Insurance: UK

[JamesP]

Just got the nod to start my order on a ST and got me thinking what insurance companies need to know in terms of options - especially as they are not cheap! Do things like RWD need to be mentioned or is it all considered as factory as opposed to modifications. And then there is the Pano roof!!

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[DJBlack]

You don’t list optional extras IMO, only modifications.

 

[Speuk]

I don't think you need to declare any options only modifications. The premium will be impacted by the value you declare. I was pleasantly surprised at price for a CT4S. My best quote for my wife and I using the usual comparison websites was £535 incl. protected ncd from Aviva which is about what I pay on my X5.

 

[W1NGE]

Just got the nod to start my order on a ST and got me thinking what insurance companies need to know in terms of options - especially as they are not cheap! Do things like RWD need to be mentioned or is it all considered as factory as opposed to modifications. And then there is the Pano roof!!

The model variant you must specify but as per any other car the insurers will have the list of variants / models to choose from. Battery size if optional will be needed too.

Value they will ask.

Listing factory options is a grey area and depending on insurer and the rep you get will either insist on listing all options or not. Make it clear that the options are factory fit rather than post purchase modifications.

I've had the experience either way with the same insurer which can be frustrating.

 

[Sidicks]

Different insurance companies will have a different approach. Many do ask for optional extras fitted to the vehicle, even if they are factory fitted.
To avoid any issues, it is always best to provide full information - I’ve always sent a copy of the full vehicle specification.

 

[Sidicks]

I don't think you need to declare any options only modifications. The premium will be impacted by the value you declare. I was pleasantly surprised at price for a CT4S. My best quote for my wife and I using the usual comparison websites was £535 incl. protected ncd from Aviva which is about what I pay on my X5.

This is not true. You do need to declare everything - some options will affect the premium charged while others will not, it depends on the insurer‘s approach. The value of the car is only one factor taken into account.

 

[Speuk]

This is not true. You do need to declare everything - some options will affect the premium charged while others will not, it depends on the insurer‘s approach. The value of the car is only one factor taken into account.

When I completed information requested various insurers they wanted to know exact model including battery size nr of seats plus any modifications, didn't have an option to enter options?

 

[Sidicks]

When I completed information requested various insurers they wanted to know exact model including battery size nr of seats plus any modifications, didn't have an option to enter options?

I did say it depends on the Insurer. However, the key test will be if you have to claim and they value the car based on a standard model with no extras…

Did you read all of the policy documentation that you were sent?

Admiral do normally ask about ’modifications to the standard specification’, which includes factory fitted options.

 

[Speuk]

I did say it depends on the Insurer. However, the key test will be if you have to claim and they value the car based on a standard model with no extras…

Did you read all of the policy documentation that you were sent?

Admiral do normally ask about ’modifications to the standard specification’, which includes factory fitted options.

Yes, can't speak for others insurers as I'm sure each will be different but my Aviva policy says optional extras including alloy wheels fitted by the manufacturer are automatically covered. But I always speak to the insurers before finalising my policies as I often find something is not correct.

 

[David Derbyshire]

My T4SST is due soon and, as a starter for ten, I obtained quotes this morning from the meerkats.

Cheapest annual quote (compulsory excess £1,350 plus additional voluntary excess £500) with 5,000 annual mileage, was £253 with a major insurer (NCB not protected but extras included).

Took me by surprise, pleasantly!

David

 

[Browning]

My T4SST is due soon and, as a starter for ten, I obtained quotes this morning from the meerkats.

Cheapest annual quote (compulsory excess £1,350 plus additional voluntary excess £500) with 5,000 annual mileage, was £253 with a major insurer (NCB not protected but extras included).

Took me by surprise, pleasantly!

David

Could be worth checking policies as quite a few insurance companies will not use Porsche garages for repairs as they insist that you use their approved garages which for obvious reasons will be cheaper therefore not sure if that then affects Porsche warranty and as the saying goes you pay for what you get

 

[David Derbyshire]

Gary

Appreciate your comments. The insurer's policy means I need to check if my preferred repairer (Chartwell of Derby) can be agreed in advance of policy inception.

Anyone suggest competitive insurers where this is not an issue?

Thanks
David

 

[Speuk]

My T4SST is due soon and, as a starter for ten, I obtained quotes this morning from the meerkats.

Cheapest annual quote (compulsory excess £1,350 plus additional voluntary excess £500) with 5,000 annual mileage, was £253 with a major insurer (NCB not protected but extras included).

Took me by surprise, pleasantly!

David

Likewise was pleased with the insurance costs. For my wife and I it was £535 with £550 excess from memory.

 

[Midlifecrisis]

Having had previous insurers not bothered about factory fitted options I was surprised that Admiral wanted them listed. So, amongst other things, my car is listed as having rally lights (this was the closest they could get to the matrix headlights). So it varies from insurer to insurer.

 

[simcity]

My car is still many months away, but for giggles I plunked the deets into moneysupermarket comparison site. The lower end of the premium range wasn’t too horrific for central London, driveway parking and not too far off why I’ve paid for new cars on the right side of £100K. Mind you there’s always the second and third year surprise bounce.

Admiral cheapest, but not going near their telematics alternative offer with a large barge pole.

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