Insurance: Is this a bit pants?
Discussion
Mate of mine has an E60 M5. I helped him buy it. He lives in Richmond (off street, but no garage).
He's going to Australia for 3 weeks and asked if he could put the car in my garage (Haslemere, lower risk area), and put me on the insurance so I could move it/give it a run.
He called a certain broker that sponsors this site to add me as a named driver and they said "no, it's an M5" to which he said I know what it is, I drive it.
Now I can understand if I was 18, but he didnt even get as far as giving my details. "Nope".
I've owned a fair few performance cars (M5, 997S, Lotuses, TVRs etc etc), have been driving for 20 years, have 9 years NCB, IAM licence, no points and am nearly 39 (older than my mate).
How feckin' stoopid is that?!
He's going to Australia for 3 weeks and asked if he could put the car in my garage (Haslemere, lower risk area), and put me on the insurance so I could move it/give it a run.
He called a certain broker that sponsors this site to add me as a named driver and they said "no, it's an M5" to which he said I know what it is, I drive it.
Now I can understand if I was 18, but he didnt even get as far as giving my details. "Nope".
I've owned a fair few performance cars (M5, 997S, Lotuses, TVRs etc etc), have been driving for 20 years, have 9 years NCB, IAM licence, no points and am nearly 39 (older than my mate).
How feckin' stoopid is that?!
Can't you just keep it in your garage and use it on your own 3rd party insurance? Presuming you are only going to run it round the block to stop anything sticking etc then it shouldn't be a problem. Don't drive it at busy times and don't crash it.
Unless you were planning on giving it some stick and not just warming it up??
Unless you were planning on giving it some stick and not just warming it up??
edo said:
Agreed. I always thought A***** F*** were more flexible than that.
Less extreme than these, but I rang them up for a quote about the Audi, and they informed me that nobody under 20 is allowed anything bigger than a 1.4. About half the engine I have a great quote from Admiral for, then? Cheers 
edo said:
Agreed. I always thought A***** F*** were more flexible than that.
I didn't find them so. I once phoned them after seeing an ad for them in a magazine "specilising in modified car insurance" or something similar, only to be told on the phone they don't insure any modified vehicles.Wonder if they (A.F.) have steered away from that type of insurance cover now? Going more 'upmarket' so to say, rather than a boyracer insurance.
Using Admiral at the moment, multicar policy - had no problem originally insuring both cars but then the missus changed hers mid policy, to a car they don't like to insure so that was an extra £400, so from £35 a month to £70!
Then the spare key got lost outside (by me, doh!), she contacted the insurance who said no problem you've got key cover, £100 toward to cover replacement key and recoding, super, got this done by a Merc dealer to the total of £150, she sent he invoice to Admiral who then swiftly replyed saying that as the keys were recoded and the lost key disabled, but he locks were not changed then the car is now not insured from theft by them! A lock change was £600+ and Merc didn't recommend doing that as the car is keyless entry. Suffice to say we are trying to sort it out but defo never going with Admiral again!
Using Admiral at the moment, multicar policy - had no problem originally insuring both cars but then the missus changed hers mid policy, to a car they don't like to insure so that was an extra £400, so from £35 a month to £70!
Then the spare key got lost outside (by me, doh!), she contacted the insurance who said no problem you've got key cover, £100 toward to cover replacement key and recoding, super, got this done by a Merc dealer to the total of £150, she sent he invoice to Admiral who then swiftly replyed saying that as the keys were recoded and the lost key disabled, but he locks were not changed then the car is now not insured from theft by them! A lock change was £600+ and Merc didn't recommend doing that as the car is keyless entry. Suffice to say we are trying to sort it out but defo never going with Admiral again!
KeyR1 said:
an M5 without experience is probs a big risk for a couple of weeks
Agreed. I owned one for 2 years, as well as a 4.5 TVR, 3 Lotuses (Loti?), 2 3-400 bhp per tonne westfields, an S4, a Cayman S, a 997 911 S, and wait for it a 335d (not mapped) 
Dont have an issue with them qualifying the named driver, but they wouldn't even entertain him adding anyone..
edo said:
Agreed. I always thought A***** F*** were more flexible than that.
I wouldn't piss on them if they were on fire. They wouldn't cover a courtesy car when my modded Astra was in not getting fixed. Ended up spending more on temp. insurance over those few weeks than my annual premium.
t guys, Vauxhall don't modify their 1 litre Corsa Life courtesy cars. So they'd insure a 200hp Astra diesel with VXR brakes, full Bilstein suspension, etc, but not a 60hp POS Corsa.
theboyfold said:
Ahhh the good old AF insurance answer randomiser! I'm yet to work out the formula as to how they work out quotes / answers to questions etc etc...
Me too! Had a renewal quote from them once, another £250 more from the previous year, woman onthe phone said they couldn't budge since that was what it was coming out as. Hung up, immeadiately rang back and funnily enough got through to the same woman who went through a 'fresh' quote with me and got it £50 odd less than previous year! WTF?!PaulG40 said:
Me too! Had a renewal quote from them once, another £250 more from the previous year, woman onthe phone said they couldn't budge since that was what it was coming out as. Hung up, immeadiately rang back and funnily enough got through to the same woman who went through a 'fresh' quote with me and got it £50 odd less than previous year! WTF?!
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