37 replies to this topic

[Wolfstone]

Postcode influences premium substantially.

[techieboy]

Assuming you don't live in Aleppo, mileage and use have a bigger effect on something like a VX.

[fezzasus]

Assuming you don't live in Aleppo, mileage and use have a bigger effect on something like a VX.

 

commuting being the killer. 

[Wolfstone]

There is also a huge disparity between even specialist insurers and so it's not just a case of use, mileage etc. All the quotes in the thread below were based upon social domestic and pleasure use only (i.e. no commuting), limited to 5000 miles and no trackdays unless track cover came as standard and couldn't be removed.

 

http://www.vx220.org...-far/?p=1856154

[techieboy]

Yes, of course there is. Just like there is for any car. Some insurers want to take on the risk more than others. In the case of a stupid near-unfixable (as far as insurers are concerned) car like the VX, miles driven especially in times of peak commuting traffic are the times of highest risk that they want to avoid. Trackdays are probably a much healthier risk profile, given everybody is driving in the same direction and cyclists and kids aren't likely to jump out at any given moment. Plus drivers usually have a modicum of sense and aren't likely to be cocking around with their phones/dvd players/lipstick (GT-R drivers excepted) at the time and pay a larger excess if they do have to claim.

[Chris P Duck]

To Chris P Duck - Is your quote fully comp? Also how many no claims and is it garaged or driveway etc? Seeing as our ages are similar, it's good to know how you've got yours at that price

Yeah fully comp, as others have said no commuting. I think I've got about 9 years no claims. 5 tracks days and a 5000 miles a year. Driveway as the cost went up for garaged (he said they get more claims for cars in garages where stuff falls on them etc) ETA, no claims or points!

Edited by Chris P Duck, 26 April 2016 - 06:26 PM.

[Jonny dhr]

Cheers guys. My quotes are also for fully comp, no cummuting and up to 5k, which is why I was surprised at the £698 from CCI. I have, however, just got a quote from Adrian flux for £480. It doesn't include track days but much more promising!

[Baron Von Scubadaddy]

Company directors pay a low insurance premium

my insurance dropped when I told them what my occupation was 

I still live in the same place N19 I still work in the film game but my job title changed !!!!!

[Chris P Duck]

Company directors pay a low insurance premium my insurance dropped when I told them what my occupation was  I still live in the same place N19 I still work in the film game but my job title changed !!!!!

Interesting. I didn't even think to tell them when my job tote changed. Been: Field manager Continuous Improvement Sustainability Coach Senior Continuous Improvment Coach Buisness Improvement Specialist Customer Experience Specialist That's the last 6 months, which one do you reckon I tell them for the cheapest quote 😂

[Jonny dhr]

Thought I'd put some kind of conclusion here for my search...

 

So for:

- Myself only (30 years old)

- Oxford Postcode

- 12 years NCB + no convictions

- Stage 2 SC + alloys and suspension

- Fully Comp

- Kept on driveway

 

I got the following results:

 

- CCI: £650 (trackdays inc.)

- Adrian Flux: £480 (No track days)

- Classicline: £841!

- Footman James: No longer insure superchargers apparently

- Henderson Taylor: £507 (inc trackdays)

 

I went for Henderson Taylor as the trackdays seemed worth the extra £27 and strangly, they wern't interested in NCB at all, so I was able to transfer the 12 years onto my daily driver and get a £50 refund for that one instead.

[PaulCP]

If Henderson Taylor are not interested in NCB does that mean that anyone who has a policy with them are stuck with them since they may no longer have any NCB to transfer to another insurer. I believe NCB may lapse after a specific period, this is where I got caught out with Heritage although the 3 years of "no road use" insurance certainly didn't help. However, it was only when Heritage bumped up the premium and I went to change insurer that they informed me that my "classic car" policy didn't accrue NCB and the best they could offer was a letter stating I had made no claims. It would then be up to the new insurer how they dealt with it and that's when the insurance life became somewhat interesting!

Edited by PaulCP, 28 April 2016 - 07:28 AM.

[Jonny dhr]

Good point actually, I guess that does mean you don't accrue bonus either... Maybe someone who is already with them can confirm this?

 

I don't mind so much as I already have the 12 years on another car but if it was your only car then that's much more important!

[Wolfstone]

NCB is valid for 2 years apparently. After that it lapses. Hence why I avoid insurers that don't recognize, store and accumulated NCB.

[oakmere]

Classic line said they would store my NCB on file for if I moved.

[Wolfstone]

Yep. Classic line recognise, store and note on paperwork you receive. So it retains its shelf life. They just don't accumulated.

Edited by Wolfstone, 28 April 2016 - 12:08 PM.

[rob999]

REIS recognise it as well.

[Bootdog]

NCB is also a European thing - I was able to transfer 2 policies to UK policies and kept the full ncb years entitlement (7+). One thing to watch is that some insurers only consider a max of say 5 years and don't accrue any further years beyond that. So an ncb cert from them will say 5 years, although it may be actually higher. If the new insurer considers 6 years as their maximum, then they won't apply the full discount.

[Bootdog]

Also if you switch from 2 cars with ncb to 1 car for a while, you can keep both ncbs live indefinitely by switching over and back and using a 1 year old certificate at every renewal.