Insurance values

[Jamesv6]

What value have you set your Vee when insuring it?

I've been dealing with a few brokers and large insirance companies today (club related), and they suggested circa £15k for the average MK 2 V6. Possibly a little more if it is mint. They asked me for information on recent sales owners have made to give them an idea of what to really value the cars at. Seems they valued my opinion of the v6 and will use what I say to adjust market values as we are the biggest owners club.

 

[phillv6]

My insurance is due in a month and was thinking around £15K as the car is "mint" [smilie=bunny_4.gif]

Phill

 

[k1ano]

My insurance is due in a month and was thinking around £15K as the car is "mint" [smilie=bunny_4.gif]

Phill

I thought your car was Illiad Blue Phill not Mint Green :badgrin:

Good oh James, keep us posted

Martin

 

[Duncan]

it should be valued on what it would cost you to buy one in the same condition back.

although you can get mk1s for 8k, I would say I would need about 9.5-10k to buy another one that I was happy with so that’s what I valued it at.

 

[phillv6]

My insurance is due in a month and was thinking around £15K as the car is "mint" [smilie=bunny_4.gif]

Phill

I thought your car was Illiad Blue Phill not Mint Green :badgrin:

Good oh James, keep us posted

Martin

LOL :badgrin: I'm just glad that the insurance companies haven't noticed that the Blue one's are faster [smilie=icon_eek.gif] otherwise there could be a premium to pay for all Illiad owners [smilie=icon_eek.gif] :badgrin:

Phill

 

[Jainy]

My insurance is due in a month and was thinking around £15K as the car is "mint" [smilie=bunny_4.gif]
Phill

And.......you get stonking insurance prices cause no-one is EVER gonna nick your beast when you live on a bloody island in the middle of the sea...!!! [smilie=drunken_smilie1.gif] [smilie=drunken_smilie1.gif] [smilie=drunken_smilie1.gif]

Jainy

 

[phillv6]

My insurance is due in a month and was thinking around £15K as the car is "mint" [smilie=bunny_4.gif]
Phill

And.......you get stonking insurance prices cause no-one is EVER gonna nick your beast when you live on a bloody island in the middle of the sea...!!! [smilie=drunken_smilie1.gif] [smilie=drunken_smilie1.gif] [smilie=drunken_smilie1.gif]

Jainy

I certainly hope your right there Jainy about no-one EVER trying to nick him [smilie=icon_eek.gif], rest assured I'll let you know what my renewal premium is [smilie=icon_exclaim.gif] but surely it can't be less than last year [smilie=bunny_4.gif], it's great living up here in "it's grim up't north" land :badgrin: [smilie=bunny_4.gif]

Phill

Phill

 

[k1ano]

Just insure it 3rd party Phill, you don't drive it fast enough to crash it - or maybe the blue ones don't go fast enough :badgrin:

Martin

 

[phillv6]

Just insure it 3rd party Phill, you don't drive it fast enough to crash it - or maybe the blue ones don't go fast enough :badgrin:

Martin

LOL :badgrin: :badgrin: blimey Martin maybe YOU should get up on stage at the comedy club - your a wasted talent mate :badgrin: :wink:

Phill

 

[Jainy]

....MMMM...been thinking......I guess the other reason the insurance quote was so low, was you got an OAP special didn't you Phill...??!! :badgrin: [smilie=bunny_4.gif] :badgrin:

JOKE..!! LOL!

Jainy

 

[stevev6]

Mines insured for 20k - agreed value.

Steve.

 

[SimonLM]

What that old Nail?

 

[stevev6]

What that old Nail?

No...........the Mrs is insured for a lot more than that :badgrin:

 

[Deb]

I've just renewed my insurance and I got the details in the post today. They had the value down as £17k which is less than I had it for last year. Just rang them to say I'm not too happy about that, they told me cars depreciate each year so he has to lower it. I said fair enough usually but these are rare cars which seem to be holding their value plus the rare colours go for more. They're still selling for £20k odd in my colour etc. He went off for a bit came back and said sorry, Parkers are saying it's worth £13k so I can't change it! So I have it valued at £17 but if it gets stolen or written off - god forbid - will I still only get the £13 they value it for back??

 

[V6 Rob]

As car sales are not high at the moment and prices are low due to time of year and the financial problems wont insurance values have dropped low too.

 

[stevev6]

Deb, If you want an agreed value, you'll have to pay a bigger premium.

Just the way it goes

Regards, Steve.

 

[Deb]

They wouldn't even give me that option by the sounds of it, do only certain companies do this? All the insurance companies I got quotes from were telling me that seemed a very high value for one as well!

 

[phillv6]

My insurance is due in a month and was thinking around £15K as the car is "mint" [smilie=bunny_4.gif]
Phill

And.......you get stonking insurance prices cause no-one is EVER gonna nick your beast when you live on a bloody island in the middle of the sea...!!! [smilie=drunken_smilie1.gif]

Jainy

I certainly hope your right there Jainy about no-one EVER trying to nick him [smilie=icon_eek.gif], rest assured I'll let you know what my renewal premium is but surely it can't be less than last year [smilie=bunny_4.gif], it's great living up here in "it's grim up't north" land [smilie=bunny_4.gif]

Phill

Phill

Well another years insurance all sorted for £385 :approve:, maybe Jainy IF you told your insurance company that your NOT really 32 years old then you'd get it at a better price LOL :wink: :badgrin:

Phill