Insurance

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Discussion

Simpo Two

Original Poster:

87,089 posts

272 months

Wednesday 30th December 2020
quotequote all
Again, probably a topic you all know but...

I thought it would be wise to check out insurance options for a 2005 DB9. My current insurer has what I think is a fair premium (£603pa) but they'll only cover the car if it has a tracker fitted. Is that standard for Aston insurance? They say trackers cost from £100-£1,000 and as long as it's Thatcham 5 or above they'll be happy. But I don't feel the need to fit one if it's not necessary.

My policy runs until May, so if the car I buy doesn't have a tracker I'll either have to fit one, or bail out of the policy and start afresh. Is this a job for a 'specialist' insurer? I've done that with TVRs and some companies will give discounts if you're a member of something, but is the same true for Aston?

Looking for the best insurer for a non-trackered DB9 (assuming the one I get doesn't have it). Ta smile

Dewi 2

1,493 posts

72 months

Wednesday 30th December 2020
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Premiums of course vary considerably with location and the other criteria.
I pay around £350 for a Vantage. There was even a reduction last time.

On your point of trackers John, all DB9s should already have a tracker fitted by Aston Martin. Your insurers therefore probably want the tracker monitoring to be in force. Perhaps time to move your business. Many insurers have become used to charging lower premiums to new customers, than they charge their existing policyholders to renew.

Even when my car was only two years old, my insurer did not require the tracker to be operating. I first used Aviva, then changed to NFU. My main requirement was to be allowed to choose a repairer, if the worst should happen.




Edited by Dewi 2 on Wednesday 30th December 22:44

oilit

2,692 posts

185 months

Wednesday 30th December 2020
quotequote all
Dewi 2 said:

Premiums of course vary considerably with location and the other criteria.
I pay around £350 for a Vantage. There was even a reduction last time.

On your point of trackers John, all DB9s should already have a tracker fitted by Aston Martin. Your insurers therefore probably want the tracker monitoring to be in force. Perhaps time to move your business. Many insurers have become used to charging lower premiums to new customers, than they charge their existing policyholders to renew.

Even when my car was only two years old, my insurer did not require the tracker to be operating. I first used Aviva, then changed to NFU. My main requirement was to be allowed to choose a repairer, if the worst should happen.




Edited by Dewi 2 on Wednesday 30th December 22:44
agreed most if not all DB9 have trackers fitted - as painful as it is that many insurers demand them - if it's in there it normally costs no more than £200/annum for subscription - which in the scheme of things isn't that bad.

pschlute

725 posts

166 months

Thursday 31st December 2020
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Your DB9 will have a tracker in it, but the reserve battery will have died by now. I had the tracking company fit a new unit to my 2005 DB9 about 5 years ago, and then took up an offer for a one off payment for a lifetime tracking cover. Was about £250 combined which I thought was good value.

Insurance will depend on many aspects. Where do you keep the car; your age; where you live etc...can vary enormously. My DB9 is insured with Admiral for less than £300pa. 8,000 mile limit (garaged/Surrey). One of the advantages of being over 50 !

Edited by pschlute on Thursday 31st December 00:52

LooneyTunes

7,589 posts

165 months

Thursday 31st December 2020
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pschlute said:
Your DB9 will have a tracker in it, but the reserve battery will have died by now. I had the tracking company fit a new unit to my 2005 DB9 about 5 years ago, and then took up an offer for a one off payment for a lifetime tracking cover. Was about £250 combined which I thought was good value.
Not sure which unit is I’m the DB9 but Vodafone (whose units are in some other AMs) don’t seem to offer the “lifetime” option any more. I think it’s about £300/year these days.

V8V Pete

2,498 posts

133 months

Thursday 31st December 2020
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oilit said:
agreed most if not all DB9 have trackers fitted - as painful as it is that many insurers demand them - if it's in there it normally costs no more than £200/annum for subscription - which in the scheme of things isn't that bad.
I disagree. Effectively adding 50% to the cost of my insurance premium to insure the insurance company against a total loss is "bad" in my opinion.

Vantage S, value about £55K, insured with NFU for £400 with no tracker. All modifications declared.

oilit

2,692 posts

185 months

Thursday 31st December 2020
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V8V Pete said:
I disagree. Effectively adding 50% to the cost of my insurance premium to insure the insurance company against a total loss is "bad" in my opinion.

Vantage S, value about £55K, insured with NFU for £400 with no tracker. All modifications declared.
that's why we are all different - which is a good thing right ?

CB07

526 posts

240 months

Thursday 31st December 2020
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I have fallen for this trap. My Vantage was insured with classic line, no tracker activated and not discussed. Didn’t even think people bothered with trackers these days!

However when I got the Rapide suddenly the same insurance co wanted a tracker activated “if it was fitted as standard..”

Long and short was the original (euro track?) system was defunct so that all got ripped out and wound up having to fit the newer Aston Vodafone system.

It really does work though, which is nice to know and extra peace of mind so sort of feels acceptable value. The battery’s started to go recently on the fobs (1yo), you get a text. If you routinely forget to swap them they seem to get in touch within less than a minute if you go off for a drive! My wife moved the car out of the garage without the fob and again they called.

Compare that with the (potential) service you get from an insurer when you are involved in an incident. Therefore for a theft situation the Vodafone tracker is pretty much spot on.

