Hi Bumface!

It's one of those things, that insurance is a pain and there's no real consistency or even pattern for premiums - I bet if the guy next door to you had exactly the same NCB and Tracker etc as you, he'd be paying £200 less - or more than you !

I'm paying around £740 this year on my little log burner, so to me, the £175 extra you are being quoted for an M5 is excellent - I'm a quick accelerator dab away from you in Slough so perhaps premiums would be higher. I did speak to Admiral who I'm currently with and my policy also covers all modifications, and they said they'd sort some sort of a deal out for me at renewal if I did get an M5 and I think it came out to around £1600 for both cars. Give them a try? else, I think there's more specialist insurers who may be able to do you deals - so perhaps its a case of phoning around. The thing is, if one person mentions a company or broker giving them a good deal, it doesn't mean you'd get a good deal as of course postcode and profession/occupation etc all make the difference.

I'm not able to to PM just yet, but I do need to catch up with you soon and have a little chat about some bits with you! are you still around the Ruislip area ?

Cheers, Dennis!

 

Hi dennis,

Im from slough! You driving an e39 m5? Im looking for 1 to keep alongside my e46 m3... Were in slough you from???
Btw bumface if you live close to slough its the postcode; the sl1 postcode is in the top 3 most expensive in the country...
Dennis i was just driving around with some friends with 2 x e39 m5 around slough a few hours ago! One of them was a black 51 plate with eisemenn race exaust with no cats! Straight through pipes! Could be heard from miles...

Drop me a pm! Would be nice to meet pplz of here!!!

 

My renewal this year after owning my M5 for 2 years, with 9 years NCD came in at £770 on a regular policy through Greenlight, though I could get it down to £460 using a 5k limited mileage classic policy via Classicline.

 

Hi Dennis,

Number noted cheers.

 

Thanks for your reply, would mine qualify as a classic?....is it anything over 10yrs old?....if so i will try to get a one.

 

Hi,

rfsteel - cheers for those places, can at least try them for seeing if they can provide good quotes!

bumface - I've made a note of your number, best if you remove it.. I will catchup with you soon.

cheers, Dennis!

 

i use brentacre for mine, i have 2 cars but only 1 set of no claims, they mirrored my no claims onto the m5 off my daily e90, very helpful and didnt mind the fact the car has a few modifications.

 

Try DNA insurance, I paid £500 fully comp for my scooby with them (full no claims/7k a year milage) and when i changed the policy over to the M5 they asked for no more money on top- which leads me to believe the bmw is cheaper to insure ,which i find quite surprising.!

both are group 20a with the same value @ £7.5k

 

Try LV, I'm paying £380 FC, get on the internet asap



Thanks
Clayton

 

Whats your annual milage and excess if you don't mind please mate?

 

I'm paying £575 to Swiftcover with all mods declared, 9yrs no claims, one fault claim, aged 43. Not too bad.

 

Happy New Year to you all..

A few tips and tricks i use when it comes to paying the Fiddler every year.

First NEVER just renew your policy, you can get it cheaper (£50-£200+) with the same insurer just by checking a new quote on their own website
the reason for this is they give bigger discounts for New Customers (new quote = new customer) they will not ask you for a previous policy no# to check NCB in the quote either, only after you have bought the policy

Bypass the comparison sites, they get a small % from the insurer for directing you, the customer to their product thus adding to your price quote.
all above type sites have a list (by law) of the insurance companies they check when you ask for them to quote, so they are easy to bypass and obtain a list
i know it is more work to enter your details over and over into single sites but you will be amazed what some quote direct.

this bit will take a little research but most online insurance suppliers have more than one trading name (i'll not name'm but easy to find) so more than one site
once you got the names you can open both websites, call for quotes on both and where it asks the question "have you a quote already" you can play the sites off each other you can always adjust the quote and re-submit and they will give a cheaper quote for 2-4 re-submits i have found

there are various ways to get the price down in a policy type ie: summer use, 6 month use 6 month storage, second car multi policy, some are now doing van and car.
but main things to think about when submitting a quote is how responsable you are? mortgage, credit, job, dependants and so on
a single person working as a mechanic renting a flat with no children is more of a risk than a married person working as a mastertech' buying said flat with 2 dependants living at home.

here's a thought.. is parking your pride and joy in the garage more of a risk than parking on the driveway?
most garage openings in the UK are only 7ft wide, it is said there are more and more claims for scratches, body damage, wing mirrors being knocked off while said car is being put in the garage (true reason or not) and so is higher risk

what ever you decide give it some thought, shop around, the more you seem reliable, required by others/family the better you look as an insurable option

 

No restrictions on mine, fully comp with LV approx £400 this year.

