The Perennial Insurance Question!

[Lancerlot]

So, I'm on the hunt for insurance for the upcoming new Macan GTS.

I recently dedicated a morning to online form filling and some telephone enquiries.

At the end, the sole thing achieved was a headache! []

The quotations ranged from just under £300 to £1,600! (No prizes for guessing from whom the highest quotation came. [])

It's always a tricky proposition - this car insurance - and it can be most difficult teasing out small print items from some brokers/insurers.

Large imposed excesses often get glossed over. Sometimes you' go a long way down the commitment road before discovering the company insists on using non-Porsche approved repairers, aftermarket and recycled parts and, if you tell them the car is garaged, it will often be uninsured should you once leave it overnight on your drive. All these things are there to trap the unwary. [8|]

One new thing I have discovered is a couple of insurers won't even quote unless the vehicle has been registered. Back in the day, you needed insurance before you could get a registration. Strange times these - I sometimes think life has passed me by.

It's all very wearisome and I'm still on the trail but hopefully not too far from closing a deal - onwards and upwards! []

Regards,

Clive

 

[TimG]

I have a multicar policy with Admiral and to add the GT4 for my wife and I fully Comprehensive based on 8,000 miles per annum was £220 for the 11 months left to our usual insurance anniversary (including a £250 compulsory & £100 voluntary excess). It is the cheapest car I insure, the others being BMW 2018 330d touring & Audi A3 bring the total to about £820 a year.

 

[stuartclarke]

Clive, I can take a guess from whom you've been given a high quote. I purchased my 2017 Macan GTS last December and ran round in circles getting quotes. Some of the reputable companies just wanted to waste time with long phone calls whilst I wasn't so sure going for a general household insurer in case the car wasn't fully covered under the small print and/or wasn't allowed to use genuine parts. I also had a the additional problem of having two cars and trying to get them to mirror my NCD. Yes, I could have gone for a multi-car policy but again this would be with a general household insurer. So in the end I opted for the Porsche Insurance (to be clear, not Lockton's) with a standard £500 excess. So I should have all-round peace of mind with my warranty, breakdown cover and insurance.

 

[richardfleming]

on the 'which insurer' question and the small print - has anyone used direct line and what are the hidden pitfalls? We've used them on other (non porsche) cars over the years and had one call on them for a deliberate crash (con trick I reckon) that they didn't handle perfectly.
But in general we have a reasonable deal with them for our three cars - my wife does particularly well out of it compared to me - so lack of momentum keeps us where we are.
I tried an insurer who cannot be named [] and they wouldn't quote against my current insurer and terms as their cost would be far above - which was refreshingly honest at least.
I had a quote from NFU which was very much lower and made me wonder why.... so doing a bit of thinking about next renewal.
The main thing that bothers me (I guess much like clive) - is when they will/won't pay out - rather than the short term premium saving. I'd pay a higher premium if I had certainty on no p***ing about when the worst happens - but in reality it seems even if you do pay extra you still get that anyway.

for my macan gts - 600 and change by the way

so anyway, any known problems with direct line or nfu in the small print/strings/restrictions/exceptions front?

 

[tscaptain]

After the Porsche Insurance via Marsh policy changed (thank you Aviva), I switched to Mannings. Very happy with the cover, the people and quote for the turbo. Both our 911s are with them.

 

[stuartclarke]

Alan, you state "Porsche Insurance via Marsh policy changed". Can you clarify exactly what changed?

 

[tscaptain]

Alan, you state "Porsche Insurance via Marsh policy changed". Can you clarify exactly what changed?

They introduced a repairer of their choice and not mine and removed track day cover along with a few other changes but the premium went up. They did say I could have a covering letter stating that I could choose a Porsche approved repair/paint shop but, after 10 years, I felt it was time for a change.

 

[stuartclarke]

Thanks for clarifying. Seems as though there's some similarity with the current Porsche Insurance via Carbon but insured with Aviva. I was happier with their customer service than some others though.

 

[Peter_Bull]

Beware!!

Six / seven years ago I switched over to Lockton’s and have had very good service and pretty good premiums over the years. I have my Porsche and my wife’s BMW with them.

Like Clive I am awaiting delivery of my new Porsche and thought I would shop around and see if I could get a competitive quote. I was shocked to find that Manning would not quote me as I had now had no NCB !! What!!!!!

Apparantly Lockton’s insurance do not work on the principle of NCB and therefore I did not accrue any over the last 6 years. My previous 9+ years of of NCB prior to joining Lockton’s was lost after two years with Lockton.

Lockton’s said they would provide me with a letter stating teh years of my NCB when I joined them and also stating that I had made no claim in the last 6 years with them.

I explained all this to Manning’s but they would not quote me.

I cannot see a way out of this.

 

[dpoynton]

I tend to insure with the high street brands, though I appreciate the arguments for specific repairer clauses etc.

I recently switched cover on our Boxster from LV to eSure. LV work on max NCB of 9 years, but I stated I had 23 years+ in my application to eSure.
eSure wanted proof, I supplied the LV renewal letter quoting 9 years NCB and asked eSure to check the insurance industry database to confirm my 23 years.

This, they did and I have received confirmation that they are satisfied that I am entitled to 23 years NCB.

HTH
D

 

[Lancerlot]

any known problems with direct line or nfu in the small print/strings/restrictions/exceptions front?

Direct Line - usually high compulsory excesses, restricted foreign cover (unless paying extra) and require detailed quotations if using own repairers.

NFU - additional excess for high performance vehicles - carrying explosives, gasses, chemicals or more than 2,000 cartridges/bullets excluded. But DOES include roadside recovery and 2 years GAP insurance for new and pre-reg. demo cars.

I recently switched cover on our Boxster from LV to eSure.

How did they feel about your speeding tickets, then David?

eSure have a windscreen replacement limit of £100 unless fitted by Autoglass and a £200 additional own repairer excess.


Regards,


Clive

 

[dpoynton]

How did they feel about your speeding tickets, then David?

They didn't ask me about any speeding offences I may, or may not, have committed (2014 wasn't it?), or where (ie, not UK). [8|]

ATB
D