Macan Insurance

[BigCat]

Welcome if you followed my invite from the 991 posting here we go.....
So, today I collected a 9 month old Macan S Diesel as an interim car until my Macan GTS arrives in April and yesterday spent the evening sorting out insurance.
The obvious first place to go was Porsche Insurance (Marsh), last March I had a quote of £469 yesterday the quote was £724 ouch!
So lots of discussion but no justification IMHO as to why the increase apart from a non convincing story that the Macan is high risk and expensive to repair.
Next I went to Money Supermarket and got 35 quotes ranging from £263 to £540 with exactly the same criteria
Then I thought I would try Aviva who underwrite Porsche Insurance result £414, now I am dumbfounded.
Finally I went to Locktons...... drumroll..........and hey presto £1825?? - Are they smoking something or what?

I just cannot understand why there should be so much variation if I can get 35 quotations all within a range of £263 to £540 why is the club's approved insurance scheme way out and why does the Porsche branded scheme work out more than going direct to the same underwriter?

Why does the club endorse Locktons? Have the officers of the club actually done a full market analysis to see what the best deal is? Maybe they are only competitive for the older Porsche cars, if so why not look at alternatives given the club has over 12K members not all of whom will be running classic Porsche cars?

 

[garyw]

Why does the club endorse Locktons? Have the officers of the club actually done a full market analysis to see what the best deal is? Maybe they are only competitive for the older Porsche cars, if so why not look at alternatives given the club has over 12K members not all of whom will be running classic Porsche cars?

In a cynical way I do ask myself who is the collaboration there to help - members or perhaps more so the clubs finances...?[&o] and Locktons at the same time.

They really do seem to be miles away with the modern cars.

 

[stevebu]

I'm unable to answer your questions I'm afraid however, I moved my insurance from Manning to Locktons earlier this year. I have agreed value policies on my GT3 RS 4.0 (£375k) and 987/2 Boxster Spyder (£40k) and my total net premium for both cars was around £1500 including restricted track day cover. I know that vehicle value is only a contributory factor in premium calculations however, given that also your postcode is close to ours and we are of similar age, I'm totally baffled by the quote you've received. Are they quoting inclusive of NCD or is your NCD tied up with another policy? I have 2 separate policies with Locktons however they 'mirror' my full NCD onto the Boxster from the RS.

I'm not sure any of this helps and I only hope I don't have a big shock come renewal time in May.

 

[stokey]

The subject of insurance and Locktons in particular is a mystery to me !, I have asked them at renewal three times
on every occasion they were wildly uncompetitive, the last quote for my 991 turbo S was £1500 at 7000 mpa,
if I agreed a 5k limit £1200. 120k value
My existing insurers Marsh renewal was £680, it was a similar difference on my last car a 991 4S.
9 years ncd , 60 plus ??,garaged at country postcode ,6k mpa.
A similar experience to Big cat ,loads of lower quotes on price comparison sites so must be seen as a good risk??.
Blimey, over 400k of agreed value for 1.5k I must be in Locktons black book ??.
Off Porsche topic, just replacing our mk7 GTI 230 with a new BMW 235i m sport 320 bhp, insurers Sun alliance said
there would be a reduction from £200 to £189, so work that one out!.

 

[BigCat]

Has anyone on here recently purchased insurance for a Macan S through Marsh?
Last February I was quoted £469 to insure a Macan S Petrol fully comprehensive, 10K mpa, parked outside on my driveway, tracker activated, max NCD applied, legal cover etc. I have a clean licence no claims to report and nothing else has changed yet the quotation now is £724. The explanation is that the Macan is now considered to be a higher risk due to it's desirability, limited availability and cost of repair.

 

[BND]

Ditto to the comments re Locktons. Their pricing was the worst by a country mile for my 991 Turbo S … but worse still was their service. Repeated attempts at contact and repeated failures to call me back etc.

 

[tigertrout]

I had the same problem. I have had my macan 14 months now and both times locktons were way more than anyone else, But they were the cheapest on my boxster 987.?
I wanted to have both cars under the same insurance company but were £500 more than Mannings for the macan.