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How to Take Care of Your Luxury Automobile
How to Take Care of Your Luxury Automobile

Posted on April 20, 2022 | by | Posted in Insurance

Regardless of the type of vehicle you possess, it requires routine maintenance and proper care. However, purchasing a luxury car is a significant investment of your hard-earned money, so the level of care needed increases exponentially. Also, you will need to learn additional maintenance tips and tricks to help care for and protect their unique features. In this article, we elaborate on how to take care of your luxury vehicle! 

  1. Consistent maintenance

Maintaining a premium vehicle is more expensive and laborious as compared to a non-luxury car. Each luxury car is designed with the assistance of highly skilled engineers and mechanics. Due to their complex features, they frequently require more in-depth maintenance than other standard automobiles. After all, if your dream sports car breaks down unexpectedly and requires a fortune to repair, it will break your heart and your savings account.

While you may be able to put off routine maintenance, such as oil changes in a regular automobile, you must replace your oil according to the manufacturer’s recommendations to ensure that all components of your luxury car operate at peak performance. It contains more moving parts than a standard motor, necessitating more maintenance to keep it in top shape. For example, the high-performance engine beneath the hood of a Lamborghini involves more complex mechanical engineering as compared to a factory-grade Honda civic. As a result, it makes sense to strictly follow the manufacturer’s recommended schedule to let a professional inform you if your luxury car works optimally.

  1. Be mindful of the interior

Regardless of how frequently you drive your luxury car, make a point of vacuuming the interior every other week. There may be spills of beverages, crums, leftovers, and even clothing on the seats, giving the vehicle a dirty appearance and obscuring the splendour of the leather seat covers.

Cleaning the seats discourages the growth of mould or the invitation of unwanted insects. Moreover, don’t forget to vacuum the doors, consoles, mats, and floor mats. While you’re at it, you can also polish the windshield and windows, revive your car’s leather upholstery with specialised leather cleaner, and even improve the aroma of your vehicle with brand new fresheners. 

  1. Keep the exterior clean

Of course, maintaining and servicing the exterior is equally as crucial as important as cleaning the interior is for you and your passengers. Luxury cars are conceptualised and made to be eye-catching. They can attract anyone’s attention while you’re driving down the street, which is why they must constantly be shining and gorgeous.  

If your luxury vehicle is not washed regularly, its delicate design and exotic appearance will be lost beneath a layer of road dust and dirt. Therefore, you should consider washing your automobile regularly to remove any dirt or debris that builds over the week, maintain its appearance, or get a car wash membership. Cleaning your car yourself is also a good option, allowing you to acquire the best cleaning materials and give your vehicle the proper care it needs.

  1. Be very careful while driving

A large part of keeping your luxury vehicles in top shape is by being a careful driver on the road. While your luxury vehicle may have plenty of horsepower and performance, you should avoid putting yourself at risk by driving carelessly. Being responsible with your car and following the street signs breaks the stigma of luxury car owners being obnoxious. Additionally, while you may take care to protect your prized automobile, other motorists may not be as considerate. 

Therefore, when driving a luxury car, it is critical to follow all traffic laws and drive cautiously to protect yourself and your investment from the potential reckless actions of others. Even if the weather is perfect, the sun is shining, and there is no cloud in the entire sky, always be cautious of your surroundings when driving. 

  1. Check the air pressure of your tyres

If you ride a car regularly, you probably understand how critical it is to check the air pressure of your tyres and balance the wheels at the same time. Maintaining optimum tyre air pressure is essential for extending the life of your tyres, providing a safe ride, and maximising fuel economy. Therefore, get the air pressure checked anytime you’re up at a fuel station. 

It should be second nature to check the air pressure in your tyres whenever you fill up your vehicle with petrol. The more you drive, the balder your tyres become, increasing the likelihood of an accident. Therefore, regularly check the air pressure and the vehicle’s current state to prevent further issues.

  1. Contact a professional for a second opinion

It isn’t easy to diagnose a luxury car’s sophisticated system. Many people believe they can repair their own car and save money by doing so. However, this is very untrue, quite the opposite in fact. It may even end up costing you more. Thus, if you feel your car needs some repairs, you should contact a professional to help you fix it. The primary reason to engage with an experienced auto mechanic is that they have years of experience working on luxury vehicles.

  1. Get a luxury car insurance 

Since luxury cars do not have standard features, they require special insurance. A luxury car insurance policy provides coverage that other types of policies, such as comprehensive or collision, frequently do not. Consider purchasing low-mileage coverage or increasing your deductible to receive affordable auto insurance for these types of automobiles. 

