Agreed value insurance

[indi pearl]

P1 NSX comes up for insurance renewal in a few months time. I have been with Footman James for the last five years with an agreed value. However I will need to have the car re-valued this time and it was a nightmare getting it done 5 years ago. All my local (Bournemouth, Southampton) Honda main dealers would not provide the required written valuation claiming they were not NSX specialists and therefore could not value the car! In the end I got the required documents from a fellow NSX club member who worked for Chisick Honda in London. I understand he has long left.
Who are the best (with the least intrusive requirements) agreed value insurers and how do I go about getting the required valuation.
Many thanks all.

[NSXGB]

Try Competition Car Insurance.
WRT the valuation, I have an agreed value with them - told them how much it was worth with declared mods.
I would imagine that in the event of any claim with any insurer though, whether you have a professional valuation or not, you will still have to negotiate the final value based on vehicles currently for sale or recently sold.

[havoc]

I'm with ClassicLine - they would only agree value for two years (which means it's nearly due, actually), but the process wasn't TOO difficult.

[Senninha]

Competition car ins, really easy to work with ...

Have you tried doing an HPI on your NSX? This is what I did as I purchased privately and CCI were happy to accept with 6 photos of the car. They used to prefer modified cars but I don't know if this is still the same.

Premiums are sensible too

Regards, Paul

[L696ULO]

I use Hagerty who are knowleable with the NSX, with agreed valuation and required photos of 4 exterior corners, speedo , interior and engine bay.

[indi pearl]

Thank you all, looks like I will be busy checking out the insurers recomended.

[NSXGB]

I use Hagerty who are knowleable with the NSX, with agreed valuation and required photos of 4 exterior corners, speedo , interior and engine bay.

I'd be interested in whether Hagerty offer trackday cover and are receptive to a few modifications which is the thing I like about CCI...

[manisandher]

I have an agreed value with ClassicLine also. Spoke to Darren Coote over the phone and then emailed him a number of hi-res pics, along with scans of the service book and my purchase receipt from the previous owner. Agreed value is £45K (a little more than I paid for the car last year). Valuation will be reviewed every two years (Darren believes it will go up slowly).

HTH.

Mani.

[matpp]

I'm also insured with Classicline insurance and have renewed today BUT the value of the vehicle is NOT currently agreed. They state I have to obtain a written valuation from a recognised car club, assessor or valuer. Is NSXCB a recognised car club and if so, can anyone provide a valuation?

Cheers,

[Senninha]

I'm also insured with Classicline insurance and have renewed today BUT the value of the vehicle is NOT currently agreed. They state I have to obtain a written valuation from a recognised car club, assessor or valuer. Is NSXCB a recognised car club and if so, can anyone provide a valuation?

Cheers,

Hi Mathieu,

I used HPI service to obtain a valuation and this was accepted by the Insurance company.

HTH,

regards, Paul

[kingsley]

Hi Mathieu,

I am currently with B-Wise with agreed figure all they wanted was photos of interior, speedo, engine bay, wheels, front/back/sides showing doors. I also sent photo on side boot and under front bonnet. I think I will move to Admiral as we have 3 cars with them and add NSX to multi-car policy. The quote they gave me was cheaper than B-Wise last year. They are just starting to get in to the classic car market. Problem I had was most of the Classic car insurance companies will not insure because the vehicle is not old enough. Shop around Mathieu and give yourself a few weeks before policy is due.

Take Care Kingsley.

[amo]

Got mine with Chaucer with a value and 6 track days
Thx amo

[m666 edd]

Got mine with Chaucer with a value and 6 track days
Thx amo

But you don't even drive the car do you? ;)

[TheSebringOne]

Amo, I know life very busy, but hows the beast doing these days, not you but the NSX!

[amo]

ya she is gettin there should have it back april if i do will try to get her runin and down japfest
been too long lol

and yes i know not driven it in a long while but new house n kids so better for the car to get done slow lol
thx amo

[matpp]

I asked Bryan at Norton Way if he would kindly give me an insurance valuation as he knows the car. After numerous calls to Norton Way, over 2 weeks later, Harry Granger phones me to tell me it's worth £15K!!!!!.....based on a car he'd seen on Autotrader (probabaly the one with the bad shut lines and wonky fog lamps).

I had 2 weeks to get a valuation to the insurance company....the 2 weeks has now passed and the opportunity is now missed......NOT HAPPY.

