Best Insurance Company for F10 M5
Best Insurance Company for F10 M5
Author
Discussion

HoHoHo

Original Poster:

15,387 posts

276 months

Thursday 24th October 2013
quotequote all
Well it seems Tesco are out (see my post in the tracker thread)

Aged 50, full no claims, live in a good area, no convictions etc., 12,000 miles pa with a handful of business thrown in - probably a perfect client.

1st Central Insurance (never heard of them!) quoting £435 fully comp
Admiral £483

And a handful of other known companies all around the £500 mark.

I'm not looking for the cheapest, but a good reliable company that be with me if the st hits the fan.

Oh, they're all with no tracker.

Thoughts?

M3greg

220 posts

152 months

Thursday 24th October 2013
quotequote all
FWIW, I just insured myself (aged 35, no accidents or convictions in last 5 years, 15 years no claims, parked on driveway) on a 2008 M3 saloon for £280, including a 26 year old named female driver. That is with Admiral viaConfused.com, with protected no claims etc.

In comparison, my uncle's 535d GT costs him £1100, and he's over 60.

I reckon I got a bargain! :-)

Oh, and no tracker fitted. I tend to trust Admiral, and given the different values of your car and mine, I'd say your about spot on there.

forest172

755 posts

232 months

Thursday 24th October 2013
quotequote all
HoHoHo said:
Well it seems Tesco are out (see my post in the tracker thread)

Aged 50, full no claims, live in a good area, no convictions etc., 12,000 miles pa with a handful of business thrown in - probably a perfect client.

1st Central Insurance (never heard of them!) quoting £435 fully comp
Admiral £483

And a handful of other known companies all around the £500 mark.

I'm not looking for the cheapest, but a good reliable company that be with me if the st hits the fan.

Oh, they're all with no tracker.

Thoughts?
phone tescos, see my policy


HoHoHo

Original Poster:

15,387 posts

276 months

Thursday 24th October 2013
quotequote all
Thanks both, interesting.

W8PMC

3,385 posts

264 months

Friday 25th October 2013
quotequote all
As per the Tracker thread, go via a comparison site (i used compare the market), answer the questions correctly & the best deals appear.

I'm 43, max NCB, class 1 use with 15k miles, clean license, good area, garaged overnight, BMW Finance the legal owner & Tesco (via compare the market) came out well below £400 with the wife added for good measure. The deal from Tesco was £150 cheaper than the next best deal so i did check & double check but to my delight all was correct. It's perfectly possible that with the onset of many performance saloons all being put on the road in the last few months that Tesco have raised there price on M5's & even altered there underwriting criteria but all was good back in September when i took my policy out.

HoHoHo

Original Poster:

15,387 posts

276 months

Friday 25th October 2013
quotequote all
Not sure if my business miles are pushing Tesco out of the frame but I'm getting costs if £1100!

W8PMC

3,385 posts

264 months

Friday 25th October 2013
quotequote all
HoHoHo said:
Not sure if my business miles are pushing Tesco out of the frame but I'm getting costs if £1100!
Can't recall what i put for business miles but it was defo more than private so i think it was 10k business & 5k personal. Either way it's full Class 1 business use on my policy. I'm thinking Tesco have now insured enough M5's so are balancing the risk by altering the underwriting criteria & upping the cost. Makes sense given how cheap they were a few weeks ago.

tali1

5,284 posts

227 months

Friday 25th October 2013
quotequote all
M3greg said:
FWIW, I just insured myself (aged 35, no accidents or convictions in last 5 years, 15 years no claims, parked on driveway) on a 2008 M3 saloon for £280, including a 26 year old named female driver. That is with Admiral viaConfused.com, with protected no claims etc.

In comparison, my uncle's 535d GT costs him £1100, and he's over 60.

I reckon I got a bargain! :-)

Oh, and no tracker fitted. I tend to trust Admiral, and given the different values of your car and mine, I'd say your about spot on there.
Blimey! where does your uncle live? - Beirut?
smile

-Z-

8,054 posts

232 months

Friday 25th October 2013
quotequote all
Just had a quote for £600 from tesco.

30yrs old 5yrs ncd good postcode, seems reasonable to me?

F10 ordered today woooohooooo!

Edited by -Z- on Friday 25th October 15:46

HoHoHo

Original Poster:

15,387 posts

276 months

Friday 25th October 2013
quotequote all
-Z- said:
Just had a quote for £600 from tesco.

30yrs old 5yrs ncd good postcode, seems reasonable to me?

F10 ordered today woooohooooo!

Edited by -Z- on Friday 25th October 15:46
That's good......and bad....

Good quote

Long, long wait ahead!

When is the car due?

-Z-

8,054 posts

232 months

Friday 25th October 2013
quotequote all
HoHoHo said:
That's good......and bad....

Good quote

Long, long wait ahead!

When is the car due?
Initial estimate is Dec/Jan but we will see! Been 6 hours and can't take the wait anymore so good knows how I will cope!

tali1

5,284 posts

227 months

Friday 25th October 2013
quotequote all
I suppose what you gain in cheap insurance you lose out on killer mpg?
(yes i appreciate mpg is not high priority with a v10)

HoHoHo

Original Poster:

15,387 posts

276 months

Friday 25th October 2013
quotequote all
tali1 said:
I suppose what you gain in cheap insurance you lose out on killer mpg?
(yes i appreciate mpg is not high priority with a v10)
This is the F10 V8 TT, not the V10 wink

MPG is slightly better hehe

HoHoHo

Original Poster:

15,387 posts

276 months

Friday 25th October 2013
quotequote all
-Z- said:
HoHoHo said:
That's good......and bad....

Good quote

Long, long wait ahead!

When is the car due?
Initial estimate is Dec/Jan but we will see! Been 6 hours and can't take the wait anymore so good knows how I will cope!
I've been waiting 3 weeks so far with 5 to go, but it feels like 5 years!

-Z-

8,054 posts

232 months

Friday 25th October 2013
quotequote all
Haha at least misery loves company.....

Also, YouTube has run out of F10 videos that I haven't seen frown

We should have a thread dedicated to the agonising wait

jrinns

391 posts

209 months

Friday 25th October 2013
quotequote all
Pick mine up in the morning !

HoHoHo

Original Poster:

15,387 posts

276 months

Friday 25th October 2013
quotequote all
jrinns said:
Pick mine up in the morning !
There's always bloody one furious

Enjoy the experience and don't forget to post some pics.

Mine is 5 weeks tomorrow frown

jrinns

391 posts

209 months

Friday 25th October 2013
quotequote all
Mine was original end of november, jumped right forward :-)

HoHoHo

Original Poster:

15,387 posts

276 months

Friday 25th October 2013
quotequote all
jrinns said:
Mine was original end of november, jumped right forward :-)
WTF frown

When did you place your order?

mondie

644 posts

168 months

Friday 25th October 2013
quotequote all
Our e60 M5 was insured with Tescos for the meager sum of 260 odd quid per year. She is now sold and went to her new owner today. I hope I have done the right thing, not so sure at the moment. We are about 5 weeks from our new F10 on a contract hire so this discussion about Tecso insurance is very relevant to me

Cheers
Simon