New owner: insurance
Discussion
Worth looking at GAP insurance in case the worst happens as I am sure some of the insurance companies will not payout a full amount.
I used https://www.insurethegap.com
I used https://www.insurethegap.com
basherX said:
Waiting on a quote from Manning. It’s interesting to me that it would seem that “middle aged man who had a sports car before he had kids/mortgage and is now rejoining that field with a weekend toy for SD&P” doesn’t seem to be catered for very well even though I’m sure there are lots of us out there. ...
Unless the motor insurance market has changed considerably during the past 12 months, I cannot understand why you are having difficulties. Direct Line, Saga and Aviva Direct have been mentioned. LV did not want to know when I mentioned it, not that I have used them since their takeover. Used to be very competitive for motor and household, but not now. I don't know whether the comparison sites are of any help. They have helped me for daily drivers, but have never tried my Aston Martin.
Do you perhaps have any aspects that insurers don't like (accidents, claims, convictions). I don't think Berkshire is wild west, or crime ridden.
I should update my profile- we’ve moved to East Sussex. But your comments apply equally.
I don’t want to make more of this than it is. I’ve become a bit spoiled by being able to bung my details into any of the price comparison sites to get a general feel of the market and target a search from there. Doing that in the case results in quotes over £1k with a couple down to £750ish. But those are Admiral budget quotes and I’m not interested based on the reasons given elsewhere above.
So it’s just an old-fashioned ring around which is very much a blast from the past.
I’m very grateful for all the suggestions, which I’ve been following up. I’m sure it’s saved me from many, many wasted calls. Has definitely saved me money. Thank you all.
In terms of my other details, no claims (ever I think for me, certainly within last five years for my wife), no convictions (motoring or otherwise), UK since birth, full UK driving licenses for decades. Etc.
I don’t want to make more of this than it is. I’ve become a bit spoiled by being able to bung my details into any of the price comparison sites to get a general feel of the market and target a search from there. Doing that in the case results in quotes over £1k with a couple down to £750ish. But those are Admiral budget quotes and I’m not interested based on the reasons given elsewhere above.
So it’s just an old-fashioned ring around which is very much a blast from the past.
I’m very grateful for all the suggestions, which I’ve been following up. I’m sure it’s saved me from many, many wasted calls. Has definitely saved me money. Thank you all.
In terms of my other details, no claims (ever I think for me, certainly within last five years for my wife), no convictions (motoring or otherwise), UK since birth, full UK driving licenses for decades. Etc.
basherX said:
Waiting on a quote from Manning. It’s interesting to me that it would seem that “middle aged man who had a sports car before he had kids/mortgage and is now rejoining that field with a weekend toy for SD&P” doesn’t seem to be catered for very well even though I’m sure there are lots of us out there.
It was considerably easier to get meaningful quotes on a thirteen year old TVR second car as a 29 year old in 2006 than it is on a 13 year old Vantage today, accepting that the likely repair costs should the worst happen differ but noting that I’m sure the stats would show the likelihood of such an event to have fallen massively (because I’m an old and fat man now, not an aspiring Schumacher).
I found out that insuring a TVR as a weekend car is a rather different prospect to insuring an Aston as a daily driver. Cost to repair and the extra mileage are the factors I presume. The only 'normal' insurer that arrived in the ballpark was Direct Line but they wanted a tracker. Manning were the same price but only wanted a tracker if value over £75K (it's not) and I got a price over the phone there and then. He did however ask if I'd driven 'similar sorts of cars before' - I said yes, three TVRs and an XK, and he was happy with that. When I later needed to switch cover onto courtesy cars and back again it was quick and easy.It was considerably easier to get meaningful quotes on a thirteen year old TVR second car as a 29 year old in 2006 than it is on a 13 year old Vantage today, accepting that the likely repair costs should the worst happen differ but noting that I’m sure the stats would show the likelihood of such an event to have fallen massively (because I’m an old and fat man now, not an aspiring Schumacher).
A friend of mine, similar profile but no record of 'similar sorts of cars', was unable to get cover to drive it. His insurers wouldn't cover him, neither would Manning or anyone else he tried.
Range Rovers and Ferraris’ in London are getting harder to insure at anything like a “ sensible “ price and with the former most Insurers that will actually quote are also applying deductibles of up to 5% apparently.
