F10 M5 - insurer insists on cat 5 tracker
Discussion
Need some urgent help guys. Collecting my car on Saturday and having insurance issues. Insurance broker initially confirmed any Thatcham approved tracker should be installed, but subsequently changed that to Thatcham 5. As you may know the jump from 6 to 5 is masssive (5 costs around £800 as opposed to £200).
BMW Financial Services' own insurer can offer me a very reasonable insurance premium providing (again) I install a cat 5 tracker. I find this ironic given that the difference between 6 and 5 is the addition of a driver recognition fob - ie BMW don't believe their own keys are secure enough and therefore insist on cat 5!
Can anyone recommend an insurance firm who can offer me a decent quote without resorting to this ludicrous requirement? I'm willing to fit category 6 or 7. A contact name and number would be most helpful. (BTW, I'm with Chaucer at the moment through Sky Insurance).
BMW Financial Services' own insurer can offer me a very reasonable insurance premium providing (again) I install a cat 5 tracker. I find this ironic given that the difference between 6 and 5 is the addition of a driver recognition fob - ie BMW don't believe their own keys are secure enough and therefore insist on cat 5!
Can anyone recommend an insurance firm who can offer me a decent quote without resorting to this ludicrous requirement? I'm willing to fit category 6 or 7. A contact name and number would be most helpful. (BTW, I'm with Chaucer at the moment through Sky Insurance).
Based on others comments I tried comparethemarket last week.
Got quotes from £303 to £13,000 with at least 10 quotes below £400 but eventually paid about £425 and stayed with my current insurer as I wasn't entirely happy with terms. Tracker wasn't an issue though
Got quotes from £303 to £13,000 with at least 10 quotes below £400 but eventually paid about £425 and stayed with my current insurer as I wasn't entirely happy with terms. Tracker wasn't an issue though
Edited by pjv997 on Thursday 6th March 22:39
2010spy said:
Just went with Tesco today (£388). However, they said that this includes GAP for Year 1 - so can I cancel my ALA Gap Insurance?
No, you need to keep your ALA gap so that once the tesco one runs out your covered.From memory you only have 180 days to obtain gap cover on a new vehicle so if you cancel you won't be able to reinstate.
2010spy said:
Just went with Tesco today (£388). However, they said that this includes GAP for Year 1 - so can I cancel my ALA Gap Insurance?
I thought that ALA insist that you have bought the car within 90 days to give out GAP insurance....so while you may be OK for the first year you may not be able to buy GAP insurance next year if your insurance policy doesn't offer it....OK - thanks for the advice. Will ask them what the score is, but as you say, I suspect you can't do after 90 days - that's the first question they ask. Edit: Just checked and they won't do GAP Insurance after 180 days. Got mine for £212.00 for two years.
Edited by 2010spy on Thursday 6th March 21:39
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