Cheers,

[havoc]

Not surprised...why people can't just say "no" up front never ceases to annoy me - I'd far rather people were honest and up-front with you than strung you along just to avoid 'giving offence' by refusing - messing someone around tends to offend more!

From my research a couple of years ago some insurers will consider the Secretary / Admin of a classic car club as knowledgable enough to give a value...but we've not got anyone "full-time" on that, just owner-volunteers for as long as they're happy to spend the time. That said, could/would a small group of longer-standing/more knowledgable club members be happy to perform that service - maybe average of 3 people's estimate?

[matpp]

Not surprised...why people can't just say "no" up front never ceases to annoy me - I'd far rather people were honest and up-front with you than strung you along just to avoid 'giving offence' by refusing - messing someone around tends to offend more!

From my research a couple of years ago some insurers will consider the Secretary / Admin of a classic car club as knowledgable enough to give a value...but we've not got anyone "full-time" on that, just owner-volunteers for as long as they're happy to spend the time. That said, could/would a small group of longer-standing/more knowledgable club members be happy to perform that service - maybe average of 3 people's estimate?

That was exactly my question earlier in this post. This is what Classicline quote on their vehicule valuation form:

"Vehicles Over £20,000
If you feel that your vehicle has a value which is significantly in excess of £20,000, you will need to have the‘Vehicle Condition’, ‘Vehicle Value’ and ‘Authorisation’ sections of this form filled in by a relevant Car Club Official, Automotive Valuer or Vehicle Assessor. If it is more convenient, we will also accept a separate valuation from relevant Car Club Official, Automotive Valuer or Vehicle Assessor as long as it is submitted on their official letterhead.
We will need to see a minimum of three colour images of the vehicle - one in which the number plate is clearly visible, an image of the vehicle’s interior and an image of the engine bay. Images can be posted to us or sent by email to valuations@classiclineinsurance.co.uk
with the subject ‘Valuation Images’ and your details in the body text."

I spoke to Darren Coote of Classicline yesterday who seemed very knowledgeable about the NSX and has asked me to send him various documentation and photos to see if he will agree a valuation for my car.

However, it would be a great service if a small group of longer-standing/more knowledgeable club members could perform this task for its members in the future.....any volunteers?

Cheers,

[scottg]

I use Hagerty who are knowleable with the NSX, with agreed valuation and required photos of 4 exterior corners, speedo , interior and engine bay.

I have just had a quote from Hagerty for a car I am considering buying and I have to say they were excellent to deal with

[havoc]

I've insured with ClassicLine all 3 times. Valuation is probably due for renewal - they only last 2 years. Did say they'd let me know, but I'm sure it's over 2 years now...will have to check.

[PeterW]

I have just had a quote from Hagerty for a car I am considering buying and I have to say they were excellent to deal with
I'm also shopping for agreed value insurance. As mentioned by others, ClassicLine wanted a 3rd person valuation. I explained this wouldn't be possible and they said they'd get back to me; so far they haven't. Hagerty were able to give me a quote straight away, and the process for setting up the agreed value seemed straightforward - no 3rd person valuation, just photos (and maybe documents?). Hagerty don't cover track days on the policy though; if you want cover for that, they would set it up on a case by case daily rate. I guess that might be expensive.

Somebody earlier in this thread made a comment that even with agreed value insurance you'll have to haggle on the value if you need to make a claim. I checked this with Hagery and they told that the agreed vaue is the agreed value - if the car is nicked or written off, that's what you get. No haggling.

Definitely a useful thread this one. Thanks for the useful discussion. No saddos here ...;)!!


Peter

[manisandher]

For anyone who's interested...

I just received an email from ClassicLine insurance agreeing to increase the valuation of my car from £45K to £50k. There is no increase in my premium. Darren Cootes at CL is an experienced valuer and believes good examples of NSXs will only go up in value as they become rarer...

Mani.

[kingsley]

Like others here my insurance is due shortly. I have been with B-Wise in the past however, I have recieved quotes from Haggerty and A-Plan both very close. All are happy to have an agreed value all they request is 6 photos of the car. No other information is necessary....The only main difference seems to be on windscreen cover, Haggerty will only provide up to £1,500.00 per claim . A-Plan have no limit and are £25.00 cheaper. Having seen the cost of new windscreens on the forum..... Haggerty seem to have more NSX cars insured with them. Will need to decide soon.

