Insurance "fleet" policy
Discussion
At the start of next month, it's insurance renewal time on both my cars. Currently, they are on separate policies - the Ferrari is on the remainder of the classic policy that the 964 was on.
I've obtained quotes from two brokers that I'm happy with (Pace Ward and Nowell & Richards) - they are both with the same insurer (Chaucer) so I think they are both offering the same policy, although with a slightly different price (£65 difference).
However - I mailed N&R to clarify a couple of points, one of which was to check the policy offered NCD protection. They have answered that this policy is "fleet rather than bonus based" and therefore my NCD isn't being used against it.
While this would seem to offer some advantages (I could now buy a 3rd car and either add it to the policy, or have full NCD against it on a separate policy, whichever was cheaper) - I'm a little concerned that my NCD is therefore not being used and will lapse in two years? Which would make it difficult to return to a "normal" policy.
I guess others have policies like this - am I worrying over nothing? Has anybody switched from one of these fleet type policies to a normal NCD one and had a problem with NCD?
Or shall I just accept that I'll always have multiple cars so it's not an issue.....
I've obtained quotes from two brokers that I'm happy with (Pace Ward and Nowell & Richards) - they are both with the same insurer (Chaucer) so I think they are both offering the same policy, although with a slightly different price (£65 difference).
However - I mailed N&R to clarify a couple of points, one of which was to check the policy offered NCD protection. They have answered that this policy is "fleet rather than bonus based" and therefore my NCD isn't being used against it.
While this would seem to offer some advantages (I could now buy a 3rd car and either add it to the policy, or have full NCD against it on a separate policy, whichever was cheaper) - I'm a little concerned that my NCD is therefore not being used and will lapse in two years? Which would make it difficult to return to a "normal" policy.
I guess others have policies like this - am I worrying over nothing? Has anybody switched from one of these fleet type policies to a normal NCD one and had a problem with NCD?
Or shall I just accept that I'll always have multiple cars so it's not an issue.....
I moved from 3 separate policies to an Admiral fleet policy, then to Chaucer's fleet policy for 5 years, and now back to an Admiral fleet policy. Admiral do require bonus details for each vehicle, and were happy to take a letter from Chaucer confirming that all 3 cars had been insured without claim, effectively earning me 5 years ncb on the car that didn't have a full ncb before it moved to Chaucer.
Cheers,
Pete
Cheers,
Pete
Trev450 said:
I too have a Family Fleet policy with Chauncer through Pace Ward and just to confirm something you probably already know,I have been unable to find a more competitive and attentive broker for a number of years now.
They were not the cheapest of the two, which surprised me. They were the first to give me a quote, because they called me last week - because I got a quote from them last year which wasn't competitive. I therefore started the insurance ring-around earlier than I'd planned since I had their quote anyway - and they did appear to be clear winners. However, my current brokers (Nowell & Richards) did know about the Pace Ward quote (although not who it was with), and appear to have beaten it - £1,325 vs £1,392. I will actually pay slightly more because I want the "free" breakdown cover to include home start, which appears to add £24.I guess it's probably worth telling PW I've had a better quote - but unless they beat it by a fair chunk it seems easier to stay with the same broker.
johnny-b said:
I have a multicar policy with Aviva four cars including my 997 all are earning their own NCB I think I pay about £130/month they have a specialist team in Norwich that deals with this not some overseas call centre
I may try Aviva - but every time I've tried them in the past for multicar they give utterly ridiculous quotes - because the classic policy car doesn't have NCD, they just give a quote with 0 years NCD. It was laughable on the 964 - it would be hilarious on the 348......johnny-b said:
When I dealt mine up about three months ago they said it was a new product they were just developing so it might be worth a try, as I said it is a specialist team in Norwich 08081 016 482 so you can actualy discuss things with them.
