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      02-05-2015, 11:10 AM   #1
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F25 Insurance UK?

Finally joined the club and put a deposit down on an Alpine White '63 plate 30d M-sport with a few options (Pro nav, pano roof, HUD, 19's) and wondering who people in the UK use insurance wise that offer proper cover on options as my current car is with Admiral and they cover something like £500!

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      02-05-2015, 05:48 PM   #2
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Go to the site below and put in your VIN and list the options your car came with and save the file and print out if you can.

http://www.bmwarchive.org/vin/bmw-vin-decoder.html

Now try Liverpool & Victoria and see what the cost is.

http://www.lv.com/contact-us/insurance/car

I pay £283 with fully protected 77.5% discount.
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      02-06-2015, 01:50 AM   #3
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Thanks will take a look.
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      02-06-2015, 02:42 AM   #4
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Did a quick quote online whilst at work. No option to specify options. Do you have yours listed on your policy as mine are approx £10k over the base price?
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      02-06-2015, 03:09 AM   #5
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Different insurers are cheaper in different areas have you tried a price comparison site as a guideline
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      02-06-2015, 03:42 AM   #6
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Have you tried calling them as a lot of insurance companies don't class factory fitted options as after fit options and therefore it's not necessary to list them.
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      02-06-2015, 04:10 AM   #7
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I've had problems with Admiral in the past. They wanted to charge me £20 per year because I had a sunroof, all my other options had a cost too, a high cost. It's their way to bulk up the cost of your insurance. Of course options can impact repair costs but not by much. I use Aviva, all they wanted was the value of the vehicle, not a list of manufacturer fitted options.
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      02-06-2015, 05:11 AM   #8
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My concern is not listing the options but ensuring that for a write off, stolen vehicle etc that I get a like for like replacement (or the value of) not just the base spec car. I am going to seriously look at GAP insurance for this purpose. Will also try a quote from BMW Ins as they must understand that very few have no options.
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      02-06-2015, 05:16 AM   #9
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Quote:
Originally Posted by clivem2 View Post
I've had problems with Admiral in the past. They wanted to charge me £20 per year because I had a sunroof, all my other options had a cost too, a high cost. It's their way to bulk up the cost of your insurance. Of course options can impact repair costs but not by much. I use Aviva, all they wanted was the value of the vehicle, not a list of manufacturer fitted options.
Admiral want all that to charge you more. Doenst cover the cost of the extras unless you choose the options add on but even then its £500 or 10% of the Vehicle value so £500 which is pointless.

The estimated value you put down has no bearing on what they will pay out under a claim. They will look at market value but do you trust them to properly value a similar optioned car - how can they if they have no idea what options your car had.
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      02-06-2015, 05:34 AM   #10
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Quote:
Originally Posted by P1Fanatic View Post
Admiral want all that to charge you more. Doenst cover the cost of the extras unless you choose the options add on but even then its £500 or 10% of the Vehicle value so £500 which is pointless.

The estimated value you put down has no bearing on what they will pay out under a claim. They will look at market value but do you trust them to properly value a similar optioned car - how can they if they have no idea what options your car had.
I asked Aviva about the options and was ready to tell them, they weren't interested in knowing, they just wanted the value of the car. The value of my new car is higher than the value of a new base 35D so they have that information.
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      02-06-2015, 06:04 AM   #11
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Here is what I did and always do with new cars..

When I purchased my new in 2012 F31 320d Sport with many options (£35K), I took out GAP insurance at the time for 4 more years to run concurrently after the first year of my new Liverpool & Victoria policy. This was because my insurance company would pay the full invoice price in the first year. Then the GAP insurance (see link below) covered the the return to invoice (or higher value of a new car with all options) for the following 4 years. This gives 5 years total coverage.

https://gapinsurance123.co.uk/

I sold the F31 320d after 2 years and bought my 11 month old (63 plate) X3 xDrive30d M Sport(fully loaded ex BMW Management car) for £36K. I rang GAP Insurance and they transferred the policy across to to this X3. So the X3 is now covered up to the cost of the original invoice for the 320d of £35K for a further 3 years.

This the best way to cover all your options at a sensible price. The enhanced policy needs to be specified. I paid £234 for the 4 years.

Do NOT try to cut the corners on this policy by reducing the costs. You need the best one that is transferable to the next car.
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      02-06-2015, 06:12 AM   #12
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Quote:
Originally Posted by P1Fanatic View Post
Did a quick quote online whilst at work. No option to specify options. Do you have yours listed on your policy as mine are approx £10k over the base price?
No. I keep the list with my car documents should I need to discuss any claim.
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      02-06-2015, 06:35 AM   #13
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1. DONT use any company that asks if you have done a speed awareness course.

2. Try BMW's own, we do and is compares well with others.

3. We also took GAP as it was £300 for 3 years cover!

4. Never been asked what extras are fitted, only a value.
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      02-06-2015, 08:18 AM   #14
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Options only have limited 2nd hand value so that's where the debate will be even if they are specified in detail.
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      02-06-2015, 11:27 AM   #15
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Quote:
Originally Posted by Peter_R View Post
Here is what I did and always do with new cars..

