Car insurance.... Increase
Discussion
Jobbo said:
Well that's a bit silly since they're factory options, not modifications - find an insurer which views them differently.
If you don't list them down as options on your policy then come a situation car is a write off they only have the base car which they will pay out on. If you elect to exclude the options which enhance its value that's your call but clearly insurance cos want any reason not to pay out as much. sidicks said:
Jobbo said:
Well that's a bit silly since they're factory options, not modifications - find an insurer which views them differently.
Plenty of insurers what to know factory fitted options (for obvious reasons!).
sidicks said:
Plenty of insurers what to know factory fitted options (for obvious reasons!).
It's always struck me as odd, but I've never dealt with an insurer who has wanted to know, and I was careful checking for my Merc as the original buyer put £7K worth of options on it. Once the car is over a year old, so out of the new-for-old replacement cover, options make little difference to the value anyway. Metallic can be a chunky additional cost - over £1000 on my car as it came as part of a package - which insurer would take notice of that being declared? If anything, that should be important as it's harder to repair than flat paint.
Sheepshanks said:
It's always struck me as odd, but I've never dealt with an insurer who has wanted to know, and I was careful checking for my Merc as the original buyer put £7K worth of options on it.
Once the car is over a year old, so out of the new-for-old replacement cover, options make little difference to the value anyway. Metallic can be a chunky additional cost - over £1000 on my car as it came as part of a package - which insurer would take notice of that being declared? If anything, that should be important as it's harder to repair than flat paint.
Well sayOnce the car is over a year old, so out of the new-for-old replacement cover, options make little difference to the value anyway. Metallic can be a chunky additional cost - over £1000 on my car as it came as part of a package - which insurer would take notice of that being declared? If anything, that should be important as it's harder to repair than flat paint.
Leather seats
Heated seats
Electric seats
Automatic
Larger wheels and tyres
Pro navigation some £2.5k
TV
Rear entertainment system
Rear spoiler
Adaptive cruise control
Adaptive headlights
Comfort seats
Automatic parking
Speed limiter/speed awareness
360 degree panoramic parking view
Rear parking camera
Air cooled seats
Massaging seats
Adaptive suspension
5 year full service package
OEM extended warranty
Supaguard
Etc etc
It adds up to be significant extra. Sure if you buy a £12k brand new car options don't really make much difference but on higher end cars the first owner can be rocking those options boxes which is great for used buyers like me.
He doesn't have all those and some are standard anyway (leather, auto box). Just disclose whatever the insurer wants to know. The one time I was asked about options I started the list with smoker's pack and bored them into admitting they didn't care. I use an insurer now which doesn't ask the question.
Jobbo said:
He doesn't have all those and some are standard anyway (leather, auto box). Just disclose whatever the insurer wants to know. The one time I was asked about options I started the list with smoker's pack and bored them into admitting they didn't care. I use an insurer now which doesn't ask the question.
Correct I was simply listing lots of possible options a car could have - my options are listed in my garage profile and I quote these for note on the vehicle insurance. Welshbeef said:
- my options are listed in my garage profile and I quote these for note on the vehicle insurance.
..where you note them as options. Earlier in the thread you said modifications - I wouldn't be surprised if saying the word "modification" to an insurer added 25% to the premium.
I'm not up to date with current premiums, but colleagues in the SE have always been amazed that I only pay £200/yr (with £100 excess) in the NW for my Merc. I'm sure they typically pay in the £4-500 range.
Sheepshanks said:
..where you note them as options.
Earlier in the thread you said modifications - I wouldn't be surprised if saying the word "modification" to an insurer added 25% to the premium.
I'm not up to date with current premiums, but colleagues in the SE have always been amazed that I only pay £200/yr (with £100 excess) in the NW for my Merc. I'm sure they typically pay in the £4-500 range.
Strictly speaking aren't options 'modifications to the vehicle's standard specification' ?Earlier in the thread you said modifications - I wouldn't be surprised if saying the word "modification" to an insurer added 25% to the premium.
I'm not up to date with current premiums, but colleagues in the SE have always been amazed that I only pay £200/yr (with £100 excess) in the NW for my Merc. I'm sure they typically pay in the £4-500 range.
sidicks said:
I think some insurers see it differently.
I'd be interested in knowing which ones as I have been an insurance broker since 1994 and I don't know of one that asks and none of the quote systems have the ability to reference the information. Even if they did they couldn't decline a claim on such grounds.
However there is nearly always an argument regarding value.
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