Over 60 Insurance
Discussion
I've been with NFU for 7 years ever since I got my Aston and have found them very competitive, until I passed 60 last year and the premium jumped ~15%. I thought this may have been an inflation one off, but the increase is closer to 20% this year. The wife who is not yet 60 as not seen such increases with NFU on her Range Rover, so age is the only thing I can think of as driving record is good and area is low risk. Can anyone else confirm similar with NFU, recommend best insurance for over 60 and also those to avoid as I search for new provider?
Assuming nothing has changed in circumstances or details agree that +15% and then +20% seems a bit unusual.
Rates “generally “went up last year but seem to have stabilised more this year.
60 also not necessarily a target age for increases.
Nothing wrong with NFU but perhaps try a local broker (maybe Howdens previously A Plan will probably have an office relatively close by ).
Direct dealing - Aviva seems to get generally good reviews.
Rates “generally “went up last year but seem to have stabilised more this year.
60 also not necessarily a target age for increases.
Nothing wrong with NFU but perhaps try a local broker (maybe Howdens previously A Plan will probably have an office relatively close by ).
Direct dealing - Aviva seems to get generally good reviews.
I was surprised to read that anyone is insuring their AM with NFU.
A few years ago, NFU offered very attractive premiums for Aston Martins. This was mentioned on here and so I insured with them. They have what they pretend is a 'member's benefit, where profits are shared with customers. My second year premium was reduced by the 'member's' benefit.
When year 3 approached, the premium trebled, so that was the end of that. Several other PHers wrote about exactly the same thing happening to them.
I went back to Aviva Direct, who over many years have been fairly consistent with premiums. Last time for me was £320 for a 4.7, and you mention age. Well as senior significant birthdays go, there has not been any sudden premium uplift for me.
If you have an impeccable insurance record, try Aviva, but we don't want them being frightened by having Aston Martin claims.
Edited by Dewi 2 on Wednesday 12th February 11:26
I moved mine from Classic Line to Admiral this year using https://www.moneysupermarket.com/
Similar age, rural location, £347 for a Vantage V12S, no mileage limit, as part of a two car policy deal with a Range Rover. RR was more but not crazy expensive.
It’s worth a try. CL had bumped mine up by 20%, I personally have no loyalty to insurers and shop around every year - as long as they are a big name.
Similar age, rural location, £347 for a Vantage V12S, no mileage limit, as part of a two car policy deal with a Range Rover. RR was more but not crazy expensive.
It’s worth a try. CL had bumped mine up by 20%, I personally have no loyalty to insurers and shop around every year - as long as they are a big name.
I am with Admiral and it went down £70 for this year's renewal.
According to Martin Lewis all premiums should have decreased by at least 16%.
https://www.moneysavingexpert.com/latesttip/?ancho...
According to Martin Lewis all premiums should have decreased by at least 16%.
https://www.moneysavingexpert.com/latesttip/?ancho...
Although Locktons Insurance (Brokers) aren’t the cheapest insurers for Astons, they are AMOC partners and do offer AMOC members a ‘deal’. I’ve been with Locktons for 2 years (following being with NFU for 7 years, but leaving them after a 70% premium rise in 2023), and one advantage is that unlike many other ‘comparison site’ companies, you are guaranteed being able to have all repair work carried out at a certified Aston Martin garage (e.g. not restricted to an ‘under the arches’ garage of their choosing!), and they guarantee that 100% of the parts used will be new, original (authentic) Aston parts (and not cheap knock-offs, Chinese cloned parts or second hand used parts!). Locktons offer other added benefits as part of their comprehensive policy like UK & Eu breakdown cover.
Experience has taught me that you can’t judge a car insurance company by just how cheap the quote is, you also need to see how they behave and what they offer in the (unfortunate) event that you ever need to use them. Cheapest isn’t always best, however it’s about usually about ‘value’ rather than simply ‘cost’.
