Lamborghini Car Insurance

So you own a Lamborghini Car? Hats off just to that!

Planning to renew the insurance of your good old Lamborghini Huracan or looking for the best car insurance for your brand new Lamborghini Aventador – you’ve landed in just the right place.

Let’s dive into the car insurance basics for your Lamborghini car.

Understanding Lamborghini Car Insurance

Must-know Coverage for Your Lamborghini Car

You can get following kinds of insurance policies for your Lamborghini Car:

Third-Party Car InsuranceComprehensive Car Insurance
Only covers third-party injuries and damages, and not those to your own vehicle.Gives third-party policy + coverage for losses and damages to your own car
Mandatory by Indian Motors Act.It’s not mandatory to buy coverage for your own car’s damages, but then we all know the state of Indian roads. And, who doesn’t love their Lamborghini car?
Additional coverage like bumper-to-bumper cover, engine protector is NOT available.Additional coverage, like engine protector, bumper-to-bumper cover, no-claim bonus protector cover are available, at a slightly extra premium cost.

Why You Should Insure Your Lamborghini Car?

Most Lamborghini cars drive well on Indian roads and are priced to match affordability and mileage. With a suitable comprehensive car insurance, you can:

  • Be sure that you’re rightfully compensated if your Lamborghini car was stolen or damaged beyond repairs.
  • Get coverage for a third-party if your car caused an accident and the third-party was injured or their property damaged.
  • Get comprehensive coverage, in case damages were caused to your car [during an accident or because of natural calamities].
  • Be sure that no traffic policeman heavily fines you for not having a car insurance policy. Strictly, say no to bribery!

Good-to-Have Insurance Add-ons for Lamborghini Cars

Zero Depreciation Cover:

Irrespective of the model of Lamborghini you have, depreciation is applicable on all kinds of metal, plastic, and fiber glass parts. In case of repairs / replacement claims, you would have to pay for the depreciation cost. However, with zero depreciation add-on, you can get that covered.

Return to Invoice Cover:

So that, if your car was stolen or completely damaged, the claim settlement amount from the insurance company is not as little as the current market value of the car. Instead, it would be as much as its invoice value. This is possible even in a case where your car was two years old, with a 20 percent lower current market value.

Engine Protector Cover:

A regular comprehensive car insurance policy does not cover the damages to your engine. With an engine protector cover you could claim for those damages too. Read more on what is engine protector in car insurance and what will be its benefits. Whether you own a high-end car like Lamborghini Aventador or regular car like Lamborghini Huracan, it makes sense to buy this add-on. This add-on is also suitable for cars located in flooding prone areas.

No-claim Bonus Protector Cover:

If you are a good driver and have a tendency to claim less, you would certainly know about the no-claim bonus that you can earn for every claim free year. This bonus helps you in earning as much as 50 percent discount. However, a single claim can reduce the accumulated NCB to zero in the next year. The solution to safeguard that NCB is to buy this add-on. High-end Lamborghini cars have higher own-damage premium. So if you have accumulated enough NCB and don’t want to lose it for a claim, this is a good-to-have add-on. Also, this can come in handy as one of the tips to reduce car insurance premium amount.

Passenger Cover:

This personal accident cover for passenger is a must-buy for any Lamborghini car owner. A lower end model of Lamborghinimay not come with safety features like airbags or child safety locks. If you use your Lamborghini car to drive your family on a daily basis, it makes sense to buy this add-on.

A lot of insurance companies offer specific add-on coverages at an additional premium cost. Depending on the model of Lamborghini you have, do enquire with your insurer about these coverage options. Key replacement, roadside assistance, personal accident cover of passengers could be a few such options.