When I purchased my new in 2012 F31 320d Sport with many options (£35K), I took out GAP insurance at the time for 4 more years to run concurrently after the first year of my new Liverpool & Victoria policy. This was because my insurance company would pay the full invoice price in the first year. Then the GAP insurance (see link below) covered the the return to invoice (or higher value of a new car with all options) for the following 4 years. This gives 5 years total coverage.

https://gapinsurance123.co.uk/

I sold the F31 320d after 2 years and bought my 11 month old (63 plate) X3 xDrive30d M Sport(fully loaded ex BMW Management car) for £36K. I rang GAP Insurance and they transferred the policy across to to this X3. So the X3 is now covered up to the cost of the original invoice for the 320d of £35K for a further 3 years.

This the best way to cover all your options at a sensible price. The enhanced policy needs to be specified. I paid £234 for the 4 years.

Do NOT try to cut the corners on this policy by reducing the costs. You need the best one that is transferable to the next car.
This is what I am getting at. Its gotta be worth a few hundred quid not to have the worry about your ins cpy trying to rip you off or will only fork out for the standard build no options.

Will check out the GAP insurance link thanks.
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      02-06-2015, 11:29 AM   #16
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Quote:
Originally Posted by plymjack View Post
1. DONT use any company that asks if you have done a speed awareness course.

2. Try BMW's own, we do and is compares well with others.

3. We also took GAP as it was £300 for 3 years cover!

4. Never been asked what extras are fitted, only a value.
I am pretty sure I read that when an insurance company ask you the value of your car it has no bearing on the policy price or what they will pay out. Its actually them getting a baseline of what customers believe their cars of worth which goes toward their market rates for each model.
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      02-06-2015, 11:34 AM   #17
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Quote:
Originally Posted by P1Fanatic View Post
I am pretty sure I read that when an insurance company ask you the value of your car it has no bearing on the policy price or what they will pay out. Its actually them getting a baseline of what customers believe their cars of worth which goes toward their market rates for each model.
Nope. Not so! They use the Glass's Guide.

Car Guide
Trade and Retail valuations price guide for cars....

http://www.glassbusiness.co.uk/produ...r-price-guide/
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      02-06-2015, 11:36 AM   #18
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Quote:
Originally Posted by Peter_R View Post
Nope. Not so! They use the Glass's Guide.

Car Guide
Trade and Retail valuations price guide for cars....

http://www.glassbusiness.co.uk/produ...r-price-guide/
Same end goal - market value. In short the valuation people give their vehicle when requesting a quote means nothing at all.
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      02-06-2015, 11:47 AM   #19
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Quote:
Originally Posted by P1Fanatic View Post
Same end goal - market value. In short the valuation people give their vehicle when requesting a quote means nothing at all.
Correct. That is why I used the maximum available on the GAP insurance which means I will get £35k back, no matter what trade or retail value is.

So the best way to cover yourself if you buy a new or used AUC car is to get GAP insurance to cover the return to invoice cost.

That way is a no brainer and means I am covered for a total of 5 years for full price. After 5 years sell and get another one and get the best policy from Gapinsurance123. The best £234 ever spent over 4 or 5 years.
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      02-06-2015, 11:53 AM   #20
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Quote:
Originally Posted by Peter_R View Post
Correct. That is why I used the maximum available on the GAP insurance which means I will get £35k back, no matter what trade or retail value is.

So the best way to cover yourself if you buy a new or used AUC car is to get GAP insurance to cover the return to invoice cost.

That way is a no brainer and means I am covered for a total of 5 years for full price. After 5 years sell and get another one and get the best policy from Gapinsurance123. The best £234 ever spent over 4 or 5 years.
Yeah I am looking through that 123 site. Seems a no brainer to go for the max cover as very little difference. Trying to get my head around the difference between the Return to Invoice and Replacement versions. I assume the latter takes into account if your model is superseded and the newer version costs more??
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      02-06-2015, 12:20 PM   #21
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Quote:
Originally Posted by P1Fanatic View Post
Yeah I am looking through that 123 site. Seems a no brainer to go for the max cover as very little difference. Trying to get my head around the difference between the Return to Invoice and Replacement versions. I assume the latter takes into account if your model is superseded and the newer version costs more??
I think that is the case. You should not lose out though.

Looks like we have very similar specs. Heated front and rear seats and steering wheel. Adaptive Xenons with High Beam Assist (HMA) etc, etc.
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      02-07-2015, 01:32 AM   #22
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Quote:
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I think that is the case. You should not lose out though.

Looks like we have very similar specs. Heated front and rear seats and steering wheel. Adaptive Xenons with High Beam Assist (HMA) etc, etc.
Yes although I only have heated front seats and no heated wheel. Would have liked the latter and powered bootlid but very hard to find a used X3 with exact spec especially 3.0l white m-sports. This one is very low miles and immaculate and was priced well so went for it. I thought X3 were low depreciators but this was £14k less than it was bought for 14 months ago. I guess most of that is options which you always lose money on.
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