How Much is Your Supercar Insurance?

How Much is Your Supercar Insurance?

Author
Discussion

Yipper

Original Poster:

5,964 posts

89 months

Tuesday 18th April 2017
quotequote all
Quick, unscientific, straw poll.

For those of you with £100-300k of supercar(s), how much are you currently paying for insurance per year?

Not looking for any company names or anything like that. Just how much it cost. Ballpark figures are fine.

Please state whether it is an Admiral-like policy (they pay book-value) or a high-net-worth-type policy (they pay agreed-value).

Had a few quotes through, and they vary wildly, so looking for a quick benchmark of other folks' experiences.

stefan1

977 posts

231 months

Tuesday 18th April 2017
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Typically I pay 1% of insured value, this is based on insuring a number of cars through one insurer (Zurich).

Cheers

simonr100

640 posts

116 months

Tuesday 18th April 2017
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My Mclaren 12c spider costs £1700 pa to insure, insured for £150k.
Aston DB9 costs me £450 to insure and is worth about £40k
Both cars are garaged. Agreed value policy

anonymous-user

53 months

Tuesday 18th April 2017
quotequote all
£650 for the F430 - 5000 miles, agreed value, garaged, track cover included
£500 for the 612 - 2000 miles, agreed value, garaged, track cover included

TonyF

2,300 posts

275 months

Tuesday 18th April 2017
quotequote all
Ferrari 458 spider, 488 gtb and a Bentley gtc V8 £1320 all in with agreed value through Admiral.

Yipper

Original Poster:

5,964 posts

89 months

Tuesday 18th April 2017
quotequote all
Thanks, all. Good stuff.

del mar

2,838 posts

198 months

Tuesday 18th April 2017
quotequote all
For the murci, 550, ghibli cup and a couple of mercs with no real value - £1700 or so with admiral.

The Detomaso is about 1%.


Never you mind

1,507 posts

111 months

Wednesday 19th April 2017
quotequote all
Mine would have been about £1400 through AIB but I shifted the Merc and the little fiat onto the same policy so it's £2200 all in (Wifes only been driving 2 years and she is covered on all but the lambo). Agreed value on the lambo and I can take it to any repairer should the worst happen.

MDL111

6,893 posts

176 months

Wednesday 19th April 2017
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c. 5.500 Euros with a 10k Euro deductible - bloody German insurers - expensive

easytiger123

2,591 posts

208 months

Wednesday 19th April 2017
quotequote all
1% of insured value as others have stated. used to use ZPC now with AIG. All those sort of insurers tend to be pretty similar for cars (but can vary significantly on household contents) in my experience.

alscar

3,969 posts

212 months

Wednesday 19th April 2017
quotequote all
On total values which probably greater than £300k rate is 0.90% - ZPC policy through brokers.
Agreed value and some of the cars have very limited mileage warranties plus tracker warranties etc.

alscar

3,969 posts

212 months

Wednesday 19th April 2017
quotequote all
On total values which probably greater than £300k rate is 0.90% - ZPC policy through brokers.
Agreed value and some of the cars have very limited mileage warranties plus tracker warranties etc.

mike01606

531 posts

148 months

Wednesday 19th April 2017
quotequote all
Comparing insurance can be like comparing clutch wear......too many variables.

Age, experience, points, post code, car, mileage, use, repair costs etc etc.....

You need to call a broker or go compare. You'll get a far better personalised quote than you will on here...so far it's anywhere between £300 and €5500 euro's smile

jakesmith

9,461 posts

170 months

Wednesday 19th April 2017
quotequote all
Not an expensive supercar but was nearly £100k new, my Granturismo cost £280 this year! Surprisingly low given the incredible cost of parts.

Yipper

Original Poster:

5,964 posts

89 months

Wednesday 19th April 2017
quotequote all
Insurance quotes for cars are always all over the place. Calculations for risk can be very subjective, and some insurers either undercut or overprice to their hearts' content. Just in the past week, my quotes have varied wildly from £900 to £3500.

Some great info on here. Helped to see and benchmark roughly the kind of prices and spread across the ranges.

mark seeker

792 posts

206 months

Thursday 20th April 2017
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I found AIB very helpful but due to my situation I went with Mannings.

I'm curious to see people talking about Admiral 'agreed value', I have only ever heard of Admiral 'market value', I'm paying 1.34% of the agreed value.

wayne-unyxt

23 posts

98 months

Saturday 22nd April 2017
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Some great info here...can anyone running a supercar that has track cover built into the policy please let me know who with etc...

Im trying to get cover sorted on a 488GTB, and would like a 4-5k mile p/a policy with cover for 3-4 track days per year. Struggling a bit at the moment so any advice is really appreciated.


ThreesixtyM

258 posts

196 months

Saturday 22nd April 2017
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TonyF said:
Ferrari 458 spider, 488 gtb and a Bentley gtc V8 £1320 all in with agreed value through Admiral.
I had a long conversation with Admiral in 2015 and it turned out they didn't do agreed value, despite noting the vehicles value on the policy. In the event of a total loss they would only pay book, which on the CS 2 years ago was c.£60k. I went elsewhere.
Obviously they may have changed this since.
I live in the middle of nowhere, garaged and 3000 per year for £1100, 20 years NCB.
Guaranteed value £200k.

Edited by ThreesixtyM on Saturday 22 April 10:34

Steven944

116 posts

221 months

Monday 24th April 2017
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Close to pulling the trigger on a multicar policy with Admiral and eager to know if anyone has had any issues?

Never you mind

1,507 posts

111 months

Monday 24th April 2017
quotequote all
Steven944 said:
Close to pulling the trigger on a multicar policy with Admiral and eager to know if anyone has had any issues?
Two things put me off Admiral. 1) No agreed value just market value. 2) They choose where your car goes if it needs bodywork.

They where the cheapest though but in the end I went through AIB.