Quote me happy!

[Will]

When did you get the '55 Will? Any pics so I can gloat

Hi Jim,

Just under a week ago.

I haven't taken any pics as yet, will hopefully get a few snaps at the weekend after the big clean :bannana:

It belonged to a member on here so there's a few from the original 'For Sale' advert and gallery floating around.

Will

 

[reflexboy]

Hi Jim,

Just under a week ago.

I haven't taken any pics as yet, will hopefully get a few snaps at the weekend after the big clean :bannana:

It belonged to a member on here so there's a few from the original 'For Sale' advert and gallery floating around.

Will

Looks lovely Will-Look forward to the pics after the BIG clean

 

[BTB 500]

I guess an SL500 is a slightly lower grouping than an AMG '55 (statistically if nothing else!)

They're the same (group 20), but my car is modified ... which would normally put the premium up.

 

[stats007]

Groups go up to 50.

As a modern classic it's pretty good. I paid £600 for my first SL500 (5k miles) with PB when I was 29.

 

[GrahamC230K]

@ Adam, insuring a standard car makes a difference too, even if it is group 20.

 

[lynall]

Love to know how they work the groups out as cl500 is same group 20 as cl63, clk55 20, e55amg is 19?



Lynall

 

[Shude]

Not really lunancy to be fair.

At 27 with 5 years+ NCB most insurers wanted £800ish for me, that's low mileage use, garaged, not commuting etc.

I think you must know that £650 is on the cheap side for your age/level of NCD etc

When I was 23 and insured my first W202 C230k I paid about £1700 with a £1k excess. Only when I moved house to a much better (insurance-risk wise) area and turned 30 did my premiums drop to around £300 with a normal excess (forget now, probably £150-250).

Groups go up to 50.

Love to know how they work the groups out as cl500 is same group 20 as cl63, clk55 20, e55amg is 19?

Groups used to go up to 20, now they're up to 50 with scaling but when I asked a couple of insurers they said the group is a guide and they have their own system anyway.

 

[Will]

They're the same (group 20), but my car is modified ... which would normally put the premium up.

As others have said - the grouping is only a guide. Two vehicles in the same group may well cost quite different amounts to insure, as despite the grouping their overall risk (theft, accident etc) could differ considerably.

Bill - your policy with Elephant obviously reflects the overall risk - your age, the car's risk, etc.

Admiral/Elephant quoted me about £800 for my car with identical details to the policy which I have taken for a little over £300 with Peter Best.

The fact that Elephant quoted you £255 and me £800+ clearly illiustrates that they value you/your age/car/location etc as a lower risk than a 27 year old driving a '55 AMG. Otherwise they'd have quoted less!

Imagine how cheap your SL might have been on a classic policy? I paid well under £150 PA for my 190E 2.5-16.

Will

 

[Adam230K]

When I was 23 and insured my first W202 C230k I paid about £1700 with a £1k excess. Only when I moved house to a much better (insurance-risk wise) area and turned 30 did my premiums drop to around £300 with a normal excess (forget now, probably £150-250).


Groups used to go up to 20, now they're up to 50 with scaling but when I asked a couple of insurers they said the group is a guide and they have their own system anyway.

When i was 21 and i bought the 230k i was quoted £1000ish, but with my dad as a second driver it became £930 which i thought was fairly reasonable considering the type of car it was.

 

[grober]

value for money

While it's obviously quite important how much you pay for an insurance policy in some respects its true value is only put to the test in the event of a claim or how flexible the insurance company is towards any changes in the policy--different or extra drivers--minor modifications--change of use---travel abroad etc etc -- sometimes the cheapest isn't always the best value??

 

[Will]

While it's obviously quite important how much you pay for an insurance policy in some respects its true value is only put to the test in the event of a claim or how flexible the insurance company is towards any changes in the policy--different or extra drivers--minor modifications--change of use---travel abroad etc etc -- sometimes the cheapest isn't always the best value??

Some very good points

But, to be perfectly honest - price aside this policy seems to offer quite reasonable cover as standard. Has European breakdown cover, nil excess on glass claims etc.

And as an average punter in the street, how would you know if say Elephant were any better/worse than Peter Best? As you say, until it comes to the 'crunch'...

My other classic policy I had (for my 2.5-16) was pretty good (on paper!), as it included an 'agreed valuation', so that in the event of a crunch, at least I wouldn't have been offered 'market value' for a twenty year old W201

Will

 

[puffsorted]

Haggerty for me.

