Lockton Insurance - Well Happy

[andy watson]

I agree, cheapest isn't always the best, but with an annual insurance premium of around £100 for my 944

I think it speaks for itself, good value, as this thread title, I am well happy []

Many people have had bad experiences with insurance companies, luckily I haven't, I insure the other vehicles with Admiral the X5 & 350Z are a combined £500 per year, when I have had to claim with them through no fault of my own I had no problems I even used my own garage.
After 13 years of ownership those £100 per year savings mount up!

If you want to pay out more than you have to, then I wish I had your Income Tax bill []

 

[zcacogp]

They're not the cheapest for me. Quotes are as follows;

Renewal with Privilege - £678.04 (as requested in the renewal letter they sent me)
Quote from Privilege via Confused.com - £248.19p

Yes, the renewal quote in the post was nearly three times the amount they quoted me for on-line.

Lowest quote from Locktons; £397.49p.

Excess is pretty much the same.

So, £150 more to go with Locktons than the cheapest on-line quote. I've never had to claim through Privilege but have a horrible suspicion that sticking hot needles in my eyeballs would be a more pleasant experience. They have most certainly been less than helpful when it comes to European cover, breakdown cover and various other things over the years. It's also worth noticing that the Locktons insurance policy includes European breakdown cover - something that I have already purchased for £70-odd from ADAC, and that alone makes up for nearly half of the extra cost.

I'm sorely tempted to go for the Locktons quote.


Oli.

 

[pauljmcnulty]

So, £150 more to go with Locktons than the cheapest on-line quote

If that's the full Club scheme then it's massively better than a standard policy, although you only get the value if you need the extras, of course. You're certainly dealing with a person when you speak to them, and Pete even managed to drag them on to the forum! []

As it's a specific PCGB partnership, it's worth asking what the difference would be if you were a member. You might find it's worth it just for that.

 

[zcacogp]

Agreed on all fronts McNulters, although there is a peace of mind element whereby you sleep more soundly knowing that if your P&J was to be bashed, scraped or nicked then you will have a load less hassle getting it sorted out. Given that it would only take the smallest of scrapes to write my S2 off, and hearing how unwilling insurance companies are to fight their policyholder's corner, it may be worth £150 for the reassurance that my insurance company is better than average - whatever that means.

I don't know whether the quote is assuming I am a club member or not. They didn't ask me and I didn't say I was.


Oli.

 

[JagdHamster]

Just renewed car insurance with Admiral Classic Car Discount (agreed value) for £130.38. £750 total excess, but otherwise pretty happy.

They can also tie this in with a Multi-car discount.

HTH,

Russ

 

[DavidL]

Locktons here. 250 for my modified turbo, wife and self to drive, 5k a year.
A plan could nearly match it but the policy wasn't as good.
The other cars are on a multicar policy but the mods rulled it out.

 

[GlennS]

I was rather disappointed with my Locktons experience.

I left a note on their web site with all my contact and car details requesting a call back. This duly happened, so far so good, but then when I told them it was for a new quote I got stuck into a queue for the "person who did that". Mmm"¦ that rather defeated the purpose of the call back.

Once put through I had to supply all my contact details and car details again (this information had already been provided on the call-back form). I was then told they couldn't quote for the mileage I required (too many miles per year) but gave me a quote for a lesser mileage. "How does that compare with your current renewal?" I was asked. "Hard to say, really, we're not comparing apples with apples".

I was left with a promise that they were going to call the underwriter "right now" and check whether they would "OK" the additional mileage I required. Locktons would "get straight back to me".

That phone call never came. I sourced my insurance elsewhere.

 

[Worsey]

Well, after Adrian Flux have tried to stiff me for the rear end shunt that wasn't my fault that I never claimed for, I'm doing the rounds on insurers. Will drop a note on here and let you know what goes.

 

[Chris_in_the_UK]

I will be giving Locktons a call in a couple of months to see what they can do.

