Case 1: If you bought a new luxury car
Buying a luxury car is a one-time deal for most owners, thus, you must protect it with comprehensive car insurance to cover both third-party liability and own damage. Appropriate add-ons for luxurious cars are necessary too.
You can get a Zero Depreciation Cover to claim the full value of repairing/replacing its expensive parts. A Return to Invoice Cover will be useful for luxury cars as it ensures that you receive the original invoice value of your car in case of theft or total loss.
An Engine Protection Cover is a must for luxury car since it is an expensive component of the car, and this cover will protect you against all engine and gearbox repairs. Also, it's better to get a consumables cover to cover the replacements cost of lubricants, oils, nuts, bolts, screws, washers, grease, etc.
Case 2: If you own a 7-year-old car that you drive daily
Most car owners tend to ignore the importance of car insurance if you have a 7-year-old car; however, having at least third-party insurance is mandatory from the legal perspective. Since your car is already 7 years old, it is advisable to have own-damage cover to get coverage for repairs or replacement of your car in case of accidents, theft, fire, natural calamities, etc.
Also, getting a comprehensive cover with add-ons like a Roadside Assistance add-on will safeguard you on long road trips if your car breaks down, has a flat tyre or requires towing.
Case 3: If you’ve preserved your grandfather’s car that rarely hit the roads
People keep some things solely for the emotional value attached to them like that car in your family for generations, which is rarely driven but still requires to be insured via at least a third-party coverage policy as per legal requirements. Since you do not drive that car around, you can skip purchasing other add-ons.