911 insurance - crazy prices
Discussion
Tonyscars30 said:
Hi,
I’ve spent two years away from a 911 and about to pull the trigger on a 992 Turbo S.
I’m getting quotes of £5k plus now.
I live in London but my car is kept in my private garage at night. License for 18 years, 12 years NCB etc.
Does anyone have recommendations of companies with sensible prices on 911?
Any recommendations you can put forward. I live in London and I have a 991 C2S. I ran a first quote and got 1.6K. I forgot to add that my last car caught fire and I had an insurance claim of 10K that went through. When I added that my insurance jumped to 2.6K. What is nuts about it is that there is no correlation between a fire on my last car and the Porsche. I’ve spent two years away from a 911 and about to pull the trigger on a 992 Turbo S.
I’m getting quotes of £5k plus now.
I live in London but my car is kept in my private garage at night. License for 18 years, 12 years NCB etc.
Does anyone have recommendations of companies with sensible prices on 911?
FrancisA said:
I ran a first quote and got 1.6K. I forgot to add that my last car caught fire and I had an insurance claim of 10K that went through. When I added that my insurance jumped to 2.6K. What is nuts about it is that there is no correlation between a fire on my last car and the Porsche.
“Have you had any accidents fault or non fault in the last 5 years?”That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
981Boxess said:
“Have you had any accidents fault or non fault in the last 5 years?”
That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
Yep, it's all a scam. And we'll all stfu and take the shafting because we're British and we like to comply. That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
ImbackYo said:
981Boxess said:
“Have you had any accidents fault or non fault in the last 5 years?”
That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
Yep, it's all a scam. And we'll all stfu and take the shafting because we're British and we like to comply. That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
If you "forget" to mention something they will still take your money, if you need to claim from them they will refuse to pay out and keep your money, they hold all the cards.
I am happy to follow your lead if you have a plan
ImbackYo said:
981Boxess said:
“Have you had any accidents fault or non fault in the last 5 years?”
That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
Yep, it's all a scam. And we'll all stfu and take the shafting because we're British and we like to comply. That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
I am aware the mid to high networth insurance market has been hit very hard over the last couple of years not only due to thefts but also due to the number of insurers who no longer offer cover for either single vehicles or high value cars. not 100% but i hear Admiral have a max limit of a car now.
Aviva private clients have stopped writing business since end of last year, RSA, and with all the mergers the market has shrunk
How many policies does it take to cover the cost of a stolen Rolls royce SUV? insurance is a business
garypotter said:
ImbackYo said:
981Boxess said:
“Have you had any accidents fault or non fault in the last 5 years?”
That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
Yep, it's all a scam. And we'll all stfu and take the shafting because we're British and we like to comply. That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
I am aware the mid to high networth insurance market has been hit very hard over the last couple of years not only due to thefts but also due to the number of insurers who no longer offer cover for either single vehicles or high value cars. not 100% but i hear Admiral have a max limit of a car now.
Aviva private clients have stopped writing business since end of last year, RSA, and with all the mergers the market has shrunk
How many policies does it take to cover the cost of a stolen Rolls royce SUV? insurance is a business
Unfortunately, if you want to have an insurance policy that covers most risks, it is not cheap any longer and this an expense that needs to be factored in, when considering purchase of a Porsche. The days of cheap sports car driving is fast dwindling
garypotter said:
ImbackYo said:
981Boxess said:
“Have you had any accidents fault or non fault in the last 5 years?”
That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
Yep, it's all a scam. And we'll all stfu and take the shafting because we're British and we like to comply. That is the question that allows them to shaft their clients for 5 years, even if it was a no fault claim and your own insurers didn’t pay out a penny - crooks.
Should also check your insurance for the likes of PPF. I have Admiral multi car policy for TVR, 2022 Cayman 4.0 GTS and 2 'kids' (man 21 & woman 19) on 1.0 cars. My 2 cars are c£600 in total and disclosed PPF on Porsche but no extra premium. But classed as exterior enhancement. Premium also reduced if spouse/partner named on policy whether they drive car or not. TBF I have been with them c13 years, renewals came in at 26% increase, shopped around and went back to them and got it down to 16% increase.
981Boxess said:
Who made a claim for £10,000?
