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Insurance
- ocrx8
- Member
- Posts: 652
- Joined: Sat Jan 21, 2012 8:49 pm
- Location: Essex
Insurance
Has anyone renewed insurance for their M recently?
As I get older I've been used to the premium coming down each year. Last year I was 28 and paid £340, which I thought was excellent. The renewal came in recently £418, so naturally I went straight to the comparison sites thinking this was a ludicrous price. However, I'm really struggling to find anything lower.
I just wondered whether anyone else has noticed a general upward trend in insurance premiums
As I get older I've been used to the premium coming down each year. Last year I was 28 and paid £340, which I thought was excellent. The renewal came in recently £418, so naturally I went straight to the comparison sites thinking this was a ludicrous price. However, I'm really struggling to find anything lower.
I just wondered whether anyone else has noticed a general upward trend in insurance premiums
Current: '08 ///MR | Interlagos | Champagne | Nav | DSP | Cruise | Intravee | ZHP | Black Grilles | Stubby
Previous: '56 3.0si Sport Roadster | Ruby Black | Extended Champagne | Nav | DSP | Xenons | 108s | Non-RFs | Stubby
Previous: '56 3.0si Sport Roadster | Ruby Black | Extended Champagne | Nav | DSP | Xenons | 108s | Non-RFs | Stubby
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- Lifer
- Posts: 12722
- Joined: Sun Nov 30, 2008 1:03 pm
- Location: Liverpool
- Contact:
Insurance
I found all the assurances of "it'll be cheaper next year" to be a load of bollox.
Almost every year I'd see an increase in my renewal - like-for-like cover, but with an extra year's driving experience & NCB - and would have to hunt around for another insurer, which would then bring me back to about the same premium I had the year before.
After 30 years of that, I'm resigned to the fact that it's what I have to do every year. I get no loyalty discount from an insurer, so I don't offer any loyalty either.
But despite all the above, I haven't noticed the last couple of year's premiums/renewals getting any larger.
Almost every year I'd see an increase in my renewal - like-for-like cover, but with an extra year's driving experience & NCB - and would have to hunt around for another insurer, which would then bring me back to about the same premium I had the year before.
After 30 years of that, I'm resigned to the fact that it's what I have to do every year. I get no loyalty discount from an insurer, so I don't offer any loyalty either.
But despite all the above, I haven't noticed the last couple of year's premiums/renewals getting any larger.
- RickRob
- Lifer
- Posts: 4711
- Joined: Fri May 02, 2014 12:12 am
- Location: Ifold, West Sussex
Insurance
I wasn't going to gloat, but since you're asking:
///M Roadster, 8k miles per year, Social, domestic and commuting cover, fully comp. Me and Mrs R, both with clean licences and full no claims.
Last year paid Admiral £246
Renewal just come through £218
///M Roadster, 8k miles per year, Social, domestic and commuting cover, fully comp. Me and Mrs R, both with clean licences and full no claims.
Last year paid Admiral £246
Renewal just come through £218
///M Roadster. 2007 Black/Black. Rear spoiler, whippy aerial, mud flaps and gimp-style wind deflector!
- AndyBeech
- Senior Member
- Posts: 1629
- Joined: Mon Feb 18, 2013 2:25 pm
- Location: Reading / Bath
Insurance
I'm 33 so similar to yourself, kind of! Just renewed the other day, mine comes down every year after a 10 minute call every year saying I'm not happy with the renewal, politely of course, they're always great on the phone to be fair.
With Admiral, renewed for £197 a year for the M and £180 for a SEAT Ibiza both fully comp multi car policy. No-one else could even get close to that.
No idea how they do the maths but you don't generally get the best offer unless you call up and have a little lets get you the best quote possible chat.
Not the best reputation insurance company wise, but they've always been ok for me. That's with all mods delcared etc. Worth a shot.
With Admiral, renewed for £197 a year for the M and £180 for a SEAT Ibiza both fully comp multi car policy. No-one else could even get close to that.
No idea how they do the maths but you don't generally get the best offer unless you call up and have a little lets get you the best quote possible chat.
Not the best reputation insurance company wise, but they've always been ok for me. That's with all mods delcared etc. Worth a shot.
Z4MR - Gruppe M, Bilstein PSS10, CSL's + 18" CSL reps with semi's, RTAB Limiters, Powerflex’d, PF Camber Arms, K-Sport BBK / RSL-29, GC Camber Plates, Strut Brace, Exhaust valves, custom brake cooling, complete underside refresh!
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- Lifer
- Posts: 12722
- Joined: Sun Nov 30, 2008 1:03 pm
- Location: Liverpool
- Contact:
Insurance
The only watch out with Admiral, is that whilst they want you to declare all mods, their policy states they'll only pay for returning it to standard...and will not replace the mods.
So if you've got expensive mods, it may be worth getting an agreed value policy (to include the cost of the mods), or go somewhere that will replace like-for-like.
Saying that, I'm with Admiral on a multi-car policy, but I've got a fairly recent £14k claim (albeit with 12 years protected NCB), and the policy covers up to 30,000 miles of fully comp, SDPC & B1, parked on the road in Liverpool.