Tips For Starting And Operating A Profitable Automotive Trade Business
Tips For Starting And Operating A Profitable Automotive Trade Business

Posted on April 20, 2022 | by | Posted in Insurance

We have all dreamed of starting a business and being our own boss. Doing what you want, when you want, and how you want without having to follow orders definitely sounds like a dream. Furthermore, like everything else in life, being a business owner starts with coming up with proper and thorough planning. This stage includes the most crucial steps to help you create and maintain your desired line of trade. 

If you are considering starting your own automotive trade business, this article is for you. Not only will we give you an overview of how to get the ball rolling, but we will also reveal some tips that will help you grow a profitable company. 

Finalising the line of business

There are countless business ideas you can choose from, but it is ideal that you pursue one that you know and understand deeply. You should also be more specific with the operations you want to have. The automobile industry comprises a lot of business models, so you need to specify which one you will follow. 

For example, will you buy and sell automobiles or do repairs and replacements? Overall, it is imperative that you have a particular knowledge of the business you are to start to save you from stress. In addition, select the one you enjoy and that you’ve grown to love. 

Securing your capital

Sometimes, your line of business will be dependent on the availability of funds. Since the automobile trade industry involves pricey vehicles, you will definitely need to raise enough funds for your capital. In cases like this, you can apply for a loan from the bank or even ask for help from trusted family or friends. Some business owners also attempt to raise funds by seeking willing investors who believe in your company’s vision. 

Writing your business plan

A blueprint is required to build a house, and this is the same for businesses. Your business plan describes your company, its products or services, and how and to whom you will sell. It outlines how to market your company, grow it, reduce risks, and make money. 

Furthermore, this is helpful to keep you on track with your goals and objectives. You can use it to analyse your plan’s results and make appropriate adjustments. 

Knowing the laws and codes 

Being familiar with and knowing the different regulations, policies, standards and practices, warranty codes, and repair codes applicable in your jurisdiction is imperative when working in the motor trade industry. Knowing their ins and outs will help you avoid litigation and eventual lawsuit expenses. 

Getting insurance and trade license plate

It is also essential to apply for motor trade insurance. Not only is this a legal requirement, but it will also help you get covered from both public and employer liability. Furthermore, it will protect you from severe financial damages that you may face down the road. 

Matrix Insurance will create a motor trade insurance in Perth tailored to the Motor Trades industry and allows you to customise the coverage you require for your business. 

You should also apply for a trade license plate to save you from the hassle of registering and being taxed for every vehicle that comes in your possession. This is especially helpful when you sell, repair, and conduct test driving.

Knowing what cars to buy and sell

What we want can differ from what our clients want. Therefore, in planning what cars to sell, buy what you think your clients would love to own and not those of your personal preferences. Do your research to help you look for automobiles in demand in the market. 

You may also want to buy second-hand cars and then sell them. This is another business model that can help you gain a lot of profit. If this is something you want to pursue, you can learn from attending auctions. These events provide opportunities for you to observe and learn about the trade. 

Doing marketing and advertisements

Once you have set up your line of business, vision, brand, and target audience, it is time to market. Your customers are your lifeblood, so you should put a lot of effort into reaching and accommodating them. 

In any business you do, it is a must that you know how to advertise and attract clients. Once you acquire them, you should also know how to keep them coming back. 

Therefore, you should always have a budget for marketing and advertisements. Fortunately, there are a lot of ways you can do this. You can advertise online, in newspapers, in magazines, on TV or radio. If you want to keep up with social media, you can start by setting up a website or Facebook page. 

Additional tips on growing your motor trade business

  1. Choose experienced marketers who know about sales, social media, copywriting, and branding.  
  2. Keep track of your income and expenses. If possible, employ an accountant or utilise online accounting tools. 
  3. Keep training and learning. Attend training and seminars to fill the gap on things you are not so adept with your motor trade business. 
  4. Take other loans or financing options if you want to expand your business. However, choose those with the lowest risk. 

Overall, putting up a business is challenging and risky. This is not a smooth and upwards road filled with wins. There are a lot of growth and high-income opportunities in the automotive trade business. However, you first need to plan appropriately and ensure you are working with the best team. 

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.

