991 GT3 Insurance
Discussion
Hi Guys,
Insurance coming up and spoke to some. Its getting annoying, as they all get the point of the price and then say ""oh, its been referred"". Why?..
I am an old git of 51 yrs with 9 yrs NCD.
I paid Direct Line £1400 last October. Who do you guys use that know what they are insuring.
TIA..
Insurance coming up and spoke to some. Its getting annoying, as they all get the point of the price and then say ""oh, its been referred"". Why?..
I am an old git of 51 yrs with 9 yrs NCD.
I paid Direct Line £1400 last October. Who do you guys use that know what they are insuring.
TIA..
throt said:
Hi Guys,
Insurance coming up and spoke to some. Its getting annoying, as they all get the point of the price and then say ""oh, its been referred"". Why?..
I am an old git of 51 yrs with 9 yrs NCD.
I paid Direct Line £1400 last October. Who do you guys use that know what they are insuring.
TIA..
Are you on agreed value hence the referral? I would speak to a specialist broker. I use A-Plan and my policy is with Aurum.Insurance coming up and spoke to some. Its getting annoying, as they all get the point of the price and then say ""oh, its been referred"". Why?..
I am an old git of 51 yrs with 9 yrs NCD.
I paid Direct Line £1400 last October. Who do you guys use that know what they are insuring.
TIA..
I use Henderson Taylor.
They seem great. I'm 31 5 years Ncb, on drive parking, £1750 agreed value of £140k. If I even need to add someone on to the insurance it's a fixed amount for a week and always get through to someone within a couple of weeks.
Also includes track day cover for 6 days in the U.K. And Europe. And European travel. I think for 90 days.
Well worth giving them a ring.
http://www.hendersontaylor.co.uk/index.php/contact...
They seem great. I'm 31 5 years Ncb, on drive parking, £1750 agreed value of £140k. If I even need to add someone on to the insurance it's a fixed amount for a week and always get through to someone within a couple of weeks.
Also includes track day cover for 6 days in the U.K. And Europe. And European travel. I think for 90 days.
Well worth giving them a ring.
http://www.hendersontaylor.co.uk/index.php/contact...
Speak to David Auden at Auden associates, he does all of my insurance including my 991 GT3. I am similar age and NCB and pay around £1500 per year for £150k agreed value. That also covers me to drive ANY car fully comp and any driver over 30 to drive my GT3.
Be very aware of insurers who so say are "agreed value" and always ask wha there'd finite on of that is. When I took mine out there were lots of quotes at around £500 stating agreed value. Most would agree to buy a new one or if no longer available would get you the nearest replacement, if they could not get one to match your spec they revert to invoice price paid.
Good luck
Be very aware of insurers who so say are "agreed value" and always ask wha there'd finite on of that is. When I took mine out there were lots of quotes at around £500 stating agreed value. Most would agree to buy a new one or if no longer available would get you the nearest replacement, if they could not get one to match your spec they revert to invoice price paid.
Good luck
FYI, guys.
Insured the 991GT3.2.
53 yr old raspberry here, 10 yrs plus NCB, no accidents or motoring convictions for the past 5 yrs plus. Car on drive for the next 12 months.
Locktons £1740
Direct Line £1771
Aviva, refused insuring it.
Admiral £1100.
All quotes included motor legal cover, medical cover, £550 excess and 4k annual mileage. Comprehensive, obviously.
Insured using a market value of 155k. She cost me 135k new and is now 1 year old..
I chose Admiral.
Insured the 991GT3.2.
53 yr old raspberry here, 10 yrs plus NCB, no accidents or motoring convictions for the past 5 yrs plus. Car on drive for the next 12 months.
Locktons £1740
Direct Line £1771
Aviva, refused insuring it.
Admiral £1100.
All quotes included motor legal cover, medical cover, £550 excess and 4k annual mileage. Comprehensive, obviously.
Insured using a market value of 155k. She cost me 135k new and is now 1 year old..
I chose Admiral.
throt said:
FYI, guys.
Insured the 991GT3.2.
53 yr old raspberry here, 10 yrs plus NCB, no accidents or motoring convictions for the past 5 yrs plus. Car on drive for the next 12 months.
Locktons £1740
Direct Line £1771
Aviva, refused insuring it.
Admiral £1100.