Kingsley

[Senninha]

Kingsley,

Have you tried Competition CAr insurance? They now have a number of NSX on the books ... worth checking bfore you decide ...

W\screen cover looks good for the quotes you have

regards, Paul

[NSXGB]

Competition car insurance only has £1000 windscreen cover. Don't know if that can be increased.

[matpp]

Just to conclude this post, Darren Coote of Classicline agreed a valuation on my car after sending him various documentation and photos. He appears very knowledgeable about NSX's so if anyone has this problem in the future, give him a go.

Cheers,

[kingsley]

I have now renewed my insurance and have moved to Haggerty seems as if there are quite a few other members insured with them. I liked tha idea of haggle free agreed value couplde with cost effective quote ......I then mention if there was any discount for being a member of NSXCB ....provided membership number and as by magic £80.00 off.......Pleased you bet. Always worth a try.


Kingsley

[PeterW]

I'm going through the same process. I was previously with Tesco, unlimited mileage. I haven't found anywhere cheaper, but they don't do agreed value. Haggerty told me they will not allow more than 3,000 miles a year and I'm doing about 5,000, so that didn't work for me. I tried loads of companies - Competition Car, don't do agreed value; Admiral, car too young, < 20 yrs; Classicline, need a third party professional valuation (does anybody do it?); Heritage, need an approved tracker; Need2Insure, can do it but not at reasonable cost because car is <20 yrs old; etc, etc. Some won't do track days.

The only one which I found which ticked all the boxes for me was Adrian Flux. I've sent them the info they requested to determine the agreed value and I'm waiting for their reply. I told them what agreed value I was looking for, and it's more than what I paid for the car a year ago. A combination of having spent quite a bit on sorting stuff out and preventive maintenance and my view that the market has firmed. I'm waiting to hear. I did tell them that if they would come back with a valuation out of Glass's Guide I might as well insure the car with Tesco and save myself £170 a year. Fingers crossed.

Peter

[Senninha]

Peter,

I would challenge the info provided by Competition as several of us ARE insured with them and get;

- agreed value
- track days
- euro cover
- 5000 miles pa
- protected bonus
- windscreen cover (must check value)

I've been with them 5 yrs and had all of this since day 1 ...

regards, Paul

[Lankstarr]

Would be helpful to give rough prices on here - cci for me was 389, I'm 32, gteed value set at their maximum which is 50k.

May have to move next year as ideally I'd like value at 60+ given the car and all the bits on it.

L*

[NSXGB]

Widscreen cover is £1k on my CCI policy but I'm sure you can get that increased.

They will also give a further discount if you have been on a driver training program like the Andrew Walsh days (must get one organised finally).

With CCI I also declared all modifications and still returned a very reasonably priced policy.




Peter,

I would challenge the info provided by Competition as several of us ARE insured with them and get;

- agreed value
- track days
- euro cover
- 5000 miles pa
- protected bonus
- windscreen cover (must check value)

I've been with them 5 yrs and had all of this since day 1 ...

regards, Paul

[kingsley]

I'm going through the same process. I was previously with Tesco, unlimited mileage. I haven't found anywhere cheaper, but they don't do agreed value. Haggerty told me they will not allow more than 3,000 miles a year and I'm doing about 5,000, so that didn't work for me. I tried loads of companies - Competition Car, don't do agreed value; Admiral, car too young, < 20 yrs; Classicline, need a third party professional valuation (does anybody do it?); Heritage, need an approved tracker; Need2Insure, can do it but not at reasonable cost because car is <20 yrs old; etc, etc. Some won't do track days.

The only one which I found which ticked all the boxes for me was Adrian Flux. I've sent them the info they requested to determine the agreed value and I'm waiting for their reply. I told them what agreed value I was looking for, and it's more than what I paid for the car a year ago. A combination of having spent quite a bit on sorting stuff out and preventive maintenance and my view that the market has firmed. I'm waiting to hear. I did tell them that if they would come back with a valuation out of Glass's Guide I might as well insure the car with Tesco and save myself £170 a year. Fingers crossed.

Peter


Peter,

Have you tried A Plan or B-Wise both offered me an agreed value. You mentioned Admiral would not insure your car. We have a multi-car policy with 3 cars on it. When I wanted to add the NSX there was no problem. These insurance companies make no sense to me. Adrian Flux informed me the car was not old enough to be classed as a classic.

