Flux will never win the 'Customer friendly and approachable staff award', but for getting a good price, they did the job,
I was with Privelage prior to that, but the premium through them went up a £100.00.
I've got a cat1 alarm, plus tracker, plus it's garaged, and I live in a fairly good area. (according to them)
My Father has a 528i (3yrs old) and his quotes from flux were fairly extortionate, he got covered via Norwich Union, and saved extra by doing it online and paying by credi card.
trouble is, the proof in a co. is when you have to call on them to sort you out, by then it's normally too late.
Do you tell them about your AMD chip?
If so does it make much difference because Ive never declared mine.
Andy
I don't tell them because as far I am concerned I was paying for a 340bhp engine and I just got AMD to make sure it was 340bhp!
Also, without the specific software to read the EEPROM there is no way they would be able to tell it wasn't standard. The EEPROM is not something the average insurance investigator can check.
I used to tell my insurance companies every last detail, but that was because I was on a like-for-like policy - if it wasn't on the list when it got stolen then they wouldn't replace it.
__________________ "If you're not producing skidmarks you're not trying hard enough"
Well I'm the highest so far... £1850 with Direct Line. But I am only 22, so I reckon thats pretty reasonable compared with some of the prices mentioned in this thread!
Forgot to say, thats for a late 1993 3.8, kept on driveway, 10k per annum.
I'm not a member of any BMW clubs, although I may join and show my E30 325i Sport when its been restored to mint condition.
In the "me to, me to" stakes, I think it is worth mentioning, that my BMW main dealer stated unequivocably that the 1990 factory alarm is not, I repeat not, Thatcham approved and would not qualify if entered today. My insurers agreed.
The point of the post it that I claim the record, as the quote was £3500 with the factory alarm, reduced to £1750 with the new Cat 1 alarm and tracker, then finally I paid £1433 after my birthday came.
This is with no no-claims and all the other stuff I said earlier.
MMM_Five, from your post I read that your insurance is quote ;
...latest premium was £1280 from Adrian Flux, which was £100 dearer than last year...
I also asked them about what I could do to reduce my premium.
Their options were (1) Get a Tracker system; (2) get a cat 1 alarm;...
If you got £1280 WITHOUT the Cat 1 alarm then congratulations!
Secondly, if, and its a big if, they ever find that AMD chip after a crash, they will refuse the payment. I know what you say in the post about bringing it up to standard, but they will refuse. I hope and doubt you`ll ever be in that situation, but it is still there. Even a K/N filter instead of an airbox (err...bad move anyway on our car) counts as a modification.
Technically, even clear indicator lenses have caused concern, because as one of the UK mags pointed out, there is a clear (geddit!) difference between ones that carry the required CE mark for european sale, and the "others", I won`t say cheap, as they often are not.
That`s going to be fun in court if some boy-racer who rear-ended you at a junction says he didn`t see you indicate, because the little runt realised that early cars didn`t have them and sees a get-out-of-jail-free card waving in the air.
I know I sound like an old guff going on!!
Use your own judgement.
PS. I smoked the tyres today. Not so decrepit after all
__________________
"Never enter Karussell when on the brakes! I have gone round there on the roof, I know what I'm talking about." ~ Sabine Schmitz
Last edited by IvanDias; 18th October 2001 at 22:12.
Think I got the best deal so far at wait for it......Tescos.
BMW M5 1995 LE
Age 22 years. One sp30 = 3 points
Full 5 year No Claims (so far)
Car up to the value of £30K, no mileage restrictions and garaged.
Security required by Tescos is category one. They however DO NOT REQUIRE A TRACKING DEVICE be fitted or working, even though I do and do.
Grand total £1180 for me. I paid an extra £150 for protected no claims and extra driver (my Dad) who is 50 with a clean licence. Didn't believe the quote until it came through in writing!!
regards
M5 powered
Last edited by M5 powered; 19th October 2001 at 02:13.
Try to agree with your insurance company as “agreed value” instead of “insured value” for your vehicle.
I am experiencing the crisis to loose my car because I was not aware the difference of this prior to the theft.
My car was stolen a month ago and found wrecked 3 days after. The judgement of the insurance guys is “economically total loss”.