I guess another factor to consider is the value of the insured car. Clearly a £20K Vantage is going to be different insurance prospect to insure vs. something like a brand new DB12 (at over 10x the value), especially in the event of the vehicle being written off in an accident..
Experience has taught me that you can’t judge a car insurance company by just how cheap the quote is, you also need to see how they behave and what they offer in the (unfortunate) event that you ever need to use them. Cheapest isn’t always best, however it’s about usually about ‘value’ rather than simply ‘cost’.
I guess another factor to consider is the value of the insured car. Clearly a £20K Vantage is going to be different insurance prospect to insure vs. something like a brand new DB12 (at over 10x the value), especially in the event of the vehicle being written off in an accident..
I asked Lockton for a quote this morning and it came back at approx £1300.00 (V12 AMR Roadster) using Aviva.
I take it that Locktons must do some underwriting themselves and I do agree that their insurance terms are much better than most car insurance companies such as an agreed value etc.
I have GAP insurance on the car but if I did not then Locktons would be high on my list.
I take it that Locktons must do some underwriting themselves and I do agree that their insurance terms are much better than most car insurance companies such as an agreed value etc.
I have GAP insurance on the car but if I did not then Locktons would be high on my list.
Just be sure to declare if the car has PPFilm ... Aviva have said that they will not cover a car with this though some brokers are still insuring cars with PPF through Aviva. Maybe they can obtain special terms but ?
Another vote here for Admiral on an Artura ... was quoted £4k by Aviva, £2k if with them if I transferred a 9 years NCB off a less expensive car ... and £1100 by Admiral without nab and £1000 with !
(And £2500 by Mannings).
P.S. I'm over 60 ....
Another vote here for Admiral on an Artura ... was quoted £4k by Aviva, £2k if with them if I transferred a 9 years NCB off a less expensive car ... and £1100 by Admiral without nab and £1000 with !
(And £2500 by Mannings).
P.S. I'm over 60 ....
SHIFTY said:
I asked Lockton for a quote this morning and it came back at approx £1300.00 (V12 AMR Roadster) using Aviva.
I take it that Locktons must do some underwriting themselves and I do agree that their insurance terms are much better than most car insurance companies such as an agreed value etc.
I take it that Locktons must do some underwriting themselves and I do agree that their insurance terms are much better than most car insurance companies such as an agreed value etc.
I first insured my car through a broker, because I wanted to be allowed my own choice of repairer. That was arranged with Aviva.
Later moved to Aviva Direct and instantly saved £250. Still own choice of repairer, but I don't think a hire car is provided. That would be no problem for me though.
Wonder how insurers can do agreed value policies on modern, depreciating cars? They could so easily end up having to over pay.
I have agreed value on an old car. A set of fresh photographs are submitted each year, then the value is decided.
Classic car insurance costs peanuts though, even these days.
Dewi 2 said:
I first insured my car through a broker, because I wanted to be allowed my own choice of repairer. That was arranged with Aviva.
Later moved to Aviva Direct and instantly saved £250. Still own choice of repairer, but I don't think a hire car is provided. That would be no problem for me though.
Any issues with Aviva Direct, David? They are less than half of my next nearest quoteLater moved to Aviva Direct and instantly saved £250. Still own choice of repairer, but I don't think a hire car is provided. That would be no problem for me though.
LTP said:
Dewi 2 said:
I first insured my car through a broker, because I wanted to be allowed my own choice of repairer. That was arranged with Aviva.
Later moved to Aviva Direct and instantly saved £250. Still allowed choice of repairer, but to choose, I don't think a hire car is provided. That would be no problem for me though.
Later moved to Aviva Direct and instantly saved £250. Still allowed choice of repairer, but to choose, I don't think a hire car is provided. That would be no problem for me though.