Kingsley

[WhyOne?]

I have just received a renewal quote from Chris at CCI - £312 for the year, agreed value at £39,999.

Most impressed with both the quote and the efficiency of service.

[kingsley]

Hi Whyone,

Great quote ....thanks for sharing that info will certainly give them a call next year....lot cheaper than mine.

Kingsley

[alias_monkey]

Hi All

Interesting thread, my car is due for renewal in August, I have yet to get it valued. I like the idea for the members to create a panel for giving a valuation. Where would my car sit amongst you guys?

Kind Regards
Kirit

[havoc]

I need to renew my agreed value with ClassicLine, but having had it professionally done once (by Kaz), they've agreed on this occasion to take a self-submitted form with pics and my estimate of the value change.

Kirit - you've an early 3.2 with a 'public' history...on current form, in good condition, it's got to be worth somewhere in the £30k mark, if you ask me. Definitely late £20s, possibly more if someone values the history of the car...but I'm still quite new to NSX ownership (2.5yrs).

[howellr]

Hello Whyone,
I have also asked and got a reply from Chris at CCI.

He is asking me to send proof of my membership of this forum. Apart from printing a page showing my name. Is there a good way to 'prove' this ?

Regards

[WhyOne?]

Hi,

I haven't been asked to do this (yet), but my renewal isn't up fro a couple of weeks - have you actually accepted a proposal?

I am not entirely sure how you would demonstrate your membership given many people, myself included, have forum names which bare no relation to our real names?

[m666 edd]

I think I just e-mailed a screen grab of the "about me" page or printed it. Either way it wasn't a problem.

[howellr]

As the quote is less than half of my current cost, I will be moving ahead (£800+ down to £350). The excess is slighly more (£100) but I'm ok with that.

[indi pearl]

Update.
Thanks to all for their sugestions for agreed value cover.
I have now renewed with Hagerty. Agreed value of £30k (photo's and mileage confirmation), legal, uk and eu recovery, 3000 miles pa and wife allso covered as a driver(!) for £460. Very helpfull on the phone and straightforward documentation.

[PeterW]

Peter,

Have you tried A Plan or B-Wise both offered me an agreed value. You mentioned Admiral would not insure your car. We have a multi-car policy with 3 cars on it. When I wanted to add the NSX there was no problem. These insurance companies make no sense to me. Adrian Flux informed me the car was not old enough to be classed as a classic.

Kingsley
Hi Kingsley,

I was already far enough down the road with Adrian Flux that I didn't want to start with another company. I just heard back they accepted the value agreed I asked for, which was £25k. They just needed 7 photos. Premium's a bit higher than other posts, ~£600 for 5000 miles a year and including the wife. But as I mentioned in my previous post, I didn't find anybody else. Strange that I wasn't able to to get a quote from Competition Car Insurance, while other people have posted that they did. I checked my notes and confirm CCI wouldn't do agreed value for me. They were very helpful and referred me to another company Need2Insure, who were also helpful but very expensive.
Peter

[Chris B N]

Just changed to Hagarty, UK and EU recovery, agreed value at £25K, 3000 miles, £1500 glass and £100 excess, Wife and Son included as drivers £430. Better overall cover and £110 cheaper than renewal quote from Saga who in the past had always been competitive and had in the past insured all 3 cars with them.
Hagarty will be at Silverstone Classic and happy to chat. Understand they have quite a few NSX on their books.
Chris

[Kippers]

Hi Kingsley,

I was already far enough down the road with Adrian Flux that I didn't want to start with another company. I just heard back they accepted the value agreed I asked for, which was £25k. They just needed 7 photos. Premium's a bit higher than other posts, ~£600 for 5000 miles a year and including the wife. But as I mentioned in my previous post, I didn't find anybody else. Strange that I wasn't able to to get a quote from Competition Car Insurance, while other people have posted that they did. I checked my notes and confirm CCI wouldn't do agreed value for me. They were very helpful and referred me to another company Need2Insure, who were also helpful but very expensive.
Peter

I've been with Competition Car Insurance for the last two years (thanks to this site) but this year their underwriters, Aviva, have decided not to allow cars that are the primary vehicle so I've had to start trawling the "agreed value" car insurance companies – without much luck so I need some advice/help/reassurance please!
My NSX is an 02 plate so not regarded as a “classic” plus it’s my only car, albeit doing less than 5k miles a year. I’d been advised (by a friend, based on??) to go for an agreed value of £30k (it’s a standard manual, 40k miles).

