Insurance

[kingsley]

Insurance I know this has been discussed before. However I had 4 cars on Admiral Multicar policy.. yes I had seen the adds on the tele....and the NSX was with Hagerty which has been for 4 years. Insurance time with Admiral recieved the renewal quote and jumped up £702 .97. Was informed that is the market place ..... Shopped around and with 4 individual car policy's with Be Wiser saved nearly a thousand pounds . £288 from the last year quote and £702.97 from the increase this year. NSX is due now and Hagerty sent me the renewal and to be fair suggested that I increased the Agreed Value. The cost from them was £475.68 with restricted mileage of 2,000. Phoned Classic Line with restricted 3,000 anual mileage and the same benefits as Hagerty was quoted £270.24. I have sent an email asking them to check if that is correct. That is a saving of £200. Is it too good to be true. I have a couple of weeks to shop around. Most important for me is agreed value which a lot of companies don't offer

Kingsley

[NSXGB]

I'm with Classic Line and think I paid ~£300, that includes euro breakdown cover too. Mine is restricted mileage of around 3k. Underwriter is Red Star from memory.
For the approved value you have to submit 6 recent photos including instrument cluster showing mileage and pay £20 'processing fee'.

[kingsley]

Many Thanks for that. Sounds the same. Underwriter is Red Star. Big difference it price . Just sometimes.... if it sounds to good to be true..........You have put my mind at rest. Will go ahead and save £200.

Kingsley

[NSX100]

I switched to Classic Line too a month ago. Excellent. Immediate agreed value and 5,000 miles per annum for £300 and it includes breakdown cover. Hagertry would not even give me a quote and another supposedly specialist firm mentioned on the forum quoted £750.

[goldtop]

Got a renewal at £310 from the "Ohh Yes" dog this month. Called around and found £165 for 6000m (1000m more than previously and including business use).

IMHO, it's a bit daft to get agreed value insurance when the price of NSXs is appreciating. To quote one: "agreed value is an insurance contract under which the insurer agrees to pay the insured a stated amount in the event of the total loss of the property insured without any adjustment for depreciation or appreciation".

[Crockefeller]

I asked my insurer about agreed value and they said any appreciation wouldn't be covered in the event of loss. They said that a normal policy with market value also wouldn't cover the appreciation as the premium you are paying is based on the market value at the time the policy is taken out.

They said the only way to be covered on an appreciating vehicle is to have agreed value and update that value every few months/year.

if anyone knows differently I'd be interested to hear. I'm with Classicline too btw.

[unclebob]

£165?!! who on earth quoted that? fully comp?

[Mistercorn]

It is cheap, but limited to 6km. Ideal for a garage queen which needs a yearly MOT. :)
I just renewed mine. About £400 for 3k miles, parked outside my house (although has been garaged since last summer).

MC

[NSX100]

I asked my insurer about agreed value and they said any appreciation wouldn't be covered in the event of loss. They said that a normal policy with market value also wouldn't cover the appreciation as the premium you are paying is based on the market value at the time the policy is taken out.

They said the only way to be covered on an appreciating vehicle is to have agreed value and update that value every few months/year.

if anyone knows differently I'd be interested to hear. I'm with Classicline too btw.

I thought that was the entire point of "agreed value". You agree a value with the insurance company and that is what is paid out in the event of a total loss. Obviously, this can be updated as required and agreed by both parties recognising that the premium will rise accordingly.

[Crockefeller]

Yea, I was commenting more in response to goldtop saying agreed value policy is a bit daft. It's as useless as a normal policy for an appreciating car, only you know you won't be stung on the downside with a made up market value. It's all much easier when your cars are going down in price :)

[ianhb]

I have just changed company as quote was for £650. RH classic with Equity Red Star was £440, a bit more than some others, but 3k miles, £75 windscreen xs, £250 damage xs, store in garage at home address, 90 day foreign use, legal expenses, breakdown cover in UK & Europe, agreed value if wanted, and interestingly, salvage return, so if a total loss you own the wreck and can sell it whole or in parts as you wish.

[Hagasan]

I have just changed company as quote was for £650. RH classic with Equity Red Star was £440, a bit more than some others, but 3k miles, £75 windscreen xs, £250 damage xs, store in garage at home address, 90 day foreign use, legal expenses, breakdown cover in UK & Europe, agreed value if wanted, and interestingly, salvage return, so if a total loss you own the wreck and can sell it whole or in parts as you wish.

Salvage return means you get first dibs on the choice of buying back the salvaged car. This will be deducted from your payout.

[goldtop]

£165?!! who on earth quoted that? fully comp?

Privilege (from memory). On this car, I use my full NCB of 10+ years, car is parked off the road but ungaraged, Cambridge postcode. Was chuffed to get 2000m of business use because it'll be nice to take the NSX on some trips to suppliers. :)



Yea, I was commenting more in response to goldtop saying agreed value policy is a bit daft. It's as useless as a normal policy for an appreciating car, only you know you won't be stung on the downside with a made up market value. It's all much easier when your cars are going down in price :)

No. Both appreciating and depreciating cars are valued at the time of the loss in the event of a claim on a non-agreed value policy - and not when the annual policy was taken out. Not sure why your indurer told you otherwise. It's well documented all over the Net.

