John Broom Posted April 4, 2021 Share Posted April 4, 2021 I find it hard to believe that on renewal of my insurance, my 1995 Mk 4 Supra has only been given a value of £4000 Quote Link to comment Share on other sites More sharing options...
Tyson Posted April 4, 2021 Share Posted April 4, 2021 Hi John, welcome to the club. Main stream insurers will go off book value which doesn’t work for classic cars, I would suggest looking at specialist companies such as our club insurer Sky, Lancaster, footman James, hagerty to name a few. Who are you insured with? Is it a genuine UK spec car? Quote Link to comment Share on other sites More sharing options...
The Raven Posted April 4, 2021 Share Posted April 4, 2021 (edited) Various topics on this are in the insurance sub section. I think nearly all of us agree that getting one of the companies listed above to insure with agreed value is the way to go. Also we love pics of uk specs Edited April 4, 2021 by The Raven (see edit history) Quote Link to comment Share on other sites More sharing options...
mplavery Posted April 4, 2021 Share Posted April 4, 2021 I got mine last year for with safe insurance (sky) £32k valued at .. be looking 40k this year hopefully Quote Link to comment Share on other sites More sharing options...
John Broom Posted April 4, 2021 Author Share Posted April 4, 2021 Tyson thanks for your welcome comment - I m insured through broker located in Romford called Grove and Dean, they specialise in classic car insurance, my Policy is with Aviva, happy with this and the cost is £250 per annum, not worried about the cost but the 4K valuation, I may have to get photos done to get this figure raised. the car is in a good state but nothing fancy under the bonnet, the value far exceeds the amount identified and would only be a problem if it was totalled Quote Link to comment Share on other sites More sharing options...
rider Posted April 4, 2021 Share Posted April 4, 2021 I'd recommend you take time out to read through the insurance section on the forum as there are lots of threads about arranging agreed value insurance and also some suggesting where to pitch your price. Insurance is usually effortless with companies happy to take your money and the only differentiation tends to occur when you actually find you need to use it. So it comes down to what do you want, top cover with a top insurer or cheaper cover with an insurer that doesn't have the best customer service. Then you need to decide on value if you want to go down the agreed value route, the higher you go the more insurers you exclude as they all have ceiling values. Also, the higher the value you set the higher the premium you pay. All in all, the multitude of permutations of good insurer to not so good, high valuation to not so high can give you are very wide spread on quotes. Then you have insurers who insist on third party valuation reports but perversely won't tell you where to go for a third party valuation but they reserve the right to reject a third party valuation that they don't recognise. Try getting your head around that one, that is what Adrian Flux asked of me after I had arranged and paid for the insurance a month in advance. Others are happy to go with pictures and a write up from you telling them how well its been looked after. Insurance is a pain, so by reading up on the forum posts you can help yourself to avoid a lot of the pain. Quote Link to comment Share on other sites More sharing options...
shaz2010 Posted April 7, 2021 Share Posted April 7, 2021 (edited) On 4/4/2021 at 9:26 AM, John Broom said: I find it hard to believe that on renewal of my insurance, my 1995 Mk 4 Supra has only been given a value of £4000 My Uk spec M reg with all mods (bpu) notified is 35k sent them pictures. Just renewed last week. Lancaster insurance Edited April 7, 2021 by shaz2010 (see edit history) Quote Link to comment Share on other sites More sharing options...
shaz2010 Posted April 7, 2021 Share Posted April 7, 2021 On 4/4/2021 at 2:07 PM, John Broom said: Tyson thanks for your welcome comment - I m insured through broker located in Romford called Grove and Dean, they specialise in classic car insurance, my Policy is with Aviva, happy with this and the cost is £250 per annum, not worried about the cost but the 4K valuation, I may have to get photos done to get this figure raised. the car is in a good state but nothing fancy under the bonnet, the value far exceeds the amount identified and would only be a problem if it was totalled Looks nice, did you take all the Uk original parts off? Quote Link to comment Share on other sites More sharing options...
Tyson Posted April 8, 2021 Share Posted April 8, 2021 On 4/7/2021 at 7:09 PM, shaz2010 said: My Uk spec M reg with all mods (bpu) notified is 35k sent them pictures. Just renewed last week. Lancaster insurance Good to know, I’m with Lancaster and my insurance renewal should be through the door any day now! Although I’m looking into Reis as they seem to be more negotiable with agreed values. Quote Link to comment Share on other sites More sharing options...
Noz Posted April 8, 2021 Share Posted April 8, 2021 17 minutes ago, Tyson said: Good to know, I’m with Lancaster and my insurance renewal should be through the door any day now! Although I’m looking into Reis as they seem to be more negotiable with agreed values. Do it. Been sending people to Reis for ages with good reviews. Quote Link to comment Share on other sites More sharing options...
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