Insurance

P

Pazza

Member
I have owned my e86 for over 4 years, now and have loved it although haven’t done much mileage but still a great car in its original spec and only 65K miles. My question is firstly is this model appreciating and do others insure it with mainstream insurers or specialist insurance for more than ‘market value’ than the standard insurers offer?
 
I think an Agreed Value is quite hard to find on anything other than a Classic policy, and most Classic insurers won't cover cars less than 20 years old - I've tried twice.

As my E86 will be 20 in December I'll try again next year!
 
Give the mileage that I do and the way I drive, I take the view that insurance is a necessary cost rather than “insurance”. Therefore I stick to Saga because it’s the cheapest for an old codger. If I’m stupid enough or unlucky enough to get my car written off, I’m not really bothered about getting an extra couple of grand for it.
 
I'm the same with my Cat N 330i, which is also with Saga.

But I'm a bit more precious about my MC, not least because there aren't too many about - and Saga wouldn't quote for it anyway!
 
Had a Saga policy two years ago. They were crap! I changed my car mid-term, updated everything on their website, paid the extra money (quelle surprise), then a few months later got a letter through the post from the motor insurance database people (can't remember their name) saying my car wasn't insured. Saga had 'forgotten' to update the details, so I was driving un-insured for months.

Then when renewal time came, they were ridiculous with the price. Since then I just get thousands of emails about all their other products; cruises, how to save money being old, etc!!
 
Mr Tidy said:
I think an Agreed Value is quite hard to find on anything other than a Classic policy, and most Classic insurers won't cover cars less than 20 years old - I've tried twice.

As my E86 will be 20 in December I'll try again next year!
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Don't see why an agreed value would be any advantage for a modern-ish BMW. In the event of a total loss, there is plenty of information out there to value your car realistically.

I have an agreed value policy on my Z3 purely because valuing it is very difficult, as they are all different and there aren't many around anyway. Very few ever come up for sale. Agreed value policies tend to be expensive and only available from 'specialists', so I would steer clear unless it's really necessary.
 
Pondy said:
Don't see why an agreed value would be any advantage for a modern-ish BMW. In the event of a total loss, there is plenty of information out there to value your car realistically.

I have an agreed value policy on my Z3 purely because valuing it is very difficult, as they are all different and there aren't many around anyway. Very few ever come up for sale. Agreed value policies tend to be expensive and only available from 'specialists', so I would steer clear unless it's really necessary.
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Having an agreed value on your Fauxrrari makes perfect sense as it's a real one-off.

But based on my experience when my 330i became a Cat N insurers don't take any notice of the information out there though. Manual 330is are pretty rare and mine has Xenons which are rarer still, but they ignored that just quoting "Glasses Guide says" b*llocks. :headbang:

My MC has Aero sills that we all know sell on here for about £1K and an OE strut brace that is also very rare, but despite declaring them I'm sure insurers wouldn't add any value for them in a worst case scenario.
 
Pondy said:
Then when renewal time came, they were ridiculous with the price. Since then I just get thousands of emails about all their other products; cruises, how to save money being old, etc!!
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Everyone’s experience is different. Never had a problem with them myself. You know all those emails have an unsubscribe link?
 
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