With a car like the NSX, where you can easily list every price available, there would be no evidence for an insurance company to undervalue your car's then-current value. You would, of course, be in for a fight - this is after all, an insurance company - but only a pussy cat would accept a "made up market value" when the NSX's actual values are so easy to research.

[Crockefeller]

Interesting.

I'll have to ask my insurer about this again as that's not what I was told. It does seem strange you could pay to have coverage on a 30k car and still be covered for 60k when it's binned. Are all these air cooled Porsche owners paying based on old values?!

The hard part in agreeing a value with the insurer when you claim is the number of people talking down the prices of our cars!

[ianhb]

RH Classic car insurance - to clarify.

Re Salvage, "return is automatic and free of charge on all vehicles over 20 years old, with RH you will receive your agreed value payout in full and your salvage, free of charge."

also automatic cover for club rallies is included.

[Hagasan]

RH Classic car insurance - to clarify.

Re Salvage, "return is automatic and free of charge on all vehicles over 20 years old, with RH you will receive your agreed value payout in full and your salvage, free of charge."

also automatic cover for club rallies is included.

Say for example your car has an agreed value of £35k and you write it off. Chances are the salvage could be worth £10k as a breaker. Your insurance company might offer you first option on buying the salvage for £10k. There is no way the company with give you back a £10k written off car AND your agreed value of £35k

There must be shum mishtake!!

[goldtop]

Interesting.

I'll have to ask my insurer about this again as that's not what I was told. It does seem strange you could pay to have coverage on a 30k car and still be covered for 60k when it's binned. Are all these air cooled Porsche owners paying based on old values?!

The hard part in agreeing a value with the insurer when you claim is the number of people talking down the prices of our cars!

For most of us driving cars of 'ordinary' value supercars (911, NSX, R8, etc), the vast majority of our insurance premiums cover the risk/cost of settling third-party injury and property claims (street furniture, etc) - not the value of your car. Ever wondered why there's hardly any difference in the premium quoted for TPF&T vs fully comprehensive?

The Ombudsman's write-up is the important one: http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html

Significant bits:

"In most cases, we assess the market value as the retail price which the consumer would have had to pay for a comparable vehicle at a reputable dealer, immediately before the date of the damage or theft."

"
8. advertisements Vehicles are often sold for less than the advertised price – and differences in mileage, the year of registration, model type etc can significantly affect their value. This means that generally – although they can be helpful in some cases – advertisements for similar vehicles are not particularly useful when deciding complaints. In a few cases, however, the vehicle does not feature in the readily-available guides – so advertisements may be the only evidence of the vehicle’s value available to us. Examples include vehicles with foreign specifications which have been personally imported into the UK. "

[ianhb]

They say in the documents, as in the quote marks, that that is exactly what they do. You can look up the policy online to check for yourself.

[coolfunkyd]

Just changed from Hagerty (465) to Admiral (£150) age 45, car kept in garage, 8 years no claims. The interesting thing was as the car was over 20 years old and a high cost they wanted photo's and information on the NSX to agree a replacement value. Received certificate yesterday and agreed replacement value is over £8,000 more than car was covered for in 214. So glad I bought the car last year as I would have been priced out of the market in 2015

[kingsley]

That is a very, very good price. Changed from Haggerty because of extremly high renewal , I thought Classic Line was good at £270.00 from £465 but £150 ......Admiral wanted £330 with 15 years no claims for my BMW Z4 three years ago never borhered to check them.

Kingskey

[goldtop]

Be aware that Admiral will load your premium for any Speed Awareness Course, so I was only with them for one year (81mph on the A14 about three weeks after getting the NSX!)

[flyingsniffer]

To resurrect this one, I've been with Competition Car Insurance for three years, always liked them. Renewal was £509 to renew on similar terms (including track day cover).

However, since then I had an accident in my wife's car (had a fight with a deer, neither of us won that one) and picked up and SP30 along the way.

Those both loaded premiums a little, however I increased the value to £55k - this didn't affect the premium BUT they now want a Cat 5 tracker.

Classic Line insure to same level with no tracker for £439. For an extra £20 they'll fix the value on production of 6 pics, as long as they agree the figure.

[Hagasan]

I moved to Classic Line this year too. £140 cheaper, a proper agreed value rather than the indemnity that CCI offer and no need for the tracker once over £40k value. I didn't really require track day cover. Another bonus is European Breakdown recovery included. Also the can bank any NCB you have on an old policy. It won't accrue additional years but at least it won't lapse after two years either. Not a bad package I thought...

[havoc]

Thought I'd share this last week's experience with brokers. Given the changes to Classic Line's trackday cover this year (mainly the Euro increase from £75 to £250, which makes next year's NSXCE trip rather more expensive...), I thought I'd ring around, see what other insurers were providing. Renewal quote <£300 for 3k miles, garaged, clean licence, minimal modifications.

