F10 M5 - insurer insists on cat 5 tracker

F10 M5 - insurer insists on cat 5 tracker

Author
Discussion

paulmc

246 posts

206 months

Monday 10th March 2014
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Yes. New M5 july last year.

threeReefs

2 posts

115 months

Sunday 28th September 2014
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In case it helps anyone else, I just had exactly the same issue getting my new F10 M5 insured - many insurers' insistence on a Cat5 tracker. I really don't see the point of these : I get that thiefs are going to target your keys, but if I need two pieces of plastic rather than one to get my car started and go out in it, where am I going to keep those two pieces of plastic ? Together. Same place. Both in my jacket pocket, when I'm at a restaurant, or both on the same shelf at home. The notion of having to hide one of them and dig it out each time I use the car is crazy. Ongoing hassle that I really don't need.

So - shopped around and found that Aviva would cover it without any tracker. I'm going to put a Cat-6 one in anyway but Aviva have been great (actually would recommend them as we use them for other cars & home and like them). Privilege said that at my valuation of the car (£80K) they have to refer it to the underwriters and the premium jumped from £360 to £820 (!).

DT398

1,745 posts

148 months

Sunday 28th September 2014
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When has an F10 M5 ever been worth £80k?

Jonny TVR

4,533 posts

281 months

Monday 29th September 2014
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£600 Tesco, 30K miles a year, business/ personal use,44 year old, full NCB, no tracker

Jonny TVR

4,533 posts

281 months

Monday 29th September 2014
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DT398 said:
When has an F10 M5 ever been worth £80k?
boring!

W8PMC

3,345 posts

238 months

Monday 29th September 2014
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Negotiated renewal with Tesco & this year i'll be paying £335. Hardly seems worth it & yes they quoted me happy (after a push).

No tracker needed. No points, protected NCB, 44, clean license & class 1 business use.

Jonny TVR

4,533 posts

281 months

Tuesday 30th September 2014
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W8PMC said:
Negotiated renewal with Tesco & this year i'll be paying £335. Hardly seems worth it & yes they quoted me happy (after a push).

No tracker needed. No points, protected NCB, 44, clean license & class 1 business use.
Wonder why I'm paying £600 as I'm similar to you.

W8PMC

3,345 posts

238 months

Tuesday 30th September 2014
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Jonny TVR said:
Wonder why I'm paying £600 as I'm similar to you.
I'm doing less miles & can is garaged when not being used.

TBH, my renewal from Tesco came through at about £420 & i was about to just accept it but thought i'd better have a mooch at the price comparison sites. Did just that & Tesco came out the cheapest at £335 i think so i called them & they did the right thing & adjusted my auto renewal to the lower figuresmile

BobSaunders

3,031 posts

155 months

Friday 3rd October 2014
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Harris_I said:
??

On an M5? They insisted on a category 5 in my case. (I live in rural Surrey, btw, not Moss Side).
I live two miles off moss side. £800 / no tracker required for my f10.