This combination meant that Hagerty, Performance Direct, Footman James, Be Wiser, Keith Michaels couldn’t help.

A-Plan came up with Hiscox for a premium of £1000 then Adrian Flux quoted £645 for a quote underwritten by Markerstudy. I have one more company to try, Mayfair Insurance, but then I run out of ideas.

Is Adrian Flux okay as I’ve read some interesting reviews of them on the internet (however, one can find complaints about all of them I guess)? Does anyone have any further recommendations of companies to check?

Any help much appreciated!
Karen

[Sudesh]

I've been with Competition Car Insurance for the last two years (thanks to this site) but this year their underwriters, Aviva, have decided not to allow cars that are the primary vehicle so I've had to start trawling the "agreed value" car insurance companies – without much luck so I need some advice/help/reassurance please!
My NSX is an 02 plate so not regarded as a “classic” plus it’s my only car, albeit doing less than 5k miles a year. I’d been advised (by a friend, based on??) to go for an agreed value of £30k (it’s a standard manual, 40k miles).

This combination meant that Hagerty, Performance Direct, Footman James, Be Wiser, Keith Michaels couldn’t help.

A-Plan came up with Hiscox for a premium of £1000 then Adrian Flux quoted £645 for a quote underwritten by Markerstudy. I have one more company to try, Mayfair Insurance, but then I run out of ideas.

Is Adrian Flux okay as I’ve read some interesting reviews of them on the internet (however, one can find complaints about all of them I guess)? Does anyone have any further recommendations of companies to check?

Any help much appreciated!
Karen

You £30k agreed value is too low in my opinion. If you had to replace that car today, Id be surprised if £40k would buy one. A cat D [damaged] facelift car sold for around £30k.

As for other advise on Insurance, I can't really help as I have a fleet policy and also classic insurance.

[Silver Surfer]

I would agree with Sudesh ..for a 02+ Imola..I would say a minimum of £50K as the last 4 02+ NSX sold for around that price.
I have been with Adrian Flux for 3 years 2 years ago with my RS4..the were competitive for the 1st year but will try to pull a fast one on year 2 etc. Fortunately I did not need to claim so can't comment whether when their claims department is any good.
There is a Pistonheads threadon PH with people post comments and interact with a guy called Ash.
I would suggest go for it and get insured and then spend the next year to find another insurer.

SS

[Kippers]

You £30k agreed value is too low in my opinion. If you had to replace that car today, Id be surprised if £40k would buy one. A cat D [damaged] facelift car sold for around £30k.

As for other advise on Insurance, I can't really help as I have a fleet policy and also classic insurance.

Apologies, I should have mentioned that mine is a Cat D (damage) too - interestingly it was while Honda still owned the car! Thank you for the swift reply and advice.

[Kippers]

I would agree with Sudesh ..for a 02+ Imola..I would say a minimum of £50K as the last 4 02+ NSX sold for around that price.
I have been with Adrian Flux for 3 years 2 years ago with my RS4..the were competitive for the 1st year but will try to pull a fast one on year 2 etc. Fortunately I did not need to claim so can't comment whether when their claims department is any good.
There is a Pistonheads threadon PH with people post comments and interact with a guy called Ash.
I would suggest go for it and get insured and then spend the next year to find another insurer.

SS

Again, apologies ref the Cat D bit, completely forgot to mention it. Guess that's why the £30k was mentioned to me rather than £40k+!

As to the insurance comments, many thanks, really appreciate your advice and I will check out the Pistonheads thread too..

Thanks again to you and Sudesh,
Karen

[Senninha]

Apologies, I should have mentioned that mine is a Cat D (damage) too - interestingly it was while Honda still owned the car! Thank you for the swift reply and advice.

That would make it a red one? Hope you're enjoying it ... In my opinion you would struggle to replace your car even with another catD at £30k so would position mid 30's

welcome to NSXCB

regards, Paul

[Sudesh]

Ah right! That adds a bit more light to it, but as Paul said, would be still be hard to replace like for like, at £30k today.

[Kippers]

That would make it a red one? Hope you're enjoying it ... In my opinion you would struggle to replace your car even with another catD at £30k so would position mid 30's

welcome to NSXCB

regards, Paul

I'm amazed at how quickly people respond on here!