Not great reading:-
- CCI no longer do <25 years on a classic policy (very recent change) - pointed at Footman James instead as both are Towergate brands.
- Footman James wanted >£600, and wouldn't cover European trackdays, but otherwise seemed good.
- Hagerty wanted £500, and won't put even occasional commuting on the policy, so didn't ask about trackdays but otherwise seemed very good and knowledgable.
- RH Classic - gave up as the chap hadn't a clue what the car was or what a damper was. Possibly a little unfair but I'd rather deal with people who've at least a passing knowledge of cars...
- Carole Nash - ditto...was asked if the car was a saloon. Lost the will to live soon after...

Not sure whether to bother any further...Classic Line have been good for the last few years and they're competitive, so might have to suck-up the trackday fee...

[Hunter]

Just thought i'd share my insurance quote (age 41)... For the NSX valued at £50k, social use only, 3000 miles, Comprehensive insurance, 0 years NCD Admiral came in at £196!
If I transfer my M4 insurance over to them at renewal, the cost drops to £113 per year! Add the £275 for the M4 (with class 2 business use) the overall figure is only £388 for both cars!!
That seems ridiculously cheap to me, I need to read the small print.

[marknsx]

I have found Adrian Flux to be very fair for my fully comp. 0844 381 6502

[lotusolly]

Just thought i'd share my insurance quote (age 41)... For the NSX valued at £50k, social use only, 3000 miles, Comprehensive insurance, 0 years NCD Admiral came in at £196!
If I transfer my M4 insurance over to them at renewal, the cost drops to £113 per year! Add the £275 for the M4 (with class 2 business use) the overall figure is only £388 for both cars!!
That seems ridiculously cheap to me, I need to read the small print.
Not heard any favourable comments about Admirable but plenty of bad.
As the saying goes 'you get what you pay for'.
How confident would you be of getting a suitable payout should you need to make a claim?

I was insured with RSA, through AON, which are now Footman James. Unfortunately I needed to make a claim in July 2013.
I spent 3 months arguing with the assessor because he wanted me to use their approved repairer and flatly refused to pay more than £45 an hour labour rate despite it being a classic policy stating that the car should be repaired at a bodyshop appropriate to the vehicle.
Footman James were very helpful and after lodging a complaint with them, MY preffered repairer was approved within 48 hrs.
Although my car has been repaired and I am delighted with the standard of work I am still fighting with RSA. They have requested that I accept a 50/50 settlement which I have refused on the basis that I was stationary at the time of the incident and it would be physically impossible to cause the damage to my car if I wasn't. RSA now seem to completely inactive at resolving the case with a standard reply of 'the case is due to be reviewed shortly' at each enquiry!
I would have been happy to re-insure through Footman James but unfortunately they could only offer me a policy through RSA so I have moved to Classic Line. They seem to be very helpful but I don't know of anybody who has actually made a claim with them.

Olly

[Silver Surfer]

Just thought i'd share my insurance quote (age 41)... For the NSX valued at £50k, social use only, 3000 miles, Comprehensive insurance, 0 years NCD Admiral came in at £196!
If I transfer my M4 insurance over to them at renewal, the cost drops to £113 per year! Add the £275 for the M4 (with class 2 business use) the overall figure is only £388 for both cars!!
That seems ridiculously cheap to me, I need to read the small print.

Are you sure they didn't mistake it for a Honda Jazz...your price is ridiculously low!!! If true..a very well done...I am older than you with 9 years NCB and still can't get anywhere near your quoted price.

SS

[Hunter]

I can't insure my mountain bike for £113 let alone an NSX!

[Problem Child]

Insurance I know this has been discussed before. However I had 4 cars on Admiral Multicar policy.. yes I had seen the adds on the tele....and the NSX was with Hagerty which has been for 4 years. Insurance time with Admiral recieved the renewal quote and jumped up £702 .97. Was informed that is the market place ..... Shopped around and with 4 individual car policy's with Be Wiser saved nearly a thousand pounds . £288 from the last year quote and £702.97 from the increase this year. NSX is due now and Hagerty sent me the renewal and to be fair suggested that I increased the Agreed Value. The cost from them was £475.68 with restricted mileage of 2,000. Phoned Classic Line with restricted 3,000 anual mileage and the same benefits as Hagerty was quoted £270.24. I have sent an email asking them to check if that is correct. That is a saving of £200. Is it too good to be true. I have a couple of weeks to shop around. Most important for me is agreed value which a lot of companies don't offer

Kingsley

Based on the discussion you and I had Kingsley I called Classic Line and got the following quote: 3000 miles, UK and EU coverage, Event coverage; SDP& commuting; agreed value (£65k to £85k). £305. Sounds good but I am unsure about values. Lots of NSX's for sale (mostly really early ones) on PH and autotrader etc. Whats the current thinking on values?