Unless you are Katie Price , there are very few cars on the so called “ banned “ list but it then as always becomes the equation of cost v cover and the cheapest policy might well equate to the cheapest claims service should the worst happen.
Unless you are Katie Price , there are very few cars on the so called “ banned “ list but it then as always becomes the equation of cost v cover and the cheapest policy might well equate to the cheapest claims service should the worst happen.
Manning asked the “similar sort of cars” question too. It turns out they had insured my V8S at the end so they knew I’d had that but the cars I’ve had since (a succession of fast Audi/BMW dad-stuff, but not RS or M) doesn’t seem to really cut it. Still, they’re seeing what they can do. Most insurers I’ve spoken to understand the use-case (modern classic second car) but are driven by the algorithm- brokers clearly working best for me.
I’ve got enough options now so it’s just a case of seeing what Mannings come back with if anything and then I’ll proceed!
(And, let’s be honest, if I can bear the purchase price and necessary contingent funds then I’m not going to be deterred by insurance. I’m just professionally indoctrinated to bear down on cost).
I’ve got enough options now so it’s just a case of seeing what Mannings come back with if anything and then I’ll proceed!
(And, let’s be honest, if I can bear the purchase price and necessary contingent funds then I’m not going to be deterred by insurance. I’m just professionally indoctrinated to bear down on cost).
So just tried Saga...seems very competitive, 20% cheaper than Classicline for what appears a very similar level of cover, only worry is Classicline don't actually quote NCB years, anyone have any experience of how Saga view this, and I can't see anything in their small print about trackers, anyone care to comment. 
raceboy said:
So just tried Saga...seems very competitive, 20% cheaper than Classicline for what appears a very similar level of cover, only worry is Classicline don't actually quote NCB years, anyone have any experience of how Saga view this, and I can't see anything in their small print about trackers, anyone care to comment.
Quite a few companies don’t quote NCB - ZPC , Chubb etc ( although those that don’t tend to be the all singing all dancing policies which come at a higher price potentially ). If a Tracker isn’t requested then all well and good unless it provides reassurance to you to have one.
Tracker installation is usually based on value.
Not got a tracker and don't really want one, got to this stage last year with one of the insurance companies via compare the market and just noticed by chance in their small print, 'only covered for theft if tracker fitted' in the small print.
Looks like I might actually have to speak to them on the phone.
Looks like I might actually have to speak to them on the phone.
raceboy said:
Not got a tracker and don't really want one, got to this stage last year with one of the insurance companies via compare the market and just noticed by chance in their small print, 'only covered for theft if tracker fitted' in the small print.
Looks like I might actually have to speak to them on the phone.
That’s really poor of them if not mentioned to you first. Looks like I might actually have to speak to them on the phone.
Just to wrap this up. Insurance sorted via Adrian Flux. Never managed to get a response (even negative) from Manning despite chasing, which was disappointing.
Nonetheless, in FAR more interesting news, it’s pick-up day and I’ve embarked on the five hour train journey to collect.
Difficult to maintain my “hardened commuter” persona when I actually feel like a giddy child
Nonetheless, in FAR more interesting news, it’s pick-up day and I’ve embarked on the five hour train journey to collect.
Difficult to maintain my “hardened commuter” persona when I actually feel like a giddy child
alscar said:
Range Rovers and Ferraris’ in London are getting harder to insure at anything like a “ sensible “ price and with the former most Insurers that will actually quote are also applying deductibles of up to 5% apparently.
Unless you are Katie Price , there are very few cars on the so called “ banned “ list but it then as always becomes the equation of cost v cover and the cheapest policy might well equate to the cheapest claims service should the worst happen.
If you look on the Ferrari section it seems like there are concerns that ways to quickly Ferrari’s security systems have now been found and cars can be taken in very short order. Not an easy one to solve for if you have no option but to leave your car on the street/in public parking. Unless you are Katie Price , there are very few cars on the so called “ banned “ list but it then as always becomes the equation of cost v cover and the cheapest policy might well equate to the cheapest claims service should the worst happen.