Construction Costs and Underinsurance: How to make sure that your property is not underinsured
Construction Costs and Underinsurance: How to make sure that your property is not underinsured

Posted on September 14, 2021 | by | Posted in Insurance

The majority of people are entirely aware that inflation has been increasing in recent months as a result of COVID-19. However, many remain unaware of the extent to which the recession has impacted the building sector and what this implies for their property insurance. A shortage of building supplies and a rise in salaries are only two of the factors that have increased expenses and may leave your house uninsured and vulnerable.

In this post, Matrix Insurance, the number one insurance broker in Perth will discuss underinsurance and the many risks associated with increasing your building’s costs.

What are construction costs? 

Construction expenses are included in the total cost of developing a constructed asset, such as a building. In general terms, these are those associated with the actual construction activity, and for some projects, they may be defined by the value of the contract with the prime contractor. Furthermore, this includes all supervision, materials, supplies, labour, tools, equipment, transportation, and other facilities furnished, used, or consumed.

Construction cost estimates are crucial to your firm’s profitability and capacity to attract new business. Moreover, it is critical to be as precise as possible. 

What does it mean to be underinsured? 

The entire aim of insurance is to safeguard you against unforeseeable events. Due to current events, insurance premiums for residential and rental properties are increasing. In fact, they have grown by over 60% on average during the last decade. Underinsuring your house might result in a severe financial problem, depending on the magnitude of the damage and the size of the insurance gap.

Furthermore, underinsurance of your house and goods is a significant issue at any time, but it becomes exponentially more significant if you lose your home. The majority of people realise that being underinsured means that you may not have enough insurance money to repair and replace the same quality as before. However, it can also impair your insurer’s ability to assist you with the rebuilding and replacement process, adding to your worry and uncertainty. In some instances, this may imply that you cannot rebuild your house at all. The saddest thing is that many people are unaware they are underinsured. In cases like this, they previously purchased the proper level of house and contents insurance, but have not examined it regularly since then.

What does it mean to raise construction costs?

Due to rising building expenses, your property may require greater insurance coverage than it currently has. Home insurance brokers use software to determine the property’s minimal rebuilding value. They enter all of the data about your home into an evaluation program that calculates the maximum amount of insurance required for your property. Furthermore, insurance companies generally need new evaluations every few years, at which point your building’s coverage is renewed.

The building limit on an insurance policy is determined by the cost of reconstruction. If the cost of rebuilding increases, the maximum you bought on your insurance may not be sufficient to restore it to its pre-loss condition. Even in markets where the cost of building materials has not increased significantly, many people are grossly underinsured. Add to this the fact that the cost of rebuilding has increased considerably, and the number of underinsured individuals is growing even larger.

Construction costs and underinsurance:

The majority of property owners understand that the sum insured on their property is based on a reasonable replacement value. Moreover, the rebuilding costs are typically far greater than most people realise, which implies that many individuals are now underinsured.

Overall, as construction expenses rise and the building value covered by your policy grows, so does your house insurance rate. Underinsured businesses may also fall short of their stipulated co-insurance percentage, forcing the business to accept a share of the loss, drastically reducing the claim payout.

Moreover, being underinsured and failing to meet co-insurance obligations may have a severe financial impact on a firm. If the present rate of growth in building materials prices continues, your property insurance may not be sufficient to cover the cost of rebuilding. Additionally, the policy’s maximum is determined by the cost of rebuilding your house or workplace. Failure to account for growing construction material costs might result in underinsurance.

How to prevent underinsuring your property: 

Buildings insurance is based on rebuild value rather than market value. If your property is insured for less than its rebuild value, it is underinsured. This means that, in the case of a claim, insurers will not pay the entire amount. Instead, they will pay an average amount.

Making modifications to your rental property, such as building an addition, increases the property’s value but also decreases its insurance value. Similarly, a frequent example of underinsurance happens when a property owner renews their insurance policy year after year without updating it to reflect market inflation.

Homeowners should update their property insurance values at least once a year, avoid relying on internet insurance calculators to determine replacement costs and search for insurance choices. With this in mind, here are some ways you can avoid property underinsurance: 

Seek professional help: Agents can assist customers in reevaluating replacement cost estimates for buildings, contents, equipment, and business disruption to verify that the proper coverage levels are in place. They can also verify that the appropriate policy limits or sub-limits are in place, ensuring that customers are neither underinsured nor unfairly punished by co-insurance obligations.Take advantage of an insurance appraisal: Bear in mind the expenditures for reconstruction, site upgrades, and total demolition and waste disposal. Since demolition and debris removal expenditures are generally the first to be addressed in the case of a claim, it’s critical to have an exact estimate. If not, you risk having insufficient money available for rebuilding and site upgrades.

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