[Senninha]

All, its that time of year again and I'm reaching out for guidance ref valuation as various companies are making different offers dependant on valuation.

98 3.2 Targa in Magnum Grey 66k

Thoughs please

Thanx Paul

[NSXGB]

All, its that time of year again and I'm reaching out for guidance ref valuation as various companies are making different offers dependant on valuation.

98 3.2 Targa in Magnum Grey 66k

Thoughs please

Thanx Paul

CCl & Classic Line seem to be the best for most. If you are planning a euro trip Classic Line include euro breakdown which is worth a few quid on its own.

[havoc]

Been very happy with Classic Line - agreed value process with them has been pretty straightforward each time.

[Hagasan]

Also with Classic Line you're not obliged to fit a tracker when the value is over £40k. The agreed value on CL is just that as well, agreed and confirmed. with CCI it's not quite an agreed value but an Indemnity Insurance. You'd still have to prove yours is worth it's claimed value although I think it might be easier than doing so with a "regular" policy.
I went with CL last year for the reasons I just mentioned but beyond that, they were significantly cheaper than CCI and as "Simon Says" lol.... the Euro cover is a handy benefit too..

[Pride]

CCl & Classic Line seem to be the best for most. If you are planning a euro trip Classic Line include euro breakdown which is worth a few quid on its own.

Just check out section 2e in the European T's&C's and it might cost you more than you might think to bring it on home.

http://www.classiclineinsurance.co.uk/wp-content/uploads/2012/10/ClassicLine-Rescue-Policy.pdf

[Problem Child]

Also with Classic Line you're not obliged to fit a tracker when the value is over £40k. The agreed value on CL is just that as well, agreed and confirmed. with CCI it's not quite an agreed value but an Indemnity Insurance. You'd still have to prove yours is worth it's claimed value although I think it might be easier than doing so with a "regular" policy.
I went with CL last year for the reasons I just mentioned but beyond that, they were significantly cheaper than CCI and as "Simon Says" lol.... the Euro cover is a handy benefit too..

I a with CL too on Kingsleys advice £390 for 6000 miles pa and agreed value. Currently pulling together evidence of guaranteed value (likely to be iro 65-75). Good company to deal with

[Senninha]

Spoke with a very helpful young lady, Jessica, and am now insured with Classicline.

£321 for 3k pa £500 Xs and £65k guaranteed valuation. Inc EU use for 90 days and full recovery.

thanks to all for IM's and feedback here, rgds Paul

[nobby]

Paul

what did you need to provide in relation to evaluation etc?
did the car need assessed etc?

[Hagasan]

Andrew,

CL require six photos along with you filling out an appraisal condition sheet. You tell them the value you think and they will yae or nae it. The charge £20 on top for valuations.

Gary

[havoc]

They're also happy to receive a valuation from 'an independent expert' - I've asked the servicing garage to do it for the last 3 times, they've been obliging.

[nobby]

Thanks Gary and Martin for the info.
i just need to check if these guys cover Northern Ireland or choose to screw me for the privilege ... was putting in a quote earlier and declaring mods and why laptop just decided to crap itself :(
next time round i think i will give em a quick call instead!
my current insurer needs me to get an independent valuer and its around 80 quid which adds more to premium

[Senninha]

Paul

what did you need to provide in relation to evaluation etc?
did the car need assessed etc?

They now store all conversations as I asked what they need, was told nothing further ...

[havoc]

Just check out section 2e in the European T's&C's and it might cost you more than you might think to bring it on home.

http://www.classiclineinsurance.co.uk/wp-content/uploads/2012/10/ClassicLine-Rescue-Policy.pdf


I've just been speaking to them about this - the £150 only refers to the "incidental costs" - they WILL pay the costs of repatriation.

BUT, it may not be repatriated straight away - they will bring them back in transporter-loads, so "if really busy it could be up to 4 weeks" - they couldn't be more precise than that. That said, RAC's policy states "normall 8-14 days. At busy times it may take longer...", so they're probably no different.

[Pride]

Good to know, cheers Havoc.

[WhyOne?]

I have just had interesting response from Classic line valuations.

I filled in their valuation checklist form and supplied them with 6 recent pictures of Y1 NSX.

I suggested a value of £70k for insurance purposes....perhaps a tad high, but in the light of the Circuit Blue car sold by Silverstone Auctions (£69,750) and red W1 NSX for sale at Plans currently (£69k), surely not that wide of the mark?

They have come back and said best agreed value they can offer is £40-45k. I have sent them links the the 2 cars mentioned above, plus some other information.

Would appreciate any thoughts contributors here may have?

Ta.

[NSX100]

I have just had interesting response from Classic line valuations.

I filled in their valuation checklist form and supplied them with 6 recent pictures of Y1 NSX.

I suggested a value of £70k for insurance purposes....perhaps a tad high, but in the light of the Circuit Blue car sold by Silverstone Auctions (£69,750) and red W1 NSX for sale at Plans currently (£69k), surely not that wide of the mark?

