Insurance - Any recommendations?

[Bincenzo]

Bincenzo said:

You Sir, are a diamond. £790 with zero no claims, £640 with 5 years. That's the beauty of asking the dull question on here, as the majority of the mainstream quotes were closer to £1000. Thanks again chaps, and sorry, again for being dull.....how do I get circumflex on my iPad, I'm intrigued!?

Slarti, do you have to be an AMOC member to get this through Locktons?

[aMb]

I'm paying around £750 with Admiral at the moment, albiet with a slightly larger excess. I have found their premium to be significantly cheaper than other insurers for younger drivers over the past few years for me. Have never had to use them so can't really comment on how good they are, but understand they may not have the best reputation around!

[Slarti]

Bincenzo said:

Slarti, do you have to be an AMOC member to get this through Locktons?

No, they haven't asked me for AMOC membership, although they make lots of references to AMOC.

[CraigV12V]

Just had renewal through from Locktons; £1,372 with their max 20% NCB, 5,000 miles and car valued at £135k which is probably £30k too much. Looking at these posts I think its time to do some surfing!

[Jockman]

CraigV12V said:

Just had renewal through from Locktons; £1,372 with their max 20% NCB, 5,000 miles and car valued at £135k which is probably £30k too much. Looking at these posts I think its time to do some surfing!

Why would they value your car at that level after 12 months Craig

I was with Locktons Chubb Policy last year and the premium was excellent for a very comprehensive policy.

Like all other companies they will rely on apathy from existing customers to fund competitive rates for new customers. I'm now with Admiral multi car for a less comprehensive policy but one that ticks all the boxes that I need ticking. They too will get the boot if they are not competitive next March

[George H]

Jockman said:

I'm now with Admiral multi car for a less comprehensive policy but one that ticks all the boxes that I need ticking. They too will get the boot if they are not competitive next March

My experiences of Admiral renewals are that they will send you an utterly ridiculous price to start with. Then if you go and get a new quote online, it will be similar to what you've been paying the previous year. They will then match the new quote. A pain but I'm sure you will be willing to do it to save a bit of money Phil

I suspect they do it on the off chance a stupid person will pay it without questioning why.

[DB9 Ian P]

CraigV12V said:

Just had renewal through from Locktons; £1,372 with their max 20% NCB, 5,000 miles and car valued at £135k which is probably £30k too much. Looking at these posts I think its time to do some surfing!

I guess that will be the value that you insured it for last year. In reality what you are buying is a classic car policy where values of the car remain the same or appreciate - something which is unknown to us modern day owners. It is a continuing policy so it is incumbent upon you to set the value that you are comfortable with - if you reduce the value down the premium will be cheaper. You can either have the car valued and have an agreed value or set the value yourself having looked at the various websites to set the price. I have been with them for three years now and each year valued the car at an appropriate level and got them to requote.

[CraigV12V]

DB9 Ian P said:

CraigV12V said:

Just had renewal through from Locktons; £1,372 with their max 20% NCB, 5,000 miles and car valued at £135k which is probably £30k too much. Looking at these posts I think its time to do some surfing!

I guess that will be the value that you insured it for last year. In reality what you are buying is a classic car policy where values of the car remain the same or appreciate - something which is unknown to us modern day owners. It is a continuing policy so it is incumbent upon you to set the value that you are comfortable with - if you reduce the value down the premium will be cheaper. You can either have the car valued and have an agreed value or set the value yourself having looked at the various websites to set the price. I have been with them for three years now and each year valued the car at an appropriate level and got them to requote.

I have sent Lockton some revisions to the details including the price which I think should be circa £100k for a 2012 V12V Carbon Black with similar mileage. we'll see what they come up with. Spent morning surfing and fired details off to a few brokers. Best so far is Go Compare which hooked me up with a £962 quote (with £500 voluntary excess which goes up to £1,105 at £250 excess), via Bell from Admiral.

[DB9 Ian P]

CraigV12V said:

I have sent Lockton some revisions to the details including the price which I think should be circa £100k for a 2012 V12V Carbon Black with similar mileage. we'll see what they come up with. Spent morning surfing and fired details off to a few brokers. Best so far is Go Compare which hooked me up with a £962 quote (with £500 voluntary excess which goes up to £1,105 at £250 excess), via Bell from Admiral.

I would imagine Locktons will quote around £1,015 on the basis of their last quote.

[hunt_the_fox]

Wow, reading some of these I am amazed at my payment through Admiral.

I'm 36, 10 yrs + NCB, DB9, parked on the street in SE London- £750.

I should add that I have found admiral very good, when I had a shunt (not my fault) in my old 911 turbo they sorted me out with a courtesy cars for a few days while it was being fixed- a F430.