Any issues with Aviva Direct, David? They are less than half of my next nearest quote
No, I can only talk about their administration really, which is fine. Have never made an insurance claim in my life, so therefore have not put them to the real test. Expect you know that Aviva used to be Commercial Union and Norwich Union.
My premium was in the mid to upper 200s for several years, but a last renewal they eased it up to £320. I did not bother looking around though on that occasion. You mentioned wanting to read the policy wording. Have you found anything of concern?
Insurance is like the wild west these days. Be a long term loyal customer and insurers make the most of that.
Dewi 2 said:
You mentioned wanting to read the policy wording. Have you found anything of concern?
Insurance is like the wild west these days. Be a long term loyal customer and insurers make the most of that.
I've read it through several times now, and tweaked the cover a bit to include legal, but the premium is still so low compared to what I have paid in the past I'm almost in the realm of "If seems too good to be true, it probably is", particularly as I'm a bit of a cynic.Insurance is like the wild west these days. Be a long term loyal customer and insurers make the most of that.
The only thing I'm not happy with is the phrase: "We may decide to use parts or accessories not supplied by the original manufacturer, but which are of a similar standard, including recycled parts". I could just say "Maybe on a Focus, but good luck with that on an Aston Martin". I can nominate a repairer rather than use theirs, but that'd be an extra £200 excess, and obviously the "lifetime repair warranty" that their repairs come with wouldn't then apply.
Other than that it's a stripped out policy where almost everything is an add-on at a cost, by the same company that provides the AMOC policy (so Astons are not unfamiliar territory) and missing the AMOC niceties like track days, rallies, driving other cars full comp and people over 35 driving mine full comp; etc. Plus the one real benefit of the guarantee of genuine parts in any repair. The difference in the premium would buy the fuel for about half my annual mileage.
But they do say that cheap insurance is only cheap if you don't need to claim.
LTP said:
The only thing I'm not happy with is the phrase: "We may decide to use parts or accessories not supplied by the original manufacturer, but which are of a similar standard, including recycled parts". I could just say "Maybe on a Focus, but good luck with that on an Aston Martin". I can nominate a repairer rather than use theirs, but that'd be an extra £200 excess, and obviously the "lifetime repair warranty" that their repairs come with wouldn't then apply. ..
Having never made an insurance claim, I am happy to accept some risk possibility.
The big risk of course, is not own vehicle damage, but seriously injuring a youngster. The third party risk.
Imagine the care cost payment for a permanently injured young person for (say) 60 years of life.
Extremely rare, but those are the really costly claims. We would not want to self insure that possibility.
As we are permitted to nominate a repairer, then it is pay the extra £200 (seems a very reasonable amount), vehicle off to Works at NP, then no worries about recycled parts, or lifetime repair warranty.
For 4 months each year, my AM sits in my garage. Aviva are on to a winner providing full cover for that.
When you say half the cost, I hope Aviva are not charging you less than me (with my perfect insurance record).
Dewi 2 said:
Having never made an insurance claim, I am happy to accept some risk possibility.
The big risk of course, is not own vehicle damage, but seriously injuring a youngster. The third party risk.
Imagine the care cost payment for a permanently injured young person for (say) 60 years of life.
Extremely rare, but those are the really costly claims. We would not want to self insure that possibility.
As we are permitted to nominate a repairer, then it is pay the extra £200 (seems a very reasonable amount), vehicle off to Works at NP, then no worries about recycled parts, or lifetime repair warranty.
For 4 months each year, my AM sits in my garage. Aviva are on to a winner providing full cover for that.
When you say half the cost, I hope Aviva are not charging you less than me (with my perfect insurance record).
Down here we have registration and CTP (compulsory 3rd party insurance). If you do not have CTP then you cannot register your vehicle nor drive it on the road.
Then we come to insurance. You can either go for 3rd party (damage to other cars) or comprehensive which includes 3rd party plus your own car.
It’s a dear do.
Gassing Station | Aston Martin | Top of Page | What's New | My Stuff