All quotes included motor legal cover, medical cover, £550 excess and 4k annual mileage. Comprehensive, obviously.
Insured using a market value of 155k. She cost me 135k new and is now 1 year old..
I chose Admiral.
Did you try NFU - highly competitive provided you are within their catchment area!? 991.2 GT3 £600Insured the 991GT3.2.
53 yr old raspberry here, 10 yrs plus NCB, no accidents or motoring convictions for the past 5 yrs plus. Car on drive for the next 12 months.
Locktons £1740
Direct Line £1771
Aviva, refused insuring it.
Admiral £1100.
All quotes included motor legal cover, medical cover, £550 excess and 4k annual mileage. Comprehensive, obviously.
Insured using a market value of 155k. She cost me 135k new and is now 1 year old..
I chose Admiral.
Obviously a completely different league of car but I insured an E46 M3 with Admiral and wrote it off just under a year into ownership. Copying and pasting from another thread as I've shared the story before. I'd be very careful about using Admiral for something like a GT3 as I can imagine they will argue hard around the value of the car should the worst happen. If I was you I'd be tempted to cancel Admiral whilst you're in your 14 day cooling off period and going for one of the other options mentioned on this thread.
---
I went through the pain of dealing with Admiral after writing off my E46 M3 earlier this year.
If it does end up being a write-off they will lowball you with the payout offer, they do allow you to buy the car back for 20% of the insurance payout so that could be an option for you if you want to repair it yourself.
I bought my M3 privately about a year prior to writing it off for £8k, it was a good example, high miles but well looked after, and generally E46 M3 values remained stable or potentially went up during the year I owned it. My first offer was £6k and I eventually got them up to I think £7,150. They will tell you they are unable to pay out any price other than the maximum of the three guide prices they receive (from memory Glass's, CAP and Parkers). I think the amount they paid me may have been £100 over those guide prices after they reluctantly agreed to send someone out to inspect the vehicle, who said my car was in better than average condition or something like that).
I then bought the car back for 20% of the £7,150 and sold it at the scrapyard to a M3 breaker who I'd agreed to meet there, making an extra £500.
I was minded to complain to the Ombudsman as I still think they should have paid out more and handled the process badly, but decided just to move on with my life instead.
---
I went through the pain of dealing with Admiral after writing off my E46 M3 earlier this year.
If it does end up being a write-off they will lowball you with the payout offer, they do allow you to buy the car back for 20% of the insurance payout so that could be an option for you if you want to repair it yourself.
I bought my M3 privately about a year prior to writing it off for £8k, it was a good example, high miles but well looked after, and generally E46 M3 values remained stable or potentially went up during the year I owned it. My first offer was £6k and I eventually got them up to I think £7,150. They will tell you they are unable to pay out any price other than the maximum of the three guide prices they receive (from memory Glass's, CAP and Parkers). I think the amount they paid me may have been £100 over those guide prices after they reluctantly agreed to send someone out to inspect the vehicle, who said my car was in better than average condition or something like that).
I then bought the car back for 20% of the £7,150 and sold it at the scrapyard to a M3 breaker who I'd agreed to meet there, making an extra £500.
I was minded to complain to the Ombudsman as I still think they should have paid out more and handled the process badly, but decided just to move on with my life instead.
mackay45 said:
Obviously a completely different league of car but I insured an E46 M3 with Admiral and wrote it off just under a year into ownership. Copying and pasting from another thread as I've shared the story before. I'd be very careful about using Admiral for something like a GT3 as I can imagine they will argue hard around the value of the car should the worst happen. If I was you I'd be tempted to cancel Admiral whilst you're in your 14 day cooling off period and going for one of the other options mentioned on this thread.
---
I went through the pain of dealing with Admiral after writing off my E46 M3 earlier this year.
If it does end up being a write-off they will lowball you with the payout offer, they do allow you to buy the car back for 20% of the insurance payout so that could be an option for you if you want to repair it yourself.
I bought my M3 privately about a year prior to writing it off for £8k, it was a good example, high miles but well looked after, and generally E46 M3 values remained stable or potentially went up during the year I owned it. My first offer was £6k and I eventually got them up to I think £7,150. They will tell you they are unable to pay out any price other than the maximum of the three guide prices they receive (from memory Glass's, CAP and Parkers). I think the amount they paid me may have been £100 over those guide prices after they reluctantly agreed to send someone out to inspect the vehicle, who said my car was in better than average condition or something like that).
