M3 Insurance

[mpwr321bhp]

M3John:


The M3 insurance market seems to a finger in the air guess depending on the day.

[Sambam]

One word of warning, Admiral are cheap until you need to make a claim. I am 5 months down the line on a claim on my Lotus and very close to taking legal action. Incompetent is most definitely a word I would choose for them.

[mark_eire]

I live in Ireland I'm 27 with 8 years NCB, I'm on the hunt for an E46 M3. I've just recently been quoted 920 euro (about £630) fully comp. Not bad, although we get badly stung with road tax here it costs 1350 euro a year for an M3! AAAAGGGGGHHHHH!

[Mroad]

Just a heads up in case you haven't read the small print of any of the Admiral group car insurance policies (so that's Admiral, Elephant and Bell...incidentally they also run confused.com).
If your car is a total loss in an accident (i.e. written off), your policy is instantly cancelled with no refunds of any remaining premium (any outstanding premiums owed to Admiral is taken from your claim payout).
Not too bad if you are only paying a few hundred in premiums but if you are really unlucky you could pay £xxxx for only one days insurance!

This clause is extremely outdated and very few companies run with it any more.

I was with Bell with my M5, I'm now with Aplan who were cheaper anyway. Aplan won't touch any company that run with this clause.

[petrolhead76]

^^^^^

Interesting - I wonder how enforceable that would be in this day and age ?

[Vesuvius 996]

petrolhead76 said:

^^^^^

Interesting - I wonder how enforceable that would be in this day and age ?

1000%

It's in the terms and conditions, so it's enforceable!!

[petrolhead76]

Vesuvius 996 said:

petrolhead76 said:

^^^^^

Interesting - I wonder how enforceable that would be in this day and age ?

1000%

It's in the terms and conditions, so it's enforceable!!

Not neccesarily...if the terms & conditions are judged too unfair on the customer they are not enforceable - i.e. if they stuck into the terms and conditions that they can have your house if you crash your car they wouldn't get away with it, even if you signed up (extreme example but you get what I mean)

Edited by petrolhead76 on Friday 21st December 15:06

[dontfollowme]

I think its fair that if you car is a total loss there is no refund given. It is v harsh if they cancel the acutal policy though.

[Vesuvius 996]

petrolhead76 said:

Vesuvius 996 said:

petrolhead76 said:

^^^^^

Interesting - I wonder how enforceable that would be in this day and age ?

1000%

It's in the terms and conditions, so it's enforceable!!

Not neccesarily...if the terms & conditions are judged too unfair on the customer they are not enforceable - i.e. if they stuck into the terms and conditions that they can have your house if you crash your car they wouldn't get away with it, even if you signed up (extreme example but you get what I mean)

Edited by petrolhead76 on Friday 21st December 15:06

True enough under the Unfair Contract Terms Act - but in this case it would not fall foul of that....