News Matrix Insurance Group

Month: March 2022

The Upside of Luxury Cars
The Upside of Luxury Cars

Posted on March 24, 2022 | by | Posted in Insurance

When purchasing a new vehicle, you must make several considerations. One of these is the style and characteristics you desire. On this point, you might want to consider purchasing a luxury vehicle. There are numerous advantages to doing so. Continue reading to discover what the benefits are.

Newest Security Features

When you get into a car by yourself or with loved ones, you are speeding down the road far quicker than you can walk or ride a bike. Interactions with other automobiles and trucks necessitate driving cautiously. 

When you drive a luxury vehicle, you can be secure that you are as safe as possible. Paying a premium price for this type of vehicle usually means you’ll be driving with the most up-to-date safety features. 

According to studies, at least 71 per cent of vehicles with safety equipment such as side and front airbags, anti-lock brake systems, and traction control cost at least $40,000. More modern detectors, airbags and other safety measures create a more robust body structure. If you include these, you will have even have more protection in the event of an accident.

Automobile Technology Innovations

If you’re looking for a new car, you’ll notice that the luxury vehicles you look at are equipped with the most cutting-edge technology. Even if you decide to buy a model that is a few years old, it will most likely come with technology that isn’t available yet in mainstream models. 

Buying a secondhand luxury vehicle may typically ensure that you are working with the most up-to-date technology available. A good example is the Porsche 4-D Chassis Control system.

In previous years, regular automobiles have only recently offered these functions. For example, purchasing a luxury car means you have cooled and warmed front and rear seats. Also, driving a luxury automobile, such as a BMW or Lexus, means you can also have a heated steering wheel and other such features.

Excellent Workmanship

When you invest extra funds in a luxury car, you want it to transport you to your destinations in comfort, speed, and security. 

Choosing a premium car usually ensures that you get the performance you want. They boast the best suspension settings and engines with much higher displacements, better aerodynamics, and sharper steering.

If you’re looking for speed and efficiency, buying a premium car will usually provide you with these features. When experiencing heavy traffic in the city or rushing down a lonely highway, you’ll typically hear less noise from outside, and the ride will be considerably more comfortable.

Better Designed

Even if you buy an older, pre-owned luxury car, you’ll undoubtedly discover that it’s built better than most new mainstream automobiles. Driving a premium vehicle means higher-quality cushioning, softer leather, and top-notch stitching. Also, when you open and close the doors, you’ll feel like you’re holding something considerably more substantial than a standard automobile.

Several luxury vehicles also feature improved interior soundproofing. You’ll appreciate the thicker windows and a softer, higher-quality interior. 

Outstanding Value

Purchasing a new luxury automobile can be costly. However, if you locate one previously owned and has only a few miles on the odometer, the price may be far lower than a new model. Purchasing a luxury car that is a little older than the latest models can be significantly more inexpensive while still providing all of the features you like when searching for a vehicle. Taking advantage of the price drop caused by rapid depreciation in the first year or two can help you get an excellent car for a lower price.

Buying one lets you drive a comfy, high-performance vehicle at a price equivalent to a mainstream vehicle. Once the first depreciation shock has passed, this vehicle usually keeps its value very well. 

Improved image and status

When you see someone sporting a high-end automobile, you instantly think they’ve got it together. Spending money on a far more expensive vehicle usually means a high-income level. It’s possible that having this type of vehicle will improve your image and prestige. When people see you driving a premium car, they may subconsciously equate you with success. While this is unlikely to be the primary motivation for purchasing a BMW or Lexus, it can be entertaining to see people’s heads turn when you drive one.

Taking advantage of this aspect of human nature may appear shallow, but you shouldn’t be concerned if you act classy. It’s like putting on a beautiful outfit. You’re more likely to stand out and attract more attention.

Aesthetic features

If you’re looking for a standard vehicle, you’ll probably pick any design because there won’t be anything that will make you say “wow” while you’re looking at these vehicles. When buying a premium car, this factor is precisely the reverse. These automakers are experts in combining convenience, performance, and innovation into a visually appealing vehicle.

Horsepower and Consistent Quality

Another advantage of driving a BMW, Ferrari, Mercedes-Benz, or other luxury brand is that the quality remains consistent year after year. Even though it’s an older model, knowing you can trust a used luxury car’s engines, interior, and exterior features makes it well worth acquiring. These brands will often obtain flawless marks for factors linked to the interior or mechanical body.

A critical note to remember is that once you have one, you need to protect it well. Consider checking Matrix Insurance Group if you are looking for Perth based luxury car insurance providers. They can help you with everything that you need.

