Suprachargedtt Posted January 27, 2004 Share Posted January 27, 2004 hi i have my insurance with tesco and im paying £1200 a year with 4 years no claims. its due for renewal soon so i asked then if i was to get mods done how much would it cost etc. i got quoted.... £7000 per year as i have most these mods done already i was wondering where every other modded supra got there insurance from as i beleived tesco to be the cheapest at the time? on the bright side, at least i can get insured! Quote Link to comment Share on other sites More sharing options...
oxygene Posted January 27, 2004 Share Posted January 27, 2004 Originally posted by Suprachargedtt hi i have my insurance with tesco and im paying £1200 a year with 4 years no claims. its due for renewal soon so i asked then if i was to get mods done how much would it cost etc. i got quoted.... £7000 per year as i have most these mods done already i was wondering where every other modded supra got there insurance from as i beleived tesco to be the cheapest at the time? on the bright side, at least i can get insured! Norwich Union gave me a quote of £6000 and that was standard no mods declared. Quote Link to comment Share on other sites More sharing options...
Nick Posted January 27, 2004 Share Posted January 27, 2004 I've declared all my mods and already have a fairly hefty premium. When I asked how much more it would be with a single turbo it was only around 300quid more. They were mainly concerned with receiving an engineers report, how much the parts cost and what the new power figure would be. They didn't specify what power figure they want (wheels, hubs, crank) and the only way to get a true power figure is to put it on a engine dyno so you're guessing yourself anyway. I always like to be conservative when it comes to power figures. I phoned Tescos for a quote last year and they offered a very cheap quote but the Doris on the end of the phone didn't have a clue what I was talking about when it came to modifications. If they can't select it from their drop down menu they're not interested, they don't know about cars. I could have bent the truth but I knew if I did, and I crashed, it'd end up costing me. Quote Link to comment Share on other sites More sharing options...
Gordon F Posted January 27, 2004 Share Posted January 27, 2004 You should tell the Insurance Company of any changes (mods / points etc) when they happen, not at the end of the year. When you insure your car, they ask you a few questions, you answer them, they give you a price, and you either accept it or go somewhere else. If you accept and pay you have a contract with them, and they with you. If you choose to lie to them, or be economical with the truth, and are found out, then the Insurance company are well within their rights to invalidate your policy. If this happens, you may also find difficulty in getting insurance in the future. Your choice............ Quote Link to comment Share on other sites More sharing options...
BigRoy Posted January 27, 2004 Share Posted January 27, 2004 Originally posted by Gordon F You should tell the Insurance Company of any changes (mods / points etc) when they happen, not at the end of the year. When you insure your car, they ask you a few questions, you answer them, they give you a price, and you either accept it or go somewhere else. If you accept and pay you have a contract with them, and they with you. If you choose to lie to them, or be economical with the truth, and are found out, then the Insurance company are well within their rights to invalidate your policy. If this happens, you may also find difficulty in getting insurance in the future. Your choice............ Yep! Its just not worth it. Its not only your car its the other cars/people you hit. Quote Link to comment Share on other sites More sharing options...
eyefi Posted January 27, 2004 Share Posted January 27, 2004 declared all mine, didnt make that much difference. single turbo quote for me did though, they didnt seem to like the idea of a 600 hp car on the road, that they where financially responsible for. they did ask why would u want that much power on the road, i replied, hobby. they still were not impressed. always speak directly with the modifications guy, if they dont have one dont insure with them. Quote Link to comment Share on other sites More sharing options...
Patrick_Devlin Posted January 27, 2004 Share Posted January 27, 2004 Dont give them any reason to pull the plug on your insurance. Declare what you've got, if you dont, you might as well not bother at all!!!! Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 27, 2004 Share Posted January 27, 2004 If you don't declare them you're pretty much driving without insurance- in effect you're paying x amount a year just to have a bit of paper that allows you to buy tax... Having said that, you never know at the start of a policy how they're gonna react to changes even if you ask in advance. Quote Link to comment Share on other sites More sharing options...
Suprachargedtt Posted January 27, 2004 Author Share Posted January 27, 2004 I want to declare everything but at that quote i was gobsmacked ! and yes when i was explaining the mods the geek on the phone didnt have a clue wot i was on about! so who are you guys or gals with? Quote Link to comment Share on other sites More sharing options...
Suprash Posted January 27, 2004 Share Posted January 27, 2004 After reading this I thought I had better sought my insurance out, so I phoned them up and declared under performance: Exhaust. Cosmetic: Wheels (£2K) side skirts Front Bomex bumper (£500) clutch/flywheel (£1100) FMIC (£900) Boost & EGT gauges (£400) Brake lines Exhaust was the only thing they saw as a power gain. FMIC is a replacement like for like, as with fuel pump, brake lines, clutch & flywheel. I currently paid £1100'odd, and after declearing all that lot, I have to pay an extra £63 for the year up until Aug/Sep, not bad. It was them who decided what was a like fo rlike part or power gains. I just called him up and said, this lot is on my car, and he sorted what was what through their underwritting department. EDITED TO SAY: Im with Tesco, my policy doesnt allow me to drive someone elses car, unless its an emergency, then Im covered. They said none of their policies allow drivers to drive other people cars with their permission. So someone please tell me you can do this and are with Tesco, Im sure someone here said that !!!! Quote Link to comment Share on other sites More sharing options...
