Celebrity Cars Insurance

What is celebrity car insurance?

Celebrity car insurance is a specialized type of auto insurance designed for high-profile individuals, such as celebrities, actors, musicians, athletes, or other public figures. These individuals often have unique insurance needs due to their high-value and high-performance vehicles, as well as the potential for increased risks associated with their public status. For instance, a well-known actress such as Alia Bhatt will opt for celebrity car insurance.

Features of celebrity car insurance

Celebrity car insurance for luxury cars has the following features.

1. Personalised options

Celebrity car insurance provides the best fit for its customers by providing additional coverage such as modifications, specialised parts, and consumables cover suitable only for luxury vehicles.

2. Better comprehensive coverage

Comprehensive insurance for celebrity cars includes protection from theft, fire, natural calamities, and vandalism because these can lead to considerable repair costs.

3. Improved third-party liability cover

Luxury vehicles insured with celebrity car insurance provide better cover when a bodily injury has occurred or the property of a third party has been damaged.

4. Higher limits

Celebrity car insurance provides higher limits to ensure sufficient financial protection is provided when any type of damage has occurred.

5. Own damage cover

Luxury cars which are covered by celebrity car insurance have better protection when they are damaged due to any reason.

6. Access to specialized service centers

Luxury vehicles require service centres that have experts with specific expertise to repair those types of vehicles. Celebrity car insurance provides access to these types of centres.

Expensive cars owned by celebrities

Celebrities love to flaunt their cool collection of cars because they often have the means to get the latest, rarest, and most expensive cars in the world. Here is a list of some of the expensive Bollywood celebrity cars.

1. Priyanka Chopra Jonas – Rolls Royce Ghost

Globally renowned and versatile actress Priyanka Jonas Chopra who has charmed audiences with her performances has a nice collection of expensive cars to her name. She owns the Rolls Royce Ghost which is priced at Rs. 5.25 crores. Next, she has two BMW cars; the BMW 7 Series priced at Rs. 2 crores and the BMW 5 Series which is priced at Rs. 60 lakhs. She is also the proud owner of Audi Q7 which costs Rs. 80 lakh.

2. Shahrukh Khan – Bugatti Veyron

The King Khan of Bollywood is undeniably one of the top actors in the industry. He is as relevant today as he was early in his career. His love for cars is evident from the collection he possesses. The most expensive car in his collection is Bugatti Veyron which comes with a price tag of Rs. 12 crores. His other amazing buys include the Rolls Royce Cullinan Black Badge which is priced at Rs. 10 crores, Rolls Royce Drophead Coupe priced at Rs. 4.10 crores, and BMW I8 which is priced at Rs. 2.20 crores.

3. Abhishek Bachchan – Bentley Continental GT

Abhishek Bachchan has carved a place for himself in Bollywood with his commendable and nuanced performances. He has a love for luxury vehicles and he buys those which resonate with his personality. He owns the Bentley Continental GT that costs Rs. 4.20 crores and he also has a Rolls Royce in his garage. He is the proud owner of the Audi A8L, priced at Rs. 1.14 crore, and the Mercedes-Benz S-Class, priced at Rs. 1.33 crore.

4. Ranbir Kapoor – Audi R8

Ranbir Kapoor can blend into any character he plays. He is not shy to show his love for luxury cars by having some of the best in his garage. His most expensive buy is the Audi R8 model, priced at Rs. 2.45 crores. He also owns the Range Rover Sports car that costs Rs. 2.2 crores. The other cars in his garage include Range Rover Vogue priced at Rs. 4 crores, Audi A8L, and Mercedes G63 AMG.

5. Amitabh Bachchan – Mercedes-Benz S600

Bollywood Shahenshah Amitabh Bachchan is an actor who is proving himself repeatedly and becoming better at his craft. He continues to surprise people with his acting finesse. He owns a Mercedes-Benz S600 that costs Rs. 10.50 crores. His next most expensive buy is the Rolls Royce Phantom which costs Rs. 8 crores. He also has the Lamborghini Murcielago that costs Rs. 4 crores. Apart from this, he has many other fantastic cars standing in his garage.

