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Old 16th September 2019, 17:58   #11
vacuman
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Originally Posted by Blink View Post
Did you try them for more than £1,100? (The new parts I mentioned cost more than that, let alone the rest of the car).
But they are only new parts until you fit them and drive.

If we could value our cars by what we spend on them rather than what someone else would pay life would be a lot easier.

Not much different to paying £20k for example for a new car. Right it off a year later and the payout would be the dealer trade in price (I assume - no personal experience).
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Old 16th September 2019, 18:20   #12
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Very good point about the parts - as soon they are fitted they make not a jot of difference to the value of the car. Sad but true.

Where a well maintained car DOES have more value is in its resale value. So with old cars the only option is agreed value - but that would not really suit me as I use my car every day. It’s economical, reliable and fun to drive.

I only pay about £230 pa fully comp - and that is with a good company- my broker will not deal with those companies with a bad claims paying record. If an independent broker recommends a company - they really don’t want to have to explain to customers why that company is useless when it comes to the crunch point!

There is a reason why these scam companies are the cheapest - it’s because they don’t want to ever pay out even for a perfectly valid claim.

All you get from these scam artists is a bit of paper making it legal for you to drive. Don’t expect them to be helpful, responsive or behave ethically if you need to claim.

Last edited by Darcydog; 16th September 2019 at 18:24..
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Old 17th September 2019, 07:21   #13
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Very good point about the parts - as soon they are fitted they make not a jot of difference to the value of the car. Sad but true.

Where a well maintained car DOES have more value is in its resale value. So with old cars the only option is agreed value - but that would not really suit me as I use my car every day. It’s economical, reliable and fun to drive.

I only pay about £230 pa fully comp - and that is with a good company- my broker will not deal with those companies with a bad claims paying record. If an independent broker recommends a company - they really don’t want to have to explain to customers why that company is useless when it comes to the crunch point!

There is a reason why these scam companies are the cheapest - it’s because they don’t want to ever pay out even for a perfectly valid claim.

All you get from these scam artists is a bit of paper making it legal for you to drive. Don’t expect them to be helpful, responsive or behave ethically if you need to claim.
You are right there Clive, it’s a piece of paper to make it legal to drive. The other thing is if the company pays out in the event of a claim or not. The agreed valuation on my 21 year old 75 is £3000, for £325
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Old 17th September 2019, 10:02   #14
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No I didn't, I also have just had all new rear suspension including upper and lower arms and springs, plus new front suspension and all bushings. Brakes alone cost almost £300 too. They will simply class that as wear and tear maintenance.......
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Originally Posted by vacuman View Post
But they are only new parts until you fit them and drive. ......
Quote:
Originally Posted by Darcydog View Post
Very good point about the parts - as soon they are fitted they make not a jot of difference to the value of the car. Sad but true.

Where a well maintained car DOES have more value is in its resale value. So with old cars the only option is agreed value - but that would not really suit me as I use my car every day. It’s economical, reliable and fun to drive.

I only pay about £230 pa fully comp - and that is with a good company- my broker will not deal with those companies with a bad claims paying record. If an independent broker recommends a company - they really don’t want to have to explain to customers why that company is useless when it comes to the crunch point!

There is a reason why these scam companies are the cheapest - it’s because they don’t want to ever pay out even for a perfectly valid claim.

All you get from these scam artists is a bit of paper making it legal for you to drive. Don’t expect them to be helpful, responsive or behave ethically if you need to claim.
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Originally Posted by Gate Keeper View Post
You are right there Clive, it’s a piece of paper to make it legal to drive. The other thing is if the company pays out in the event of a claim or not. The agreed valuation on my 21 year old 75 is £3000, for £325
So we've got these 'valuations' and premiums:

Vossy - value £1,100 (premium £218)
Darcydog - value??? (premium £230)
Gate Keeper value £3,000 (premium £325)
My quote - value £395 (premium £136 if I bought the insurance)

Those are wildly different valuations. What would each company pay out in the event of a prang that cost (say) £500 in parts?

Condition of the car does not appear on any website I've tried. Mileage of the car does not appear either. So if a complete refurb makes no difference and the car's mileage makes no difference, what does?