I did - as mentioned above my SL 63 caught fire while I was driving it. An electrical fire under the dash. I claimed and it was fixed. Total cost was 10K. Frankly I was amazed they agreed to fix the car. The cost of the repair was almost 25% of the value of the car. It was returned on a Friday.....on Monday I traded it in for a 911.1 C2S. No way I was continuing with the SL. Jon_Brown91 said:
Not only has the number of high value car thefts increased massively over the past year, the cost of repair of Porsches has also risen substantially.
Unfortunately, if you want to have an insurance policy that covers most risks, it is not cheap any longer and this an expense that needs to be factored in, when considering purchase of a Porsche. The days of cheap sports car driving is fast dwindling
Speaking to an insurer today I have to agree. Turns out car thefts have shot up to service the Russian market as no one sells cars to them. As well as the overall cost of repairs the insurance industry had a torrid 2023 and are determined to make up for it in 2024.Unfortunately, if you want to have an insurance policy that covers most risks, it is not cheap any longer and this an expense that needs to be factored in, when considering purchase of a Porsche. The days of cheap sports car driving is fast dwindling
stuckmojo said:
I just ran a search, 2022 Carrera S manual, cheapest price is £3,600 with Sheila which I wouldn't entertain.
What's wrong with Sheila's Wheels? My take is they all piss in the same pot, the insurance they provide is regulated (most likely a lot revert to big companies like Zurich etc) so I go for the cheapest that provides the specific cover I want.Make a claim, they'll all look for the loophole as I found out when Mrs S was hit in the rear whilst parked in a queue of traffic and the other parties insurers admitted full liability straight off. My insurer didn't need to do anything but the 'discussion' on the phone was like a police interview to check SD&P v commuting, employment, other vehicles in the household - basically every question on the insurance proposal!
The used to be a discount for spouse cover on a vehicle, I expect now that as my wife has had a no fault accident that will inflate the premium so I'll just take her off my cars given she doesn't drive them. On the plus side I'm fed up of disclosing a windscreen claim for the last 5yrs which will come off this year. I forgot once and they challenged me on it, presumably recorded on MID.
Armitage.Shanks said:
Make a claim, they'll all look for the loophole as I found out when Mrs S was hit in the rear whilst parked in a queue of traffic and the other parties insurers admitted full liability straight off. My insurer didn't need to do anything but the 'discussion' on the phone was like a police interview to check SD&P v commuting, employment, other vehicles in the household - basically every question on the insurance proposal!
I am no fan of insurance companies, but if you don’t lie about anything you have nothing to worry about, they have taken on a risk and charged a premium based on what you told them.If they are paying out shed loads of money they are entitled to check that, not everyone is honest.
I had an incredibly frustrating experience trying to insure my new 992 T yesterday. I currently have a multi car policy which includes my current 718 GTS, so I thought I’d just pop online, change the details, pay a bit more snd Bob’s your aunty…. But no he wasn’t.
The website crashed when trying to update the vehicle using both the specific registration and just the model type. No problem, I’ll contact the helpline, nope our underwriters won’t cover that model. Yes we’ll cover virtually every other cheaper or more expensive 992 (excluding GT cars), but not that. I said surely this must be some sort of data error…. Yeah possibly, but computer says no. I point out that it will cost hundreds more to insure separately elsewhere, tough, but as a goodwill gesture they will wave the cancellation fee.
On the basis I don’t need track day etc. insurance I ended up on a comparison site and chose Sainsburys, which turns it to be underwritten by LV.
I hate insurance companies.
The website crashed when trying to update the vehicle using both the specific registration and just the model type. No problem, I’ll contact the helpline, nope our underwriters won’t cover that model. Yes we’ll cover virtually every other cheaper or more expensive 992 (excluding GT cars), but not that. I said surely this must be some sort of data error…. Yeah possibly, but computer says no. I point out that it will cost hundreds more to insure separately elsewhere, tough, but as a goodwill gesture they will wave the cancellation fee.
On the basis I don’t need track day etc. insurance I ended up on a comparison site and chose Sainsburys, which turns it to be underwritten by LV.
I hate insurance companies.