I relaxed at that time because my policy set forth the value of my M5 as about £16,000. But I found later that this amount is not the one I can receive. This is only “insured value” and not “ agreed value”
Unless your policy sets forth “agreed value”, which means you can get automatically the amount if the insurance company judges the car is impossible to repair, you have to negotiate with insurance guys what the market price is.
In my case, the market value they insist is only £6,100 by which I cannot buy the same condition of M5. Mine was 93 3.8 with 60,000 miles only.
If I lived in UK, yes, £6,100 may work but since I am in Ireland, I have to add 25% import tax on the price that makes me impossible to buy M5s in UK market.
It is ridiculous that £2,300 insurance premium just does not work!!
You would NEVER get a 93 3.8 in the UK for that. That offer is ludicrous - I hate insurance companies, and I work for one!! Tell them to find you an example of cars being sold for that price, and I think they'll find it rather difficult.
You should get at least £11k for it I would say, unless they're considerably cheaper in Ireland?
Slightly off topic, but does anyone know how many UK 3.8s were made?
Yes I've already told them to find an example for me. Their reply was that they just don't care if there is a car in the market or not. I am wondering then, how they can determine the market price.
Before talking a price high/low, the number of the used car is problem here in Ireland. It was only one 1990 M5 available which recently seems gone.
Originally posted by IvanDias Secondly, if, and its a big if, they ever find that AMD chip after a crash, they will refuse the payment. I know what you say in the post about bringing it up to standard, but they will refuse. I hope and doubt you`ll ever be in that situation, but it is still there. Even a K/N filter instead of an airbox (err...bad move anyway on our car) counts as a modification.
Technically, even clear indicator lenses have caused concern, because as one of the UK mags pointed out, there is a clear (geddit!) difference between ones that carry the required CE mark for european sale, and the "others", I won`t say cheap, as they often are not.
That`s going to be fun in court if some boy-racer who rear-ended you at a junction says he didn`t see you indicate, because the little runt realised that early cars didn`t have them and sees a get-out-of-jail-free card waving in the air.
That's is what pi**ed me off so much is the fact that I spent so long getting the 'best quote' with a BMW Cat 2 alarm and then find out that Tracker and Cat 1 reduce the premium by so little. The other quotes I was getting were between £1500 and £6000. The Adrian Flux one is supposed to include a 25% discount for BMWCC members as well. But if I've got 60% no claims bonus plus 25% from BMWCC which totals (25% x 60% = 15%) 75% then my normal premium must be between £6000 and £24000.
I totally agree that IF they find out it would be terrible - but the AMD chip is identical to the BMW chip in all but fuel mapping data tables. These tables are not the same on every vehicle out of the factory though and some variance is allowed. If the chip is within these tolerances and someone manages to read the after an accident then no problems. There is no way someone without a very detailed BMW electronics background would know these mappings (about 4 people I believe) and it is almost inconceivable that for a 'fender bender' that they would examine the ECU!
Thinking about it though - if you put say Z rated tyres on a motor instead of the standard V then you are modifying it beyond the manufacturers standard and as such invalidates your insurance as well. The same goes for using super unleaded (97/98 RON) petrol if the handbook states 95 RON. It is purely up to the insurance company as to how petty they get. I'm sure it will come to a time when the insurance companies will do anything to refuse paying out. After all this new Optimax claims to increase engine power and efficiency by about 5% . . . therefore a standard E34 3.8 M5 would have around 357bhp - and they could easily test for the fuel and tyre ratings.
I remember getting uprated discs and pads for my previous car becuase the standard ones were so bad. However this is classed as a performance modification and increases the premium. Their argument was that if you could stop faster then you will driver faster and closer to the limit - but does the same not go for Z rated tyres.
How about a 'shop a cheat' scheme where you can grass someone to the insurance company when they put a claim in with something like "he's got performance tyres on his motor - don't pay anything", or "he put super unleaded in his motor - don't pay him". The reward could be a year's free insurance - it wouldn't cost them anything either as the 'grasser' would probably be grassed up himself.
__________________ "If you're not producing skidmarks you're not trying hard enough"
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