Things a Car Insurance Covers For Any Lamborghini Car

  • Personal accident coverage for owner-driver
  • Accident-related damages to your car
  • Damages caused during a natural calamity like flood or storm
  • Loss because of fire, explosions
  • Compensation for Stolen car

Things a Car Insurance Does Not Cover For Any Lamborghini Car

  • Wear and tear caused over the years [including flat tyres]
  • Losses caused when the car was driven without a driving license
  • Damages caused when the car was being driven under the influence of alcohol
  • Driving outside the geographical limits
  • If the car is used for anything beyond it’s legal purpose [racing, illegal activities, organized crime]

Questions you might ask about Lamborghini Insurance:

How can I renew my Lamborghini Insurance online?

Your Lamborghini Car Insurance Policy can be renewed online very seamlessly through your insurer’s online portal or your broker’s portal.

  1. If you have already selected an insurance company you can go to the insurer’s portal and renew it online by filling in the details.
  2. All you need to fill are your car details (like Vehicle Registration Number, Engine/Chasis Number), your previous insurance details and your contact details. Once done, you can then renew the policy online by paying via netbanking, wallet or credit/debit card.
  3. Also, it is not necessary to continue your insurance policy with the same insurance company as the previous year. You can easily purchase insurance policy from a different insurer, as long as you are aware of the benefits and features being offered

The car insurance of my Lamborghini Aventador has already expired. Is vehicle inspection mandatory?

Yes. Inspection is mandatory if the insurance for your car has already expired. You need to schedule an inspection before purchasing the policy. Once the surveyor approves, you can purchase the plan immediately online.

Is an online insurance policy valid for car?

Of course it is valid. You get a valid car insurance policy by renewing the policy online. All you need to do is fill in your previous policy car details and get a valid insurance policy emailed to your registered email id. A printout of that would suffice.

How do I get no-claim bonus at the time of renewal?

If you have not claimed in the preceding year, then you can avail a No-Claim Bonus (NCB) at the time of your next renewal. Keep one thing in mind: your car insurance renewal has to happen before the previous policy expires. If your policy lapses, you lose your NCB.

At the time of renewal of your Two-Wheeler Insurance Policy, you need to mention your last NCB and whether you have made any claim in the last year or not. You get discount on the own-damage premium as per the NCB grid provided by IRDA.

All vehicle Type NCB Grid% of discount on own damage premium
No Claim in the last 1 year20%
No Claim in the last 2 consecutive years25%
No Claim in the last 3 consecutive years35%
No Claim in the last 4 consecutive years45%
No Claim in the last 5 consecutive years50%

How much more do I need to pay for comprehensive car insurance?

The premium for a simple third party only insurance is fixed by the IRDAI. A comprehensive insurance policy includes own-damage premium too. The own-damage premium varies slightly from one insurance company to another and is dependent on a lot of factors, including your claims history and the age of your car. The overall premium for comprehensive insurance is slightly higher, but highly recommended if you are looking for complete coverage for your Lamborghini car.

Models Manufactured by Lamborghini : Which One Do You Drive?

Brand NameVariantsEngine CCMileage(kmpl)BHPWt. (kgs)Price Range(in Rs)
Lamborghini AventadorS64985690.63157550,100,000 to 53,700,000
Lamborghini AventadorLP 700_464985690.63157550,800,000 to 54,500,000
Lamborghini AventadorRoadster64985690.63162556,400,000 to 60,500,000
Lamborghini Huracan AVIO520410.6602.12142237,100,000 to 39,700,000
Lamborghini Huracan LP 580_2520411.24572.6138929,900,000 to 32,000,000
Lamborghini Huracan LP 610_4520410.6602.12142234,300,000 to 36,800,000
Lamborghini Huracan RWD SPYDER520410.6602.1154234,500,000 to 37,000,000

