Lotus Elan

Insurance in the UK

PostPost by: pereirac » Mon Aug 22, 2011 10:43 pm

Hi,
It's that time of year for me and my present insurance company (Carole Nash want to increase my premium by around 30% (they did this last year with my other car so I insured with another company and saved about ?100). It seems insurance companies give you a good rate for the first year at least and then bump the premium up in later years in the hope that you won't bother to look around..
Anyway, does anybody have any recommendations at the moment for a good agreed value classic car policy?

Thanks

Carl
Carl

72 Elan Sprint
87 Excel SE
97 Alpina B10

http://www.lotuselan.co.uk
User avatar
pereirac
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1136
Joined: 01 Oct 2003
Location: Cambridgeshire

PostPost by: Jason1 » Tue Aug 23, 2011 6:12 am

50/0951 1968 Wedgewood blue +2, 1990 Mini Cooper RSP
User avatar
Jason1
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1554
Joined: 03 Nov 2005
Location: Colchester, Essex. UK

PostPost by: elj221c » Tue Aug 23, 2011 8:28 am

pereirac wrote:Hi,
I It seems insurance companies give you a good rate for the first year at least and then bump the premium up in later years in the hope that you won't bother to look around..
Carl


The average 30% increase this year was pretty much accross the board because of increases in fraud and other costs, so I was told.
Roy
'65 S2
User avatar
elj221c
Fourth Gear
Fourth Gear
 
Posts: 722
Joined: 12 Sep 2003
Location: Surrey Hills, England

PostPost by: quaybook » Tue Aug 23, 2011 9:40 am

Hi Carl
I've used MSM for my Elan and my Westfield for some years now. Their prices always seem reasonable, if not necessarily the very cheapest, but the plus is that they do understand classic and specialist cars. Although I've not had a claim, thank goodness, I've had really helpful and friendly service throughout over such matters as setting agreed values, cover for European travel etc. They are on www.msminsurance.co.uk or 01279 870535.

Vernon
Elan S2 26/5614
Alfa Romeo Alfetta Berlina 1974
Westfield 7SE
quaybook
Second Gear
Second Gear
 
Posts: 136
Joined: 24 Aug 2009
Location: Devon, UK

PostPost by: oillite » Tue Aug 23, 2011 10:45 am

Wait and let them phone you about renewing with them as they all chase up for the renewal. Tell them that you have found a better deal elsewhere but you will stay with them for the same premium as last year, its worked for me on quite a few occasions!

They give us the spiel about cost going up but the number of crash repairer's cutting staff or going out of business because of lack of work is high at the moment.
With the cost of fuel and other strains on the house hold bugget people aren't going out so much and driving slower = less claims = less pay-outs.

Well they have to get the money some were to fund their investments. Car, house and pet insurance are nice earners, they must be or they wouldn't advertise them so much!
oillite
First Gear
First Gear
 
Posts: 42
Joined: 03 Sep 2010
Location: East London

PostPost by: nebogipfel » Tue Aug 23, 2011 11:41 am

elj221c wrote:The average 30% increase this year was pretty much accross the board because of increases in fraud and other costs, so I was told.


My renewal was the same as last year :wink:


There is no reward for loyalty any more. The best thing you can do is shop around and get the introductory discounts every year. I know it's a hassle but you can save a fortune.

It's also worth making sure that you are not paying for extras you don't need or want, insurance companies are very good at adding them.

Apologies if I've mentioned this (getting old don't ya know) I saved ?60! on my AA renewal this year by threatening to go to the RAC. It's always worth phoning up and threatening to go elsewhere as Oilite has said.
John

No longer active on here, I value my privacy.
User avatar
nebogipfel
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1716
Joined: 25 Sep 2003
Location: Norfolk UK

PostPost by: Jason1 » Tue Aug 23, 2011 12:18 pm

Hi

I just renewed my insurance on my Ford Focus last week. The renewal with Elephant came in at ?450 that's ?100 up on last year; I called them and they offered to knock ?50 off. I hate this it happens every year with Elephant and i have been with them since they started, if they value my custom then why not offer the discount at renewal? I told them not to bother and went with LV for ?350.

Elephant then sent me an email saying my credit card had expired so they could not take payment. What followed was a non-repeatable phone call to an Indian call centre at '8p per minute plus your standard network rate' (yes that p1ssed me off as well).