They have come back and said best agreed value they can offer is £40-45k. I have sent them links the the 2 cars mentioned above, plus some other information.

Would appreciate any thoughts contributors here may have?

Ta.

My previous valuation with Classic Line was for £40,000 and when I renewed this year, I requested £50,000. Probably a bit low given the current market but they agreed immediately although charged me a few more quid on the annual premium. They clarified in writing that this was "agreed" and no questions asked if stolen or written-off - obviously something I will be avoiding anyway! By far the most professional of any specialist insurers I have dealt with - one refused to quote and the other wanted a 4 figure premium.

[havoc]

That IS odd - mine's an NA1, admittedly, but I've never had any trouble with C-L's valuations team. I've got my servicing dealer to write a letter with an 'opinion' of value (essentially me having a chat with the Service Manager, with a few adverts as evidence so he knows I'm not asking for a silly number), and that's always been fine...

[PeterW]

Two months or so ago I renewed with C-L with an agreed value of £45k. They were a pleasure to deal with and did not challenge the £45k.

Peter

[matpp]

Two months or so ago I renewed with C-L with an agreed value of £45k. They were a pleasure to deal with and did not challenge the £45k.

Peter

I renewed with C-L 3 months ago with an agreed value of £40K but they raised my excess considerably. Mine is also an '96 NSX-T manual.....interesting to see they accepted £45K without quibbling!

[havoc]

Out of interest, what mileage are you two on? Mine's a '96 manual coupe but on 115k...I've got a current agreed value of £35k...wondering if it's a little low now.

[flyingsniffer]

I'm just in the process of renewing with them: little change to the premium (up about £15) and no change to the valuation we agreed last year.

Other than their stupid policy of jacking up premiums for track days in Europe, they seem pretty good.

[WhyOne?]

I have just had interesting response from Classic line valuations.

I filled in their valuation checklist form and supplied them with 6 recent pictures of Y1 NSX.

I suggested a value of £70k for insurance purposes....perhaps a tad high, but in the light of the Circuit Blue car sold by Silverstone Auctions (£69,750) and red W1 NSX for sale at Plans currently (£69k), surely not that wide of the mark?

They have come back and said best agreed value they can offer is £40-45k. I have sent them links the the 2 cars mentioned above, plus some other information.

Would appreciate any thoughts contributors here may have?

Ta.

I now have a Classicline Agreed Valuation Certificate showing a value of £70k for Y1.

[PeterW]

Out of interest, what mileage are you two on? Mine's a '96 manual coupe but on 115k...I've got a current agreed value of £35k...wondering if it's a little low now.
76k miles

Peter

[matpp]

Out of interest, what mileage are you two on? Mine's a '96 manual coupe but on 115k...I've got a current agreed value of £35k...wondering if it's a little low now.


71K......I reckon I need to have a word with C-L.....what excess have you been quoted?

[Jezzerr]

Recently became owner of an NSX after much searching.
Ended up insuring with NFU, for £176.00. 3000 miles pa. Only stipulation being underwriters wanted another road car as well. Believe NFU have excellent reputation at the claim end.....

[Pride]

My new £200 insurance policy starts today and this year for the first time I decided to try Classic Line but in order to give it its full £40,000 insurance cover they asked for 6 recent photos and an additional £20 for them to check and agree it's value.

I was with Aviva last year and the premium almost doubled to £440 with no justifiable reason, also, when asking what the insurance cover amount would be in the case of an accident the reply was what ever the assessor thought at the time of inspection which I feel would be totally unfair especially if it was badly front and rear ended, therefore looking a real mess.

All insurance companies should take a leaf out of CL's policy with photographic evidence of condition, so at least no ambiguity when it comes to a claim. For this reason I feel much better about my insurance cover.

Incidently, CL also commented on my fantastic undercar LED lighting kit, saying that with them turned on it's true value would be nearer £100k :)

12762

[Dragonlady]

My new £200 insurance policy starts today and this year for the first time I decided to try Classic Line but in order to give it its full £40,000 insurance cover they asked for 6 recent photos and an additional £20 for them to check and agree it's value.

I was with Aviva last year and the premium almost doubled to £440 with no justifiable reason, also, when asking what the insurance cover amount would be in the case of an accident the reply was what ever the assessor thought at the time of inspection which I feel would be totally unfair especially if it was badly front and rear ended, therefore looking a real mess.

All insurance companies should take a leaf out of CL's policy with photographic evidence of condition, so at least no ambiguity when it comes to a claim. For this reason I feel much better about my insurance cover.

Incidently, CL also commented on my fantastic undercar LED lighting kit, saying that with them turned on it's true value would be nearer £100k :)

12762

I think you misheard, they said 100k Belarusian rupels.

[Pride]

I think you misheard, they said 100k Belarusian rupels.

Hold on a minute, .....that's less than £1300!!!!:(

My LED lighting cost way more than that alone so I'm going to give em a call, just to be sure to be sure.

