Insurance

[SimonMaidenhead]

Just trying to insure the new toy, and was wondering if £527 (limited to 3000 miles per annum),is a competitive quote. What does everyone else pay and what about coverage for track days?

Cheers Simon

[Graham-P]

Try looking here
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
I'm with Hagerty, 3000 miles, agreed value, track days covered (I think it was 10% of premium)

Graham

[GTWayne]

That is a pretty good price Simon but how much do you have it insured for? Is it agreed value? Does it include breakdown cover ( not a problem if not but will make a difference to quote ).
You will be hard pressed to get track insurance for something like this and I am of the view personally that if you can not afford to 'stack it', then don't 'track it'!

Edited by GTWayne on Thursday 31st May 14:35

[SimonMaidenhead]

Graham, it was Hagerty that gave me that quote, cheers.
Wayne, agreed value of 45k, is that enough? No breakdown cover included, (note to self....take an extra can of petrol with me), and no I can't afford to stack it, but will track it anyway otherwise what's the point of owning it?

[dilley]

I wish mine was that cheap!!!!! cost me £1100!!!!!!!!!

[Graham-P]

It helps if you're an old git. . . . . . .

[actuary]

Hi folks,

Yes, the previous threads give some useful info and the topic reminded me to insure my now built GTR !

For your info, I am now insured with hegarty. For a quote, ask for Marcus (01327 856002), he's a very helpful guy who understands Ultimas and their owners. For info, my details are :

2007 GTR
Agreed value £ 50k
4,000 miles
£ 750 xs (go for this optional higher level of excess, so long as you don't think you're gonna prang it !)
Repairs done to Ultima standard etc
3 free wedding days (more at £ 50 per day)
Premium £ 615

Am also on cover now, pre SVA, so no more worries about the garage going up in flames

Regards

Tony.

[DHGTR]

they also do build up insurance once you have a rolling chassis as well.

what is this an ad for Hegartys - should we ask for even more discount next year.

[GTWayne]

[quote=SimonMaidenhead]Wayne, agreed value of 45k, is that enough?[quote]

I would say no Simon, did you not say that you have all of the receipts for the parts? Don't forget to allow for the cost of rebuild too.
With regards to tracking and stacking, game on old man! A modicum of insanity is most definitely an advantage where Ultima ownership is concerned although most affectionately call it 'eccentricity'

[Thevet]

Just avoid Adrian Flux and NIG insurance at all costs....useless tw.ts

[T-Rev]

Another firm to consider...
Competition Car Insurance - 0115 941 5255 talk to Wayne
Mine Ultima insurance cost £331 with £250 XS and at a value of £35k limited to 4,000 miles, track day cover is extra at £75 to £130 per event depending on venue and organisor? Hagerty's came a very close 2nd and included 4 track days! Oh, and I'm not that old?
Hope this helps.

[dilley]

that is cheap, how old are you?????

[T-Rev]

Fourty-something, still young as far as I'm concerned! The wife is just a tad older than me which makes me feel a bit better. Still just a big kid or boy racer at heart?

[dilley]

im 27, that is the problem!!!!

[GTRMikie]

Thevet said:

Just avoid Adrian Flux and NIG insurance at all costs....useless tw.ts

My 23 year old son's ancient Peugeot 106 was recently written off by an NIG insured lady who pulled out in front of him. Within 3 hours NIG phoned to admit liability and to tell him there was a hire car waiting for him at our local Enterprise rental. He is now driving around in a brand new Corsa SXI (8 miles on the clock at pick up) and is hoping NIG really drag their feet wrt finalising his claim, since he has the car for up to a week after he gets the settlement cheque! NIG may be the pits for some people, but for my son they can do no wrong. The only problem now is how long can we delay the settlement payment. I'm sure the initial figure will be totally unacceptable!

[SimonMaidenhead]

GTRMikie said:

Thevet said:

Just avoid Adrian Flux and NIG insurance at all costs....useless tw.ts

My 23 year old son's ancient Peugeot 106 was recently written off by an NIG insured lady who pulled out in front of him. Within 3 hours NIG phoned to admit liability and to tell him there was a hire car waiting for him at our local Enterprise rental. He is now driving around in a brand new Corsa SXI (8 miles on the clock at pick up) and is hoping NIG really drag their feet wrt finalising his claim, since he has the car for up to a week after he gets the settlement cheque! NIG may be the pits for some people, but for my son they can do no wrong. The only problem now is how long can we delay the settlement payment. I'm sure the initial figure will be totally unacceptable!

Sorry to hear about your sons accident Mike, if it's any consolation I've heard that it's common place to dispute the second offer as well

[Crazy of Cookham]

When is the big day Simon

[SimonMaidenhead]

Big day will be next weekend at the latest, just waiting for a bank transfer from the sale of my car.

Wayne, after taking your advise I've increased the agreed value to £90K for a premium of £888 but with £700 excess.
Track days to be insured subject to an additional £700 excess plus 10% of premium, i.e. £89 per day with a £1400 excess. Worth it? And no I don't intend to stack it, but can never tell when a Lotus may not want to get out of the way

[GTWayne]

^That seems a reasonable quote for agreed value Simon.
I have agreed value to the same amount with an excess of £1K @ £627.00 pa although it is limited millage but has recovery included.

[Daston]

thinking a little ahead here but I am going to be around 25-28 when I will be in a possision to get a GTR would I get a flat F-off from insurance compaines? I am currently 23 and paying £800 fully comp on a 400bhp Supra.