Range Rovers becoming uninsurable in London?
Discussion
Vogue SE and RRS HST are entirely unattractive to theives according to that list, and so are all SE and HSE L460s.
Because its a crap list trotted out often by the likes of the Daily Mail, and one I believe based on data from a tracker firm.
If the difference between purchasing one, and not, is the cost of insurance then the maintenance bills will be a true showstopper. JLR have said that they will update the BCM for the L494/405 to prevent the canbus attacks, and you can turn keyless off, which isn't an issue anyway on the new style key.
Thieves are moving on to Lexus, Fiat and Alfas where there are more accessible vulnerabilities.
Because its a crap list trotted out often by the likes of the Daily Mail, and one I believe based on data from a tracker firm.
If the difference between purchasing one, and not, is the cost of insurance then the maintenance bills will be a true showstopper. JLR have said that they will update the BCM for the L494/405 to prevent the canbus attacks, and you can turn keyless off, which isn't an issue anyway on the new style key.
Thieves are moving on to Lexus, Fiat and Alfas where there are more accessible vulnerabilities.
SmithCorona said:
Vogue SE and RRS HST are entirely unattractive to theives according to that list, and so are all SE and HSE L460s.
Because its a crap list trotted out often by the likes of the Daily Mail, and one I believe based on data from a tracker firm.
If the difference between purchasing one, and not, is the cost of insurance then the maintenance bills will be a true showstopper. JLR have said that they will update the BCM for the L494/405 to prevent the canbus attacks, and you can turn keyless off, which isn't an issue anyway on the new style key.
Thieves are moving on to Lexus, Fiat and Alfas where there are more accessible vulnerabilities.
That’s a short sighted view. If insurance is very high then it’s going to impact residuals; to what extent we don’t know but I’m guessing it will be considerably in excess of existing profiles. One way would be to look at what various parties would pay out ie insurance - a car may have a screen price of 65k but insurance may only cover 45k which is poor with such high premiums. Also what are they achieving at auction - WBAC are a good indicator of this or ask for a px value.Because its a crap list trotted out often by the likes of the Daily Mail, and one I believe based on data from a tracker firm.
If the difference between purchasing one, and not, is the cost of insurance then the maintenance bills will be a true showstopper. JLR have said that they will update the BCM for the L494/405 to prevent the canbus attacks, and you can turn keyless off, which isn't an issue anyway on the new style key.
Thieves are moving on to Lexus, Fiat and Alfas where there are more accessible vulnerabilities.
I love LR products (I have an old Series) but they need servicing every year, are often unreliable, expensive to insure, nickable and now costly to finance. All these impact residuals, however they continue to be a status symbol to a lot of people so will continue to be bought, but potentially not serviced or maintained properly….sliding scale. Off topic now though so will leave it there!
Edited by W12GT on Wednesday 26th July 09:45
W12GT said:
That’s a short sighted view. If insurance is very high then it’s going to impact residuals; to what extent we don’t know but I’m guessing it will be considerably in excess of existing profiles. One way would be to look at what various parties would pay out ie insurance - a car may have a screen price of 65k but insurance may only cover 45k which is poor with such high premiums. Also what are they achieving at auction - WBAC are a good indicator of this or ask for a px value.
I love LR products (I have an old Series) but they need servicing every year, are often unreliable, expensive to insure, nickable and now costly to finance. All these impact residuals, however they continue to be a status symbol to a lot of people so will continue to be bought, but potentially not serviced or maintained properly….sliding scale. Off topic now though so will leave it there!
I see your concerns but personally I’m less concerned about the newer models and like all things trends in theft change regularly. A few years back it was Golf R’s, before that RS model Audis, before that old style Defenders. It doesn’t take much to swing the stats given that even with the jump in thefts last year the worst affected region saw 1 in 400 vehicles stolen. I love LR products (I have an old Series) but they need servicing every year, are often unreliable, expensive to insure, nickable and now costly to finance. All these impact residuals, however they continue to be a status symbol to a lot of people so will continue to be bought, but potentially not serviced or maintained properly….sliding scale. Off topic now though so will leave it there!
Edited by W12GT on Wednesday 26th July 09:45
Not all JLR products need servicing every year btw, mine is 2 years.
W12GT said:
I’d be interested to know if Jaguar have suffered the same issues with thefts over the last year or so - basically sharing almost all the same technology, is it just lack of status appeal? All recent Jags I’ve been in have been very nice places indeed.
