or  over $400,000, if the model is less than 14 years old High-value vehicles do not include commercial vehicles, motorcycles, motorhomes or other recreational vehicles. Certain luxury vehicles may also require an application to obtain Own Damage coverage, which includes collision, comprehensive, and specified perils coverage. After completing this form, you can take the completed application to your broker, who will review and send all applicable documentation to ICBC. Note: it is recommended that the Own Damage coverage application be submitted at least five days before purchase or renewal. Get in touch with us. If you aren’t sure if you require an Autoplan Special Risk Own Damage policy, connect with an Acera Insurance luxury auto broker in BC. One of our experienced advisors will be happy to discuss your vehicle and provide the details you need to feel certain you are getting the best coverage for your ride. Get a Quote Find a Branch 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. Get Details Why choose Acera Insurance for luxury car coverage? 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. Answering your most common questions. What cars are eligible for luxury auto insurance? Whether an insurance company considers your car a luxury vehicle may vary from provider to provider, but here are some factors that are often considered: The year, make and model High-performance or a unique factor The value of the vehicle (generally over $100,000) More complex maintenance and repairs, which also generally cost more 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 much does luxury auto insurance cost? The cost to insure your luxury automobile in Canada will vary based on several factors related to you, the vehicle, and your location. Some of these include: Your insurance and claim history Your credit rating Your driving record Your demographics Your vehicle’s year, make and model Your vehicle’s MRSP or purchase value How you use your vehicle When you drive How far you drive Where you live Security features At Acera Insurance, we help you find the most comprehensive coverage for your needs, at a price you are comfortable with. 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. Personal insurance insights for your everyday. Still have questions? We’re happy to connect with you. Let’s start a conversation. Find a Branch