Lamborghini Celebrates the 30th Birthday of its Iconic Diablo Supercar

– December 7, 2020

Italian luxury sports car manufacturer, Lamborghini, is celebrating the 30th birthday of its iconic supercar Diablo this year. The Diablo is not just iconic to the brand but among supercars. It was launched back in 1990. It was first conceived and the project was codenamed Project 132, which was essentially a replacement for another supercar from Lamborghini, the Countach. At launch, the Diablo was the fastest production car in the world with a top speed of more than 320 km/h. The supercar derived power from a 12-cylinder, 5.7-litre unit, and it was able to develop a maximum power of 485bhp and a peak torque of 580Nm. Apart from being the fastest production supercar, it boasted of luxurious interiors and features such as leather interiors, electrically adjustable seats, electrically adjustable windows, etc. One of the significant features of the Lamborghini Diablo was that it did not have power steering or electronic driving aids until about 1993. The company launched the Lamborghini Diablo VT, its first GranTurismo to feature four-wheel drive. Also, in 1993, the company commemorated 30 years of its existence by increasing the power of the Diablo VT to 523bhp. Since then, the company has launched several versions of the Diablo certifying its iconic image.

Lamborghini Introduces Fluo Capsule Edition Of The Huracan Evo

– November 4, 2020

Italian supercar manufacturer Lamborghini has introduced a special edition of the Huracan Evo. The special edition is called the Fluo Capsule. The new edition of the Huracan Evo gets new matte colour schemes and also new colour options for the interior trim. The new update has been rolled out to the 2021 model of the Huracan Evo. The Fluo Capsule edition gets five new paint schemes: green (Verde Shock), Blue (Celeste Fedra), orange (Arancio Dac), yellow (Giallo Clarus) and orange (Arancio Livrea). The exterior of the special edition model will be offered with a dual-tone colour option with matte black roof, side skirts and bumper. The interior of the Fluo Capsule edition model gets the exterior colour trims on the engine start/stop button cover and Lamborghini embossing on the seat. Lamborghini is also offering sports seats instead of the regular comfort seats with Alcantara or leather seat upholstery. Other details such as contrast colour lines on the rear splitter and wing rear view mirrors give the car a stealth look. The Fluo Capsule edition models of the Huracan Evo draw power from the same 5.2-litre V10 internal combustion engine which produces a maximum power output of 631Bhp and 600Nm of peak torque. Lamborghini offers a 7-speed dual-clutch transmission on the Huracan Evo.

Lamborghini Reveals Sales Figures For September 2020

– October 12, 2020

Italian supercar manufacturer Lamborghini has revealed the sales figures for September 2020. The supercar brand managed to register sales figures of 738 units last month. It is to be noted that Lamborghini was the first automotive company to shut down production due to the coronavirus pandemic. After seven weeks of closure, Lamborghini resumed production, and the company also revealed three new models. Lamborghini took the wraps off the Sian Roadster, Essenza SCV12 and Huracan RWD Spyder. Apart from that, the popular Lamborghini Urus SUV and Avantador also achieved a milestone of 10,000 unit production. Despite the ongoing pandemic, Lamborghini has managed to achieve decent sales figures and has also got the production on the track. Currently, Lamborghini retails the Urus SUV, Aventador and Huracan Evo in the country. India is one of the important markets for the Italian brand. Despite the slump in the market due to the COVID-19 pandemic, Lamborghini has managed to keep the ship sailing. It also reflects the brand value of Lamborghini in the global automotive world.

Lamborghini India Is Not Witnessing Any Cancellations Of Bookings

– July 6, 2020

Where the world is suffering from an economic crisis, Lamborghini India’s books have not been hit badly. According to Lamborghini India Head Sharad Agarwal, even though the sales have reduced, the Indian office has not witnessed any cancellations. While there have been requests to defer the delivery of the Italian supercars, customers are not willing to give up on bookings. The deliveries have been severely affected due to the current COVID-19 pandemic and the cars are arriving late from Italy. Mr Agarwal is happy with the order bank for Lamborghini Urus and Evo RWD, however, worries that the sales will not hit the 52 units mark this year. Last year these 52 cars were each priced at Rs 2.5 crore in the country. Lamborghini Huracan Evo RWD was launched in India in January 2020 and carries a price tag of Rs, 3.22 crore. It has a 5.2-litre naturally-aspirated V10 engine that can produce 618 PS @ 560 Nm of torque and can accelerate zero to hundred kmph in 3.3 seconds.