F Pace SVR’s are a popular choice I believe. Other than that most are electric nowadays right? Not even thieves want electric cars (joke).
Mokolobo said:
I bought a 510PHEV SV (over £170k) and I can't find any insurance (London). The car arrived at the dealer but I can't collect it without an insurance. The car dealer offered a full refund...
That's sad to hear. Insurance is getting ridiculous and not only for the RR,s.Whilst the prices are getting high, someone will write a policy for an SV FFRR in London. You may have to pay a premium equivalent to the value of the vehicle, but they will not be completely uninsurable.
Doesn't make it right of course.
A lot of the price increase is driven by the parts shortage and subsequent extended use of hire cars provided by accident management companies - this is an area that should be clamped down on.
Doesn't make it right of course.
A lot of the price increase is driven by the parts shortage and subsequent extended use of hire cars provided by accident management companies - this is an area that should be clamped down on.
cayman-black said:
Mokolobo said:
I bought a 510PHEV SV (over £170k) and I can't find any insurance (London). The car arrived at the dealer but I can't collect it without an insurance. The car dealer offered a full refund...
That's sad to hear. Insurance is getting ridiculous and not only for the RR,s.It's a multicar policy, and when we added another new car last week ( that was actually £25k more purchase price ) it cost £180 to add that, and reduced the Range Rover annual price by just over £130, which then adjusted the monthly premium.
It boggles my mind the premiums being asked down south.
SmithCorona said:
Whilst the prices are getting high, someone will write a policy for an SV FFRR in London. You may have to pay a premium equivalent to the value of the vehicle, but they will not be completely uninsurable.
Doesn't make it right of course.
A lot of the price increase is driven by the parts shortage and subsequent extended use of hire cars provided by accident management companies - this is an area that should be clamped down on.
Yes, today I got a quote £26,000, what a joke. That's the only quote I got. I called ALL the insurance companies, ALL the insurance dealers, everywhere same story, 'we no longer insure RRovers in London'. They not even asking for car details or my own details.Doesn't make it right of course.
A lot of the price increase is driven by the parts shortage and subsequent extended use of hire cars provided by accident management companies - this is an area that should be clamped down on.
Since I own another two cars, I offered to insure all of them if they accept to quote the SV. Unfortunately no luck so far.
Well I guess it was only a matter of time. Just received notification from Admiral that they will be removing my RR Sport ( L461 ) from my multi car policy at renewal as it exceeds the amount they can insure. Although they are happy to keep the Porsche GT4 and Defender on it!
Of the few that will actually insure it, Tesco are currently coming in best ( but still extortionate ) And I'm 200 miles North of London.
Of the few that will actually insure it, Tesco are currently coming in best ( but still extortionate ) And I'm 200 miles North of London.
djc206 said:
Oh well, then my premium is going to remain high I guess. Fortunately. around here the SUV of choice for thieves is ~5-7 year old Mercs at the moment.
Edit to add: looking at the video you mention the car is unlocked. That’s not necessarily the same as someone having just put the window in and plugging something into the port as was suggested above. Unless it really is that simple of course but you’d really rather hope not.
It is fundamentally that simple. Some of these thieves similar to the Ferrari thefts are fundamentally picking the lock and then using "devices" on the OBD2 port to disable the alarm that will inevitably go off and programming a key to that being finished and driving off.Edit to add: looking at the video you mention the car is unlocked. That’s not necessarily the same as someone having just put the window in and plugging something into the port as was suggested above. Unless it really is that simple of course but you’d really rather hope not.
Edited by djc206 on Saturday 22 July 08:16
The canbus thefts are slightly different in approach, but ultimately end up with the same result. That being said the RR theft method by cutting a hole is by far the most crude method in comparison with the Lexus/Toyota and Alfa thefts we have seen. Sadly, and potentially for those that own the alfa, the actual part in question that links to the canbus is a common Bosch radar sensor that is used in a variety of applications some with similar setups.
Going back to insurance most won't both to approach the capital for insuring an RR fundamentally as they know they will be on the hook for when it goes missing hence excluding it or offering a crazy premium.
Covea closed off their HNW policy I was on with my Vantage because of losses. Drilling further it was down to LR/RR theft and from certain quarters to put numbers against it they were loosing £600k a MONTH due to specifically LR/RR theft. It simply was unsustainable and they pulled the entire product line as a result. I think a stat from earlier this year was somewhere in the region of 430 of them on average going missing a month in total.
Edited by Ninja59 on Friday 28th July 14:59
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