Elephant Insurance on 360
Elephant Insurance on 360
Author
Discussion

porschedriver

Original Poster:

50 posts

237 months

Wednesday 12th April 2006
quotequote all

I've been phoning around for quotes on a 360 I pick up late May and been getting quotes of around £3,500 which i was starting to think was the going rate. (I'm 27 living in London with 5 years NCB and no accidents or points).

Then.....Elephant come up with £1750 and adding my (ex) girlfriend knocks off another £250! Is this a bargain or could there be something hidden? (although, I don't know what you could hide really that would justify the difference) Anyone with an opinions of Elephant or insurance in general on Ferraris?

_topcat

1,938 posts

266 months

Wednesday 12th April 2006
quotequote all
Hi, just had a quote for a 355 spider for an added £600 to my premium. i have since found a berlinetta which i asked them for a quote...... a further £687. i questioned this and after 15 mins on the phone it turns out they are going to refund me £90 from my current premium. cheaper than my Exige 240 cup....
Footman James.

360stimo

701 posts

245 months

Wednesday 12th April 2006
quotequote all
porschedriver said:

I've been phoning around for quotes on a 360 I pick up late May and been getting quotes of around £3,500 which i was starting to think was the going rate. (I'm 27 living in London with 5 years NCB and no accidents or points).

Then.....Elephant come up with £1750 and adding my (ex) girlfriend knocks off another £250! Is this a bargain or could there be something hidden? (although, I don't know what you could hide really that would justify the difference) Anyone with an opinions of Elephant or insurance in general on Ferraris?


£1750 for a 27 year is pretty good, very good for London. Im 27 and mine is £1.5k but i have it on a policy with everything else i own, so i get a discount.

Won't tell you what my insurance was when i bought the car, must be nearly 4 years ago now !!

porschedriver

Original Poster:

50 posts

237 months

Wednesday 12th April 2006
quotequote all

360stimo said:
porschedriver said:

I've been phoning around for quotes on a 360 I pick up late May and been getting quotes of around £3,500 which i was starting to think was the going rate. (I'm 27 living in London with 5 years NCB and no accidents or points).

Then.....Elephant come up with £1750 and adding my (ex) girlfriend knocks off another £250! Is this a bargain or could there be something hidden? (although, I don't know what you could hide really that would justify the difference) Anyone with an opinions of Elephant or insurance in general on Ferraris?


£1750 for a 27 year is pretty good, very good for London. Im 27 and mine is £1.5k but i have it on a policy with everything else i own, so i get a discount.

Won't tell you what my insurance was when i bought the car, must be nearly 4 years ago now !!


Quite a few insurance companies said a years experience with a Ferrari is needed before they'd touch me and the old Porsche didn't count in their idea of "experience". Elephant surprised me by going straight down to that price. You must get a bit of attention with a 360 at 27 Stimo? - I had a skyline and a CSL hassling for a race on a 15 minute test drive! not an idea i entertained at the time.

gingerpaul

2,929 posts

260 months

Wednesday 12th April 2006
quotequote all
360stimo said:

...i have it on a policy with everything else i own, so i get a discount...


I was wondering which insurance company are you insured with that allows you to group the insurance together for multiple cars? Would be handy to know for my parents!



Paul

Jonny5

3,526 posts

291 months

Thursday 13th April 2006
quotequote all

Don't touch elephant, have 1st hand experience of what they are like under a full loss 50k+ claim (Porsche GT3 nicked...)

5to1

1,789 posts

250 months

Thursday 13th April 2006
quotequote all
gingerpaul said:
360stimo said:

...i have it on a policy with everything else i own, so i get a discount...


I was wondering which insurance company are you insured with that allows you to group the insurance together for multiple cars? Would be handy to know for my parents!



Paul


Norwhich Union lets us do it.

Currenlty the Lambo and BMW on the policy and 3 drivers. Only main driver earns NCB though I believe. But have another car on a seperate policy so doesn't bother me.