Good Luck
I did call them - and indeed, they said it's something that has been out since 8th August. Good Luck
The guy was very friendly, and pretty amusing - and the quote was even more than I expected. A mere......... £6,200! Literally £5,000 more than my best quote so far (and, that was with high excess because both my cars apparently attract an additional £500 excess which can't be reduced, and even if I wanted the £6,200 policy it would need referal because the turbo is modded).
It was amusing though - I think the guy giving the quote was even astounded - but at least he appreciated that I have good taste in cars!
From someone in the industry i will advise you that Aviva family fleet policies are ludicrously expensive with not much better cover in place and the standard streamline insurers ie direct line etc. Chaucer are not held with high regard in the industry and are currently being used by Home & Legacy for their motor offering ( soon to be replaced ) and Oak Underwriting . Problem being is their claims service and lack of flexibility for things not normal. The best advice i can give is trying the likes of Hiscox or Chubb , they may be more expensive but offering freedom of choice , amazing flexibility and the best claims service in the industry. If you want to know more let me know.
davek_964 said:
Chaucer actually seem very flexible for "things not normal" - they are aware of my mods, and I know of one highly modified turbo that's insured with them.
I have found them to be very flexible also. Currently have my highly modified track car insured with them with all modifications listed and at an agreed value. Dave - try Symmetry PI on +44 1252 560 550. They've sorted out me, several friends and some others on here.
Not always the cheapest (though they have been for some), but excellent customer service and (more importantly, I reckon) stunning terms. Fully comp on any car, anyone you don't live with fully comp on yours, agreed value etc. Nice to deal with, too.
No affiliations, just that I like them a lot.
Not always the cheapest (though they have been for some), but excellent customer service and (more importantly, I reckon) stunning terms. Fully comp on any car, anyone you don't live with fully comp on yours, agreed value etc. Nice to deal with, too.
No affiliations, just that I like them a lot.
I've just renewed my 'fleet' with Classicline (01455 639000), both Porsches with agreed values and no requirement for trackers or non OEM after market security.
Why did I stay with Classicline ? - their service has been prompt and efficient throughout the year, as I've changed 3 of the vehicles in the last 12 months, and they handled my claim for a replacement windscreen in a professional hassle free manner. And finally, they did not take the p*** with their renewal quote. I also obtained quotes from the likes of Pace Ward, Henderson Taylor et al - none of these could get close to the Classic line quotation.
Why did I stay with Classicline ? - their service has been prompt and efficient throughout the year, as I've changed 3 of the vehicles in the last 12 months, and they handled my claim for a replacement windscreen in a professional hassle free manner. And finally, they did not take the p*** with their renewal quote. I also obtained quotes from the likes of Pace Ward, Henderson Taylor et al - none of these could get close to the Classic line quotation.
I have policies arranged through AON Private Clients (isnt so grand as it sounds!) I have a main car (S65) that has all the NCD history. I have then ensured a 997 G2 Turbo, 993 TruboS, 993 C2, and a 16M all on the same NCB and as each year goes by these cars earn their own NCB in their own right. The total policy for these 5 cars in just short of £3.7k per annum for 5 very high performance cars and they are all the time gaining their own NCB!! AON are worth a try in my opinion.
I have policies arranged through AON Private Clients (isnt so grand as it sounds!) I have a main car (S65) that has all the NCD history. I have then ensured a 997 G2 Turbo, 993 TruboS, 993 C2, and a 16M all on the same NCB and as each year goes by these cars earn their own NCB in their own right. The total policy for these 5 cars in just short of £3.7k per annum for 5 very high performance cars and they are all the time gaining their own NCB!! AON are worth a try in my opinion.
SpeedFreakDave said:
Competition car insurance may be worth a try. I have the lambo, gt3 and gt2 with them.
I dont think I accumulate ncb on each car and I can only do 5k in each BUT I get 15 days of track cover, 5 on each :-) good price too.
Going completely off topic, what a superb collection of vehicles you have in your garage. I dont think I accumulate ncb on each car and I can only do 5k in each BUT I get 15 days of track cover, 5 on each :-) good price too.
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