M4 insurance

[Builder Darren]

Hi all first time on M power forum, looking to buy a m4 competition, hopefully next week, does any one have insurance company recommendations as I’m 53 no no claims as on my other car, but get quotes for excess of 1k , thanks I advance Darren

[rotarygoth]

Just reinsured mine with General Accident for £450, admittedly with full NCB but parked on road. Was with Saga last year who gave me a good deal but the renewal was not remotely competitive.

[MikeHo]

Mine was with Aviva about £450 too.

[AndrewO]

You don't say how old it is etc. Is it a new one £80k+ ?

Mate is paying £1k+ on a new M4, mine is half that but then its worth half.

[Builder Darren]

Hi sorry it’s a 2019 at £3750, thanks

[Max Maxasson]

I get decent quotes for my M5 from LV.

[chimera40v8]

Maybe worth asking a couple of them what you could do to reduce premium - i.e. getting a tracker fitted?

[JMBMWM5]

chimera40v8 said:

Maybe worth asking a couple of them what you could do to reduce premium - i.e. getting a tracker fitted?

Add a tracker and annual payments to it and it does not work out well.
Forget trackers they are useless anyway, punt around.

[Builder Darren]

Sorry I meant car is £37500.00, but still had quotes unto £1800, I’ll try again tonight thanks

[liner33]

I’m guessing with no ncb that’s about right, on my g82 I was with BMW for the first year and now with saga

Any option of using the ncb off your other car ?

[Builder Darren]

Unfortunately just renewed that last month and pay for it outright

[AndrewO]

I see you have a Porsche......if they are limited mileage you could stick both with Classicline for about £500pa each.....no ncb required...breakdown inc...trackdays inc...etc.

Maybe cancel the policy you took out if its cheaper to put both with one vendor ?

[Builder Darren]

Hi sorry sold the Porsche and velar, bought the Range Rover ( for wife) and an bmw s 1000rr for myself last year, and obviously looking at 4 wheels again, thanks

[Monkeylegend]

Some insurers will mirror your no claims.

A Plan did this for me on my SL a couple of years ago so might be worth a phone call.

[Builder Darren]

Thanks will try them

[carbonblack]

Speak to Chris Knott and give them a call.

I was in a similar situation with 10+ years NCB and they covered me on a similar price, similar car for a reasonable amount. A bunch of others didn’t even want to know (despite NCB on my other car)

The only thing is watch out who they use as the underwriter - don’t always go with the cheapest and ask who it is, and so your research on them, I am with Highway who are part of LV and the reviews we’re reasonable. Redstar looked crap so I said find another underwriter.

[Builder Darren]

Thanks will have a look this weekend as hopefully picking up car on Tuesday