Suprachargedtt Posted January 27, 2004 Author Share Posted January 27, 2004 hmmm this is where i get confused because i can argue my turbos are like for like replacement but realistically there an upgrade! so who do you insure with? Quote Link to comment Share on other sites More sharing options...
Suprash Posted January 27, 2004 Share Posted January 27, 2004 Tesco, yeah, Im being a bit sneaky, basically all that lot is covered money wise, so if its nicked or torched, then what they are saying is they wont give me say £1100 for a new clutch and flywheel, I would find one at the same standard, and they will cover the cost, so it could be 1000, or 500. Same with tge pump/gauges. My argument is FMIC was already there, I just replaced it, and relocated it to the front. Clutch and flywheel, needed replacing so I got an aftermarket version as opposed to stock Toyota one, people do this with brake pads. Same with steel brake lines. Also gauges, thats just displaying additional information for the driver. This lot basically went down in the notes/additional information section, so it would all ve replaced or covered. In cosmetic, I had wheels, bumper, skirts. Exhaust is seen to increase power, so that was a power mod, I listed it as a 10% gain. If I was replacing turbos, then I would argue its not a addition, but its would have a power increase of say 40%. If it was an NA and you bolted on a tubby, then different story..... Quote Link to comment Share on other sites More sharing options...
Patrick_Devlin Posted January 27, 2004 Share Posted January 27, 2004 You're being very sneaky Ash... you'd be lucky to get away with the FMIC... Thats why I went for CW's SMIC!!! Quote Link to comment Share on other sites More sharing options...
osso Posted January 27, 2004 Share Posted January 27, 2004 I wouldnt bother mentioning hybrid turbo's the inspectors are not going to spend 7 hours stripping the turbo down just to inspect the blades to see if they've been upgraded. After all, from the outside hybrids look like stock turbo's. Quote Link to comment Share on other sites More sharing options...
Suprash Posted January 27, 2004 Share Posted January 27, 2004 I just told him what I had, he decleared weather its a power increasing mod, and according to his little reference book, and several phone calls to the under writer, it wasnt, its not me being sneaky....... Quote Link to comment Share on other sites More sharing options...
Suprash Posted January 27, 2004 Share Posted January 27, 2004 Originally posted by osso I wouldnt bother mentioning hybrid turbo's the inspectors are not going to spend 7 hours stripping the turbo down just to inspect the blades to see if they've been upgraded. After all, from the outside hybrids look like stock turbo's. Exactly, even if they werent hybrids, unless your a turbo expert, most people cant tell the difference, especially when bolted on under the heat sheild. Quote Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 27, 2004 Share Posted January 27, 2004 If your going to declare mods then it helps if your with an insurance company that know what your talking about and not sorry its not our list or wheels = 20% increase in price, exhaust = 35% increase etc, etc. I would try Adrian Flux and similar specialists. If you have been quoted £7000 a year its there way of saying they don't want to insure you unless your mad enough to pay that sort of money. Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 27, 2004 Share Posted January 27, 2004 Osso- I took that bit out of my post in case of stitching myself up, but I agree. They 'look' stock.... Even so, it's still a worry. I'm with Tesco, they're cool with the mods declred so far but I think it's gonna hit me when I do the next lot of mods. I'm pretty sure I need to declare my lack of rear seats- anyone know how this affects the policy? Quote Link to comment Share on other sites More sharing options...
BigRoy Posted January 27, 2004 Share Posted January 27, 2004 Originally posted by Supragal I'm pretty sure I need to declare my lack of rear seats- anyone know how this affects the policy? Yeah, this turns it into a motorcycle and you get charged even more! But tax is cheaper! Quote Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted January 27, 2004 Share Posted January 27, 2004 hmm never heard of telling of rear seat removal! Im prob gonna go with one of a few companies that dont make u pay extra for styling mods, as long as it does not increase performance you will be fine and not get anything added on, for instance my bro is with a company like that. But add engine wise and you get caught heavy. but im a NA so prob be a exhaust and induction kit thats it and i cant believe that will add too much! Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 27, 2004 Share Posted January 27, 2004 Ha ha Roy They ask if it has 4 seats etc, well they've always asked me...it's like they know lol Quote Link to comment Share on other sites More sharing options...
Matt B Posted January 27, 2004 Share Posted January 27, 2004 It looks like no-one know how many seats the Soop has,,, according to my reg document it's a 3 seater... The insurance did not have a clue. Quote Link to comment Share on other sites More sharing options...
Suprachargedtt Posted January 27, 2004 Author Share Posted January 27, 2004 cool did i say i had hybrids? lol i will try and get a quote from adrian flux and see wot he has to say, the reason i went to tesco was because they were the only company i found that would insure me with a jap import as im under 25! im in no rush at renewing at the moment as im ok till april 1st, it just gives me time to get some good quotes. cheers for the feedback Quote Link to comment Share on other sites More sharing options...
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