£304, Protected NCD, 4000 miles and a guaranteed value of £10,000

 

[SilverSaloon]

£170 fully comp + named driver for the R107.

 

[Dryce]

sometimes the cheapest isn't always the best value??

The problem is how do you know?

If you buy a TV and it flunks in the first year it has a warranty.

If you buy an insurance policy and need to claim? That's when you find out whether it works or not. And if it flunks there's no warranty. You can't buy a replacement product to provide better cover for a pre-existing claim either.

I don't believe that cheapest is best but conversely I don't believe for a moment that expensive means good either.

And therein lies the problem of assessing value. You can specifically avoid insurers that you've either had a bad experience with or by reputation. You can pick and choose against stated cover features/options. But in reality if you spend a given % extra on a product you're simply taking the risk that you're overpaying.

 

[Will]

The problem is how do you know?

If you buy a TV and it flunks in the first year it has a warranty.

If you buy an insurance policy and need to claim? That's when you find out whether it works or not. And if it flunks there's no warranty. You can't buy a replacement product to provide better cover for a pre-existing claim either.

I don't believe that cheapest is best but conversely I don't believe for a moment that expensive means good either.

And therein lies the problem of assessing value. You can specifically avoid insurers that you've either had a bad experience with or by reputation. You can pick and choose against stated cover features/options. But in reality if you spend a given % extra on a product you're simply taking the risk that you're overpaying.

My sentiments also. It's difficult to assess the quality of cover, other than the obvious T&Cs, stipulations etc (ie, audio cover, contents cover, policy features etc).

When all is said and done, by choosing the cheapest insurer that doesn't specifically have a bad reputation or ridiculous T&Cs, over your lifetime you'll probably save thousands, which should be more than enough to cover any likely shortfall in the odd claim that may not be so generous etc.

It's also quite possible (although seems unlikely) that the very cheapest quote could be the best - just no real way of knowing!

Someone should start a satisfaction survey/comparison site for reviewing how the many different insurers have managed claims, alterations to policies, quality of communications etc

Will

 

[crockers]

Bloody hell, my renewal (Admiral) is up £600+ for fully comp, 2 drivers and business use, not garaged and 10k + annual mileage..

Its about 1/2 the car's current market value..

Time to get on the phone..


Ade

Think you will find South London is a high premium area for most insurers

So my next objective is to get a garage... which will probably take me 5 years...

Having a garage doesn't make a great deal of difference and can actually be a P.I.T.A.. If you say you garage your car nightly and leave it out you leave yourself open if it gets stolen. Better to have off road parking / own drive.

 

[Shude]

Someone should start a satisfaction survey/comparison site for reviewing how the many different insurers have managed claims, alterations to policies, quality of communications etc

Even then it'd be a load of Horlicks within a year because the insurers will have offshored their call centre or changed underwriter etc!

 

[EDZ649]

Haggerty for me.

£304, Protected NCD, 4000 miles and a guaranteed value of £10,000

I'm with Haggerty too for the E55, £426 Comp SDP, 100 excess, limited mileage of 5000 per year, legal cover, breakdown, agreed value.

I'm with Norwich Union/Aviva for the SL600 SDP and pay £309 comp, limited 3000 per year, one named driver.

Both classed as classic car policies so no claims bonuses are not taken into account.

 

[Barbanasos]

Admiral gave a good price for me on the two cars combined, and when I gave the quote to swintons specialist they eventually matched it down £500 from their original renewal quote. So £1,111 insured me at 32 (over 5 years NCB, no convictions) for an E55 and E240 modified with an amg back box both 8k miles a year each, one with business use and overall protected NCB, legal cover, etc. This is with Zurich.

I had to laugh at the guy from kwikfit insurance when he insisted he can get me the best deal and eventually quote £1030 for the E55.

 

[EDZ649]

Admiral gave a good price for me on the two cars combined, and when I gave the quote to swintons specialist they eventually matched it down £500 from their original renewal quote. So £1,111 insured me at 32 (over 5 years NCB, no convictions) for an E55 and E240 modified with an amg back box both 8k miles a year each, one with business use and overall protected NCB, legal cover, etc. This is with Zurich.

I had to laugh at the guy from kwikfit insurance when he insisted he can get me the best deal and eventually quote £1030 for the E55.

I have had some ridiculous quotes for the 55 over the past 2-3 years! Some were over 2.5K! Clearly they didn't want my business!