FFRR Insurance - LV no longer offering quotations
Discussion
Received a note from LV yesterday which looks like they have decided not to continue insuring the S/C FFRR:
They insure a number of other expensive/high performance vehicles for me, and were great when I had to make a no fault claim, so it was a shame to get this. My bigger concern is whether this is an isolated action by just one insurer or whether others are ceasing to cover them so wondered if anyone else has experienced similar (and whether it only affects the supercharged)?
LV said:
Thank you for choosing to insure your LANDROVER RANGE ROVER AUTOBIOGRAPHY V8 525 AUTO with LV= over the past year.
We’re writing to you to let you know that, unfortunately, we’ve had to make some changes to our underwriting approach for your vehicle type.
Over the past few years, there’s been a rise in thefts of the LANDROVER RANGE ROVER AUTOBIOGRAPHY V8 525 AUTO, which you may have read about in the press. As a result, we’ve seen a large increase in the number and cost of claims we’ve received for these types of vehicles and have made the difficult decision to stop insuring them.
This means at your next renewal date on xx xxxx 2021, we won’t be able to offer you a renewal price for this car. We will send a letter confirming this again in advance of your renewal date, the letter will explain that this is due to a change in our underwriting criteria. Please rest assured this won’t be classed as your insurance being declined, so you won’t need to declare it to other insurers.
I could understand them declining to cover the old ones with known keyless theft issues, but post facelift (which mine is) these were supposed to have been resolved, so it comes as quite a surprise that it seems to be irrespective of age. You'd hope that there would be some dialogue between major insurers and the car makers so their team should be aware of the changes. If they are, then I can't help but question whether the issues were fixed or if keyless theft remains a problem. We’re writing to you to let you know that, unfortunately, we’ve had to make some changes to our underwriting approach for your vehicle type.
Over the past few years, there’s been a rise in thefts of the LANDROVER RANGE ROVER AUTOBIOGRAPHY V8 525 AUTO, which you may have read about in the press. As a result, we’ve seen a large increase in the number and cost of claims we’ve received for these types of vehicles and have made the difficult decision to stop insuring them.
This means at your next renewal date on xx xxxx 2021, we won’t be able to offer you a renewal price for this car. We will send a letter confirming this again in advance of your renewal date, the letter will explain that this is due to a change in our underwriting criteria. Please rest assured this won’t be classed as your insurance being declined, so you won’t need to declare it to other insurers.
They insure a number of other expensive/high performance vehicles for me, and were great when I had to make a no fault claim, so it was a shame to get this. My bigger concern is whether this is an isolated action by just one insurer or whether others are ceasing to cover them so wondered if anyone else has experienced similar (and whether it only affects the supercharged)?
I was told that it was the model, apparently one of several they’re no longer going to offer cover for (they didn’t say what they were).
It’s a really clear decision from them and, whilst they claim their underwriters constantly review, isn’t up for individual negotiation.
Personally, I think it’s a problem for Land Rover if a major insurer views their cars as uninsurable even when they’ve supposedly fixed the keyless issues and they come as standard with trackers.
It’s a really clear decision from them and, whilst they claim their underwriters constantly review, isn’t up for individual negotiation.
Personally, I think it’s a problem for Land Rover if a major insurer views their cars as uninsurable even when they’ve supposedly fixed the keyless issues and they come as standard with trackers.
trowelhead said:
I'm going over my insurance docs and tracker now - only currently using the LR one that comes with the car - is it advisable to get a third party one installed? My insurer Admiral are fine with the LR one as far as i am aware... Ghost immobiliser could be an option too...
If it’s a newish one it shouldn’t be necessary... well, it never should have been necessary anyway, but with the facelift LR was supposed to have addressed the security side of things. LV were fine with the standard one (it is thatcham approved I believe). Tbh, personally I would get rid if I had to mess around with multiple immobilisers on a daily driver. I’ve spoken to LV and can get no clarity on whether they have taken any facelift changes into account or have simply treated the L405 as one model (which would seem like quite lazy underwriting if LR did indeed address the issues and the theft profile is meaningfully lower).
Sheepshanks said:
Of course there are other ways of stealing them - same as used to happen before keyless existed. We were warned off getting an X5 some years ago as they were being car-jacked around Manchester regularly and after the second time a business colleagues RS4 was taken off him at knife-point he decided to not to replace it. BMW stopped fitting biometric entry on cars in APAC after thieves chopped off an owners finger!
If all else fails they'll lift them onto the back of a truck.
All valid points, but however they’re taken the latest FFRRs have trackers. I’ve always fancied an RS6 Avant but the theft profile has always been what’s put me off. If all else fails they'll lift them onto the back of a truck.
Bit early to start looking for new quotes but hoping it ends up being easy to replace cover as I’d bought outright intending to keep for a long time and there are no other 4x4s that deliver what I want.
Very disappointed with LV, just got the renewal through.
As expected they have dropped the FFRR from their renewal offers.
What is unexpected is that although they’re still prepared to cover my Defender they’re no longer mirroring the NCD I had accrued (both were previously on a multi-car policy). Has the effect of changing from £900/yr for the pair to more than £800 for just the Defender!
Got a month to sort it all out but it’s created a need for rather more juggling than expected as I now need to shop around for quotes for two vehicles instead of one.
As expected they have dropped the FFRR from their renewal offers.
What is unexpected is that although they’re still prepared to cover my Defender they’re no longer mirroring the NCD I had accrued (both were previously on a multi-car policy). Has the effect of changing from £900/yr for the pair to more than £800 for just the Defender!
Got a month to sort it all out but it’s created a need for rather more juggling than expected as I now need to shop around for quotes for two vehicles instead of one.
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