Mine is £900 a year (for the BEAST and the slightly tweaked Z4MC) - which is about the same as it was for my modified Corrado VR6 (before it was modified & after), 3.6 M5, 3.8 M5.
XJ6 was £160 (in 2006) , Metro was £600 (in 1990)
So if you've got expensive mods, it may be worth getting an agreed value policy (to include the cost of the mods), or go somewhere that will replace like-for-like.
Saying that, I'm with Admiral on a multi-car policy, but I've got a fairly recent £14k claim (albeit with 12 years protected NCB), and the policy covers up to 30,000 miles of fully comp, SDPC & B1, parked on the road in Liverpool.
Mine is £900 a year (for the BEAST and the slightly tweaked Z4MC) - which is about the same as it was for my modified Corrado VR6 (before it was modified & after), 3.6 M5, 3.8 M5.
XJ6 was £160 (in 2006) , Metro was £600 (in 1990)
- ben g
- Lifer
- Posts: 7858
- Joined: Thu Mar 29, 2012 5:20 pm
- Location: Essex
Insurance
Both my 3.0 z4 and my missus' fiesta st180 were cheaper this year, even with a non fault claim on her insurance from last summer.
Mine was £60 less (£320) than last year her's was about £200 less (£415).
Mine was £60 less (£320) than last year her's was about £200 less (£415).
Red Soft-top Sterling grey 3.0i - Z4M Front, Eibachs, Polybushed, Clear headlights, Triple clear spot rear lights, Shadow Chrome 107's, Sport MFSW, ZHP.
- Mad Professor
- Member
- Posts: 611
- Joined: Sat Dec 20, 2014 7:38 pm
Insurance
Im an older man and with Admiral = 125.81 quid for my MR 2k miles pa for me and SWMBO
Present : 987 Box
Past history : ,Z4MR ,Cat HPC evo , XKR , Eunos VR , Eunos VS, Westie S8 ,TVR S2 , S54 Z3MR, SL500 , TVR Wedge 4.6 , Cat Xflow , Saab 900 Turbo ,Cat VXE ,Cat BDR, Cat Twincam , Elan S3 , Haldane Healey, Lancia HF turbo
Past history : ,Z4MR ,Cat HPC evo , XKR , Eunos VR , Eunos VS, Westie S8 ,TVR S2 , S54 Z3MR, SL500 , TVR Wedge 4.6 , Cat Xflow , Saab 900 Turbo ,Cat VXE ,Cat BDR, Cat Twincam , Elan S3 , Haldane Healey, Lancia HF turbo
- Spaniarduk
- Member
- Posts: 404
- Joined: Thu Aug 11, 2016 1:36 am
Insurance
Ive just had a quote with Admiral. I am 40yo. I have 4 year NCB, a SP30 from 2.5 years ago and my Z4MR is garaged (currently SORN'd). I had to declare a claim that wasn't my fault and didn't incur any NCB loss and the cover is for under 4k miles a year. The quote was for £461.44. Marginally cheaper than what it was last year, but nothing to call home about. Definitely not the £200 that somebody mentioned here!
Volando voy
Volando vengo
Volando voy
Volando vengo, -engo
Y por el camino
Yo me entretengo
Volando vengo
Volando voy
Volando vengo, -engo
Y por el camino
Yo me entretengo
- MrPT
- Lifer
- Posts: 4746
- Joined: Sun Oct 21, 2012 7:44 pm
- Location: Bucks/Oxon
Insurance
I’m not even going to mention mine, except to say it creeps up and needs beating down every year (in the same manner some others have mentioned). 36, 6 yrs NCB but 10 mins from central London so
2008 Z4MC: heavy wheels | crap suspension | skittish rear end | wobbly engine | not enough induction noise | underwhelming turn in | inconsistent braking | lardy battery | chubby steering wheel
2006 Z4 2.5si: gone
2006 Z4 2.5si: gone
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- Member
- Posts: 131
- Joined: Mon Jan 22, 2018 12:35 am
- Location: London
Insurance
I'm in a similar jam, 17 years NCB but the location kills the price!
Current - Ruby Black MR
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- Member
- Posts: 777
- Joined: Fri Aug 08, 2014 8:28 pm
- Location: Sutton Coldfield
Insurance
Renewal of £418 don’t know what people are moaning about, that’s pennies. Was paying about 15 hundred for my M policy alone. 3 years time, those with the early cars will be eligible for classic car insurance.ocrx8 wrote: ↑Sat Mar 17, 2018 11:14 am Has anyone renewed insurance for their M recently?
As I get older I've been used to the premium coming down each year. Last year I was 28 and paid £340, which I thought was excellent. The renewal came in recently £418, so naturally I went straight to the comparison sites thinking this was a ludicrous price. However, I'm really struggling to find anything lower.
I just wondered whether anyone else has noticed a general upward trend in insurance premiums
84’ E28 Alpina B9
83’ VW B2 Passat CL
90’ Mercedes 300E-24
90’ Vauxhall Carlton GSI 3000 24V manual
85’ Opel Ascona Cabriolet
83’ VW B2 Passat CL
90’ Mercedes 300E-24
90’ Vauxhall Carlton GSI 3000 24V manual
85’ Opel Ascona Cabriolet