Car insurance without tracker requirement

[jimmyslr]

My insurance company has changed its terms and is now requiring a tracker for cars >£75k thus they are asking me to fit one to my GT3 at renewal time in a couple of weeks. I have had trackers before and found them more hassle/cost than they were worth. I deliberately moved to an insurer who didn’t require a tracker and also offered a multicar policy. All in all, it’s a bit inconvenient and I’ve gone back to them and asked them to budge but no joy.

Are there other insurers out there who don’t require a tracker that others use? I’d like to do some price checking if there are others who don’t need a tracker and I’ll see if it makes sense to break the GT3 out of the multicar policy.

Thanks, James

[ThebigOne]

I have just gone to Admiral on a 106k 911 and no tracker required

[bigmowley]

NFU here couple of cars over £100K and no tracker required. Agreed value at over list on my new Spyder as well.

[Taffy66]

bigmowley said:

NFU here couple of cars over £100K and no tracker required. Agreed value at over list on my new Spyder as well.

I also have a few cars with NFU and until this year there was no requirement for a tracker. However when i read my latest insurance annual statement they now stipulate a tracker needs to be fitted on cars over £75k. They will still offer cover without it but you will not be covered if your £75k+ car is stolen from your home.
The devil is in the detail as they say especially when it comes to reading the T&C.

[David W.]

I had to have the tracker on my Cayenne turned on due to the combination of value, still <£70k and “type of vehicle” ie desirable to the ram-raid types! 911 @£70k only needed alarm system.

[Deanmg]

LV have just written to me saying thay are not longer willing to insure my 2018 GT3 due its value. And its got a tracker fitted.

[jimmyslr]

bigmowley said:

NFU here couple of cars over £100K and no tracker required. Agreed value at over list on my new Spyder as well.

That’s whom I’m with currently. I was told the tracker requirement was new and now standard come renewal.

[richterswil]

Aviva cover mine with no tracker requirement.

My Defender 90 is with a different policy provider who stipulate it must be garaged AND have a tracker fitted!!

[Cheib]

Deanmg said:

LV have just written to me saying thay are not longer willing to insure my 2018 GT3 due its value. And its got a tracker fitted.

What happens in that case ? Are they saying they are terminating with x days notice or just that they won't renew.

Feels like the race to the bottom in car insurance has reversed and we're seeing insurance companies reviewing the risks they are underwriting. Been a few mentions on here about track day cover being withdrawn.

[Taffy66]

Cheib said:

What happens in that case ? Are they saying they are terminating with x days notice or just that they won't renew.

Feels like the race to the bottom in car insurance has reversed and we're seeing insurance companies reviewing the risks they are underwriting. Been a few mentions on here about track day cover being withdrawn.

A few are no longer willing to insure cars over a certain value, say £150k for whatever reason. I have a few cars insured with NFU, the most valuable at £250K and they don't bat an eyelid when annual renewal times come up. However they strictly exclude any track cover which might be a factor in their decision making.
My current track day car has an agreed value of £225k with another provider but I predict this policy will change in the next couple of years requiring us to get specialist cover from another company which is both very expensive and not worth much in terms of cover.

[bsc01]

I don't think I'll ever understand insurance companies...
I have been with LV= for years on and off but this years renewal was double.
I looked around and https://www.flowinsurance.co.uk/annual-car-insuran... was the best value and it is an LV= company!
My car has a tracker but it didn't seems to be a condition on the insurance.

My other car is insured with LV= and has track day cover. I even have a letter from them saying that as long as I keep the policy they will cover me for track days

[jimmyslr]

Bit of an update….

My NFU renewal notice came in today. Wow. I have 5 cars on the policy, maximum no claims, no changes in drivers or any other factors and it’s a 30% increase in premium. Add in the need for a tracker subscription that I don’t want and the effective increase is 40%. Oh yes, and the excess on a couple of them has gone up markedly also.

Is this a wider experience of the market or has my insurer decided they don’t like my business? I now have a week to see if there are better deals to be had.

Any recommendations on multi-car policies?

[JohnnyUK]

jimmyslr said:

Bit of an update….

My NFU renewal notice came in today. Wow. I have 5 cars on the policy, maximum no claims, no changes in drivers or any other factors and it’s a 30% increase in premium. Add in the need for a tracker subscription that I don’t want and the effective increase is 40%. Oh yes, and the excess on a couple of them has gone up markedly also.

Is this a wider experience of the market or has my insurer decided they don’t like my business? I now have a week to see if there are better deals to be had.

Any recommendations on multi-car policies?

Admiral

[jimmyslr]

To close out the thread, I did end up with Admiral. They didn't like one of my cars (modified Defender, too modified it turns out) so Admiral took 4 and I had the Defender covered separately by Adrian Flux. The combined price was the same price as I paid last year with NFU before the price rise and there's no need for a tracker on the GT3. That's a win - thanks all.