How Much is Your Supercar Insurance?
Discussion
Yipper said:
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.
What car are you trying to insure?Some great info on here. Helped to see and benchmark roughly the kind of prices and spread across the ranges.
thecook101 said:
£650 for the F430 - 5000 miles, agreed value, garaged, track cover included
£500 for the 612 - 2000 miles, agreed value, garaged, track cover included
Who is it insured with???£500 for the 612 - 2000 miles, agreed value, garaged, track cover included
My 355 spider is £650 a year with agreed value of 95k 3000 miles a year, in secure car storage.
No track cover though
Ferrari 458 Italia. 41 years old - 10 years + NCB but 2 non fault accident claims in the past two years!
Cheapest quote I could get was £3200 and my wife was not allowed to drive it (one non fault claim was hers) until I met a chap from NFU Mutual.
Now paying £629 fully comp, with wifey on policy and with an agreed value with repair at a main dealer if needed - you'll need to go through a broker I use to get a good deal.
PM me for details
Cheapest quote I could get was £3200 and my wife was not allowed to drive it (one non fault claim was hers) until I met a chap from NFU Mutual.
Now paying £629 fully comp, with wifey on policy and with an agreed value with repair at a main dealer if needed - you'll need to go through a broker I use to get a good deal.
PM me for details
Edited by PrancingHorses on Monday 12th June 14:33
Never you mind said:
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.
We used to have three cars with Admiral, including our 360, a Boxster S and another daily for £800 odd. The 360 is now with AIB for around the same figure alone. Having to use Admiral in the event of a claim on the Ferrari was unthinkable, hence the reluctant but necessary extra expense of the move. The other two were, and still are prepared to take the risk on.They where the cheapest though but in the end I went through AIB.
Never you mind said:
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.
I realise this is a fairly old post, but that's not true. They'll do a lot to pressure you into using their repairer but legally you have the right to choose your own, and with the kind of cars people on this forum tend to have I'd strongly suggest you do. If you ever make a claim and the claims handler tries to convince you otherwise (I've heard they get a bonus if they succeed) ask them to put it in writing, they'll likely back down and if they don't you can report them to the competions commision for anti-competitive behavior (you can do this anyway if you feel like it). The worst they can do is increase your excess, and even that's of dubious legality and if you kick up enough of a fuss they might back down there too. They where the cheapest though but in the end I went through AIB.
Dark85 said:
I realise this is a fairly old post, but that's not true. They'll do a lot to pressure you into using their repairer but legally you have the right to choose your own, and with the kind of cars people on this forum tend to have I'd strongly suggest you do. If you ever make a claim and the claims handler tries to convince you otherwise (I've heard they get a bonus if they succeed) ask them to put it in writing, they'll likely back down and if they don't you can report them to the competions commision for anti-competitive behavior (you can do this anyway if you feel like it). The worst they can do is increase your excess, and even that's of dubious legality and if you kick up enough of a fuss they might back down there too.
If I remember rightly they where rather insistent that it went to one of their repairers. Said something along the lines of if their repairers where cheaper and I wanted it to go my own choice I would have to pay the difference. If your pride and joy has been smashed up due to a non fault/fault claim that last thing you want to do is argue the toss about where it goes.
Never you mind said:
If I remember rightly they where rather insistent that it went to one of their repairers. Said something along the lines of if their repairers where cheaper and I wanted it to go my own choice I would have to pay the difference.
If your pride and joy has been smashed up due to a non fault/fault claim that last thing you want to do is argue the toss about where it goes.
They are often very insistent about it, yes, it doesn't mean they're right. As I say asking for them to put it in writing will often get them to back down and is worth a shot. The exception to this is if it's already in writing in your policy documents (not something you see too often but it's getting more common). Now, there's a piece of legislation about unreasonable terms and conditions, it basically says you can't sign away your rights as a consumer by agreeing to terms that breach those rights but I've not got around to testing if works in this case (or in the case of inflated excesses). It's one of those things I can see a consumer's rights lawyer really getting their teeth into one day, hopefully leading to a PPI like situation of a lot of money going back to consumers. If your pride and joy has been smashed up due to a non fault/fault claim that last thing you want to do is argue the toss about where it goes.
I digress, I can fully understand that after an accident getting into a fight with your insurance company isn't the most appealing prospect but I can also understand wanting your pride and joy looked after by someone you know and/or trust, especially is it will require specialist care. People should know their rights and the insurance company are way out of order deliberately misleading their customers for their own benefit.
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