 

[Lancerlot]

It's a great pity Locktons aren't more consistently competitive for members.

Their quote to me was £1,250 higher than my existing insurer earlier this year! []

Regards,

Clive.

 

[pauljmcnulty]

It's a great pity Locktons aren't more consistently competitive for members.

No insurer can ever be consistent. They all have a business model that requires at least some favoured criteria, and there will always be a percentage of enquiries that just fall outside their "preferred" model.

I was surprised just how high a proportion of their quotes have turned in to policies. Far higher than I'd expected (they lost out on mine!). []

 

[Lancerlot]

Actually, they have been consistently uncompetitive over the last 3 years and I've not experienced such a large premium differential with any other broker - I'm even an existing customer with another car (although not via PCGB)!

The quote is so far out, I won't even bother them next year - and that's going to be their on-going problem.

Regards,

Clive.

 

[pauljmcnulty]

The quote is so far out, I won't even bother them next year - and that's going to be their on-going problem.

I guess, from what I understand, they won't be competitive next year if you don't fit their scheme? The model works for them, but only if they stick to their model.

That's an issue with a Club-sponsored scheme, to some extent, as I suppose 100% of members would expect a good deal, and 25% of them, 30%, or whatever, will be disappointed. [8|]

 

[Lancerlot]

There has been ample time now for Locktons, as Club sponsors, to get their act together and offer all members a decent service - not just classic models.

At their presentations, they have always boasted the high percentage of Aston Martin and Jaguar owners they are able cover. What has not been explained is why it is proving so difficult to offer similar competitive terms to Porsche Club members.

Regards,

Clive.

 

[andy watson]

ORIGINAL: Lancerlot

Actually, they have been consistently uncompetitive

I won't even bother them next year - and that's going to be their on-going problem.

Regards,

Clive.

+1

 

[MartinRS2K]

I've just changed from Heritage to Locktons for 2 of my cars that were ready to renew. The 3rd car is moving in January and they have already given me the price I will be paying []

I have saved a bit of money and they also give me UK/European Breakdown Cover in the price which I currently pay extra for.

The only car they couldn't cover me for was the Cayenne Turbo as my Compare the Market price via AXA is about £700 cheaper than they can offer. Dave said it was the type of vehicle that doesn't suit their model (as has been said above it won't suit all cars)

 

[Lancerlot]

Interesting - so that's Cayennes and late model 911's they can't do competitively. Are there any others, I wonder?

Regards,

Clive.

 

[pauljmcnulty]

ORIGINAL: Lancerlot

Interesting - so that's Cayennes and late model 911's they can't do competitively. Are there any others, I wonder?

Regards,

Clive.

My understanding was that it was a classic policy, so more suited to the older cars by definition. Also covering the rare and exotic, so perhaps a GT3RS that's tracked, but not "standard" newer cars that still have a reasonably good book value. We all have to accept that no single company will cover every type of policy on every model, and be cheapest on all of them!

I wonder if their Ferrari and Aston policies cover the bog-standard 458 or Vantage daily-driver? I'd have thought they were more aimed at the older "classics" with those Clubs as well. I can't remember the figures for the coverage they quoted for these schemes, but it certainly wasn't 100%.

Whatever, it does point to the problem with having a single insurance "partner". Perhaps the issue is in the way it's promoted, and other insurers who cover the cars Lockton's don't want could also be brought on board? [8|]

 

[supersport]

It may also be a factor that maybe owners of the new cars tend to drive them more often. I would imagine that their best business case is a car that is rarely used and so not at risk. This would fit with old Ferraris and Astons just like it does with old Porsches. The further you move away from this ideal the more expensive it gets.

So drive a new turbo for 10,000 miles a year and they simply price you out of the market.

 

[dpoynton]

Not sure I'll bother them, Moneysupermarket just offered me £187 FC on the Macan.

Carole as keeper, 7 years NCB - me as named driver (Cayman is the other way around at £146 pa)

David