Multi Car Insurance inc McLaren
Discussion
After some advice after receiving my latest insurance renewal quote.
Had been with Aviva for a number of years until the last year when it increased to £3.5K for 3 cars, Cayenne, 5 series and 12C. Changed to Admiral and was £2.9K
I've just had the renewal through and they want £3.9K for Cayenne, Macan and 720s. Previously the 12C was the cheapest of the cars out of the 3 due to limited mileage, this year the quote for the 720 accounts for £2.2K of the total. What is surprising is when I cancelled the insurance for my 12C when I sold it I got a refund virtually equal to the cost to insure the 720 for the remainder of the policy term.
Ideally I'd like to keep all 3 cars on the same insurance or do most insurance their Macs separately to their other cars?
Thanks
Had been with Aviva for a number of years until the last year when it increased to £3.5K for 3 cars, Cayenne, 5 series and 12C. Changed to Admiral and was £2.9K
I've just had the renewal through and they want £3.9K for Cayenne, Macan and 720s. Previously the 12C was the cheapest of the cars out of the 3 due to limited mileage, this year the quote for the 720 accounts for £2.2K of the total. What is surprising is when I cancelled the insurance for my 12C when I sold it I got a refund virtually equal to the cost to insure the 720 for the remainder of the policy term.
Ideally I'd like to keep all 3 cars on the same insurance or do most insurance their Macs separately to their other cars?
Thanks
Thanks for the replies.
Update so far, and basically Admiral are still the cheapest by quite some way and the differences in quotes in considerable.
Tried Aviva last night, as I have been insured with them before. As you can't get a quote on the McLaren online I called them, spent close to an hour going through all the details for them to advise they needed to discuss with an underwriter and they would call me back. They returned the call this morning, went through a lot of details for security checks etc, then spoke to the underwriter who then declined to insure due to new business!!!
AIB are looking at options for me and I should hear more today
LEG - thanks for the details of First Point, talking to them on the phone they seem excellent, however their first quote was between £6.5 to £10K, but they are still looking at it and will call me back. Also very informative on guaranteed values as well.
Update so far, and basically Admiral are still the cheapest by quite some way and the differences in quotes in considerable.
Tried Aviva last night, as I have been insured with them before. As you can't get a quote on the McLaren online I called them, spent close to an hour going through all the details for them to advise they needed to discuss with an underwriter and they would call me back. They returned the call this morning, went through a lot of details for security checks etc, then spoke to the underwriter who then declined to insure due to new business!!!
AIB are looking at options for me and I should hear more today
LEG - thanks for the details of First Point, talking to them on the phone they seem excellent, however their first quote was between £6.5 to £10K, but they are still looking at it and will call me back. Also very informative on guaranteed values as well.
So here is my update after looking for multi car insurance over the last 1 to 2 weeks.
Both First Point and AIB came back with quotes from Chubb although First Point were cheaper by about £800.00. One thing I have learnt from this is the massive difference in the type of insurance when speaking with companies like AIB and First Point. My quotes were based on my 3 cars, Cayenne Turbo, Macan S and 720S all with the following included, which I know you wont get from the main stream insurers;
Fully comp on any car not in household
Anyone can drive my cars as long as they dont live with me, unless named on policy
All vehicles at agreed value, both offered upto 150% of purchase price for when the GT 3 arrives
Business use included
All this is far and above the usual cover you get from Admiral, Aviva etc. and it is great to actually speak with the insurer / broker rather than working with limited restrictions online.
I know a lot of you on PH will already insure cars with companies like the above so will know all this, my update is for the uneducated like myself who use online price checking sites for quotes.
However, by chance in a conversation with my bank manager I found out my bank offers car insurance and they came back cheapest of all by some way, for the 3 cars the cover is £2700 until my home insurance renews, or estimated at £4200.00 for a year. This included the above benefits as well as
Any car bought from new will be replaced within 2 years like for like, no gap insurance required
Fully comp on any other car, although that cost an extra £138.00 and for me only
Legal cover included
Euro cover for 90 days
Choice of garage for repairs
Load car if required, although like the Chubb quote, its cheaper if you accept their standard cars, 3 series / c class etc rather than like for like car
Only downside is they are a little more expensive for the GT 3 when it arrives, guaranteed value etc and same cover as above, was about £2K as I have no NCD to carry over so may use First Point or AIB for this.
Then called Admiral to cancel and they asked was it because of cheaper cover, I told them yes but also because of all the extra benefits but they still tried to get the quote down, sadly only by £500.00
In summary
First Point and AIB are excellent, even though i didnt use them this time round, but I'm glad i found out my bank offers car insurance
Hope some of you may find this useful
Thanks to all for your comments and contacts
Both First Point and AIB came back with quotes from Chubb although First Point were cheaper by about £800.00. One thing I have learnt from this is the massive difference in the type of insurance when speaking with companies like AIB and First Point. My quotes were based on my 3 cars, Cayenne Turbo, Macan S and 720S all with the following included, which I know you wont get from the main stream insurers;
Fully comp on any car not in household
Anyone can drive my cars as long as they dont live with me, unless named on policy
All vehicles at agreed value, both offered upto 150% of purchase price for when the GT 3 arrives
Business use included
All this is far and above the usual cover you get from Admiral, Aviva etc. and it is great to actually speak with the insurer / broker rather than working with limited restrictions online.
I know a lot of you on PH will already insure cars with companies like the above so will know all this, my update is for the uneducated like myself who use online price checking sites for quotes.
However, by chance in a conversation with my bank manager I found out my bank offers car insurance and they came back cheapest of all by some way, for the 3 cars the cover is £2700 until my home insurance renews, or estimated at £4200.00 for a year. This included the above benefits as well as
Any car bought from new will be replaced within 2 years like for like, no gap insurance required
Fully comp on any other car, although that cost an extra £138.00 and for me only
Legal cover included
Euro cover for 90 days
Choice of garage for repairs
Load car if required, although like the Chubb quote, its cheaper if you accept their standard cars, 3 series / c class etc rather than like for like car
Only downside is they are a little more expensive for the GT 3 when it arrives, guaranteed value etc and same cover as above, was about £2K as I have no NCD to carry over so may use First Point or AIB for this.
Then called Admiral to cancel and they asked was it because of cheaper cover, I told them yes but also because of all the extra benefits but they still tried to get the quote down, sadly only by £500.00
In summary
First Point and AIB are excellent, even though i didnt use them this time round, but I'm glad i found out my bank offers car insurance
Hope some of you may find this useful
Thanks to all for your comments and contacts
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