(UK) - Who are you insured with?

[Supra_UK_]

Hey guys, rather than open a new thread this seems close enough:
What's people's thoughts on having gap insurance on your financed Supras?
I've never bothered normally, but looking to see what people think in terms of what level of risk do you think there is that there would be a significant gap from normal insurance payout if the car was a write off.

Does anyone here have it? Roughly what does it cost for your Supra?
Has anyone ever made a successful claim in the past (no matter what car it was) for gap insurance specifically, and did it work as intended/advertised? Trying to understand if it's worth it or just another upselling tactic.

Thank you

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[Deleted member 4362]

Did have it, with ALA. It's good to have should the worst happen to the car and the value tank at the same time.

Now I have an agreed value policy on the car until 2026 with the same insurer, £300 for a valuation of £42,740.

 

[Malcolm Feth]

I'm with ClassicLine insurance as I wanted cheap trackday cover (for lotus I had 6 free trakcdays a year, they don't give any free for supra). They dont care about NCB or any other stuff.

I will be renewing in September so we'll see what's next.

On gap insurance, I got it despite buying the car for cash. It's always worth it for fairly new cars. I paid something like £220 for three years with return to invoice value. Seperate policy with another company.

 

[Crimzon_Skyz]

Has anyone seen a large raise in insurance costs over the last few months? I renewed 2 months ago after having the car over a year and its gone from £650 to £950 both on Admiral. Ive had no change of circumstance so its seems a large amount.

With all the new Insurance legislation about new customers i understand it has gone up a little for most people but feels excessive. Maybe people are crashing Supra's?

 

[Supra_UK_]

Has anyone seen a large raise in insurance costs over the last few months? I renewed 2 months ago after having the car over a year and its gone from £650 to £950 both on Admiral. Ive had no change of circumstance so its seems a large amount.

With all the new Insurance legislation about new customers i understand it has gone up a little for most people but feels excessive. Maybe people are crashing Supra's?

Sorry to hear - mine renews in autumn so will see, I generally see an increase every year, and every year I do the same thing:
1. Get my renewal quite
2. Go to comparison website
3. Get new quotes
4. Find the cheapest quote
5. Ring my insurer to tell them I'm cancelling due to renewal price hike
6. Wait on hold a few minutes while they "see what they can do".
7. They come back with a cheaper renewal, but it's never as cheap as the cheapest one you find.
8. Depending on the delta, I decide whether I can be arsed to switch insurers and go through that annoyance and sharing all my personal data on another company's database which will lawfully be retained for 5-7 years, or just accept that 50-100 quid loss and get it over with over the phone and stay, I personally feel personal data sharing minimisation is worth more than that, but it's debatable.

Now, with your example, there's £300 of wiggle room which is significant, so for instance if I found something for £750 I'd consider changing to save £200 ish.

Best of luck! ?

 

[Crimzon_Skyz]

Now, with your example, there's £300 of wiggle room which is significant, so for instance if I found something for £750 I'd consider changing to save £200 ish.

Best of luck! ?
[/QUOTE]

Absolutely, I spend a huge amount of time making sure the price is competitive with the methods you mentioned and more. In this scenario Admiral for me at least are already £500/600 cheaper than anyone else even though its got up by £300. If it goes up another £300 next year ill have to consider selling the car which makes me feel very sad indeed

 

[JP_]

Admiral here. Was suprised how not so bad it was, living in Central London especially so. Think it was about 580 a year

How's that looking for you this year? Getting savaged myself...

 

[eliotrw]

How's that looking for you this year? Getting savaged myself...

It went up as it was a full year with the supra. Iirc 780 quid total.

Luckily ill be living in wales before it renews so should be much cheaper

 

[RAWSupra]

I always used ALA for GAP insurance .... BIG TIP:

"25% discount, when you enter code MSE25 at the checkout"

 

[Malcolm Feth]

I just did a quote for my supra...
Aviva said they won't insure the car.
Admiral said 1250
Lve is the cheapest at 1150

Lol ?

 

[Sunstorm]

Direct Line here, £553. 9+ NCD, multicar discount (Yaris is £512 with them, 7yr NCD). Mods declared on both.

Supra is due for renewal in October and Yaris in November. With how others have seen the renewals sky rocket, it's going to be an expensive end of the year for me.

 

[BrettMRC]

I'm with Elephant - car is now in for the Akra so went online to get a quote for modifiying the exhaust....


...£13 admin fee and that's it - no change to premium!

 

[S2k]

Direct Line here, £553. 9+ NCD, multicar discount (Yaris is £512 with them, 7yr NCD). Mods declared on both.

Supra is due for renewal in October and Yaris in November. With how others have seen the renewals sky rocket, it's going to be an expensive end of the year for me.

I am also with Direct line, but when I was declaring mods (like my cold air intake) I didn’t feel like they knew what I was talking about and although the guy said that’s fine, it all felt a bit like this would bite me in the ass if I actually had an accident.

I have never declared mods before so am a noob at this, so my question is how did you declare mods? (maybe I am missing something on the process!)

I mean, did you get something added in writing that you can physically see on your policy?

 

[Supra_UK_]

I am also with Direct line, but when I was declaring mods (like my cold air intake) I didn’t feel like they knew what I was talking about and although the guy said that’s fine, it all felt a bit like this would bite me in the ass if I actually had an accident.

I have never declared mods before so am a noob at this, so my question is how did you declare mods? (maybe I am missing something on the process!)

I mean, did you get something added in writing that you can physically see on your policy?

+1 also wanna know.

 

[Sunstorm]

I am also with Direct line, but when I was declaring mods (like my cold air intake) I didn’t feel like they knew what I was talking about and although the guy said that’s fine, it all felt a bit like this would bite me in the ass if I actually had an accident.

I have never declared mods before so am a noob at this, so my question is how did you declare mods? (maybe I am missing something on the process!)

I mean, did you get something added in writing that you can physically see on your policy?

+1 also wanna know.

Yeah they're not very knowledgeable at all on the car parts. I rang them up and told them what I had done, air intake, OPF back exhaust and different alloy wheels.

When the paperwork is updated, it now shows:

I'm expecting more fun when I ring up in an few months to declare a new intercooler to my Yaris...

There are some companies that are better with modifications, for example I was with Green Light (https://www.greenlightinsurance.co.uk/modified-car-insurance) when I had my WRX STI.

But they only insure cars worth upto 30k, so I came back to Direct Line for my Supra who were already insuring my home and Civic. They're ok for a few bolt-ons, but anything more you'd want a specialist I think.

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