Jason
50/0951 1968 Wedgewood blue +2, 1990 Mini Cooper RSP
User avatar
Jason1
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1554
Joined: 03 Nov 2005
Location: Colchester, Essex. UK

PostPost by: tcsoar » Tue Aug 23, 2011 12:58 pm

Hi Jason,

I had a similar experience with Elephant many years ago, unfortunately my card had not expired and they took the money from my account even though I had let them know that I would not be renewing with them and they had confirmed in writing asking for the insurance certificate back. It took me a month to get the money back!!! Not best pleased. :evil: :evil: :evil:

On the plus side, my heated phone was taken here rather than India :twisted:

Chris.
User avatar
tcsoar
Third Gear
Third Gear
 
Posts: 360
Joined: 01 May 2007
Location: UK Essex

PostPost by: bcmc33 » Tue Aug 23, 2011 2:36 pm

pereirac wrote:Carole Nash want to increase my premium by around 30%

Carole Nash sent my renewal in at +30% When I complained it went down to 24%.
I did a little shop-around and found it not worth while changing, so I renewed today just before the noon deadline.
When I mentioned the amount to some CL members, the consensus was that it was very reasonable.
Brian Clarke
(1972 Sprint 5 EFI)

Growing old is mandatory..........Growing up is optional
User avatar
bcmc33
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1825
Joined: 10 Apr 2006
Location: Aldridge, West Midlands, UK.

PostPost by: Si_130/5 » Tue Aug 23, 2011 7:09 pm

Hello Carl,
I tried all the usual suspects last month when insuring my Lotus and RH Specialist Car Insurance, the one favoured by the Rolls Royce EC, were best by a long chalk. 5,000 miles with a rebuilt and more powerful engine in a London suburb, roadside assistance and recovery across the UK and Europe and it was ?148 - almost half the price of other companies claiming to offer a Club Lotus discount. I've used RH in the past and they seem to have a good reputation.

Si
Last edited by Si_130/5 on Wed Aug 31, 2011 2:16 pm, edited 1 time in total.
User avatar
Si_130/5
Second Gear
Second Gear
 
Posts: 222
Joined: 27 Jan 2005

PostPost by: jeff jackson » Tue Aug 23, 2011 8:15 pm

Hi Carl,
I posted a similar thread a few weeks ago.
elan-f15/insurance-companies-don-love-t23365.html

therefore I would not recommend Adrian Flux, even though I was have been with them for 17 years of Elan ownership.
I will be going with Kim Eaton as recommended by this forum.

Kim Eaton [[email protected]]

Drop Kim an email for a quote.

Kind regards
Jeff 72+2.
User avatar
jeff jackson
Fourth Gear
Fourth Gear
 
Posts: 578
Joined: 31 May 2004
Location: Dorset UK

PostPost by: pereirac » Wed Aug 24, 2011 8:01 pm

Thanks for all the great advice, Kim Easton seemed the most knowledgeable (well he does own an Elan and a Europa), offered the best options and was the cheapest so a simple decision ....
Carl

72 Elan Sprint
87 Excel SE
97 Alpina B10

http://www.lotuselan.co.uk
User avatar
pereirac
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1136
Joined: 01 Oct 2003
Location: Cambridgeshire

PostPost by: gino1 » Wed Aug 24, 2011 11:04 pm

Hi All,
Just want to let you know that in Italy we have a reduced insurance for Historic cars, that is older than 25 years of age.
I personally pay 90 Euro a year for the first Elan and 30 Euros more for each other.
Total premium for 4 elans is 180 Euros a year !!

How does that compare with other countries ??

Hino
Milano
Italy
1964 Elan S2 Roadster
1965 Elan S2 Roadster
1965 Elan S3 Coupe
1968 Elan S4 Coupe
1969 Elan +2
1968 Lotus Seven S3
1982 Lotus Esprit S3
1961 Ford Anglia
2000 Lotus Elise Motorsport-56
User avatar
gino1
Fourth Gear
Fourth Gear
 
Posts: 514
Joined: 12 Sep 2003
Location: Milano - Italy

PostPost by: billwill » Wed Aug 24, 2011 11:32 pm

gino1 wrote:Hi All,
Just want to let you know that in Italy we have a reduced insurance for Historic cars, that is older than 25 years of age.
I personally pay 90 Euro a year for the first Elan and 30 Euros more for each other.
Total premium for 4 elans is 180 Euros a year !!

How does that compare with other countries ??

Hino
Milano
Italy



You are so lucky!
Bill Williams

36/6725 S3 Coupe OGU108E Yellow over Black.
billwill
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 5065
Joined: 19 Apr 2008
Location: London UK

PostPost by: pereirac » Wed Aug 24, 2011 11:57 pm

You have 4 Elans!! Nice one, what about all those Italian cars?? Of course an Elan is better!
Carl

72 Elan Sprint
87 Excel SE
97 Alpina B10

http://www.lotuselan.co.uk
User avatar
pereirac
Coveted Fifth Gear
Coveted Fifth Gear
 
Posts: 1136
Joined: 01 Oct 2003
Location: Cambridgeshire
Next

Total Online:

Users browsing this forum: No registered users and 2 guests