First time insuring a car in 40 years

[Sogra]

So I have been looking for a car to buy in readiness for retirement. Wanted something nice but not usual stuff that I would have had as a company car.

Finally settled on a Maserati Ghibli and went to see one today and thought I best just check insurance cost before I pushed the button.

The insurance is nearly twice the price of a BMW 530D MSport nearly £900 quid.

I have had a company car since I was 20 and I am now 60. The only vehicles I have insured have been my classic car and my motor bikes over the years.

Put in that I have 10 years NCD from company but of course this is on both examples.

Also both similar values to buy.

Any thoughts on how to improve this my thoughts were that as it’s not main stream maybe the Meerkats are not the ones to use.

Whilst the cost is not prohibitive now it’s my money and I will be spending it every year want to get value.

Thanks

[Sogra]

Thanks all.

I think the answer as some have said is to talk to a real person

Whilst parts availability and pricing is a part the major cost of an insurance claim is the cost to other vehicles and people so would have expected given the same driver details it wouldn’t be so far out. I suspect there will be an algorithm somewhere that’s says that kind of car profile is more likely to claim than an other so talking to a proper person looks like the way.

Also,we have a strange post code shared with a less nice area but again would have expected that to apply to a BMW as well.

On the parts front that is the industry I have worked my whole life in both automotive and commercial, all manufacturers have a similar problem with availability I suspect the build quantities of the Ghibli probably impact but not massively.

Thanks all

[Sogra]

TwigtheWonderkid said:

Sogra said:

Put in that I have 10 years NCD from company but of course this is on both examples.

Just ensure before you push the button on whatever quote you get on whatever car you buy, that they are aware that what you have is a letter of claim free driving on a company car and not actual NCD (which is earned by having a policy in your own name and not claiming). You've just been a claim free driver on someone else's policy.

Fair shout. Also just thinking about it I have 20 years accident free on my classic car policy so may be able to use that as NCD, need to check.