BUG4LIFE

Sorry in advance (in car this has been asked a million times).

Besides the obvious/general stuff you'd look at when going to see a used car, is there anything ISF specific I'd need to check, when going to view a car?

Cheers. 

1 hour ago, bobmc said:

Don't know if you've seen this

https://www.ala.co.uk/gap-insurance/back-to-invoice-plus

 

Hey. I have mate, I spoke to ALA a few days ago. That back to invoice policy would cover the difference an invoice company would pay out up to the Glass/Parker value when you take out the policy. So if bought a 2008 ISF now, the max you're looking at is £15.5k (the book value) if it was written off. So not really useful in the short term. GAP only help years down the line really.

Anyway, I think I'm sorted with my insurance (when/if I buy an ISF). Had a good conversation with a girl at Sky insurance this morning. She said Sky wouldn't use the 'book' value when assessing a write-off. They'd look at the real market value of your car (spec, condition, miles) and base the payout on that...so you're more likely to get enough money to buy like for like. The proof would be in the pudding of course and I hope I'd never have to find out. But agreed value wouldn't be required if she was telling the truth!!

Higos can't help. Too expensive!

Greenlight only do modified cover.

Another question...who here are confident that if you had a bump your insurance company would approve the repairs to be carried out by Lexus, as appose to one of their 'official' repair places? It's a question I'm currently asking Sky insurance(I'm on hold)?!

1 hour ago, Martin F said:

Have you tried Higos? 

On the job list for tomorrow :)

Just noticed that Yorkie740 recommends Greenlight Insurance in the 'Recommend a discount' section. I might as well give them a go.

As mentioned, I got a good quote from one broker but they don't offer Agreed Value - hence why I'm still searching :)

2 hours ago, DAN@ADRIAN FLUX said:

Without knowing the ins and outs of the situation, I cannot comment fully, but it isn't just overall experience that is taken into account, it's being used to a particular car. Statistically you are more likely to have an accident in a vehicle in the first 12 months of owning it. Therefore we find prices are always higher during the first year.

Although different brokers often use the same underwriters, the deals and schemes they have access to will be different for each. For example, we at Adrian flux are a specialist performance and modified broker, therefore the schemes we have with Ageas are geared more towards this rather than standard vehicles. We can still insure standard cars but are sometimes not as competitive as some of our rivals.

Regards

Dan

Hi Dan,

Thanks for your reply. Just regarding those 2 quotes I've had from different brokers but the same underwriter, surely AF would be pretty miffed that a competitor [who also specialise in performance and modified car] can offer me a product that is far more competitive? Surely AF would want that same product from the underwriter, or you could lose business of exactly the kind of people you cater for - an ISF is a specialist performance car after all!

Your colleague did mention that you could maybe be more competitive after the first year of ownership [as you mention above]. Fingers crossed that is true as I'd happily try you again next year. I guess AF is willing to take that risk that customers will try again in the future?

Thanks again.

Hey mate. £306 is a good price but I imagine Esure don't offer agreed value policies (I'll check).

Just been reading a thread on Pistonheads. A guys low-mile BMW E36 328 Sport got written-off (not his fault, it was parked up and someone crashed into it). Insurance say it's worth £1300 but there's no way in hell you can buy like for like for £1300 - you'd need triple that at least. The car price guides don't take rarity, or how desirable a car can become, into account.

An ISF is obviously worth a lot more than an E36 BM so the difference in what your insurance would pay out if the car was written-off and what you'd need to buy a replacement ISF could be quite large.

I did start a thread on PH to see if anyone has got a competitively priced agreeed value policy but no replies ;(

Update [if anyone is bothered]!!

I've spoke to a company who offer GAP, and although they do offer cover on a private sale, if you wrote-off your ISF they'd only pay up to the figure that matches the Glass/Parker guides at the time you take out the policy - so using an 2008 ISF as an example [good condition, 50k miles]; Glass guide says £15,590. So you'd still be way short on what you'd need to replace like for like!

If you buy the cover now, in 3 or 4 years time it might be useful, as Glass would say your ISF is worth say £10k but you'd get £15.5k [insurance payout and GAP combined]. Not really helpful in the present though!

An agreed value policy seems to be a better bet, if the agreed figure was a more realistic price though of course!

So, I called an insurance company I used for many years to get a quote. £510, £300 excess. Much better. The only problem is they don't do agreed value on such a car.

The next part of the conversation makes it hard to think car insurance quotes are nothing more than just numbers pulled out of a hat. The guy said the policy is with Ageas...hang on, that's the same company as the Adrian Flux quote!

So one broker can do me a good price but no agreed value, the other a crazy price but can include agreed value - both products through the same company. Why? Why can't I just have the good bits from both policies, tell me Adrian Flux Dan?!

I was disappointed they could only offer 1 policy as the others were in the thousands!

I'd class myself as pretty standard so why are the quotes so high?

Reading the issues Martin F had with Admiral does put me off them, and it could be they don't offer agreed value policies on a car of this age anyway. 