I then bought the car back for 20% of the £7,150 and sold it at the scrapyard to a M3 breaker who I'd agreed to meet there, making an extra £500.
I was minded to complain to the Ombudsman as I still think they should have paid out more and handled the process badly, but decided just to move on with my life instead.
If you can provide them with examples of the same year, mileage and condition costing more than £7150 then they will take that into consideration. Many years ago I had an EVO 9 up for sale, it was stolen after someone viewed it (police involved etc stolen to order etc). They sent an investigator out and we had many chats but they quickly had me a loan car as I was stuck, then they checked my driving licence with the DVLA and then they made an offer of more than I was actually selling it for. ---
I went through the pain of dealing with Admiral after writing off my E46 M3 earlier this year.
If it does end up being a write-off they will lowball you with the payout offer, they do allow you to buy the car back for 20% of the insurance payout so that could be an option for you if you want to repair it yourself.
I bought my M3 privately about a year prior to writing it off for £8k, it was a good example, high miles but well looked after, and generally E46 M3 values remained stable or potentially went up during the year I owned it. My first offer was £6k and I eventually got them up to I think £7,150. They will tell you they are unable to pay out any price other than the maximum of the three guide prices they receive (from memory Glass's, CAP and Parkers). I think the amount they paid me may have been £100 over those guide prices after they reluctantly agreed to send someone out to inspect the vehicle, who said my car was in better than average condition or something like that).
I then bought the car back for 20% of the £7,150 and sold it at the scrapyard to a M3 breaker who I'd agreed to meet there, making an extra £500.
I was minded to complain to the Ombudsman as I still think they should have paid out more and handled the process badly, but decided just to move on with my life instead.
I don't think you got a bad deal really.
SV_WDC said:
Did not even know Admiral offered agreed value cover.
Enquired a couple years ago they said it was done on book value. Also Admiral require an extensive list of every single optional extra as they class it a modification. On a Porsche this is almost every aspect of the vehicle
Certainly used to be the case that they required every single option to be listed but payout only based on the value of a base spec car. Sounds like Throt has a better policy though.Enquired a couple years ago they said it was done on book value. Also Admiral require an extensive list of every single optional extra as they class it a modification. On a Porsche this is almost every aspect of the vehicle
I use Zurich Private Client for my GT3...includes three (proper;y rein/recognised) track days.
JayK12 said:
If you can provide them with examples of the same year, mileage and condition costing more than £7150 then they will take that into consideration. Many years ago I had an EVO 9 up for sale, it was stolen after someone viewed it (police involved etc stolen to order etc). They sent an investigator out and we had many chats but they quickly had me a loan car as I was stuck, then they checked my driving licence with the DVLA and then they made an offer of more than I was actually selling it for.
I don't think you got a bad deal really.
I did that and they were having none of it, showed examples of similar spec/age/mileage cars which were all advertised for £9k or so but they weren't interested.I don't think you got a bad deal really.
I guess you win some and you lose some, sounds like they were ok for you but there are plenty of horror stories with them out there (as I'm sure there are for other insurers too).
With the numbers that would be involved here I just don't think it's worth the risk, as Glass's/CAP/Parkers guide prices (which are first port of call) may be as different for GT3s as they were for my M3, given it's a fairly niche car.
I tried to insure my 991.1 GT3 on an Admiral multicar policy at the back end of last year, but they refused to cover it. The problem is that they insist you declare all the manufacturer fitted options, including the Clubsport pack in my case, then the underwriters refused cover on the basis that the car has a rollcage.
Apparently Admiral's underwriters have a blanket policy to refuse to cover cars with rollcages, factory fitted or not, so if you have a CS covered by them at the moment, I would get confirmation in writing that they're ok with the cage.
In the end I went to NFU Mutual, who were an absolute pleasure to deal with, and get great feedback on their performance when paying out claims.
Apparently Admiral's underwriters have a blanket policy to refuse to cover cars with rollcages, factory fitted or not, so if you have a CS covered by them at the moment, I would get confirmation in writing that they're ok with the cage.
In the end I went to NFU Mutual, who were an absolute pleasure to deal with, and get great feedback on their performance when paying out claims.
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