Your high-value auto deserves a sophisticated policy
Vehicles are selling at higher prices than ever before. In 2016, average vehicle prices increased 3% from 2015 and over 12% since 2011.¹ Higher vehicle prices may be attributed in part due to more sophisticated cars.
Vehicle designs are becoming more complex due to advances in technology that make driving safer, more fuel-efficient and offer more modern comforts. Features such as self-driving cars, smart navigation systems, parking and traffic assist, collision assist, adaptive cruise control, alternative fuels and new lightweight materials are transforming the vehicles we drive and the experience we take away.
These advances may translate to more expensive repairs. The average repair cost for automobiles involved in accidents rose 19.3% from 2009 to 2016, and 3.8% from 2015 to 2016.²
These increases may be attributed to:
You put a lot of research and money into finding the perfect vehicle for your family. Expectations are high when it comes to performance, safety and experience. You may consider ensuring that you can replace your vehicle if it is a total loss in an accident.
In addition, when you purchase liability insurance, consider the worst-case scenario and purchase auto insurance to cover that situation. Affluent individuals often require higher liability limits and deductibles than what some mass market carriers might offer.
How Nationwide® Private Client responds
Affluent clients’ auto insurance needs may not be met by most mass-market carriers. You need superior coverage for all your investments and assets, including the vehicles you drive. Nationwide Private Client can write multi-vehicle types, including high-value autos. Some of our key auto policy coverages include:
Take advantage of these great coverages while bundling your auto and home with Nationwide Private Client to save on your premium.
Why Nationwide Private Client
Nationwide Private Client is dedicated to helping protect the assets and reputations of our clients. Our highly personalized insurance products, services and concierge-style claims management are thoughtfully designed to meet the distinctive needs of affluent individuals and families. We are committed to providing you a superior experience whenever you need assistance.
Nationwide Private Client offers these added benefits:
Claims — Exceptional claims handling provided by Nationwide Private Client.
Financial strength — Nationwide, a Fortune 100 company,7 is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A1 by Moody’s and A+ by both A.M. Best and Standard & Poor’s.8
Charitable giving — Nationwide Private Client demonstrates a commitment to local communities through it Partners in Giving program, helping numerous lives each year. This supports Nationwide's belief in being a good corporate citizen where we work and live. Since 2000, the Nationwide Foundation, a nonprofit, private foundation, has contributed more than $400 million to charitable organizations across the U.S.
Read our Risk Solutions Series articles about roadside assistance and teen driver safety at nationwide.com/solutionseries to find out more.