High-End and Classic Car Insurance in Monaco: The Expert Guide
Ferrari, Lamborghini, Porsche, Bentley, Rolls-Royce, Aston Martin… Monaco has the highest density of exceptional vehicles in the world. But insuring a supercar or classic car is not something to be taken lightly. Between agreed value, track coverage, and Monaco-specific requirements, this guide reveals everything you need to know to protect your automotive investment.
Since 1977, Blair & Co has been supporting owners of prestigious vehicles in the Principality. Our expertise allows us to negotiate the best terms with insurers specializing in the high-end segment.
1. Why Your Supercar Deserves Specialized Insurance
The Limitations of Standard Policies
A standard car insurance policy is designed for production vehicles whose value is easily determinable. But how do you value a Ferrari 488 Pista, a Lamborghini Huracán Performante, or a Porsche 911 GT3 RS? Standard contracts have several major shortcomings for exceptional vehicles.
Common Problems with Standard Insurance:
- Compensation based on book value, often lower than actual value
- Insufficient coverage limits for vehicles >€200,000
- Exclusion of original parts and specific bodywork
- No track coverage or track day coverage
- Repair network not approved by manufacturers
- Disproportionate deductible in case of claim
Agreed Value: The Essential Guarantee
Agreed value is the foundation of any high-end insurance. This mechanism allows you to contractually set the value of your vehicle at the time of subscription. In case of total loss, you are compensated at this value, without discussion or depreciation.
| STANDARD INSURANCE | AGREED VALUE INSURANCE |
|---|---|
| Ferrari 488 purchased €280,000 | Ferrari 488 purchased €280,000 |
| Book value after 3 years: €180,000 | Agreed value set: €270,000 |
| Total loss → Compensation: €180,000 | Total loss → Compensation: €270,000 |
| Net loss: €100,000 | You recover your investment |
2. The Prestigious Brands We Insure
Italian Supercars
Italy produces the most iconic supercars in the world. We insure the entire range of Italian manufacturers with particular expertise on the most exclusive models.
Ferrari: SF90 Stradale, 296 GTB, Roma, Portofino M, 812 Competizione, F8 Tributo, Purosangue. Also limited series: LaFerrari, Monza SP1/SP2, Daytona SP3.
Lamborghini: Revuelto, Huracán Tecnica, Huracán Sterrato, Urus S, Urus Performante. Collector models: Aventador SVJ, Centenario, Sián.
Maserati: MC20, GranTurismo, Grecale Trofeo, Quattroporte, Levante.
Pagani: Huayra, Utopia. Specific coverage for these ultra-exclusive hypercars.
British Brands
Bentley: Continental GT, Flying Spur, Bentayga. The alliance of luxury and performance, ideal for Monaco.
Rolls-Royce: Phantom, Ghost, Spectre, Cullinan. British automotive excellence, very present in the Principality.
Aston Martin: DB12, DBS, Vantage, DBX. Also special series Valkyrie and Valour.
McLaren: 750S, Artura, GT. Hypercars: P1, Speedtail, Elva, Senna.
German Excellence
Porsche: 911 GT3, 911 GT3 RS, 911 Turbo S, 918 Spyder, Taycan Turbo S, Cayenne Turbo GT. Coverage adapted to owners who use their Porsche on track.
Mercedes-AMG: GT Black Series, AMG One, SL 63, G63 AMG. The high-performance range from Mercedes.
BMW & Audi: M3/M4 Competition, M5 CS, R8 V10 Performance, RS e-tron GT.
Hypercars and Limited Editions
For the most exclusive vehicles, we work with specialized insurers capable of covering values exceeding one million euros: Bugatti Chiron and Veyron, Koenigsegg Jesko and Regera, Rimac Nevera, Gordon Murray T.50, and one-offs from major manufacturers.
3. Classic Vehicle Insurance
What is a Classic Vehicle?
In France and Monaco, a vehicle is considered “classic” if it is more than 30 years old and is no longer in production. But beyond this legal definition, some more recent vehicles may benefit from special status due to their rarity or historical importance.
