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Aizle

Original Poster:

12,427 posts

62 months

[news] 
Wednesday 10th October 2012 quote quote all
Evening Munich Lovers

I'm 23, 7 years NCB and IAM. I've had my M5 for 9 months and have done just over 10k in it since (that's not £, yet...)

Admiral were cheapest last year at just a smidgen over £1100 for the insurance. This is on a multicar with 2 others.

They have sent through renewal and it is pretty much the same as last year, which I think is still a great price.

But, does anybody know of any insurers who would consider even quoting? I've called a couple of places and they won't quote due to my age and Group 20/45+ car.

Over to you.

Zebrs

329 posts

79 months

[news] 
Wednesday 10th October 2012 quote quote all
I found Sky very good for my E46, but I am the other side of 30.

Gruber

5,212 posts

101 months

[news] 
Thursday 11th October 2012 quote quote all
Even at the grand old age of 33 last year, the Admiral / Elephant lot were cheapest for my e92 M3, so my guess is you might be best off staying put. But you're right to look into it.

Or you could go down the two car route and look at insuring the M5 on a 5k limited mileage policy as a second car...

Aizle

Original Poster:

12,427 posts

62 months

[news] 
Thursday 11th October 2012 quote quote all
Gruber said:
Even at the grand old age of 33 last year, the Admiral / Elephant lot were cheapest for my e92 M3, so my guess is you might be best off staying put. But you're right to look into it.

Or you could go down the two car route and look at insuring the M5 on a 5k limited mileage policy as a second car...
Is that what you do with the E28?

Gruber

5,212 posts

101 months

[news] 
Thursday 11th October 2012 quote quote all
Aizle said:
Is that what you do with the E28?
yes The e28 is on a 5k mile classic policy for about £190 p.a., if memory serves. The W124 is insured as the main car.

NCB isn't usually taken into account on classic policies, leaving it free for the other one.

Of course, running two cars is seldom cheaper than running one, but you can justify all sorts with creative man maths...

I'm not sure how classic insurers would view the e39, but I'm willing to bet that there are limited mileage, second car policies out there.
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Aizle

Original Poster:

12,427 posts

62 months

[news] 
Thursday 11th October 2012 quote quote all
I'm fantastic at man maths!

Is there a fixed criteria on age for classics or what?

The man maths calculator is out already

Gruber

5,212 posts

101 months

[news] 
Thursday 11th October 2012 quote quote all
Aizle said:
I'm fantastic at man maths!

Is there a fixed criteria on age for classics or what?

The man maths calculator is out already
No fixed criteria as far as I can tell. Some say 20 years, some say 15, whereas others seem only to care about whether it's a cherished second car regardless of age. Some say it has to be garaged, others don't. Some allow business miles, others don't. Just a matter of trawling round them I think.

Others here must have tried it before on the e39, so should be able to point you in the right direction.

spud989

1,371 posts

67 months

[news] 
Thursday 11th October 2012 quote quote all
You'd be best off calling a few brokers - would have thought you could easily get another 100 quid off that.

I'm 26, only 5 NCB, drive, 7k a year, DN3 and my Z4MC is insured for £760 this year - got that after quite a few broker calls! Renewal from last year's company wanted £960 at first (more than the year before).

Edited by spud989 on Friday 19th October 19:52

hygt2

176 posts

66 months

[news] 
Thursday 18th October 2012 quote quote all
Sounds about right but have you given IAM Surety a call for a quote?

Daaaveee

511 posts

110 months

[news] 
Friday 19th October 2012 quote quote all
I agree with the others, Admiral Multicar is cheapest for me on my E60 M5 as a 26 year old with 5 years NCB.

Aizle

Original Poster:

12,427 posts

62 months

[news] 
Friday 19th October 2012 quote quote all
hygt2 said:
Sounds about right but have you given IAM Surety a call for a quote?
Wouldn't they bargepole me touch a with.

Wait a year they said.

tjlazer

438 posts

61 months

[news] 
Friday 19th October 2012 quote quote all
Give them a call to see if they can improve the quote, I did with my renewal and even though I had to add 3 points they dropped the price by 100quid. I think Admiral is great as long as you don't make a claim, at that point it becomes a bit tricky by all accounts...lets us get on the road I guess

Aizle

Original Poster:

12,427 posts

62 months

[news] 
Friday 19th October 2012 quote quote all
Just under a grand, that's a firm result.

Worryingly easy to get money off, I wonder if there is even more if you push.

Clearly they just assume you won't ring up and they gain all that money that they haven't discounted.

Anyway, I'm happy. Sub £1k insurance on a group 20/50 car at 24, schwing!

hygt2

176 posts

66 months

[news] 
Sunday 21st October 2012 quote quote all
Aizle said:
hygt2 said:
Sounds about right but have you given IAM Surety a call for a quote?
Wouldn't they bargepole me touch a with.

Wait a year they said.
That's fair enough - only got IAM Surety on my 6MPS at the moment as they were by far the cheapest at half price of any other brokers and comparison sites. They quoted me some stupid for all my other cars though so I don't really understand how they quote ...

Quinten

809 posts

128 months

[news] 
Tuesday 23rd October 2012 quote quote all
Although I'm not the young 'un I used to be (still a boy racer inside wink), I am pleasantly surprised this year by the quotes I am getting... £130 less than last year, and that is without lifting a phone or anything! I did read something about car insurance quotes being better this year, but £130 saved on £600 is a big drop.

Admiral comes out on top so far, closely followed by Elephant

Dung8

24 posts

80 months

[news] 
Tuesday 30th October 2012 quote quote all
Admiral multicar cheapest for me-or any within that group (elephant)

22yeas old. BMW 1m.

Pip1968

542 posts

91 months

[news] 
Wednesday 31st October 2012 quote quote all
Having sold my e39 M5 of eight years I bought a Mini GP and was told no drivers under 25 will be insured on it and the additional premium for six months was £29. I could not believe it 400bhp (top speed ~170 mph) vs 211bhp (top speed 149mph) and I am over 40 years of age.

What is that all about -?????

Pip

plenty

2,176 posts

73 months

[news] 
Wednesday 31st October 2012 quote quote all
Mine's on a 5k miles classic policy with RH Specialist Insurance, and before that on a similar deal with Classicline. I don't know exactly how much for the E39 as it's part of a multicar policy, but I think around £400. I am far from young, though.

Dung8

24 posts

80 months

[news] 
Wednesday 31st October 2012 quote quote all
Pip1968 said:
Having sold my e39 M5 of eight years I bought a Mini GP and was told no drivers under 25 will be insured on it and the additional premium for six months was £29. I could not believe it 400bhp (top speed ~170 mph) vs 211bhp (top speed 149mph) and I am over 40 years of age.

What is that all about -?????

Pip
Maybe it's the risk associated with that car?
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