S2 Exige Insurance - Specialist or mainstream?

S2 Exige Insurance - Specialist or mainstream?

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Discussion

Gad-Westy

Original Poster:

14,521 posts

212 months

Wednesday 4th December 2019
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Been trying to arrange insurance for the imminent arrival of an S2 Exige. It's a second car for me. A toy basically. In the past for stuff like this, I've always used specialist insurers, limited mileage policies etc and it's always been cost effective and generally a better experience. However, so far, the quotes I'm getting back at present are coming in at near double what I'm being quoted from some the likes of Admiral/Esure etc. In the face of that, is there any point me even considering the specialists? No track cover and no agreed value on any of the policies for what it's worth. Only mod is an exhaust.

Composite Guru

2,205 posts

202 months

Wednesday 4th December 2019
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I have always used Aviva for my S3 220 Cup. Had bad experiences with brokers in the past so stay clear nowadays.

The only mod is an exhaust too and costs me around £350 a year limited to 4k miles a year.

zasker

550 posts

203 months

Wednesday 4th December 2019
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Been down the route of Adrian Flux, Henderson Taylor and REIS previously but I've been using Hastings Direct for the last few years. Car is S2 Exige S RGB, I check on line every year as thier renewals are always excessive but have always bettered the online quote when you phone them. Currently paying just under £300.00

gareth h

3,504 posts

229 months

Wednesday 4th December 2019
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Hastings are cheap, but if you need to contact them they are a nightmare, I’ve spent hours holding to speak with customer services , they’ve just declined to transfer my bike insurance from BMW to a Ducati, as the policy is 6.5 months old they won’t provide any kind on pro-rata refund.
My Exige 410 is with LV, premium is £240 with a mileage estimate of 11k, customer services is exceptional, give them a try.

Venisonpie

3,231 posts

81 months

Wednesday 4th December 2019
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You really do have to phone around as there seems to be little consistency to risk appetite. Mine has just been renewed with Adrian Flux @£389.00 p/a for 5000 SDP miles parked in West London. Prior to that I've been with Admiral, Quote me happy etc and suddenly they all didn't fancy it despite nothing changing my end - previous premium was £428.

Car is a modded (tubular exhaust/ TRD airbox) 2014 Elise 220.

Tickle

4,881 posts

203 months

Friday 6th December 2019
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Mary Singleton at Reis insurance is great with Lotus, especially as second policies. I switched from Adrian Flux a few years ago to Reis. Worth a call.

kiethton

13,883 posts

179 months

Friday 6th December 2019
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I use Hiscox (via Peter Best) for mine and was relatively cost effective, cheaper (for me) than Admiral etal but still a little more than Flux

itcaptainslow

3,694 posts

135 months

Friday 6th December 2019
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Tickle said:
Mary Singleton at Reis insurance is great with Lotus, especially as second policies. I switched from Adrian Flux a few years ago to Reis. Worth a call.
I echo this, they’ve always been spot on for me, apart from one small grumble (they wouldn’t include track time at a Sunday Service as one of my track days).

MrVert

4,394 posts

238 months

Friday 6th December 2019
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Have you tried Henderson Taylor? Our S1 Elise costs £350 but includes 5 track days insurance so makes it fantastic value.

Speak to Matthew 0161 437 7442 thumbup

Gad-Westy

Original Poster:

14,521 posts

212 months

Friday 6th December 2019
quotequote all
Cheers. I've been through all the suggestions and many more.
Reis kept coming up as a good option but they were nowhere for me. Nearly £900 and they refused to cover my wife despite her spending plenty of time driving my old Elise.
Cheapest Specialist option was Classic line at £600 ish.

Direct Line are under £300...

I'm a bit gobsmacked by all this to be quite honest.

I'll try the specialists again next yer but this time around it's been a frustration.

Fonzey

2,056 posts

126 months

Friday 6th December 2019
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If you're not doing trackdays I really wouldn't bother with a specialist tbh if the prices are that far out.

For track cover it's a no-brainer, I just renewed with ManningUK for £450 for my S2 Exige and included unlimited trackdays.

G111MDS

316 posts

90 months

Friday 6th December 2019
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We’re on a multi car policy with Elephant. S2 Exige is £250 of the annual premium.

Great cars, you’ll really enjoy it.

av185

18,434 posts

126 months

Friday 6th December 2019
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Try NFU great service very competitive. Have numerous GT Porsches and couple of Ferraris with them.

Go through their local office not their main number you will get a better quote.

