Do you want the good news or the bad news?

Number5 said:
I put it to you that you dont actually specialise in the Z4 market, but you are just on this forum touting for any business that you may be able to pick up. - Is that correct ?
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We specialise in the car enthusiast and owners club market and have exclusive deals with insurers who are looking for this type of driver but clearly we're not going to be the best for 100% of all car club members in the UK - no one provider can ever claim that and nor would they want to cover absolutely everyone. The scheme is still based on risk and liability business calculations and we're working with a number of clubs and forums to access our chosen market.

I'm sorry if we can't help the occasional member but there's usually a good reason based on the risk presented.
 
I think there is a lot of new business, first year discounting going on in the insurance market at the moment. I recently bought an E85 3.0 and had previously been on classic insurance with a TVR S3 for the princely sum of £80 a year (5000 miles agreed value) TVR insurer wanted £350 for the Z so shopped around and was quoted happy with £148 (old git, cheap post code, 6000 miles)
 
Bertz4 said:
I think there is a lot of new business, first year discounting going on in the insurance market at the moment. I recently bought an E85 3.0 and had previously been on classic insurance with a TVR S3 for the princely sum of £80 a year (5000 miles agreed value) TVR insurer wanted £350 for the Z so shopped around and was quoted happy with £148 (old git, cheap post code, 6000 miles)
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that's what every insurer does, low price first year and a bump next year in the hope that the person is just going to ignore it/accept ;) if you shop around you'll always find a better deal.
 
Buckz said:
Bertz4 said:
I think there is a lot of new business, first year discounting going on in the insurance market at the moment. I recently bought an E85 3.0 and had previously been on classic insurance with a TVR S3 for the princely sum of £80 a year (5000 miles agreed value) TVR insurer wanted £350 for the Z so shopped around and was quoted happy with £148 (old git, cheap post code, 6000 miles)
Click to expand...

that's what every insurer does, low price first year and a bump next year in the hope that the person is just going to ignore it/accept ;) if you shop around you'll always find a better deal.
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I'd love to understand the business model they're using. I've changed insurer every year for the past 4 or 5 years to get a better deal. I often get a lower quote on a comparison website for the same company I'm already with! Proves they discount to capture new business but once all the people who can't be bothered to check how competitive their renewal price is and just accept auto renewal are locked into the various companies, I guess they're left with the rest who are going to swap every year to get another discounted price so where does discounting for new customers get them eventually? I wish they would just offer new and existing customers the best possible deal and save everyone the hassle :roll:
 
I think insurance companies miss a trick when they don't seem to appreciate brand loyalty - I think most of us who, if are not given a competitive quote, vote with our feet and go elsewhere.
Unless that's what they want us to do???
 
ChrisKnottIns said:
Number5 said:
I put it to you that you dont actually specialise in the Z4 market, but you are just on this forum touting for any business that you may be able to pick up. - Is that correct ?
Click to expand...

We specialise in the car enthusiast and owners club market and have exclusive deals with insurers who are looking for this type of driver but clearly we're not going to be the best for 100% of all car club members in the UK - no one provider can ever claim that and nor would they want to cover absolutely everyone. The scheme is still based on risk and liability business calculations and we're working with a number of clubs and forums to access our chosen market.

I'm sorry if we can't help the occasional member but there's usually a good reason based on the risk presented.
Click to expand...

Says a lot about where Number5 lives I guess, even the cats and dogs wear hoodies...so I'm told :rofl:
 
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