F10 M5 Insurance
Discussion
I'm having a nightmare with mine.
Existing insurer Direct Line are insisting on tracker.
BMW insurance won't quote.
Tesco are quoting £2k.
Best I've had so far is £760 with Aviva.
I'm 33, 13 years NCB, no claims/accidents at all, SP30 / 3 points incurred 4 years ago, and a very low crime rural postcode.
What are you guys quoting for car value? I'm not sure whether to give them the invoice price (after discount), standard list price or full list price with options. The latter seems most obvious but is greater than £75k which seems to be the cut off point at which many insist on trackers.
Existing insurer Direct Line are insisting on tracker.
BMW insurance won't quote.
Tesco are quoting £2k.
Best I've had so far is £760 with Aviva.
I'm 33, 13 years NCB, no claims/accidents at all, SP30 / 3 points incurred 4 years ago, and a very low crime rural postcode.
What are you guys quoting for car value? I'm not sure whether to give them the invoice price (after discount), standard list price or full list price with options. The latter seems most obvious but is greater than £75k which seems to be the cut off point at which many insist on trackers.
theboss said:
I'm having a nightmare with mine.
Existing insurer Direct Line are insisting on tracker.
BMW insurance won't quote.
Tesco are quoting £2k.
Best I've had so far is £760 with Aviva.
I'm 33, 13 years NCB, no claims/accidents at all, SP30 / 3 points incurred 4 years ago, and a very low crime rural postcode.
What are you guys quoting for car value? I'm not sure whether to give them the invoice price (after discount), standard list price or full list price with options. The latter seems most obvious but is greater than £75k which seems to be the cut off point at which many insist on trackers.
Actually phone direct line up and discuss it. I have had experience with them where they will remove the requirment for a tracker. The person on the other end told me that sometimes their online quotes require a tracker but it is not actually needed. Existing insurer Direct Line are insisting on tracker.
BMW insurance won't quote.
Tesco are quoting £2k.
Best I've had so far is £760 with Aviva.
I'm 33, 13 years NCB, no claims/accidents at all, SP30 / 3 points incurred 4 years ago, and a very low crime rural postcode.
What are you guys quoting for car value? I'm not sure whether to give them the invoice price (after discount), standard list price or full list price with options. The latter seems most obvious but is greater than £75k which seems to be the cut off point at which many insist on trackers.
TheHound said:
theboss said:
I'm having a nightmare with mine.
Existing insurer Direct Line are insisting on tracker.
BMW insurance won't quote.
Tesco are quoting £2k.
Best I've had so far is £760 with Aviva.
I'm 33, 13 years NCB, no claims/accidents at all, SP30 / 3 points incurred 4 years ago, and a very low crime rural postcode.
What are you guys quoting for car value? I'm not sure whether to give them the invoice price (after discount), standard list price or full list price with options. The latter seems most obvious but is greater than £75k which seems to be the cut off point at which many insist on trackers.
Actually phone direct line up and discuss it. I have had experience with them where they will remove the requirment for a tracker. The person on the other end told me that sometimes their online quotes require a tracker but it is not actually needed. Existing insurer Direct Line are insisting on tracker.
BMW insurance won't quote.
Tesco are quoting £2k.
Best I've had so far is £760 with Aviva.
I'm 33, 13 years NCB, no claims/accidents at all, SP30 / 3 points incurred 4 years ago, and a very low crime rural postcode.
What are you guys quoting for car value? I'm not sure whether to give them the invoice price (after discount), standard list price or full list price with options. The latter seems most obvious but is greater than £75k which seems to be the cut off point at which many insist on trackers.
The 'market value' question is a real sticking point - if I provide the price paid for the car (<£75k) I get reasonable quotes. If I provide the list price for the car (>£75k) many of the same insurers won't quote at all. That now goes for Aviva so just talking to them.
Of course we all know that 'market value' now I've put 300 miles on the clock is probably more like £40k
but I'd hate to find the policy invalidated because I didn't give the 'right' answer.Also just nearly had it written off this afternoon by a 'blind' farmer pulling straight out and driving me onto the opposite side of the road.
ETA Aviva won't touch it without a tracker and garaged overnight.
Just got it sorted with direct line.
Amazing how the outcome differs according to who answers the phone.
The guy I just spoke to confirmed that value is determined by price paid rather than list, but also made a note of both on the policy. <£75k means I'm covered with business class 1, no tracker requirement and to my surprise just received a £50 difference refunded for 4 months remaining (previous vehicle E70 40d). This would put my premium somewhere around £450.
Amazing how the outcome differs according to who answers the phone.
The guy I just spoke to confirmed that value is determined by price paid rather than list, but also made a note of both on the policy. <£75k means I'm covered with business class 1, no tracker requirement and to my surprise just received a £50 difference refunded for 4 months remaining (previous vehicle E70 40d). This would put my premium somewhere around £450.
Edited by theboss on Sunday 22 March 15:21
theboss said:
Just got it sorted with direct line.
Amazing how the outcome differs according to who answers the phone.
The guy I just spoke to confirmed that value is determined by price paid rather than list, but also made a note of both on the policy. <£75k means I'm covered with business class 1, no tracker requirement and to my surprise just received a £50 difference refunded for 4 months remaining (previous vehicle E70 40d). This would put my premium somewhere around £450.
How did you go on with the optional extras? I left Direct Line because they insisted that any factory fitted option was a modification and put the premium up accordingly, Aviva state that a mod is only something that is put on the car after 1st registration date which is more sensible. Amazing how the outcome differs according to who answers the phone.
The guy I just spoke to confirmed that value is determined by price paid rather than list, but also made a note of both on the policy. <£75k means I'm covered with business class 1, no tracker requirement and to my surprise just received a £50 difference refunded for 4 months remaining (previous vehicle E70 40d). This would put my premium somewhere around £450.
Edited by theboss on Sunday 22 March 15:21
Wills2 said:
theboss said:
Just got it sorted with direct line.
Amazing how the outcome differs according to who answers the phone.
The guy I just spoke to confirmed that value is determined by price paid rather than list, but also made a note of both on the policy. <£75k means I'm covered with business class 1, no tracker requirement and to my surprise just received a £50 difference refunded for 4 months remaining (previous vehicle E70 40d). This would put my premium somewhere around £450.
How did you go on with the optional extras? I left Direct Line because they insisted that any factory fitted option was a modification and put the premium up accordingly, Aviva state that a mod is only something that is put on the car after 1st registration date which is more sensible. Amazing how the outcome differs according to who answers the phone.
The guy I just spoke to confirmed that value is determined by price paid rather than list, but also made a note of both on the policy. <£75k means I'm covered with business class 1, no tracker requirement and to my surprise just received a £50 difference refunded for 4 months remaining (previous vehicle E70 40d). This would put my premium somewhere around £450.
Edited by theboss on Sunday 22 March 15:21
The guy I spoke to earlier was much more on the ball, as well as clarifying the market value issue he also stated categorically that factory fitted options are of no relevance. The car has been declared as having no deviation from 'standard' specifications.
Should have got his name and email... sorry.
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