6. Ajay Devgn – Rolls Royce Cullinan

Ajay Devgn is a powerful performer who also has a love for luxury cars. His most expensive purchase is the Rolls Royce Cullinan which costs approximately Rs. 6.95 crore. His other cars include the Range Rover Vogue priced at Rs. 4 crores, a Maserati Quattroporte priced at Rs. 2.2 crores, and a Mercedes-Benz S-Class priced at Rs. 1 crore. He also owns a BMW Z4 that is worth Rs. 89 lakhs.

7. Sanjay Dutt – Ferrari 599

Despite being surrounded by controversies for a long time, Sanjay Dutt has proven that no one can stop him from becoming a great actor. He continues to captivate audiences with his acting chops. He has a good collection of luxury cars in Bollywood, and his most expensive buy is the Ferrari 599, priced at Rs. 3.4 crores. His other purchases include Rolls Royce Ghost, Mercedes M-Class, and Audi R8.

8. Hrithik Roshan – Rolls Royce Ghost Series II

Hrithik Roshan has shown that he is a phenomenal actor who is not stopping anytime soon. He has several expensive cars. His most luxurious car is the Rolls Royce Ghost Series II, priced at Rs. 7 crores. He also has the Ferrari 360 Modena priced at Rs. 4.50 crores and Aston Martin Rapide S priced at Rs.3.80 crores. Other luxury vehicles he has in his garage include a Mercedes S500 and Porsche Cayenne.

9. Amir Khan – Mercedes S600

Amir Khan, often called ‘the perfectionist’, has been in the industry for a few decades and never ceases to amaze audiences. He is known to be selective in his movie roles and is just as picky about his car collection. Mercedes-Benz Maybach S600, priced at Rs. 10.50 crores, is his most luxurious car purchase. He owns a Rolls Royce Ghost priced at Rs. 4 crores, Bentley Continental Flying Spur, Range Rover Vogue, and BMW 6-Series GT.

10. Akshay Kumar – Rolls Royce Phantom

Among the list of most bankable and fittest stars in Bollywood, Akshay Kumar has stayed on top for years. He has quite a collection of expensive Bollywood celebrity cars. His most expensive buy is his Rolls Royce Phantom, priced at Rs. 8 crores. He also has the Bentley Continental GT, Ferrari, and Range Rover Vogue in his garage. He also has a Mercedes in his luxury car collection.

11. Saif Ali Khan – Range Rover Sport

Saif Ali Khan has been in Bollywood for three decades now. He is an actor who has proven his mettle by taking up challenging roles. He loves his cars just as much as the Nawab has a nice collection of luxury vehicles and the top one being the Range Rover which costs Rs. 2 crores. Audi R8, Mercedes-Benz S-Class, and Jeep Grand Cherokee SRT are other cars in his possession.

12. Salman Khan – Range Rover Vogue

Salman Khan, or Bhai as his fans love to call him, has been in the industry for quite a long time. He has been at the centre of many controversies but those have not diminished his star power. He is known for spending lavishly. His cars are no exception. His most expensive car is his Range Rover Vogue, priced at Rs. 4 crores, his Audi R8, priced at Rs. 2.47 crores and Lexus LX570, priced at Rs. 2.30 crores. He also owns a BMW X6.

13. Ranveer Singh – Aston Martin Sports Car

Ranveer Singh has climbed the ladder to success quickly because of his quirky personality and choosing challenging roles that showcased his talent. He is also the owner of some of the best Bollywood celebrity cars. The most expensive car he owns is the Aston Martin Sports Car which has a price tag of Rs. 8 crores. His other cars include Lamborghini Urus Pearl Capsule, Mercedes-Benz Maybach GLS 600, and Jaguar XJL.

14. Shahid Kapoor – Mercedes- Benz Maybach S580

Shahid Kapoor is an actor in high demand due to his performances that continue to win people’s hearts. He is just as passionate when it comes to his cars. His most prized possession is the Mercedes-Benz Maybach S580 priced at Rs. 2.80 crores. His other cars include the Mercedes GL Class, Jaguar XKR, Porsche Cayenne GTS, Mercedes ML-Class, Range Rover Vogue, and Mercedes AMG S400.