Damn, just got a quote from Adrian Flux...a bunch higher than I thought it would be really :(

Including 'no-claims protection' [which was a massive £99.15 extra], the quote was £883. Making it worse, the excess is £550! Adding 'agreed valuation' was only an additional £42 - but that's over £900 for the lot.

I didn't think I'd be paying what I do for my E36 but that figure is triple. At 38 I'm not exactly a youngster and I live in a pretty decent area so was hoping for something a little less?!

She did mention that after a year of owning the car the price would decrease quite a bit. I'm not sure about this as in my experience insurance only goes one way...up, up, up! Anyone else had a big first year cost that reduced the second year?

Think I better try some other places?!

On 05/10/2017 at 11:01 PM, Martin F said:

Yes, but if your car is written off do you really want to have to fight with the insurance company for up to six months, refer to financial ombudsman etc, etc just because they don't want to uphold their part of the contract? 

Unfortunately I learnt my lesson the hard way and because of that would never touch Admiral or their sister companies with a barge pole. 

Who do you use now then mate (soz if you've already mentioned that)?

36 minutes ago, MNMJ said:

I used More Than for a about 6 years on IS-F and RC-F. They tried to up the premium each year, but a quick look on Confused.com and  a phone call brought the premium down. They were very professional on the phone which gave me confidence.

This year they took the p*ss and wanted to put it up by 48%. Then on Confused.com I saw a More Than quote about £100 cheaper than they had offered me for renewal. So I jumped ship

I suppose all providers try and gouge existing customers, so just shop around

Most important to me is how they'd deal with a claim as appose to the lowest price.

For instance, I had a new windscreen on my BM a while back. As the car is old and rusty I wasn't worried too much about who fitted the replacement. The guy was nice enough but the trim he put around the screen still isn't sitting right. When/if I had an ISF and needed a new windscreen I think I'd want to choose my own replacement company but, wouldn't want to get shafted for doing this!  

1 hour ago, Martin F said:

This is not the normal use of a GAP insurance policy, but I guess it would work. 

I just wonder if the cost of regular car insurance + GAP insurance is less than having a agreed value policy. I previously went through a big fight with Admiral and won, but was so ****** off that they wanted to fight me every step of the way so my Supra is on an agreed value policy and I should probably consider the same for the RC-F

I haven't had chance to look into GAP yet, but I was thinking, if you own an ISF that's written off/stolen and never recovered, the insurance company should be paying out enough cash to buy other one? If all the cars available for sale are priced way above what the price guides say, wouldn't you have a case to expect more money without having to get GAP cover?

I know that's in an ideal world and insurance companies are buggers but... 

3 minutes ago, Malc said:

I understand from my niece who works for a broker that the NFU are probably the best for after-care and attention in the event of a claim ...............  and you don't have to be a farmer, just have enough money to not worry too much about the premium.

Malc

I might as well get a quote!

13 minutes ago, Flytvr said:

I'm with Admiral - like a few others. Just make sure you have gap insurance!

Ok, cheers. I haven't really thought about GAP on a car of this age. I'll look into it. 

Sorry if this is covered elsewhere but I was just wondering if any particular insurance companies are recommended to cover an ISF?

I'd prefer to use someone who offer a good services, if required, as appose to the cheapest.

Do you guys have some kind of agreed value on your policy as I'm guessing the general pricing guides value the cars far less than what you'd need to replace your Pride and joy?!

Thanks in advance. 

3 hours ago, Chuckie478 said:

You can't convince yourself to work overtime this once?  It's for a good cause

Excellent thread digression as normal for this place   For the OP what's the budget?

£20k and under...haven't fully done my man maths yet though!

1 hour ago, Warrington guy said:

There might even be a nice  white one for sale on the day 

As much as I'd love a 2013 ISF, I think that'll be pushing my budget a little to far?! I do really like white too.

2 hours ago, Flytvr said:

The 'Kemble Grand Tour' is round the corner from you. Ideal opportunity to meet IS-F drivers and cars.

Oh ok, sound, I'll take a look at the thread.

9 hours ago, Flytvr said:

😀

Bottom line, it is up to you 😀

Describe the right ‘ISF’ for you. We are listening 😜

One that's been loved and ideally doesn't have the light interior! Oh, the Lexus warranty would be a bonus too.

Dont mind the exterior colour, I think they looks good in all of them :)

Over 60 views and not 1 message of encouragement to pull the trigger and join the ISF crew?!

Currently, my rather old and rusty [I prefer the word 'patina'] E36 328 is sat at a garage awaiting someone to figure out why she wouldn't start Friday night...not the best way to begin the weekend!

As the car isn't exactly worth a lot, if the bill to fix her is close to what she's worth, is it now time to start the ISF search? :)

Part of me want the BM back on the road as I don't want to rush finding the perfect ISF, but as I've been driving the same car for the past 8 years, I am looking forward to getting a new car!

4 owners isn't high for a 2008 car like this. 

I think this is being discussed in the IS250 section...pretty ****ty for you guys, you need the work doing but could get the car back with damage!