Edited by hunt_the_fox on Wednesday 29th August 18:55

[jonby]

As others have testified, Locktons are excellent. They consider most reasonable requests regarding value and you can start with a 5k mile policy then upgrade mid year if necessary to 7.5k or 10k, no hassle. When I recently sold my car, they were quite happy to refund the pro rata amount for what was left of the policy year (more than half the money)

Track days are covered, as is Europe and I may be wrong, but IIRC European breakdown too (not necessary if your car is under AM warranty of course)

It is underwritten by Chubb . You deal with the same few individuals rather than a call centre and they are happy to deal with you by email or phone. so all ways round, it's a first class policy. I think you should theoretically be an AMOC member

But it's not the very cheapest, in particular once your car is valued at 80/100k+, because the only 2 loadings to the premium are mileage and value. Having said that, it's great knowing that if there was a total loss, there would be no haggling over value. If you have a depreciating car, which most modern Astons are, then by definition towards the end of the policy period if you had a loss, the payout would be for more than the car is worth - on a new car, you would tend to insure it for what you paid in the first policy year

I suspect the real benefit comes in the event of a significant loss, which of course we all hope will never happen to us.....

[Riccardino]

If you have never been insured in UK what are they going to apply to you? I do not kno what to put in the online questionnaire to get a quote. I am currently driving cars which are not mine with foreing plates and got an UK driving license last year (I had italian, french and siss driving license for 2more than 25 years before and never lost even one point).
If I take the french insurance certificate for my previous car (no accidents) ould that help?

Thanks

[CraigV12V]

Riccardino said:

If you have never been insured in UK what are they going to apply to you? I do not kno what to put in the online questionnaire to get a quote. I am currently driving cars which are not mine with foreing plates and got an UK driving license last year (I had italian, french and siss driving license for 2more than 25 years before and never lost even one point).
If I take the french insurance certificate for my previous car (no accidents) ould that help?

Thanks

I am sure others might have a different approach but one thing you might do is bullet point of all the facts you can think of that are relevant and send them to a few brokers such as below. I have done this as a matter of course for every insurer that I could put them in front of. As well as everything i could tell them about proposed car, where i live etc I have listed previous sports cars I have owned, price of current cars when bought etc. Brokers in particular will be able to recognise what facts they can use with various insurers. Think this might be best plan as online apps will not be able to factor your unique circumstances.

Adrian Flux
Keith Michaels
Nowell and Richards
Locktons

[Riccardino]

Thanks

[Jockman]

CraigV12V said:

I am sure others might have a different approach but one thing you might do is bullet point of all the facts you can think of that are relevant and send them to a few brokers such as below. I have done this as a matter of course for every insurer that I could put them in front of. As well as everything i could tell them about proposed car, where i live etc I have listed previous sports cars I have owned, price of current cars when bought etc. Brokers in particular will be able to recognise what facts they can use with various insurers. Think this might be best plan as online apps will not be able to factor your unique circumstances.

Adrian Flux
Keith Michaels
Nowell and Richards
Locktons

Nope there is no real different approach Craig me old china. The search engines are suitable for the generic and standard appraisals but you do need a broker for this kind of thing. Bonne chance

[Bincenzo]

Rather disappointingly, Locktons won't insure me because I'm a Member of Her Majesty's Armed Forces. Thanks for your support, makes me feel very wanted and I'm sure there's a good reason for disadvantaging people who choose to do what I do for a living, after all, we only risk our own lives for the security of the nation. If anyone from Locktons reads this I'd be delighted to hear from them.

[snuffy]

I used to have my Esprit and then Noble insured on a classic policy (i.e. No NCB used) with ClassicLine and the Hagerty. I will try them again for my new V8V when its renewal time at the start of next year. You could give those two a try - I don't know if they think someone might take a pot-shot at you whilst driving in the UK

[Riccardino]

Bincenzo said:

Rather disappointingly, Locktons won't insure me because I'm a Member of Her Majesty's Armed Forces. Thanks for your support, makes me feel very wanted and I'm sure there's a good reason for disadvantaging people who choose to do what I do for a living, after all, we only risk our own lives for the security of the nation. If anyone from Locktons reads this I'd be delighted to hear from them.

Do not really understand whyand it would be interesting to understand the reason
Are you going to drive it in warzone areas? Do you ant to install the optional machine gun?

Edited by Riccardino on Thursday 30th August 22:25

[Slarti]

Riccardino said:

Do not really understand whyand it would be interesting to understand the reason
Are you going to drive it in warzone areas? Do you ant to install the optional machine gun?

Edited by Riccardino on Thursday 30th August 22:25

You mean you've never been in a high powered sports car with a shell shocked driver???

[yeti]

Bincenzo said:

Rather disappointingly, Locktons won't insure me because I'm a Member of Her Majesty's Armed Forces

That's absolutely outrageous. I would be asking their customer services why not? Just seems like discrimination - why are armed forces a higher risk for driving..? Life insurance... Sure, but cars??