HannahThomas

15 posts

73 months

Wednesday 11th December 2019
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I was going to suggest try contacting ClassicLine Insurance, but just spotted you have tried them.

Gad-Westy

Original Poster:

14,521 posts

212 months

Monday 6th March 2023
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Thread resurrection time. When I first created this thread, the Exige was brand new to me and in fairness some of the insurers that I spoke to had said they were often uncompetitive on cars that had just been acquired. But now heading into my fourth year of ownership, once again I was quite keen to go down the route of specialist insurance, mainly for an agreed value policy. And unfortunately, I'm again finding that the specialist insurers are miles more expensive than mainstream options. I'm basically looking at £250 (wtih LV but others are close too) vs £900+ with the three specialists I've had quotes from so far. I'm going to try a few more but I sometimes feel like I'm doing something wrong with specialist/classic car insurance. I see people post on forums about how they're insured for buttons through specialist policies and with some nice perks for doing so. But not this guy!

gareth h

3,504 posts

229 months

Monday 6th March 2023
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Gad-Westy said:
Thread resurrection time. When I first created this thread, the Exige was brand new to me and in fairness some of the insurers that I spoke to had said they were often uncompetitive on cars that had just been acquired. But now heading into my fourth year of ownership, once again I was quite keen to go down the route of specialist insurance, mainly for an agreed value policy. And unfortunately, I'm again finding that the specialist insurers are miles more expensive than mainstream options. I'm basically looking at £250 (wtih LV but others are close too) vs £900+ with the three specialists I've had quotes from so far. I'm going to try a few more but I sometimes feel like I'm doing something wrong with specialist/classic car insurance. I see people post on forums about how they're insured for buttons through specialist policies and with some nice perks for doing so. But not this guy!
The specialists I’ve spoken to seem to restrict mileage to 3-4000, if you can live with that the cost can be quite good, I couldn’t which was why I ended up with LV, although their customer service isn’t what it was.

Gad-Westy

Original Poster:

14,521 posts

212 months

Monday 6th March 2023
quotequote all
gareth h said:
Gad-Westy said:
Thread resurrection time. When I first created this thread, the Exige was brand new to me and in fairness some of the insurers that I spoke to had said they were often uncompetitive on cars that had just been acquired. But now heading into my fourth year of ownership, once again I was quite keen to go down the route of specialist insurance, mainly for an agreed value policy. And unfortunately, I'm again finding that the specialist insurers are miles more expensive than mainstream options. I'm basically looking at £250 (wtih LV but others are close too) vs £900+ with the three specialists I've had quotes from so far. I'm going to try a few more but I sometimes feel like I'm doing something wrong with specialist/classic car insurance. I see people post on forums about how they're insured for buttons through specialist policies and with some nice perks for doing so. But not this guy!
The specialists I’ve spoken to seem to restrict mileage to 3-4000, if you can live with that the cost can be quite good, I couldn’t which was why I ended up with LV, although their customer service isn’t what it was.
I've been setting mileage at 3000 pa. There must be some reason why they don't like me but I have no idea what!

oxnop

145 posts

140 months

Monday 6th March 2023
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I recently bought an Elise Cup

It’s a weekend toy

I’m 38. Have other cars so only had 2yrs NCB for this one

M&S were the cheapest at £520 and for 3k miles

The broker I use for these types of cars was nowhere near this

keo

2,022 posts

169 months

Tuesday 7th March 2023
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I also struggled to get cheap quotes on my Exige. I am on a multi car policy with admiral. I do 20k miles a year for work in my other car even though it’s old I think that’s quite expensive because of my mileage.

BertBert

18,955 posts

210 months

Tuesday 7th March 2023
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Gad-Westy said:
Thread resurrection time. When I first created this thread, the Exige was brand new to me and in fairness some of the insurers that I spoke to had said they were often uncompetitive on cars that had just been acquired. But now heading into my fourth year of ownership, once again I was quite keen to go down the route of specialist insurance, mainly for an agreed value policy. And unfortunately, I'm again finding that the specialist insurers are miles more expensive than mainstream options. I'm basically looking at £250 (wtih LV but others are close too) vs £900+ with the three specialists I've had quotes from so far. I'm going to try a few more but I sometimes feel like I'm doing something wrong with specialist/classic car insurance. I see people post on forums about how they're insured for buttons through specialist policies and with some nice perks for doing so. But not this guy!
Just a thought. I have a multi-car policy with Admiral and it seems that they will do agreed value. I was going to use that for a caterham with them, but I upgraded the engine which they didn't like. Depends on your view of Admiral. Longshot, but maybe worth a try?