15. Deepika Padukone – Mercedes-Benz Maybach S500

One of the highest-paid actresses in the Bollywood industry, Deepika Padukone has shown that perseverance pays off. She has also made a mark in Hollywood and continues to enthrall audiences with her acting skills. She is also known for her classy car collection. Her most expensive car is the Mercedes-Benz Maybach S500 priced at Rs. 1.86 crore. Her other vehicles include a Mini Cooper, BMW 5-Series, Audi A8L, and Audi Q7.

Factors celebrities consider before buying car insurance

Celebrities need to consider a range of factors when they are choosing car insurance.

Privacy

Celebrities prefer to keep their insurance-related information a secret from the public eye. It is why they are more likely to choose an insurance provider who values their privacy. All insurance-related information is kept safe from the media.

Comprehensive coverage

Celebrity vehicles can get damaged from non-collision-related events such as natural calamities, vandalism, terrorism, and theft. It is why many celebrities opt for the best comprehensive coverage that protects them financially.

Personal injury protection (PIP) coverage

The protection of the driver and all the passengers in a vehicle accident is vital. Personal injury protection coverage provides aid in covering costs arising from an accident such as medical care for treatment of the injured parties.

Customisation

Celebrities often have specific requirements about their lifestyle. They may require certain modifications for their car. They often need coverage that protects them when they travel too. Celebrities will look for an insurer that provides all the customisation they need.

Uninsured/underinsured motorist coverage

Celebrities choose this coverage to protect them when the at-fault party does not have sufficient insurance or has not purchased insurance at all. This coverage pays for medical expenses and property damage.

Best celebrity car insurance Plans

The following are the three major types of celebrity car insurance.

Third-party liability cover

This insurance cover includes the hospitalization costs and treatment costs of the third party. It also covers the repair costs and replacement costs of the third-party vehicle. If the third party dies as a result of the collision, this provides cover for that too.

Own damage cover

Own damage cover protects celebrities if their car is stolen or damaged due to theft, bad weather, fire, violence, and man-made events. It also covers any loss of belongings due to an accident or loss of certain car parts.

Comprehensive cover

Celebrities often choose this cover as it provides the benefits of the own damage cover and third-party liability cover. It provides maximum protection and it can be further enhanced by purchasing riders or add-ons for specific coverage.

Key takeaways

Celebrities, just like the regular folk, are required by law to insure all their vehicles. As many celebrities in India own sports cars, rare cars, or luxury cars, their insurance premiums are high. The common types of insurance include comprehensive, third-party, and own damage coverage. Celebrities consider the liability limit, comprehensiveness of coverage, customisation, and privacy when selecting car insurance.

FAQs

Is celebrity car insurance different from what a regular person can buy?

Insurance for celebrity cars is similar to regular car insurance. The only difference is that celebrity car insurance often comes with a much higher premium due to several factors; the higher cost of the vehicle, the need for riders, etc.

Can anyone purchase celebrity car insurance?

It depends on the insurance provider and whether you fit the celebrity status. If you are considered a celebrity, you can purchase celebrity car insurance.

How are premiums calculated in celebrity car insurance?

Celebrity car insurance premiums are calculated similarly to regular car insurance premiums. Numerous factors are taken into account when computing insurance premiums. Risky celebrity drivers will have much higher premiums than those considered safe drivers.

Is celebrity car insurance more expensive than regular car insurance?

Yes, celebrity car insurance is more expensive than regular car insurance. It is because celebrities own luxury cars and require more insurance coverage which drives their premiums higher.

How do celebrities purchase car insurance?

Celebrities do not directly purchase car insurance as their managers do it on their behalf. The managers contact specific car insurance companies that cater to celebrities and choose a car insurance plan that suits their needs.

What type of car insurance do celebrities buy?

Celebrities tend to buy comprehensive car insurance. Depending on their requirements, they may opt for add-ons that provide specific coverage like roadside assistance cover, zero depreciation cover, and engine protection cover.

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