 

This topic has been beaten to death on several occasions, its getting like an oil thread now. A search will yield loads of data.



Thanks
Clayton

 

Sorry clayton i have to disagree with your post there dude
you have the luck of living in gods great outdoors and i would think by your isurance quotes/paid money this reflects that
us poor b'tards that live amongst the smog and the great thieving industry have to protect and try to get the best insurance we can

policies can range form £500 to a Grand, and any help/advice to get it as low as possible each year is worth the "oil tag " as you put it

hey... there are names of insurers i don't know in this thread already...so

 

I am grateful for all your info fellas..i will be having a look around and will update here to let you know what happens.

My main gripe is that every year, these companies charge the same or similar money when nothing has changed from me...what happened to the old days where you build up your no claims and it goes down every year...

Living so close to london dont help....the company i use, every year is the same, if i complain i get a small amount off...they have had my business now for a long time, so time to go elsewhere.

 

Now.. next question. (i guess it's in the garage tucked away for winter) When will you next be driving The Beast?
is there a rush to insure it? will you want to drive it the day after the insurance runs out?
i say this for what i call spread out..
insurance, mot and warm weather ie: stuff you can do
so is it important?

 

It has been sorned in the garage for the last few months as i got mega busy with work, booked it in the other day only to get let down at work and had to stay so missed it.

I need to get it mot'd and then sorted as i have to get an inspection2 done, i got some wheels to put on also, and generally, start to take more time to drive it or i will just end up selling it as other cars are tempting me....if i get a sweet quote i will prob go ahead with it in jan at some point.

 

Classicline were and still are by far the cheapest for me. £650 ish on a 6k per year policy at 33 no convictions but in a Liverpool postcode. Plus you don't need to use your NCD on a classic policy so using my second daily driver i can use my NCD on that to get a cheaper policy

 

Hi

Mongo - thanks for that post! very helpful and insightful and I'm going to try some of those tips when it's renewal time for me !

Clayton - appreciated that this topic has been done, however as mentioned by Mongo, many of us in densely populated areas often have a nightmare with insurance. A couple years ago, my renewal for my little 3.0 log burner came through and the workmen in my house at the time stopped and walked over to ask if I was ok! I'd opened up the letter and had literally frozen in shock! the quite had TRIPLED to around £2200 and yet I had no accidents, or multiple convictions or indeed any change to my circumstances! I eventually got it down to £1100 but I was not happy at all ! (full NCD, clean licence and 38 at the time)

Bumface - like yourself, previously I'd used brokers who'd always get me a fantastic deal on insurance and with the fact we in the family had multiple cars, a USA F150 Supercharged truck etc - but lately, even he'd say he couldn't do any better deals and advised if I got cheaper insurance elsewhere to just go get it. I did find time the last 2 renewals to shop around and Admiral have so far been the best for me to go for with my mods all declared as per usual. So I'd say to create some time to do what Mongo mentions above!

Khurum - Hi and I'm wondering if you and your friends are in the M5 with the 19 inch ACS Type 3 Racing I sometimes see rumbling about? I think there's one or two other E39 M5's rumbling around here who's owners aren't on the forums (amongst all the other supercars blatting around as well!). At the moment, I'm not in an M5, always wanted one going back to 98 when I almost went for an E34 3.8 but it's never quite happened. The big V8 thrills from 2004-2010 was provided by the F150, but at some point in the near future I will get an E39 M5! - I think I need more posts to PM, I'm in Central Slough and my car is the White Touring on Hartge Nova 5 19's

Cheers, Dennis!

 

Hi

Mongo - thanks for that post! very helpful and insightful and I'm going to try some of those tips when it's renewal time for me !

Clayton - appreciated that this topic has been done, however as mentioned by Mongo, many of us in densely populated areas often have a nightmare with insurance. A couple years ago, my renewal for my little 3.0 log burner came through and the workmen in my house at the time stopped and walked over to ask if I was ok! I'd opened up the letter and had literally frozen in shock! the quite had TRIPLED to around £2200 and yet I had no accidents, or multiple convictions or indeed any change to my circumstances! I eventually got it down to £1100 but I was not happy at all ! (full NCD, clean licence and 38 at the time)

Bumface - like yourself, previously I'd used brokers who'd always get me a fantastic deal on insurance and with the fact we in the family had multiple cars, a USA F150 Supercharged truck etc - but lately, even he'd say he couldn't do any better deals and advised if I got cheaper insurance elsewhere to just go get it. I did find time the last 2 renewals to shop around and Admiral have so far been the best for me to go for with my mods all declared as per usual. So I'd say to create some time to do what Mongo mentions above!

