Insurance Companies - Porsche Specialists

[John-gicki]

I have been using Carbon Insurance Brokers for the last few years for my 2016 911 991.2 The policy was £480 last year and this year is £1720 with no change in my car or license or other conditions. Apparently, they have changed underwriter and that was the reason given for the price uplift. One of the conditions I valued was repairs using genuine parts.

This thread is a little old so would appreciate the latest thoughts/recommendations on potential insurance companies.

[WickedWizzzard]

Hello all. I am going through the paperwork to buy my first 911, a 997 GTS. And the insurance, oh my, it's all over the place. From just over £1k from Admiral to almost £3k from Porsche (via Carbon), and everything in between (incl Adrian Flux, FootmanJames, etc). The main challenge is that they are very difficult to compare apples-to-apples. Obviously Porsche offers the most and best cover, including guaranteed values, original parts and paint, etc. Admiral, being high-street doesn't offer such. Even AF doesn't as the actual underwriter is AVIVA and it's very clear in their brochure. So I guess I have to decide if the Porsche insurance is really worth such a 2-3x premium over the rest. Am I missing something? Any advice would be much appreciated.

[av185]

If you are going Admiral make sure you disclose ALL options on the car and obviously any modifications too. If you can send a spec sheet with the original car invoice to them that is a good idea.

Other thing with Admiral is to get them to confirm in the event of a claim you are free to take the car to the repairer of your choice for OEM parts including any glass replacement.

[Cheib]

Admiral’s terms used to be that regardless of the specification of the car and you disclosing the full specification they still only paid out a total loss claim based on the value of a standard spec car.

[elisered]

WickedWizzzard said:

Hello all. I am going through the paperwork to buy my first 911, a 997 GTS. And the insurance, oh my, it's all over the place. From just over £1k from Admiral to almost £3k from Porsche (via Carbon), and everything in between (incl Adrian Flux, FootmanJames, etc). The main challenge is that they are very difficult to compare apples-to-apples. Obviously Porsche offers the most and best cover, including guaranteed values, original parts and paint, etc. Admiral, being high-street doesn't offer such. Even AF doesn't as the actual underwriter is AVIVA and it's very clear in their brochure. So I guess I have to decide if the Porsche insurance is really worth such a 2-3x premium over the rest. Am I missing something? Any advice would be much appreciated.

Recently renewed mine - it’s clear from this process that not all policies are equivalent; in my experience cheaper,mainstream insurer policies will not have the same ts & cs as a more expensive enthusiast policy. You can often get a feel for the type of car the broker is used to insuring when you speak to them on the phone.

I have reverted to the latter this year for peace of mind regarding repairs and an agreed value - both my existing policy (the renewal actually went down strangely) and the new one are ultimately underwritten by Aviva. The latter through Lockton Performance who were very easy to deal with.

As mentioned above you should check carefully that you’ve fully bought into the implications of a cheaper policy.

[WickedWizzzard]

elisered said:

Recently renewed mine - it’s clear from this process that not all policies are equivalent; in my experience cheaper,mainstream insurer policies will not have the same ts & cs as a more expensive enthusiast policy. You can often get a feel for the type of car the broker is used to insuring when you speak to them on the phone.

I have reverted to the latter this year for peace of mind regarding repairs and an agreed value - both my existing policy (the renewal actually went down strangely) and the new one are ultimately underwritten by Aviva. The latter through Lockton Performance who were very easy to deal with.

As mentioned above you should check carefully that you’ve fully bought into the implications of a cheaper policy.

Indeed, I have talked to a few of them and you can clearly tell the ones that know more about this. I was surprised, for example, how little understanding or knowledge the people at Adrian Flux had. Manning, on the other hand, totally different story. And Porsche, well, as you would expect.

Thanks all for the tips and advice. Keep'em coming

[SV_WDC]

WickedWizzzard said:

Hello all. I am going through the paperwork to buy my first 911, a 997 GTS. And the insurance, oh my, it's all over the place. From just over £1k from Admiral to almost £3k from Porsche (via Carbon), and everything in between (incl Adrian Flux, FootmanJames, etc). The main challenge is that they are very difficult to compare apples-to-apples. Obviously Porsche offers the most and best cover, including guaranteed values, original parts and paint, etc. Admiral, being high-street doesn't offer such. Even AF doesn't as the actual underwriter is AVIVA and it's very clear in their brochure. So I guess I have to decide if the Porsche insurance is really worth such a 2-3x premium over the rest. Am I missing something? Any advice would be much appreciated.

The apples-to-apples comparison is going to be Admiral vs all mainstream insurers. And then a completely separate comparison with the specialist insurers

Locktons (PCGB insurer), Classicline, Manning, Aviva private clients are some of the ones often mentioned here. These usually offer OEM parts, choice of repairer, approved value, track day - either as standard or add-on

[WickedWizzzard]

SV_WDC said:

The apples-to-apples comparison is going to be Admiral vs all mainstream insurers. And then a completely separate comparison with the specialist insurers

Locktons (PCGB insurer), Classicline, Manning, Aviva private clients are some of the ones often mentioned here. These usually offer OEM parts, choice of repairer, approved value, track day - either as standard or add-on

Very helpful. Thanks! You can tell that until now I have only insured the common budget family car

[arcamalpha]

In my experience, most of the high street insurers also allow choice of repairer. They just charge a higher excess.

[av185]

Several insurers also do not allow a hire car if you opt for your own repairer as opposed to theirs.

[WickedWizzzard]

Went with Hagerty in the end. Good package and price.

[scrounger73]

Just renewed with Admiral. Confirmed that they will allow you to choose your own repair centre although they would like you to use their approved shops. Also they will allow OEM windscreens but there may be a small additional charge.

All in it went up by £211. I can handle that given the state of affairs. It could have been much much worse!