Insurance

[g944s2]

My renewal has come in from Admiral multi car but it's £100 more than last year with no claims made. As I'm replacing the BMW next month I thought I'd try separate quotes so Autonet quoted £140 for the S2, 5000 miles, parked on the street and including commuting which I thought was ok. I have 17 yrs no claims but not sure how it works if I insure the cars separately, as the new car will be worth significantly more than the S2 I wouldn't want to use the no claims on the Porsche and then have trouble using it when insuring the BMW next month. Is this likely to cause me any problems?

 

[944 man]

Ask for it to be mirrored.

 

[944Scott]

Most classic car polices don't take into consideration your NCB or allow you to accrue it on a vehicle insured on such a policy.

 

[pauljmcnulty]

ORIGINAL: 944Scott Most classic car polices don't take into consideration your NCB or allow you to accrue it on a vehicle insured on such a policy.

Your NCB is your own personal history of no claims. It can't be split between cars or poilicies, it's there on every vehicle you are covered on from work, private or classic. You should never be asked to allocate it to one vehicle or another: that's like suggesting you have no claims on one car, but a terrible driving history on the other one! I don't get an NCB as such on the Classicline policy on the 944. The premium is still calculated bearing in mind my personal driving record, including claims, offenses, and even non-fault claims (which annoys me), so it's a form of NCB as it rewards a good claim record. One thing is that you mention Admiral? If you are at all concerned about the payout if your 944 was written off, my S2 was officially valued at £1800 by a general insurer, and a small dent on one panel was deemed a write-off. I would have got a cheque for £1800, no rights to the salvage, and there was no option to choose a local repairer. You need to insure the car on a specialist policy, with an agreed value, or you are in a really difficult position in even the smallest accident. My S2 is covered for £7K value, and I can choose my own bodyshop, or in the event of a total loss I get the option to keep the car and repair it as a cat-c, or break it to recoup some of the money I've put in to it.

 

[PSH]

I agree with Paul...NCB is related to your driving no matter what car you may be in when having an accident...irrc that would/should include hire and borrowed vehicles. i'm not a fan of some of the cheaper insurers out there, you don't really know where you stand in an accident. You want an agreed value and a salvage buy back option for our classics, plus having any repairs done at a body shop of your choice. Pete

 

[Frenchy]

Just found out today that Locktons actually give you a years membership to PCGB, great comprehensive cover and reasonable when you work out what you are actually covered for, it even includes euro breakdown cover, salvage rights etc

 

[pauljmcnulty]

ORIGINAL: Frenchy Just found out today that Locktons actually give you a years membership to PCGB, great comprehensive cover and reasonable when you work out what you are actually covered for, it even includes euro breakdown cover, salvage rights etc

That's news to me about membership, and David from Locktons was at our recent conference! It's a great policy. My only reason for not going with them was that they were within a few £s on price, but I have a 10-plus years history with Classicline. When you deal with smaller businesses you come to appreciate loyalty both ways, and they have bent over backwards to help me so they deserved my continued support. The additional benefits from Locktons weren't useful for me, for instance track cover or European breakdown, but they don't add very much to the cost so it's a no-brainer if you need them. Locktons have an incredibly good record with the Ferrari and AM owners clubs, over a very long time. They are in it as a long-term business model, and they are working towards a similar deal with PCGB.

 

[944Scott]

ORIGINAL: pauljmcnulty

ORIGINAL: 944Scott Most classic car polices don't take into consideration your NCB or allow you to accrue it on a vehicle insured on such a policy.

Your NCB is your own personal history of no claims. It can't be split between cars or poilicies, it's there on every vehicle you are covered on from work, private or classic. You should never be asked to allocate it to one vehicle or another: that's like suggesting you have no claims on one car, but a terrible driving history on the other one! I don't get an NCB as such on the Classicline policy on the 944. The premium is still calculated bearing in mind my personal driving record, including claims, offenses, and even non-fault claims (which annoys me), so it's a form of NCB as it rewards a good claim record. One thing is that you mention Admiral? If you are at all concerned about the payout if your 944 was written off, my S2 was officially valued at £1800 by a general insurer, and a small dent on one panel was deemed a write-off. I would have got a cheque for £1800, no rights to the salvage, and there was no option to choose a local repairer. You need to insure the car on a specialist policy, with an agreed value, or you are in a really difficult position in even the smallest accident. My S2 is covered for £7K value, and I can choose my own bodyshop, or in the event of a total loss I get the option to keep the car and repair it as a cat-c, or break it to recoup some of the money I've put in to it.

With any insurance policy you are perfectly entitled to take the vehicle for repair to a bodyshop of your choice.

 

[pauljmcnulty]

With any insurance policy you are perfectly entitled to take the vehicle for repair to a bodyshop of your choice.

Indeed. But, the big insurers have you covered here. Firstly, given the book value they place on the car this often means repair isn't an option. Mine was valued at £1800, and the wing alone was £600 or so: factor in paint and fitting, and it's a write-off. You might choose a local bodyshop, but the insurance will only pay for new parts from Porsche for legal reasons, so you are stuck whether you go for the approved repairer or insist on your rights and go local. Secondly, the insurers make their profit from the additional services, not the cover you pay for. The courteousy car, the recovery, the approved bodyshop with the nice pot plant, the free coffee and the attractive receptionist: all costs to your repair. If you refuse the services where the insurer gets a claw-back, you aren't going to be getting any support from them. It's a tough market, so you need to deal with a company who understand the car and it's real value. That isn't Direct Line, We Compare Meerkats, or any of the big names. [&:]

 

[Richair]

I just made a call to Adrian Flux to get my 951 back on the road and I'm pleased to say I don't need to call anyone else. A shade over £250 with mods declared for 5k miles based on a value of £10k, with a very good level of cover (I'm a 31 year old home owner living in a fairly low risk area). I could probably get it a bit cheaper, but it really isn't worth the hassle for the time involved!