Khurum - Hi and I'm wondering if you and your friends are in the M5 with the 19 inch ACS Type 3's I sometimes see rumbling about? I think there's one or two other E39 M5's rumbling around here who's owners aren't on the forums (amongst all the other supercars blatting around as well!). At the moment, I'm not in an M5, always wanted one going back to 98 when I almost went for an E34 3.8 but it's never quite happened. The big V8 thrills from 2004-2010 was provided by the F150, but at some point in the near future I will get an E39 M5! - I think I need more posts to PM, I'm in Central Slough and my car is the White Touring on Hartge Nova 5 19's

Cheers, Dennis!

Hi dennis! White touring on hartage nova 5s on same road as AVIT? Always reverse parked into the drive?
No the 2 m5s my mates currently have have the standard alloys! Look better to be honest!
There was a beautiful estoril blue 1 my mate sold cpl weeks ago! Was awesome...

 

Purely a post code lottery IMHO...

I've found the comparison sites to get me the best quotes over the last few years, even calling the "quoted companies" direct from the comparison sites has proven to me that they won't go as low as on the comparison sites.

Plus I can't be bothered wasting hours of my life ringing each insurance company who take at least 10 minutes asking the same bloody questions as the previous organisation before we are even close to a quote.

I did a "GoCompare" quote recently and was very surprised that it came out at £370, Fully Comp Business use for 20k miles per annum with a compulsory £250 excess. 10 years NCB, car garaged over night, late 40's driver with 5 points, but in a failry low risk postal code area.

 

Hi,

Khurum - That's correct, although I now park on my own driveway - It's debateable if the oem wheels on the M5 are the 'best' looking! Don't want to hijack the thread, so will PM you shortly.

Cheers, Dennis!

 

Yes drop me a pm mate... Looking forward to catching up with you!

 

classicline for me as well. 199 pounds last year,400 excess,5k limited mileage.
mind you i am in a rural postcode and i am an old git.
i searched and searched for days on the net and nobody got close to classicline.
i think the topic is relevant as insurers and insurance change all the time,as the new european regs come into force.

 

I used A-Plan who always looked after me very well until I got into a bit of trouble...when I got my licence back they couldn't do anything competitive. Now with a broker calls Thames Direct who are cheap but I have no idea what their service will be like if I need to use them. Ironically it's the same insurer (Zenith) that A-Plan had me with but who absolutely refused to cover me with a DD40 on my licence...

SB

 

i go compare-moneysupermarket it every year, this years went from 200 a year to 180, adrian flux, fully comp 6 years ncb no accidents no tracker required, inverness post code 6k a year.

 

I got £522 fully comp. £500 excess. Unlimited Mileage. Cambridge. I'm 29 with 6 year NCB. I had a tracker last year but didn't renew it this year as it didn't make sense. The policy is 1st Central. But I got it from comparethemarket.

^^ I guess thats one good thing about living in inverness!

 

£180 a year? Christ, I couldn't insure a pushbike for that down here, even before getting a grubby licence. Pre-conviction my best insurance, with 9+ years no claims, lots of advanced driving but business use, protected no-claims and unlimited mileage was £720 for me and my wife. I now pay £870 for just me, otherwise the same. Oh, and I'm nearly 50.

I think I should move to Inverness...

SB

 

Mine's up for renewal in a month or so and the thread prompted me to get a quote to see how things are looking. Via quidco I did a price comparison and the lowest price gives me just over £30 cashback, taking the premium down to £317. That's for 5k a year, aged 40 with full NCB. No tracker, car garaged at home in Essex.

My advice would be to use a price comparison site like go compare to start with. You can save your quote and then alter an item or two (e.g. alter the excess amount) and get it to requote with the changes quite easily. I've seen the quotes reduce for odd things sometimes, so it might allow you to spot something that benefits you. Maybe there is a different description for your job that makes a difference. I found one year the premium decreased if I said I was not storing it in a garage overnight versus if I did (makes little sense from a security point of view, but someone said you might damage the car putting it in a garage and thus premium was higher?!?). For last year's premium the lowest quote, with the same insurer, was cheaper if I said I'd do a max of 5k miles compared to when I said I'd only do 3k miles max. When I called to confirm they said the price was higher on a lower mileage as people who didn't drive much were a statistically worse risk per mile - they didn't seem to take into account the fact that I had already told them it was not my only car so my annual mileage is well over 10k a year overall. They said I didn't NEED to drive the whole 5k, it was just a maximum mileage allowed, so naturally I just bought the policy that gave me the extra mileage at a cheaper price (I think I only did about 2k in the M5 for the year in the end).