A vehicle from Bentley Motors represents a major investment and, for your peace of mind, you need a reliable insurance carrier offering reasonable rates.
Many factors affect the cost of your Bentley insurance, including age, driving record, driving history, and geographical location, but perhaps one of the most important elements is the car itself.
Insurance analysts carefully scrutinize each vehicle make and model to determine the risk allowance and the car’s damage potential before they come up with a rate quote.
How Much Does Bentley Insurance Cost?
The same deluxe fittings and equipment that make your Bentley a premium vehicle also make it an expensive car to insure.
Let’s look at some of the factors that affect Bentley insurance rates.
Bentley Safety Rating and Damage Threshold
The Insurance Institute for Highway Safety studies car makes and models to determine how safe they are.
It measures crashworthiness, which looks at how well a car maintains its integrity during an accident, and crash avoidance, which focuses on the ability to avoid or prevent a traffic accident.
The study, however, doesn’t include every vehicle, and there are no results for Bentley Motors.
Bentley Comprehensive and Collision Coverage
When insurance providers set rates, they look at the replacement value of the insured vehicle. If the car is declared a total loss, that is the amount they will have to pay out.
According to Kelley Blue Book, the estimated price of a new 2017 Bentley Bentayga W12 in the San Francisco region is between $229,000 and $234,000. Even used, a Bentley model can easily cost three figures.
With this high sticker price, Bentleys typically have high insurance premiums.
Bentley Claims Frequency and Potential to Cause Damage
Another item that insurance carriers look at is the history of insurance losses by make and model. Vehicles are grouped by class and type and compared to the national average of 100.
Bentley Motors’ scores were exceedingly high for this study, with the Bentley Continental Flying Spur four-door 4WD receiving a 512 in Collision and a 693 in Comprehensive in the very large, luxury car class.
These high scores are likely to cause an insurance company to raise premiums accordingly. Bentley owners should be prepared for heftier insurance costs than other drivers.
Who Are the Best Insurance Companies for a Bentley?
Insurance prices are based upon a variety of fluctuating parameters. That’s why it’s so important to collect quotes from at least three different companies.
If you use an agent or broker, make sure they know you’re planning to shop around.
Here are a few things to think about when looking at a Bentley insurance provider.
- Make sure the company holds a license in your state.
- Explore price vs. coverage to find the best match for your needs.
- Check the financial strength of your potential carrier.
- Look at online reviews and customer satisfaction studies to verify good customer service.
- Get a feel for the company’s mode of operation and make sure it matches your needs.
Due to the high price tag on Bentley vehicles, you may have to investigate a specialty insurance company.
Most of the major carriers offer high-end insurance, but some smaller companies focus only on these types of cars and may end up being a better choice for Bentley owners.
Bentley Insurance Discounts
Insurance companies know that prevention plays a big part in reduced payouts. Therefore, most companies offer a variety of discounts for safe driving tools.
Bentley Motor’s innovative technology has resulted in advanced safety features. The Bentayga model includes over 10 driver assistance tools.
Items such as a pedestrian detection system, automatic braking, head-up display, night vision, and a blind spot monitor may help Bentley drivers save a little on their insurance via discounts.
Ask potential carriers about discount programs and be specific in your questions.
- Do you offer a safe driver discount?
- What about a low mileage discount?
- Are there discounts for locked parking facilities?
- Do you offer bundling discounts for several vehicles?
Bentley Motors is fast approaching its century mark as an automobile company.
It was founded in England by W.O. Bentley, who stated his goal was,
“To build a fast car, a good car, the best in its class.”
Since that moment, Bentley Motors has become almost synonymous with British luxury cars. In the 1920s, wealthy Bentley Boys and Girls (as they were known) competed in racing competitions all over Europe. James Bond, the famous fictional spy, drove a Bentley in two feature films.
Currently, all the Bentley models are made in a factory in Crewe, England, and the company still follows the original goal instituted by its founder.
Finding the Right Insurance For Your Bentley
Now that you’re aware of the various factors that can affect your Bentley insurance premium, you should be in a good position to obtain a competitive rate.
Make sure you discuss discounts and collect a variety of quotes before making your final choice. Read more about how to compare car insurance quotes in our post here.
*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.