Thanks Dragonlady

[kingsley]

My new £200 insurance policy starts today and this year for the first time I decided to try Classic Line but in order to give it its full £40,000 insurance cover they asked for 6 recent photos and an additional £20 for them to check and agree it's value.

I was with Aviva last year and the premium almost doubled to £440 with no justifiable reason, also, when asking what the insurance cover amount would be in the case of an accident the reply was what ever the assessor thought at the time of inspection which I feel would be totally unfair especially if it was badly front and rear ended, therefore looking a real mess.

All insurance companies should take a leaf out of CL's policy with photographic evidence of condition, so at least no ambiguity when it comes to a claim. For this reason I feel much better about my insurance cover.

Incidently, CL also commented on my fantastic undercar LED lighting kit, saying that with them turned on it's true value would be nearer £100k :)

12762

Hi Pride Pleased you recieved a good quote .....so I guess to keep the agreed 100K you will need to keep them all on, good job Christmas is just around the corner

Kingsley

[Pride]

hi pride pleased you recieved a good quote .....so i guess to keep the agreed 100k you will need to keep them all on, good job christmas is just around the corner

kingsley

oh oh oh!!!! 🎄 🎅

[Pride]

Or should that be Ho,Ho,Ho :)

[kingsley]

Recently became owner of an NSX after much searching.
Ended up insuring with NFU, for £176.00. 3000 miles pa. Only stipulation being underwriters wanted another road car as well. Believe NFU have excellent reputation at the claim end.....


Hi Jezzerr. As I am with NFU for house insurance ......just out of interest is the £176.00 for agreed value .

You are correct the NFU are first class when you need them Highly rated by Which as well

Kingsley

[Jezzerr]

No, but there is option of agreed value which I'm probably going to take up at renewal. Don't know effect on premium do- you?

[kingsley]

No, but there is option of agreed value which I'm probably going to take up at renewal. Don't know effect on premium do- you?

No because I have never had asked for a quote from NFU. But will do next year when the renewal is due

[dcrobbo]

This little thread just saved me half of my premium from last week, Cheers guys :thumbsup::thumbsup:

[dcnsx]

No because I have never had asked for a quote from NFU. But will do next year when the renewal is due
Yes an agreed value will push your renewal up. My quote for last year was £176 will a book value of £6000, after agreeing on it's true value I ended up paying £400.

[philboo]

I now have a Classicline Agreed Valuation Certificate showing a value of £70k for Y1.
Hi
I tried to get a quote just now but it asks about car clubs and this one isn't listed, did you just not bother saying you're a member of one.

Thanks

Phil

[WhyOne?]

Hi Phil. No, as NSXCB want listed, I didn't mention it. Maybe given the number of folks here insured with CL it would be a good idea to get the club recognised?

[philboo]

Hi Phil. No, as NSXCB want listed, I didn't mention it. Maybe given the number of folks here insured with CL it would be a good idea to get the club recognised?

I'll give them a call tomorrow. Thanks Phil

[Pride]

I told them my car club was NSXCB and they just noted it down, no more questions asked about it.

[havoc]

Me too - always mentioned it over the phone, never had it questioned...

[PeterW]

Yes an agreed value will push your renewal up. My quote for last year was £176 will a book value of £6000, after agreeing on it's true value I ended up paying £400.

I've gone for agreed value policies for the last few years, but I have been wondering if it's left me underinsured in years when the prices have been moving rapidly. Clearly, a payout in the event of a claim of GBP6000 book value would be unacceptable. But I'm asking myself if a number like that could be challenged by presenting current market information, or maybe getting somebody like Plans to provide a valuation. Insurance companies must be open to that kind of discussion, otherwise they wouldn't accept agreed value policies with market values rather than the low book values. Anybody any experience?

Peter

[havoc]

Looks like ClassicLine no longer recognise garages/dealerships/similar as being 'independent' to give a valuation for agreed-value policies - needs to be Owners Club or CL themselves.

I have confirmed with them that they recognise us as a Club for discount purposes though.

[WhyOne?]

Looks like ClassicLine no longer recognise garages/dealerships/similar as being 'independent' to give a valuation for agreed-value policies - needs to be Owners Club or CL themselves.

I have confirmed with them that they recognise us as a Club for discount purposes though.

Errr...so Owners Clubs have no CoI in this regard and can be trusted to be independent?! Gosh!

Good news re the club discount though.

[havoc]

Anybody any experience?

Peter

An agreed value policy goes both ways - in an appreciating market it's up to the owner to 'keep up', and update the AV regularly to avoid under-insurance / in a falling market the owner may gain some over-insurance between revaluations.

(I did query this with C-Line last year)

[dcnsx]

Classicline review the agreed value every two years

[philboo]

I told them my car club was NSXCB and they just noted it down, no more questions asked about it.


Pleased to say I've gone with classic line too. Thanks to the forum/thread.

[NSX100]

Pleased to say I've gone with classic line too. Thanks to the forum/thread.