5to1

1,789 posts

250 months

Thursday 13th April 2006
quotequote all
Jonny5 said:

Don't touch elephant, have 1st hand experience of what they are like under a full loss 50k+ claim (Porsche GT3 nicked...)


If it was nicked, surely they had to pay up. Or was it the payout they quibled?

430 Spider

214 posts

239 months

Thursday 13th April 2006
quotequote all
I've not had a claim in 15 years, plus the NCB, and no points either. And at £3,400 at 36 (with prior Ferrari driving experience) my insurance in London still isn't cheap. But to some extent, you get what you pay for - one potential problem with Elephant on cars over 2 years old is that they'll do any repairs themselves. Having an agreed value for theft is also useful.

anniesdad

14,589 posts

255 months

Thursday 13th April 2006
quotequote all
gingerpaul said:
360stimo said:

...i have it on a policy with everything else i own, so i get a discount...


I was wondering which insurance company are you insured with that allows you to group the insurance together for multiple cars? Would be handy to know for my parents!



Paul


Admiral Insurance

dj kam

177 posts

270 months

Thursday 13th April 2006
quotequote all
I can highly recommend Footman James:

I paid £1250 on my 355 Spider when I was 25 and renewal was £1000

I’ve currently got my 360 insured with them at £1600, I’m 27 now but was 26 when I got the policy.

gingerpaul

2,929 posts

260 months

Thursday 13th April 2006
quotequote all
Cheers for the information

Some of those quotes are amazing! I had no idea that insuring a Ferrari could actually be anything other than daylight robbery.

2 5HAN

700 posts

248 months

Thursday 13th April 2006
quotequote all
Give Mark Day at A-Plan a try he saved me over £850 on my Gallardo when i switched from Footman james to them....
01494 677776

Added advantage is that they have their own in service claims teams should the unexpected happen...

Good luck

360stimo

701 posts

245 months

Thursday 13th April 2006
quotequote all
gingerpaul said:
360stimo said:

...i have it on a policy with everything else i own, so i get a discount...


I was wondering which insurance company are you insured with that allows you to group the insurance together for multiple cars? Would be handy to know for my parents!



Paul


Zurich Private Clients !!!!

360stimo

701 posts

245 months

Thursday 13th April 2006
quotequote all
There is a guy who lives near my Dad in Yorks, who has about 50 cars - big time Maserati collector, lots of Ferrari's and olf F1 cars etc. MD of one of the biggest companies going. He has all his cars with an Insurance company in Wakefield, Yorks, he told me they were the best by a long way. This was a few years ago, so i will try and find out who he was talking about.

porschedriver

Original Poster:

50 posts

237 months

Thursday 13th April 2006
quotequote all

Thanks for the help. I'll give Footman James, Zurich and A-Plan a go and let you know how it goes.

Elephant will want to do any repairs themselves!!!! I'm not sure I like the idea of that.

brendonj

729 posts

256 months

Thursday 13th April 2006
quotequote all
5to1 said:

Currenlty the Lambo and BMW on the policy and 3 drivers. Only main driver earns NCB though I believe. But have another car on a seperate policy so doesn't bother me.


5to1, dumb question but how does that work? You have your NCB with the Lambo and the BMW, and then the other car has no NCB associated with it?

Cheers,
Brendon

weepee

214 posts

234 months

Friday 14th April 2006
quotequote all
I,m paying for my 360 and one other car plus house insurance A TOTAL OF £1375.00 AND I LIVE IN N.I. THE INSURANCE HOT SPOT OF THE WORLD.

rmfa30

75 posts

240 months

Friday 14th April 2006
quotequote all
weepee said:
I,m paying for my 360 and one other car plus house insurance A TOTAL OF £1375.00 AND I LIVE IN N.I. THE INSURANCE HOT SPOT OF THE WORLD.


Which Insurance co. are you with?!!
Ta,
R M

weepee

214 posts

234 months

Saturday 15th April 2006
quotequote all
PRESTIGE