Nope, it's Imola Orange (rather appropriate given the anniversary today of Mr Senna's death), based in Bucks. I've actually had the car for six years and used to drive it literally every day but now it gets a rest (bit of a shame for the car really). I keep thinking I should sell it but then I catch sight of it, smile, and then I can't bear to part with it...!! It's the only car that I've ever had that gets a thumbs up or wave from pedestrians and motorists when I'm out in it - my old MGs used to get the occasional headlight flash but nothing like the reaction to the NSX!

Thanks for the welcome and the suggested value,
Karen

[Kippers]

Ah right! That adds a bit more light to it, but as Paul said, would be still be hard to replace like for like, at £30k today.

Thanks again - it's really difficult to find any comparable examples for sale so your input is most welcome. Think I may well up the value then and see what it does to the premium.
Karen

[lotusolly]

I am insured through Footman James but took my original policy with AON who were then taken over by Footman James and the policy is underwritten by RSA.

When I initialy took the policy they had different levels of classic cover. My first insured car with them was my lotus which was only 6 years old at the time but they called it either a modern or future classic. Basically a classic type policy without the car needing to be over 15 years old. Restricted mileage, garaged overnight and must have use of another car but agreed valuation and 5 track days a year.

My current policy is restricted to 5000 miles with agreed valuation of 30K and currently pay £524 a year. Commuting to work was not initially allowed but they have since changed that and is now approved.

I agree with the others that your valuation is too low. I used my local Honda dealer for the valuation and they came up with £30K for a 95 car with 92k miles on the clock. I think they will accept any valuation from a professional source backed up by a good quality pic of each side of the car. I know Cat D makes things a bit tricky but in the current market a facelift car is going to be £50K+ unless there is something majorly wrong with it!

Olly

[scottg]

Hagerty are worth a try they are good people and I pay around £350 pa limited to 3000 miles on agreed value of 20k

[Sudesh]

Karen, is your car the facelift version?

[Kippers]

Karen, is your car the facelift version?

I believe so - it was first registed 22.03.02 by Honda UK and it doesn't have pop up lights.
K

[Kippers]

Olly/Scott
Thanks - but Footman James and Hagerty wouldn't quote unless the NSX was a second car or a classic. Unfortunately neither applies.
Karen

[Sudesh]

I believe so - it was first registed 22.03.02 by Honda UK and it doesn't have pop up lights.
K

Yeah it is lol, just checking.

[Kippers]

Yeah it is lol, just checking.

Sorry, I don't normally worry too much about the technicalities of the car, I just enjoy driving it (and looking at it)! It does get embarrassing in car parks and petrol stations though when I get quizzed on it by other drivers - it's a bit like having a dog, people stop to chat!

[Senninha]

Sorry, I don't normally worry too much about the technicalities of the car, I just enjoy driving it (and looking at it)! It does get embarrassing in car parks and petrol stations though when I get quizzed on it by other drivers - it's a bit like having a dog, people stop to chat!

which is one of the side benefits of looking after these wonderful cars ... there are a lot of people who have a genuine interest and often comment how rare they are.

Seeing as you drive her less these days you really should try and join us at one of the events we attend ... everyone is always welcome and we love to learn the history on these cars, especially those that have been tucked away for a while ....

regards, Paul

[PeterW]

Might be of interest ...

Just got the renewal notice from Adrian Flux. Slightly less than last year, £585 for 5000 miles a year including commuting and agreed value of £25k. I'm planning to increase that to £28k, which they said will not increase the premium but they nevertheless need to accept the higher value. They want new photos and a £15 fee for the valuation.

I'm quite happy with that.

No track use included, but I don't have enough head room for a helmet anyway!

Peter

[manisandher]

ClassicLine are happy to issue me an agreed valuation of £55K for my car (for a premium of £395 this year), but not to go up to £60K, which I think is more in line with what I'd have to pay to get an equivalent car in today's market.

Any thoughts or pieces of advice?

Cheers, Mani.

[scottg]

ClassicLine are happy to issue me an agreed valuation of £55K for my car (for a premium of £395 this year), but not to go up to £60K, which I think is more in line with what I'd have to pay to get an equivalent car in today's market.

Any thoughts or pieces of advice?

Cheers, Mani.


