Insurance

[Spicytreats]

Hi, for the last couple of years I have insured my Cayman Gen 1 with Footman James, using both their Flex option, where I insured my daily runnabout car alongside my Cayman and, when I first bought it, on its own.
This year I have decided to insure the daily separately and requested a renewal price just for the Porsche. To be honest, I was shocked when they came back with a cost of £1600! It is on an agreed value policy, so I wonder if the drop in values recently has impacted on the insurance costs? I'm 60, with a clean licence. My partner is also on the policy and she has a clean licence too.

I'd welcome any thoughts and recommendations please.

Cheers,
Graham

 

[Twinfan]

That's crazy unless you live in a crime hotspot or you're doing intergalactic mileage!

Try the comparison sites and the Club's partner, Lockton.

 

[911hillclimber]

Silly price in my recent experience.

Not with agreed valuation, but my 2009 Boxster, all clean me and the car, just over £300 with LV, max NCB, but 5,000 miles/ year.
Wife on the car too, but she never drives it.

 

[malarcy]

they dont want the business - specialists like classicline and adrian flux camei n around 450 for me (with addons I didn't want, and clauses I didn't like) - but its 300 on the multi car cover with admiral - of course - proof of value comes if you need to claim and insurance by definition is a game of charge most/pay least and motor insurance in particular is legalised theft but we have to have it....

 

[ian.wheatley]

Admiral. 360 year for a 60 year old clean driving licence 997.2 and 8,000 miles per year

 

[Spicytreats]

Thanks for your replies. Got to the bottom of it, rang Footman James and it was explained to me that the underwriters had put a cut off in place that if your car was later than 2003, then the policy cost would be a whole lot more. So by removing my daily, I went back to a single classic policy. Surprisingly, I got a resolution I'm more than happy with, I reinstated the Flex policy with the daily on it as before and instantly saved over a grand! Price for this years Flex is now £600, which isn't bad for two cars and the Porsche on an agreed value. Just goes to show, sometimes helps to speak to someone, rather than deal with robots!