This box is on one of the big two comparison sites but the figure entered appears to make no difference to the results - I tried it twice (£1,500 & £3,500) and got the same quotes. So the box is pointless.

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Old 17th September 2019, 12:46   #15
Vossy
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Try Peter Best, they will do agreed value for you.



Let us know the outcome.




Peter Best Insurance
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Old 17th September 2019, 12:54   #16
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I have my 53 plate Rover 45 insured with https://www.classiclineinsurance.co.uk/
But I agree with others, at the end of the day a car is only worth what someone will pay for it, however much has been spent maintaining it.

Last edited by RoverP480; 17th September 2019 at 12:57..
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Old 17th September 2019, 15:09   #17
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Try Peter Best, they will do agreed value for you.

Let us know the outcome.

Peter Best Insurance
Thanks - I will give them a try.

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Originally Posted by RoverP480 View Post
I have my 53 plate Rover 45 insured with https://www.classiclineinsurance.co.uk/
But I agree with others, at the end of the day a car is only worth what someone will pay for it, however much has been spent maintaining it.
That's my whole point - someone will pay more for a car with an entirely new setup underneath (suspension, subframe, hubs etc) than they will for a car where everything underneath is 18 years old and covered in rust - one car is worth X, the other is worth less than X.

Comparison websites ask you for your own valuation then the results ignore it completely. I'll take a look at classicline - thanks.
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Old 17th September 2019, 15:23   #18
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Quote:
Originally Posted by Blink View Post
So we've got these 'valuations' and premiums:

Vossy - value £1,100 (premium £218)
Darcydog - value??? (premium £230)
Gate Keeper value £3,000 (premium £325)
My quote - value £395 (premium £136 if I bought the insurance)

Those are wildly different valuations. What would each company pay out in the event of a prang that cost (say) £500 in parts?

Condition of the car does not appear on any website I've tried. Mileage of the car does not appear either. So if a complete refurb makes no difference and the car's mileage makes no difference, what does?

This box is on one of the big two comparison sites but the figure entered appears to make no difference to the results - I tried it twice (£1,500 & £3,500) and got the same quotes. So the box is pointless.

The condition is verified via the 7 photos and a copy of the MOT. I have the valuation agreed in writing in the event of a Cat C write off. Lets face it, £3000 isn't much. I could argue for a higher amount and maybe I will. I know to get a much higher valuation say 30K, the car would need to be assessed and a report done. I imagine the premiums for 30K would be high.

Have you thought about upgrading the immobiliser, installing a tracker and dash cameras? I gather the insurance companies give a discount for doing so.

When you have made your decision, please let us know the outcome. Another thing you can do, if I may suggest, is to check the customer reviews per insurance company on trustpilot reviews.

https://uk.trustpilot.com/review/pet...nsurance.co.uk

https://uk.trustpilot.com/review/aplan.co.uk
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Old 17th September 2019, 15:52   #19
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Quote:
Originally Posted by Blink View Post
So we've got these 'valuations' and premiums:

Vossy - value £1,100 (premium £218)
Darcydog - value??? (premium £230)
Gate Keeper value £3,000 (premium £325)
My quote - value £395 (premium £136 if I bought the insurance)

Those are wildly different valuations. What would each company pay out in the event of a prang that cost (say) £500 in parts?

Condition of the car does not appear on any website I've tried. Mileage of the car does not appear either. So if a complete refurb makes no difference and the car's mileage makes no difference, what does?

This box is on one of the big two comparison sites but the figure entered appears to make no difference to the results - I tried it twice (£1,500 & £3,500) and got the same quotes. So the box is pointless.

With 'regular'car insurance, the declared value is irrelevant (probably unless you value lower than an actual replacement value). In the event of a write off, they will pay out market value. Market value for our cars at the minute will be a similar condition car up for sale. Dealer prices and trade prices wont enter into it.

If you want an agreed value, you will have to pay a little more for it.

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Old 17th September 2019, 16:29   #20
Mike Trident
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Whatever you say it's worth won't matter with a normal policy.
Agreed value insurance is too restrictive for my liking. I want to drive my car not look at it.

You just have to hope you never have to claim.
This is the main reason cars get written off, it's a big risk. Even fitting 4 new tires could be more than its worth in a write off situation.
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