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What Prestige Motor Insurance Covers
Prestige motor insurance covers high-value luxury, performance and prestige vehicles against financial loss from accidents, theft and other insured events.
Prestige car insurance adds broader cover, specialist repair options and claims handling built around what owners of premium vehicles expect.
Whether you own a luxury sedan, a high-performance sports car or a limited-edition vehicle, prestige motor insurance protects it better than a standard motor policy. Many owners pair it with prestige home insurance. It sits within our personal insurance range at Fortis Risk Solutions.
Prestige Motor Insurance: Cover Sections and Benefits
What Prestige Motor Insurance does not cover
Prestige motor insurance is written around an agreed value and a defined group of drivers. Step outside either and the policy may not respond. The usual exclusions are:
- Track days, hill climbs, sprints and any competitive or timed event, unless the insurer has agreed to them in writing
- Drivers not listed on the schedule, or drivers outside the age and experience criteria
- Driving while unlicensed, disqualified, or under the influence of alcohol or drugs
- Mechanical, electrical and electronic breakdown, and the failure of a component through age
- Wear and tear, stone chips, paint fade and deterioration of leather or trim
- Modifications and performance upgrades that were never declared
- Use for hire or reward, including ride share and paid touring work
Depreciation is also excluded, which is why the agreed value matters more than anything else on the schedule. FRS reviews the agreed value, the driver list and any planned track use each year, so the policy still matches how the car is used.
How Prestige Motor Insurance premiums are set
Specialist underwriters rate the car and the owner rather than a standard vehicle table. The factors that count are:
- The agreed value, and whether the car is a modern performance model, a classic, or a limited build
- Parts availability and repair cost, including whether panels or trim are imported to order
- How far the car travels in a year, and whether it is a daily drive or a weekend car
- Where it is kept: locked garage, secure basement, alarm, immobiliser or tracker
- Driver profile, licence history and claims record, and whether cover is restricted to named drivers
- Club permit or limited use registration, which usually reduces the exposure
- The excess chosen, and any additional excess for young or inexperienced drivers
Choice of repairer is often part of the deal, and a marque specialist protects resale. FRS confirms the repairer arrangement before binding rather than at the point of a claim.
How to claim on Prestige Motor Insurance
The first decisions after an accident affect where the car goes and who touches it. Do not let it be towed to a general holding yard if the policy allows a nominated repairer. The FRS process:
- Make the scene safe, check for injuries and call emergency services if anyone is hurt
- Exchange licence, registration and insurer details with the other driver, and photograph the damage and the road position
- Report theft, attempted theft or malicious damage to police and keep the reference number
- Do not admit liability at the scene and do not agree to pay for the other party’s repairs
- Call FRS the same day and confirm where the car is being taken before repairs are started
- FRS lodges the claim, arranges the assessment with a marque specialist where the policy allows, and follows the repair through to handover
Details are on our make a claim page.
Prestige Motor Insurance compared with standard Comprehensive Motor Insurance
| Question | Prestige Motor | Standard Comprehensive |
|---|---|---|
| What it covers | Performance, luxury and classic cars on an agreed value, with a choice of repairer | An everyday car, usually on market value |
| Who buys it | Owners of high value, imported or collectable vehicles | Most private drivers |
| Typical trigger | Damage needing a marque specialist, theft of a collectable, storm damage in storage | A car park knock, hail, theft from the driveway |
| Sits with | Prestige home, personal liability, collections cover | Home and contents |
Market value settlements are the sticking point on a rare car, because there is little to compare it with. An agreed value fixes that number up front, and prestige motor insurance usually pairs with a prestige home policy so the car, the garage and the collections sit with one underwriter.
Prestige Motor Insurance FAQs
It offers higher levels of cover, specialist repairers, genuine parts and claims handling built for luxury and high-value vehicles.
Many prestige policies allow repair by manufacturer-approved or specialist prestige repairers, subject to the insurer's terms.
Yes. Agreed value is commonly available, particularly for high-value, performance and collectible vehicles.
Yes. Many policies now address EVs specifically, including battery systems and the specialised repairs they need.
Prestige vehicle policies differ widely in valuation method, repair standards and exclusions. As your broker, FRS helps you:
- Set agreed values that match market conditions
- Access specialist prestige insurers and policy wordings
- Hold repair quality to manufacturer standards
- Manage complex claims and loss negotiations
Any car you also use for work sits better under a policy for vehicles used for business. We also arrange pleasure craft insurance and aircraft insurance for clients who own boats or aircraft.