I have just renewed with Classic Line. It was they who suggested that I up the valuation so it is now £60,000 (still a bit low perhaps) and the annual premium was £450 for 5,000 miles, garaged and in Aberdeenshire so deemed a low risk area. I was very impresssed with their attitude and willingness to readily agree a valuation. And it includes lots of extras that other firms charge for.

[Pride]

I have just renewed with Classic Line. It was they who suggested that I up the valuation so it is now £60,000 (still a bit low perhaps) and the annual premium was £450 for 5,000 miles, garaged and in Aberdeenshire so deemed a low risk area. I was very impresssed with their attitude and willingness to readily agree a valuation. And it includes lots of extras that other firms charge for.

They also struck me as very professional and understanding too, it makes a change with insurance company's I must say.

[m666 edd]

What's my best option these days for a modified NSX with mileage around the 2-3k mark?

[Pride]

What's my best option these days for a modified NSX with mileage around the 2-3k mark?

Send Ozmondo a pm, you won't get a more modified NSX than his and he's under 30 years of age as well.

[Hagasan]

What's my best option these days for a modified NSX with mileage around the 2-3k mark?

Bloody hell!! What stone did you crawl out from under Mr Gadget? How are you doing?

[NSXGB]

Bloody hell Ed, you've been a bit absent lately! ! Welcome back!

[m666 edd]

I'm good cheers.
The trouble I have is Competition Car Insurance who I've used for quite some number of years now quote through Footman James instead of Aviva. They require a tracker to be installed due to the value of the car, although there's no chance of theft where the car is located around the back of the house. I've got a quote from Adrian Flux but they're a fair bit more expensive than what I've paid in the past. My last quote from CCI was £338 but now I'm looking at £560 with Adrian Flux, unless I find better.

[Senninha]

Hi Buddy, great to hear from you and glad all is ok bar the insurance ...

I was with Comp Car for years but had to move due to sharp premium increase ... I'm now with ClassicLine and back to original level of premiums, give them a call if you haven't done so already on 01455 639 000 (tel:01455%20639%20000)

Hope this helps, rgds Paul

[NSXGB]

Classic Line all the way Ed. Get it sorted and come on the Euro trip next month.

[m666 edd]

Classic Line all the way Ed. Get it sorted and come on the Euro trip next month.

I'd like to but I'm trying to save money at the moment - What's the going rate for a set of genuine 2003 NSX R wheels? I'd be willing to part with them for the right price :-)

For people who know my car - 1992 Black, manual, 68k miles, fairly modified but pretty standard looking. What would you say is the minimum value for it? I think I might be under valuing it on my insurance.

[NSXGB]

I'd like to but I'm trying to save money at the moment - What's the going rate for a set of genuine 2003 NSX R wheels? I'd be willing to part with them for the right price :-)

For people who know my car - 1992 Black, manual, 68k miles, fairly modified but pretty standard looking. What would you say is the minimum value for it? I think I might be under valuing it on my insurance.

About £400, where do you want the money sent? :)

Car I would think £40-50k.

[havoc]

Car I would think £40-50k.

I was thinking early-40s if modest modifications, less if 'individualist' mods and the OE parts not available, more if desirable mods / proper enhancements.

But there are people out there chancing similar cars at £50k, so if you find the right buyer...

[lotusolly]

I'm insured with Classic Line after having BIG issues with RSA when I had to make a claim. They certainly seem to be the cheapest for a desirable policy and easy to deal with to buy, but has anybody had the misfortune to find out what they are like to deal with if you have to make a claim?

Olly

[Pride]

Classic Line Insurance is certainly not your average boring insurance company as you will see from the links below:

http://www.classiclineinsurance.co.uk/hinckley-classic-car-show-2017/

https://m.youtube.com/c/ClassicLineInsuranceUK

http://www.classiclineinsurance.co.uk/classics-just-arent-destined-greatness/

http://www.classiclineinsurance.co.uk/movies-cars-star/

and my favourite:

http://www.classiclineinsurance.co.uk/car-songs-rev-motor/

[dcnsx]

Well I rung them the other day to increase my annual mileage allowance. With just 4 weeks remaining till renewal they wanted another £53, so I guess their policies of fleecing customers is just the same as all the others!

[Pride]

https://www.confused.com/on-the-road/cost-of-motoring/what-the-price-index-means-for-you

[paulc]

I recently renewed my insurance with Performance Direct, Fully Comp, agreed value and 3000 annual mileage and for £174

[dcnsx]

I recently renewed my insurance with Performance Direct, Fully Comp, agreed value and 3000 annual mileage and for £174

That’s a really good price! Have you been with them long and get a loyalty discount?

[paulc]

Hi Dave, no first time I've been with them, got a quote via Confused.com.

[havoc]

Well I rung them the other day to increase my annual mileage allowance. With just 4 weeks remaining till renewal they wanted another £53, so I guess their policies of fleecing customers is just the same as all the others!

Depends on what the mileage change was and what the original premium was. If you'd paid £300 to start with on a 3,000 mile policy, and went up to a 5,000 mile policy, then very simply speaking your 'risk' of an on-road accident (vs theft) just went up by 66%, but your premium only went up by 17%. Which doesn't seem unreasonable to me...



