Hello folks,
It's that time of year again so wanted to get an indication of what folk would expect to pay to insure a 1 year old LB worth around the ?125K mark and garaged overnight. (I'm assuming no no claims discount which can be factored in later).
Thanks for reading this.
PR
Insurance is affected by so many different factors that whatever figure anyone volunteers on here, your actual quote could end up being wildly different. Call a few firms and see what they say - try Classic Line, Adrian Flux, MSM - you know, all the usual suspects, but be aware they might well ask for an independent valuation. Luckily for you, being in the club, you can drop me a line with some pics and details of your car and the club will email you a suitable document that should do the trick.
Even better, if you're going to the LMC gathering on the 21st in the car, I can have a look at it "for real" which is always better.
I have mine insured with Footman James on an agreed value policy of ?100k (from Norm - he was obviously being tight the day I asked)
My renewal this year was ?421 fully comp. Garaged at night.
It's conditional on these things, all of which are different for one driver/ car to another:
1) location
2) age of driver
3) experience of driver
They're the key ones. Others like spec, expected mileage etc affect it but these are the factors that'll differentiate the price most.
Cheers,
Hedge
I do hope to get to the LMC, will confirm once my schedule?s set. BTW, I went with the ?125K ballpark number in light of older lower spec cars for sale recently.Originally Posted by Normb666
Having recently gone through the 'dance' of getting insurance for my son when he passed his test last month I can only conclude that the quotes are generated by a random number generator.
Each time I ran a quote it just got more expensive.
He has the same car as his mate (Fiesta) only 18 months older but same car, same age as his mate, same driving experience, live in the same village. My son's insurance is almost ?1k more expensive than his mate's. The company his mate is with wanted over ?3k to insure our son, where he got his for ?1500. Cheapest we could find was ?2.4k with a different company.
Madness. And the costs are just insane for youngsters. If it wasn't for bank of mum and dad there is no way he'd be able to afford it.
Agree with what Leigh is saying, massive difference with the insurance companies, living in Northern Ireland insurance is always a higher premium ?548 with a 2k mileage cap. That was the cheapest from Footman James, Adrian Flux said they couldn't come near it and a couple of companies would not insure hear ��
What a lot of people don't realise is the number of days before renewal is another significant factor. The sweet spot is to obtain quotes 20-23 days before. We always put a reminder in the diary for our cars and home insurance.
I have seen this pointed out before. You have to ask why? How can the risks be affected by when you ask for the quote?
My STR insurance renewal came in today from Footman James and was up ?60 on last year.
The bit about getting quotes and fixing them early is real. We ordered a new Defender for 1st July and got indicative quotes a few weeks in advance based on an identical spec but before we knew the proper registration number. Ten days later when the reg number was confirmed the quote was up nearly ?100. I called the broker to confirm that everything was exactly as the before but he said most companies increase the premium the closer you get to the start date. I?d probably ever realised as it was the first time I?ve been organized enough to check in advance.
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