Try Hagerty Mani. They only ensure collectable cars, I have my car with them and they are very helpful. You also get through to a human being who talks to you which is a novel approach now a days

Good Luck
Scott

[kingsley]

I recieved quotes from Haggerty and A-Plan both very close. Both are happy to have an agreed value all they request is 6 photos of the car. No other information is necessary. I went with Haggerty and they will not require any updated photos for 3 years. Easy........... Haggerty will only provide up to £1,500.00 per claim for windscreen cover . Haggerty seem to have more NSX cars insured with them. Not sure about track days. My policy does exclude them.

Kingsley

[NSXGB]

I recieved quotes from Haggerty and A-Plan both very close. Both are happy to have an agreed value all they request is 6 photos of the car. No other information is necessary. I went with Haggerty and they will not require any updated photos for 3 years. Easy........... Haggerty will only provide up to £1,500.00 per claim for windscreen cover . Haggerty seem to have more NSX cars insured with them. Not sure about track days. My policy does exclude them.

Kingsley

£1500 should be just enough these days for a windscreen replacement on our cars. I had mine done about 2 years ago & they struggled to do it for £1000 but did. Had to shop around for that.

[Chris W]

Thanks again - it's really difficult to find any comparable examples for sale so your input is most welcome. Think I may well up the value then and see what it does to the premium.
Karen

This thread gave me some alarm... First I need to check my windscreen cover! But mainly, the prices talked about here are way above what I have "guesstimated" for my insurance (which is via Adrian Flux by the way). I think I told them something like £30 or £35k which is quite below what I paid in 2005. But I just saw a similar (2004 reg) for sale for nearly £65k (which must be bonkers but it is pristine very low miles). http://www.4starclassics.com/Honda-NSX-For-Sale/

So I guess I should talk to Adrian Flux about this? Also I assume this "agreed value" applies to older more "classic" car policies. I assume 9 years is not quite "classic" yet. Though for the NSX some might say it was classic from day 1 :)

PS - Re the concerns about A.Flux... I used them for years and they are pretty good. But yes you need to watch them for "price creep" after the first year.

Chris.

[manisandher]

Try Hagerty Mani. They only ensure collectable cars, I have my car with them and they are very helpful.

Thanks for the advice Scott. Due to lack of time, I've just re-insured with ClassicLine on this occasion. Pretty peeved about the value though - still believe I'd have to pay >£60K for a like-for-like replacement... if I could even find one.

I know this question's been asked before, but is there a way we, as a club, could organise 'official' valuations? I mean, the silver has just gone for £80K at auction (well done Andy BTW!), so I bet most of our cars are simply massively undervalued by the insurance companies. If we could get 'decent' agreed values out of them, surely this would mean that fewer cars would be written off after being damaged.

Any thoughts?

Mani.

[Kaz-kzukNA1]

Or, you can always clip the sale Ad of our NSX on the web and use them to argue that the market price has gone up in case the worst happens to one’s NSX.
That’s what I have been doing for my policy rather than the agreed value one.
In 12 months time before your next renewal, you never know the changes in the value.....

Kaz

[manisandher]

Hi Kaz. I've tried to keep as many ads in my NSX file as possible. I missed the recent LBB that was advertised in the late £50Ks, and did ask here if anyone had screen-printed the ad, but no-one replied. I'm not sure how to get hold of confirmation that the recent silver '55 went for £80K at auction.

In any event, should the worse come to the worse, I'd already be upset and really wouldn't want to be arguing with the insurance company. Yes, values will probably rise within the next 12 months, but it's so reassuring to know that you'll get an agreed amount should something happen. I don't think I'm being unreasonable asking for an agreed value of £60K considering the current market. Has anyone else managed to get anywhere near this sort of agreed value for their NSX?

Mani.

[andy300]

hi mani , classic line now know what the nsx i had sold for at the auction as i told them today , it was with classic line with a agreed value of 65k , maybe they will now look again at late nsx values , andy

[Senninha]

Hi Mani,

http://www.silverstoneauctions.com/2005-honda-nsx-targa (http://www.silverstoneauctions.com/2005-honda-nsx-targa)

Click this link and print the page before it goes offline ... it clearly states sold for £80,500

should be all you need!

Well Done Andy.

regards, Paul

[manisandher]

Thanks Andy, that's fantastic. Hopefully it'll help, if not this year then next at least. [BTW, great to hear the car will be staying in the UK.]

Paul, thanks for the link. Another ad to add to the file...

Mani.