Insurance due, will modify soon...
Discussion
My insurance is due in a few weeks. I've already had a quote from my existing insurer (Churchill) which is £20 less than last year, so happy days there...
Thing is though, I'll soon be modifying my car, but I don't know exactly when, apart from it'll likely be in the next 3 months.
I'm aware that insurance companies tend to charge extortionate fees for amendments to the policy. I would like to avoid this.
I'd also like an agreed value on my car as I'll be spending several thousand pounds, and obviously it would be very upsetting if I spent that money and then some t
t crashed into me, writing the car off (it's happened before).
Best way to proceed? Do I just declare mods I don't have to avoid declaring them later? And presumably I may be better off with a company that specialised in modified cars?
Thing is though, I'll soon be modifying my car, but I don't know exactly when, apart from it'll likely be in the next 3 months.
I'm aware that insurance companies tend to charge extortionate fees for amendments to the policy. I would like to avoid this.
I'd also like an agreed value on my car as I'll be spending several thousand pounds, and obviously it would be very upsetting if I spent that money and then some t
t crashed into me, writing the car off (it's happened before).Best way to proceed? Do I just declare mods I don't have to avoid declaring them later? And presumably I may be better off with a company that specialised in modified cars?
No, I would not declare mods on a car that doesn't have them.
Not sure what the car/mods are, but if at all specialist I would try Keith Michaels / Safely Insured / Greenlight / A-Plan modified etc as they have a better understanding and appreciation for modified or specialist cars. I've found them to be competitively priced too vs standard car with mainstream insurers.
Not sure what the car/mods are, but if at all specialist I would try Keith Michaels / Safely Insured / Greenlight / A-Plan modified etc as they have a better understanding and appreciation for modified or specialist cars. I've found them to be competitively priced too vs standard car with mainstream insurers.
I can't comment on Churchill as I've never used them, but Admiral were surprisingly cheap when I contacted them to add some (basic but performance led) mods to my car. From memory it was a matter of tens of pounds added to the annual premium.
I guess you have two main options:
1) Contact Churchill and prospectively enquire about the premium with mods, explaining that this may happen in coming months (I've heard stories of people not contacting their insurer as themselves, to avoid things being logged preemptively) - and whether they can agree an additional settlement total due to your foreseen outlay
2) Shop around for a modification friendly insurer who will possibly be a bit dearer but should guarantee you're not hit in your pocket if you should be hit on the road, etc
I guess you have two main options:
1) Contact Churchill and prospectively enquire about the premium with mods, explaining that this may happen in coming months (I've heard stories of people not contacting their insurer as themselves, to avoid things being logged preemptively) - and whether they can agree an additional settlement total due to your foreseen outlay
2) Shop around for a modification friendly insurer who will possibly be a bit dearer but should guarantee you're not hit in your pocket if you should be hit on the road, etc
As said above, do not declare modifications that the car does not have.
You have some options:
1) Speak to Churchill and ask them what sort of increase there would be if you did X, Y and Z to the car, but be warey as they may assume the mods are already there.
2) Speak to a mod friendly insurer, again there is a good list just above. Some probably won't touch it until it has been modified of course..
3) Just run with Churchill until you decide to modify, then either tell them or find another insurer to cover you and cancel the existing policy.
I have personal experience with A Plan (now Howden) and Greenlight. I only switched from Howden to Greenlight because of premium. My heavily modified VW is now with Greenlight and the premium for me, given my age, is very good. When I recently increased the BHP, from 150hp to 180hp, the premium increase was £0.00.
You have some options:
1) Speak to Churchill and ask them what sort of increase there would be if you did X, Y and Z to the car, but be warey as they may assume the mods are already there.
2) Speak to a mod friendly insurer, again there is a good list just above. Some probably won't touch it until it has been modified of course..
3) Just run with Churchill until you decide to modify, then either tell them or find another insurer to cover you and cancel the existing policy.
I have personal experience with A Plan (now Howden) and Greenlight. I only switched from Howden to Greenlight because of premium. My heavily modified VW is now with Greenlight and the premium for me, given my age, is very good. When I recently increased the BHP, from 150hp to 180hp, the premium increase was £0.00.
Some specialist insurers (Reis, being one example) offer policies ideally suited to 'rolling projects'. A modified car policy that is open with regards to modifications, normally with some limitations (e.g. a power cap). As long as you let them know what's being done as it happens, there's no additional charge for the term of the policy provided you stay within said limitations. Call around those mentioned in this thread and see what the crack is.
You'd probably be better going with a specialist broker, especially if you're wanting an agreed value policy, don't know exactly for Churchill but for other everyday insurance companies that I used in the past, they'll insure you for having the mods but won't insure for the value of them, or replace them like for like.
I am with "Safely Insured", I just ring them and tell them as I change stuff, with the LSD It was a month off renewal so I just rang and renewed it a bit early.
They are pretty good, chap I spoke to knew his stuff which makes life easier than trying to explain it to a computer or someone in a call centre whose first language isnt English and doesnt know much about cars.
They are pretty good, chap I spoke to knew his stuff which makes life easier than trying to explain it to a computer or someone in a call centre whose first language isnt English and doesnt know much about cars.
J4CKO said:
I am with "Safely Insured", I just ring them and tell them as I change stuff, with the LSD It was a month off renewal so I just rang and renewed it a bit early.
They are pretty good, chap I spoke to knew his stuff which makes life easier than trying to explain it to a computer or someone in a call centre whose first language isnt English and doesnt know much about cars.
Cheers, I've not heard of them so I'll check them out, they must be alright given how heavily modded your ST is.They are pretty good, chap I spoke to knew his stuff which makes life easier than trying to explain it to a computer or someone in a call centre whose first language isnt English and doesnt know much about cars.
I've always found REIS Motorsport and Markerstudy really good for modified cars. I'd expect you could explain the situation to them and they'd tell you the best way forward. REIS were amazing and with the trackday car through them I insured all the household cars on a group policy for significantly less than insuring them each separately, literally half the cost.
I doubt a mainstream insurer will take too kindly to mods, although it probably depends what they are but I really can't see any of them offering an agreed value!
My 2006 car has modifications so every year I seem to end up getting quotes from the usual offerings like Chris Knott, Adrian Flux, Howdens in Thatcham, Classicline, etc. but none has ever offered an agreed value, and it isn't old enough for the likes of Lancaster, etc.
Probably depends largely on what the car is and what mods are planned.
My 2006 car has modifications so every year I seem to end up getting quotes from the usual offerings like Chris Knott, Adrian Flux, Howdens in Thatcham, Classicline, etc. but none has ever offered an agreed value, and it isn't old enough for the likes of Lancaster, etc.
Probably depends largely on what the car is and what mods are planned.
Mr Tidy said:
but none has ever offered an agreed value, and it isn't old enough for the likes of Lancaster, etc.
Probably depends largely on what the car is and what mods are planned.
Have you asked for one? I have an agreed value with Adrian Flux. I’ve had one for years with them, they did say this year they can’t offer it as an add on (with the hubbub about GAP-esque policies) but with a few amendments, they moved me to an insurer who had agreed value included Probably depends largely on what the car is and what mods are planned.
Forums | General Gassing | Top of Page | What's New | My Stuff