My previous insurer advised that they wouldn’t be quoting on my Range Rover a little over a year ago. Even with it being a post-facelift (when JLR claimed to have addressed keyless vulnerabilities) LV’s underwriters were taking a blanket view on all Range Rovers rather than differentiating between those with the new vs old systems.
LooneyTunes said:
If you look on the Ferrari section it seems like there are concerns that ways to quickly Ferrari’s security systems have now been found and cars can be taken in very short order. Not an easy one to solve for if you have no option but to leave your car on the street/in public parking.
My previous insurer advised that they wouldn’t be quoting on my Range Rover a little over a year ago. Even with it being a post-facelift (when JLR claimed to have addressed keyless vulnerabilities) LV’s underwriters were taking a blanket view on all Range Rovers rather than differentiating between those with the new vs old systems.
Indeed - clearly " easier " for some Insurers to simply say no and throw the baby out with the bath water rather than try and actually underwrite the risk but only specialists and the like employ "real" underwriters - reading off what the screen says is not underwriting - just sales assistants ( or not ).My previous insurer advised that they wouldn’t be quoting on my Range Rover a little over a year ago. Even with it being a post-facelift (when JLR claimed to have addressed keyless vulnerabilities) LV’s underwriters were taking a blanket view on all Range Rovers rather than differentiating between those with the new vs old systems.
alscar said:
Indeed - clearly " easier " for some Insurers to simply say no and throw the baby out with the bath water rather than try and actually underwrite the risk but only specialists and the like employ "real" underwriters - reading off what the screen says is not underwriting - just sales assistants ( or not ).
I sadly think we will see more of it. From an insurer point of view understanding every little model year change or in model year change is simply not practical. Additionally, in the LV case they had a wide sweeping risk change, anything over or approaching £100k was basically a big fat no, alongside things like RRs. In addition, anything on the more risky end of the spectrum they increased substantially.
The only bit with LV that got published really was the RR, but really LVs changes went further. Part of it coming from I believe changes at senior level in that area and also in some cases their ever more present parent company (specifically of LV GI), Allianz. The pensions side of the busines was never part of the Allianz deal.
The others out there are just approaching it with simpler why touch X model or brand. When the numbers start being revealed it makes for a slightly easier picture to understand. Covea to my understanding were loosing £600k a month solely due to Range Rover theft.
Ninja59 said:
I sadly think we will see more of it. From an insurer point of view understanding every little model year change or in model year change is simply not practical. Additionally, in the LV case they had a wide sweeping risk change, anything over or approaching £100k was basically a big fat no, alongside things like RRs.
In addition, anything on the more risky end of the spectrum they increased substantially.
The only bit with LV that got published really was the RR, but really LVs changes went further. Part of it coming from I believe changes at senior level in that area and also in some cases their ever more present parent company (specifically of LV GI), Allianz. The pensions side of the busines was never part of the Allianz deal.
The others out there are just approaching it with simpler why touch X model or brand. When the numbers start being revealed it makes for a slightly easier picture to understand. Covea to my understanding were loosing £600k a month solely due to Range Rover theft.
Problem with Covea was that as the Insurer for the Land rover scheme itself they were quite literally selecting against themselves and didn't have enough " other " vehicles ( be it other Land rover models or indeed other marques ) premiums to balance their overall loss ratio's.In addition, anything on the more risky end of the spectrum they increased substantially.
The only bit with LV that got published really was the RR, but really LVs changes went further. Part of it coming from I believe changes at senior level in that area and also in some cases their ever more present parent company (specifically of LV GI), Allianz. The pensions side of the busines was never part of the Allianz deal.
The others out there are just approaching it with simpler why touch X model or brand. When the numbers start being revealed it makes for a slightly easier picture to understand. Covea to my understanding were loosing £600k a month solely due to Range Rover theft.
V12 Vantage insurance is up on the 24th Feb was £650 last year with Admiral nothing changed no fines etc now with 12 years NCB.
None of the comparison companies are showing any Admiral/Elephant quotes and the cheapest renewal I can get is £1,250 with a £1750 excess with Performance cars.
Will ring round some of the specialist companies to see if I can get the price down.
None of the comparison companies are showing any Admiral/Elephant quotes and the cheapest renewal I can get is £1,250 with a £1750 excess with Performance cars.
Will ring round some of the specialist companies to see if I can get the price down.
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