Just seems crazy as someone points out it’s really an insurance for the insurers against a car being stolen and not found!

David W.

1,934 posts

216 months

Thursday 31st December 2020
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Support the view Vodafone one works well and had similar experience of getting a call if it’s just moved 50 yards. Just renewed mine on Cayenne on the 2yr deal. Insurance company insist on it on Cayenne as “4x4s are favourite ram raid vehicles” but don’t need it on more valuable 911 or Vantage when I had one.

LTP

2,304 posts

119 months

Thursday 31st December 2020
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CB07 said:
Just seems crazy as someone points out it’s really an insurance for the insurers against a car being stolen and not found!
It doesn’t seem that crazy to me. The insurance industry is, in theory, all about pooled risk. If you car has an active tracker then the insurance company knows that, in the case of theft or hijacking, there’s an increased chance that they will get the car back, which reduces the odds on them having to make a “total loss” payout.

In reality, most car insurance is reduced to a series of “tick box” activities by brokers to assess risk, as you’ll have noticed if you deviate one iota from the standard questions, it usually has to be referred back to an adjuster or specialist. Some companies have a greater appetite for perceived risk or certain sectors than others, plus the commercial pressure to keep getting business, which is why premiums vary.

One more shoutout for Vodafone Cobra here - I like the “low battery” reminder for the fobs and I’ve found the control centre staff excellent to deal with. My only gripe was the lack of a user manual when I renewed, as the documentation all stayed with the original owner

CB07

526 posts

240 months

Thursday 31st December 2020
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LTP said:
It doesn’t seem that crazy to me. The insurance industry is, in theory, all about pooled risk. If you car has an active tracker then the insurance company knows that, in the case of theft or hijacking, there’s an increased chance that they will get the car back, which reduces the odds on them having to make a “total loss” payout.
I will qualify that slightly by saying it seems crazy to me that I am paying a 3rd party to increase the insurance co odds in that total loss situation..I also didn't have the option of paying a higher premium with the insurer as a result of no tracker. Theoretical price increase would surely be roughly the cost of a tracker subscription.

It is after all nearly 2021 I just feel a product/technology could very easily exist that insurance could offer their own proprietary tracking system and just bundle the pricing together in a reduced premium if you accept a tracking package. After all they have those black box things for young drivers etc.


LTP

2,304 posts

119 months

Thursday 31st December 2020
quotequote all
CB07 said:
I will qualify that slightly by saying it seems crazy to me that I am paying a 3rd party to increase the insurance co odds in that total loss situation..I also didn't have the option of paying a higher premium with the insurer as a result of no tracker. Theoretical price increase would surely be roughly the cost of a tracker subscription.
Refer back to my comments about "tick box" activities and appetites for risk. You're buying a roughly standardised product, not an individually-tailored insurance policy.

cayman-black

12,930 posts

223 months

Thursday 31st December 2020
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V8V Pete said:
oilit said:
agreed most if not all DB9 have trackers fitted - as painful as it is that many insurers demand them - if it's in there it normally costs no more than £200/annum for subscription - which in the scheme of things isn't that bad.
I disagree. Effectively adding 50% to the cost of my insurance premium to insure the insurance company against a total loss is "bad" in my opinion.

Vantage S, value about £55K, insured with NFU for £400 with no tracker. All modifications declared.
I have no tracker and would search for insurance that does not require a tracking system as i don't want to pay two premiums for my car insurance.

Simpo Two

Original Poster:

87,089 posts

272 months

Thursday 31st December 2020
quotequote all
Thanks to everyone who replied. Since posting I've decided which car I'm after, and it has a Tracker so I can stay with my current insurer for now. NFU came in just the lowest at £593 but only if XS was increased £500.

NFU didn't need a Tracker, neither did Classic Line (but as I do 8K a year their best was £1300); Admiral was £694 with a bigger XS.

The car is also at a dealer which means if I do p/ex there's no need to have two policies.

Gradually the ducks are lining up. Slight hitch - the dealer is now in Tier 4 so can't do test drives... doh!

cornershop

2,143 posts

203 months

Thursday 31st December 2020
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My Zurich private clients policy through Alan and Thomas doesn’t incur an excess if you don’t need a courtesy car.

Does need a tracker though

Not the cheapest, but high quality cover

cayman-black

12,930 posts

223 months

Thursday 31st December 2020
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NFU is a good choice.

oilit

2,692 posts

185 months

Thursday 31st December 2020
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cornershop said:
My Zurich private clients policy through Alan and Thomas doesn’t incur an excess if you don’t need a courtesy car.

Does need a tracker though

Not the cheapest, but high quality cover
Chubb is the same.

westhumbler

161 posts

83 months

Thursday 31st December 2020
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Try Aviva - no tracker requirement and my renewal this year with 6k mileage limit was £440

Simpo Two

Original Poster:

87,089 posts

272 months

Thursday 31st December 2020
quotequote all
^^ Will do, thanks. Happy New Year and all that smile

Elwood

237 posts

260 months

Friday 1st January 2021
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I bought my V8 Vantage about 4 weeks ago, but because my other cars are classics I had no NCD I could use on it, had some eye watering quotes but in the end settled for Esure at £350 but with a whopping 2k excess.