I've never had to claim from C-L but they've (almost) always been decent to deal with over the phone. Only issue now is the new 'agreed value' set-up, where they now say the servicing garage can't issue an opinion on the value (as they're biased, somehow...) but another specialist garage or specialist trader (that's never seen/dealt with your car) can...
...which seems to be pushing you down the route of using their valuers and paying their fee. I think it's a carry-over from other marques where the Owners Clubs do this sort of thing and there's more of a 'market' for the cars...


Anyone else comment / anyone with a different insurer explain what the A-V process is elsewhere?

[Pride]

Depends on what the mileage change was and what the original premium was. If you'd paid £300 to start with on a 3,000 mile policy, and went up to a 5,000 mile policy, then very simply speaking your 'risk' of an on-road accident (vs theft) just went up by 66%, but your premium only went up by 17%. Which doesn't seem unreasonable to me...



I've never had to claim from C-L but they've (almost) always been decent to deal with over the phone. Only issue now is the new 'agreed value' set-up, where they now say the servicing garage can't issue an opinion on the value (as they're biased, somehow...) but another specialist garage or specialist trader (that's never seen/dealt with your car) can...
...which seems to be pushing you down the route of using their valuers and paying their fee. I think it's a carry-over from other marques where the Owners Clubs do this sort of thing and there's more of a 'market' for the cars...


Anyone else comment / anyone with a different insurer explain what the A-V process is elsewhere?


Thats interesting Martin as CL only asked me for what I personally thought it was worth backed up with photos which after a couple of weeks they approved and agreed.
CL didn't ask for a valuation from my servicing garage they just asked what I think it was worth and went from there.

[havoc]

Did you pay them a fee for that?

And how long ago...the change is within the last year I believe.

[Pride]

It was November last year, I will call them to renew over the next few days so will let you know what they say this year.

[Pride]

Did you pay them a fee for that?

And how long ago...the change is within the last year I believe.

My Classic Line renewal quote is only £191 for an agreed valuation which they signed off last year on photographic proof.

They didn't ask for a further £20 to continue the valuation this year, which is good.

For my second car insurance quote by Classic Line insurance they are £50 cheaper than RAC and over £100 cheaper than the AA.

All in all I'm very happy as I had an SP30 speeding endorsement I had to declare back in September.

[L696ULO]

My Classic Line renewal quote is only £191 for an agreed valuation which they signed off last year on photographic proof.

They didn't ask for a further £20 to continue the valuation this year, which is good.

For my second car insurance quote by Classic Line insurance they are £50 cheaper than RAC and over £100 cheaper than the AA.

All in all I'm very happy as I had an SP30 speeding endorsement I had to declare back in September.


That's a good price, I renewed mine last month with Classis Line and it was £337 garaged and a 3,000 mile limit!
Btw you only pay the £20 agreed valuation every 2years (unless you change the value) mine was up this year so that was extra and I had to send in photos again

Rich

[havoc]

That's a good price, I renewed mine last month with Classis Line and it was £337 garaged and a 3,000 mile limit!
Btw you only pay the £20 agreed valuation every 2years (unless you change the value) mine was up this year so that was extra and I had to send in photos again

Rich
Mine was similar to that...must be because Clive's old...good job they've not seen his driving! ;)

[NSXGB]

Did anyone else get a bogus email from Classicline Insurance in the last few days? Trying to work out whether my email account has been compromised or Classicline, as it was a reply to an email I'd sent to Classicline....

[Pride]

Did anyone else get a bogus email from Classicline Insurance in the last few days? Trying to work out whether my email account has been compromised or Classicline, as it was a reply to an email I'd sent to Classicline....

You’ll get a further 15% of your renewal or quote from Classic Line insurance by joining the NSX Club, they will ask for your Club membership number which is then cross referenced on their and our data basis.

It really couldn’t be a better time to join Simon, even if it’s for that reason alone.

https://www.nsxclub.co.uk/

[Senninha]

Hi All,

It’s time to renew my insurance and as we all know, premiums have jumped loads thanks in part to inefficient electric cars that have a high likelihood to be written off in accidents … Im currently with ClassicLine and have been for some time but the proposed renewal at £541 for 3k miles seems a lot to me. Who are the current preferred insurers to include NCB protection and guaranteed vehicle values please?

Many thanks, Paul

[L696ULO]

Hi Paul

As a guide in October I renewed with Adrian Flux for £315(up from £208) this was for 2k annual mileage, £60k agreed value and I have just noticed my no claims isn’t protected.��
Also there is no breakdown included which I think there is with ClassicLine
Might be worth a call

cheers Rich

[unclebob]

Has anyone renewed with an agreed value of or around 90 to 100k? What sort of premiums have you come across for this if you have?

[NSX 2000]

This is worth a read re high end cars.

https://www.pistonheads.com/gassing/topic.asp?h=0&f=63&t=2067833