A Comprehensive Guide to Insuring Your Luxury Car
A Comprehensive Guide to Insuring Your Luxury Car

Posted on March 24, 2022 | by | Posted in Insurance

Owning a luxury car is undoubtedly a long-time ambition for many people. These automobiles do not only have top-notch functions but are also considered a fashion statement for the wealthy. However, they require constant and high-quality maintenance to keep them looking and working well. 

This is why owners ensure to have their vehicles in routine maintenance practices and have them adequately covered by insurance to keep them in top condition. What most people are unaware of is that luxury cars are not covered by conventional automobile coverage. If you are looking for helpful tips with regards to this specific policy, we got you covered! In this article, we will be giving you our comprehensive guide to insuring your luxury car.

What are the benefits of having a luxury car insurance policy?

Regardless of the vehicle, obtaining automobile insurance is needed to protect yourself in the event of an accident on the road. Accidents are bound to happen at one point, whether we like them or not. When they occur, insurance is what safeguards our financial security. Your car insurance coverage should protect you whether you or someone else is at fault for a vehicle accident. However, the extent to which you receive assistance is totally up to you.

Given that prestige and luxury automobiles represent a significant investment, wouldn’t you want to guarantee they are suitably protected? Luxury cars are more expensive to repair, maintain, and replace in an accident. It is prudent to have sufficient funds set aside for these expenses before an emergency. 

Not only will luxury car insurance cover damages to your vehicle, but some policies can also even safeguard some personal items. The specifics of the coverage will be discussed later in the article. Furthermore, since these vehicles are an invaluable asset, having insurance will give drivers peace of mind that their investment is well protected. 

How much does insurance for a luxury car cost?

If you’re insuring a luxury vehicle, you should anticipate paying a higher premium than you usually would. To be more precise, luxury car insurance is approximately 18% more expensive than standard car insurance, according to Of course, this is because luxury cars are significantly more expensive than standard vehicles. Therefore, the cost to repair or even replace the parts will require thousands of dollars. 

This also means that the potential insurance payouts for premium vehicles are larger. As a result, if your luxury vehicle is totalled or stolen, your insurer may be required to pay a higher premium to replace or repair it. 

Considering the high price, some luxury vehicle owners may be tempted to reduce their coverage limits. If you are thinking of doing this, you should first conduct an assessment of the risks. To help you out, let’s take a look at what a luxury auto insurance policy entails.

What is the scope of luxury car insurance?

Here are some of the things to consider when selecting the proper coverage for your vehicle. In this section, we will also help you choose a reputable insurance provider that will handle your claims in the event of an accident.

Comprehensive and collision coverage

Auto insurers frequently sell collision and comprehensive automobile insurance together. These policies provide total coverage in any scenario, so it is suggested that all car owners have both.

Comprehensive insurance will help you pay to replace or repair your car if it is stolen or damaged in an incident other than an accident. They can also help cover damages caused by fire, vandalism, or falling objects. Meanwhile, as the name suggests, collision coverage pays for damage to your vehicle if you collide with an object or another car.

Liability coverage

Liability coverage is primarily beneficial when you are found at fault in a car accident or other incident. This covers both bodily injury and property damage. Bodily injury liability coverage applies to the other party’s medical expenditures. On the other hand, property damage liability coverage protects you against property damage caused by a covered accident. Furthermore, this coverage is not optional because most states require it in order to operate your vehicle lawfully.

Personal injury protection (PIP) coverage

Also known as no-fault insurance, this type of policy assists in covering expenditures such as medical bills, lost wages, and burial costs following an automobile accident, regardless of who is at fault. This is required in some locations, and requirements will vary depending on where you live. 

Medical Expenses coverage

Unlike the PIP coverage, this is optional and not available in all locations. This will help in paying for your medical expenses or those of your passengers if you are wounded in a car accident, regardless of who caused the accident. 


Having enough and dependable insurance coverage is critical for auto ownership. No one would want to face financial difficulties while recovering from the shock of an accident. As a wise buyer, it is imperative that you conduct thorough research, compare quotations and tailor a package to your coverage requirements and budget.

Contact Matrix Insurance 

Matrix Insurance is a reliable luxury car insurance provider in Perth, providing insurance solutions to small to medium-sized businesses throughout the state and throughout Australia.

We are passionate about insurance and committed to ensuring a great experience throughout the insurance transaction. We have relationships with over 120 different insurers and underwriters. Moreover, our company takes time to learn about our clients’ needs and offer sound advice based on our significant insurance knowledge.

Request a FREE Quote