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M3 insurance via LV, good grief...!

M3 insurance via LV, good grief...!

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AngryApples

Original Poster:

5,441 posts

177 months

Thursday 11th October 2012
quotequote all
Had occasion to change my insurance details (needed my stepfather added to my policy).

I was with SwiftCover and when I attempted to add him (70 years old, retired, no claims, no convictions) they wouldnt touch him.

So, went on to LV.com and got him added to the policy, a £250 lower excess and £325/year instead of £670!!

I'm 40, live near Bristol, with good no claims but 3 points from a SP50 just over 3 years ago.

Deva Link

26,934 posts

157 months

Thursday 11th October 2012
quotequote all
Not an M3, but I have both our cars, including my Merc, with LV= at really good rates.

However their premiums seem so completely random I've stopped recommending them. Apparantly similar people/cars/areas get dramatically different quotes.

One thing: If the policyholder or family has any random connection to the Civil Service, BT etc, then they can join CSMA (Civil Service Motoring Association) and the premium drops again through LV's arm Frizzell.


Did they insist on a Tracker with your car?

phelix

2,898 posts

161 months

Thursday 11th October 2012
quotequote all
Are you sure they're quoted you for an M3 and not a 318i ?!

LV were significantly higher than average for my M5 - £900/year instead of the typical £600. I'm over 40, no points/accidents/claims, 12K miles/year with Class 1 business use.


Deva Link

26,934 posts

157 months

Thursday 11th October 2012
quotequote all
Do have a good look at the paperwork - moved my daughter's car to them a couple of years ago and they set the policy up for the previous year!

mmm-five

6,573 posts

196 months

Thursday 11th October 2012
quotequote all
Deva Link said:
One thing: If the policyholder or family has any random connection to the Civil Service, BT etc, then they can join CSMA (Civil Service Motoring Association) and the premium drops again through LV's arm Frizzell.
Although when I last tried that it was 10% MORE expensive.
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Deva Link

26,934 posts

157 months

Thursday 11th October 2012
quotequote all
mmm-five said:
Although when I last tried that it was 10% MORE expensive.
Oh. That's worth checking, thanks.

It might just be the randomness of LV's pricing though. If you delete cookies and use a different email address you can do the same quote again and it'll sometimes come up with a different price.

Of all the companies I've used though, they're the only ones where the renewal quote seems to be cheaper than getting a quote as a new customer. The yearly battles with Adniral and Bell on the kid's cars got very wearing.

muckymotor

1,499 posts

133 months

Thursday 11th October 2012
quotequote all
I'm with LV for my m coupe. When I first insured the car with them the price was £330 which I thought was good. The renewal came through this year at £239 which took a few seconds to sink in after which I checked the paperwork very carefully smile

TX1

1,330 posts

95 months

Thursday 11th October 2012
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I spent about 5 years with Swiftcover and they used to be reasonably priced however two years ago their prices escalated.

shibby!

814 posts

110 months

Thursday 11th October 2012
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Thats a good quote, i got mine down to 450 with elephant (im 29)


Years ago, i bought a 205 Gti, insured it at a bargain price, i was so happy.... the documents came through, it was down as a gentry (whatever the hell that was) Was not impressed!

Le Sarthe

462 posts

126 months

Thursday 11th October 2012
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I live near bristol good NCB and now clean Swiftcover was the cheapest I could get at £650 - LV was £1200....

BalhamBadger

1,123 posts

85 months

Friday 12th October 2012
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I'm just outside Bristol - insurance on my e46 m3 is £740 with Admiral. I'm 33 but have only had my licence for three years and a car for two.