Classic Vehicles We Insure:
- Classic Ferrari: 250 GTO, 275 GTB, Testarossa, F40, F50, Enzo
- Historic Porsche: 356, 911 (930) Turbo, 959, Carrera GT
- Classic Mercedes: 300 SL Gullwing, Pagode, CLK GTR
- Vintage Aston Martin: DB5, DB4 GT Zagato, V8 Vantage
- Iconic Lamborghini: Miura, Countach, Diablo
- Prestige Jaguar: E-Type, XJ220, XKSS
Classic Insurance Specifics
Classic vehicle insurance differs significantly from standard insurance. The value of these vehicles is often constantly increasing, and their use is generally occasional.
| COVERAGE | WHAT WE OFFER |
|---|---|
| Agreed Value | Annual revaluation according to market |
| Mileage | Adapted formulas: 3,000 / 5,000 / 10,000 km/year |
| Storage | Garage coverage, secure box, free port |
| Transport | Flatbed truck for rallies and competitions |
| Events | Concours d’elegance, historic rallies |
| Restoration | Coverage during restoration work |
4. Monaco Car Insurance Specifics
Monaco Plates: Obligations and Benefits
Vehicles registered in Monaco (blue plates) must be insured with insurers approved by the Principality. This local specificity requires going through a broker who knows the Monaco market.
Benefits of Monaco Registration:
- No mandatory technical inspection (except utility vehicles)
- Customizable plates with low numbers for long-term residents
- Facilitated international recognition
- Simplified administrative procedures
Extended Geographical Coverage
Owners of prestigious vehicles in Monaco often travel: weekends in Saint-Tropez, trips on the Route NapolĂ©on, excursions to Italy, delivery in Maranello… Our contracts include complete European coverage, with the possibility of worldwide extension.
Track Coverage
Monaco is close to prestigious circuits: Paul Ricard, Monza, Imola, Spa-Francorchamps. Many owners want to enjoy their vehicle during track days. We offer specific coverage extensions for these uses.
Available Track Options:
- Private track days
- Supervised driving courses
- Rallies on closed roads
- Competition coverage (on request)
5. Our Guarantees for Exceptional Vehicles
Blair & Co Premium Formula
| COVERAGE | DETAILS |
|---|---|
| Agreed Value | 100% of agreed value, no depreciation |
| All Risk Collision | Including at-fault driver |
| Theft and Attempted Theft | With or without break-in, car-jacking |
| Fire and Climate Events | Storm, hail, flood |
| Glass Breakage | Windshield, windows, lights, panoramic roof |
| 24/7 Assistance | Towing, breakdown, replacement vehicle |
| Legal Protection | Defense and recourse |
| Manufacturer Repair | Approved network Ferrari, Porsche, etc. |
| Guaranteed Original Parts | Never adaptable parts |
Custom Options
- Reduced or Zero Deductible: To avoid any surprises in case of claim
- Accessories Coverage: Special rims, carbon kits, engine preparations
- Multi-Vehicle: Preferential rate for collectors
- Steering Wheel Loan: Coverage for occasional drivers
- Personal Effects Coverage: Luggage, equipment in vehicle
6. Frequently Asked Questions
How is the agreed value of my vehicle determined?
The agreed value is established based on several criteria: purchase price, current market value of the model, general condition, mileage, service history, and any options or preparations. For rare vehicles, an independent appraisal may be requested.
Is my French no-claims bonus transferable to Monaco?
Yes, your driving history is taken into account. Provide us with an information statement from your previous insurer and we will negotiate the transfer of your bonus with our partners.
Can I insure a car that I only use on track?
Yes, we offer specific contracts for “track only” vehicles that are not road registered. Coverage can include transport to the circuit and damage during driving sessions.
What happens if my classic car increases in value?
We recommend an annual revaluation of the agreed value. The classic car market is dynamic, and some models can increase by 10 to 20% per year. It would be a shame to be underinsured.
Do you offer fleet insurance for collectors?
Absolutely. From 3 vehicles, we can establish a fleet contract with advantageous pricing conditions and simplified management. It’s the ideal solution for enthusiasts who own several exceptional vehicles.
In case of a claim, can I choose my body shop?
Yes, and it’s essential for prestige vehicles. Our contracts guarantee free choice of repairer, with a preference for manufacturer-approved workshops. A Ferrari must be repaired properly.
Protect Your Automotive Passion
Since 1977, Blair & Co has been supporting owners of exceptional vehicles in Monaco and the French Riviera. Our expertise in the high-end market allows us to offer you tailor-made solutions, negotiated with the best specialized insurers.
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đź“Ť Valbonne: +33 (0)4 93 12 35 75
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