Greedydog said:
I had an incredibly frustrating experience trying to insure my new 992 T yesterday. I currently have a multi car policy which includes my current 718 GTS, so I thought I’d just pop online, change the details, pay a bit more snd Bob’s your aunty…. But no he wasn’t.
The website crashed when trying to update the vehicle using both the specific registration and just the model type. No problem, I’ll contact the helpline, nope our underwriters won’t cover that model. Yes we’ll cover virtually every other cheaper or more expensive 992 (excluding GT cars), but not that. I said surely this must be some sort of data error…. Yeah possibly, but computer says no. I point out that it will cost hundreds more to insure separately elsewhere, tough, but as a goodwill gesture they will wave the cancellation fee.
On the basis I don’t need track day etc. insurance I ended up on a comparison site and chose Sainsburys, which turns it to be underwritten by LV.
I hate insurance companies.
I had a problem changing a car mid insurance. I went online and updated the new vehicle (actully same make/model but 2yrs newer) and the "quote" to swap came in at £60. Not bad I thought. Once I'd agreed the collection day (2-days later) I go back in to do the transfer. The system won't let me and then comes up with a purchase price at nearly £120. I ring them up and ask why the "quote" is vastly different from the additional premium - "Oh that's a guide, we get a lot of customers who look for quotes for cars they ultimately don't purchase"! When I challenge them and say what's the point of a quote if it's nowehere near the actual real price given its purpose is to inform the customer whether or not the insurance is worth taking, and surely this practice is a matter for the Insurance Ombudsman? A back office chat with the manager gets me back to the original quoted price. What a Privilege The website crashed when trying to update the vehicle using both the specific registration and just the model type. No problem, I’ll contact the helpline, nope our underwriters won’t cover that model. Yes we’ll cover virtually every other cheaper or more expensive 992 (excluding GT cars), but not that. I said surely this must be some sort of data error…. Yeah possibly, but computer says no. I point out that it will cost hundreds more to insure separately elsewhere, tough, but as a goodwill gesture they will wave the cancellation fee.
On the basis I don’t need track day etc. insurance I ended up on a comparison site and chose Sainsburys, which turns it to be underwritten by LV.
I hate insurance companies.
Insurance related but not for a Porsche ( LV insured my 18 reg 991.2 Targa 4 GTS for £187.00 before I sold it in 2021), I am thinking of buying a brand new Mercedes GT 2 door coupe and thought I would check out whether I could get it insured at a reasonable price or not insured at all. I was pleasantly surprised that a quote from Admiral came out at £845.
Edited by Hereandthere on Thursday 29th February 12:53
I had a quote yesterday from Admiral. My 991T came in at £421.47, fully comp, kept in locked garage, business use included and my wife as named driver. I specifically asked them about repairs and received a timely return call this morning assuring me that I could use Porsche approved repairers and also that I could have genuine OEM glass in the event of a windscreen claim.
I have not read the small print though.
Interestingly, the quote for my wife's Boxster T came in £4 dearer despite being a less expensive vehicle.
This was as part of a multi-car policy. Overall, broadly a 50% increase on last year's prices and very similar to my renewal quote from LV. Am still looking.
I have not read the small print though.
Interestingly, the quote for my wife's Boxster T came in £4 dearer despite being a less expensive vehicle.
This was as part of a multi-car policy. Overall, broadly a 50% increase on last year's prices and very similar to my renewal quote from LV. Am still looking.
Be very aware that Admiral use Glasses and CAPs to find the market value - and they'll remind you it's a market value policy when making the settlement.
I've just phoned my brother as he raves about his insurance company - he uses Locktons via PCGB. He's got an agreed valuation, business use, it's slightly modified (but apparently when going through the modifications the person he was dealing with was knowledgeable), he and his wife are fully comp and he can let anyone else drive it fully comp and it's covered for PCGB track days - circa £400pa (car value is £37.5k, 42yo, no points for reference)
I've just phoned my brother as he raves about his insurance company - he uses Locktons via PCGB. He's got an agreed valuation, business use, it's slightly modified (but apparently when going through the modifications the person he was dealing with was knowledgeable), he and his wife are fully comp and he can let anyone else drive it fully comp and it's covered for PCGB track days - circa £400pa (car value is £37.5k, 42yo, no points for reference)
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