I think one of the issue issues here is trust, or the lack of it for that matter.
If we thought we were getting a good dea,l and that risk was in the fact the key driver for premiums, then things would be different.
The problem is that most of us dont think we are getting a good deal and `mods` can be seen as an excuse to pull the clients (us) pants down.
My premium went from £295 to £585 just for a remap. Ridiculous. IMO the premiums for modified vehicles are often disproportionate compared to a standard car.
Back to the trust issue and how premiums are calculated, if you are with one of the larger comparison site Insurers and have just recieved your renewal, run a quote on the comparison site as a new search and guess what? Its cheaper!
Where is the justification in that?
There is none.
The insurance company relies on you not having the time or interest to shop around and will try it on with an inflated premium. Risk is only part of that premium calculation, the rest is what they think they can get away with.
Simply not behaviour that breeds trust.
last years price was £760 something for my car, they sent me a renewal for £2000 yes £2000
i rang and said excuse me is this right, they said yes, i replied, if i go to a comparision site i can get a "new" policy from you for pretty much the same price, so were does the extra £1300 come from
new customer discount she said, insurance prices have rose in the last year i said what nearly 200%
and she didnt have an answer. then she had the cheek to ask if i wanted to renew lol
went to another company pretty much same cost
You are the same person with the same associated risk yet there is clearly no consistency in how your premium is calculated.
So it stands to reason that they will/can/may also charge you `what they can get away with` as far as mods are concerned.
Again, total disparity between perceived risk and premium.
Boils my p!ss.
Insurance industry/renewal price grumbling aside, the simple fact is, if you want peace of mind that you have valid insurance cover then declare all of the changes made to the vehicle from when it left the manufacturers factory.
The last thing you want to be worried about after an RTA is if you declared some minor cosmetic changes to the vehicle.
Perhaps you have a point about the service station analogy but most of my surprise was actually about how cheap the quote was without the mods rather then the increase with. I have been with Chris Knott for 3 years and when I phone around no one is able to get close to their price, however it's still much more than £260.
i'm gonna ring round the specialists to get some prices... I know it sounds daft why I didnt just buy a BE in the 1st place but there were none avalable at the time of buying and I thought making the cosmetic changes to a standard is as much make no difference!
insurance industry inconsistencies lead to buyer negligence! FACT
For me having a facelift a3 2.0tfsi came at only £833 for the year with 0 years ncb at 21, meanwhile having the 8P2 2.0t fsi came to almost double that!
I'm sure it goes 8P 2003 -2005, 8PA 2005 - 2008, 8p2 2008 - 2010 cant remember when the 8p3 facelift came out, sure it was '10 though... and 8V 2012???
Edited from last post... turns out 8PA's were only for sportback models?? someone shoot me down lol :gun2:
I think we as audi-sport members came up with the 8p1 8p2 and 8p3 naming, see thread.
And according to that i believe mine is 8p3 but i could be wrong
question, those of you that have said you provide them with a big list, do you reel off over the phone what you have with a nitwit noting it all down?
As i had a call from adrian flux once, and started to say its been modified, and this girl said what modifications has it got, i was apprehensive as i didnt want this girl to get lost in what i was saying, but continued anyway, eventually it got so far that she asked for power levels and % increase, to which the reply was i'l have to get back to you once i speak to my superior.
I want to do the right thing and tell them everything, but 1) it takes forvever. 2) they dont know what the hell you're on about, or the relevence of such things. 3) this means their quote, or feedback is completely irrational, or at least it seems that way.
essentially what i want to do is phone a company, speak to a guy who has his head screwed on and tell him, its got suspension changes, its poly bushed, anti roll bars, a forged engine rebuild, a big turbo conversion with relevant modifications, exhaust, intake, and map up to XXXhp. And for that person/company to understand the relevence of such changes.
e.g. Big turbo conversion, map, engine mods and XXXhp means potentially bigger premium.
But suspension, chassis mods, brakes etc, mean potentially safer car despite the power, so premium is adjusted accordingly.
be nice to have skyinsurance's opinion on the above
just insure it urself wi a lawyer ? :P
1. They were friendly, knowledgeable and seemed to have a genuine interest in what you're talking about.
2. They were very reasonable re: premium increases and admin fees.
I'd still be with them now, except I fall foul of their RWD rules (and value rule too I've learned from this thread).
Here's something to think about . I have been involved in the Ford scene for a while mainly with mk5/6 escort rs2000s. One favourite mod is to replace the 2.0 engine with the 2.3 engine from the galaxy . They are identical in almost every way apart from a nice increase in torque. Once you tell your insurance company you have done this they give you s nice refund on your policy.
Their reason for this,the engine is from a lower insurance group car. Even though you have put in a more powerful engine.
It my book the way the work out the risk is all wrong.
Tel: 01707 642552
I can vouch for SkyInsurance.
Used them last time around and found them helpful and competitive.
+1 for vouching for Sky Insurance, very helpful and competitive on my prices.
I thought this was very unusual when fully comp wasn't a problem with elsewhere for the same quoted price. :/
But as people have said ringing more specialised insurance when dealing with mod's is a MUST. Most of the compare the market would just say NO to a remap quote or not even understand what a 'remap' was...
An RTA is something that occurs by accident and which a driver has no control over i.e. a tree falling on their car, the term is far too loosely used, it should be RTC or Road Traffic Collision.
I have no opinion on declaring or not declaring mods as i think the road would be a safe place without insurance as less people would drive without due care and attention, or on their phones or whatever, an insurance document is like a get out of jail free card for carelessness! And for butt r@ping the consumer for all they have, and then some more.
Before insurance came about I'm pretty sure everyone managed ok.
They're a safety net which far too many people rely on.
If I were careless enough to cause one and it was my fault then yes I would as it would be my mistake. If I didn't have insurance I sure as sh1t would be paying attention
It's only Comprehensive insurance, which most people have, that covers any damage you do to your own car. Providing your car is not subject to any finance agreement you can choose whether to have comprehensive or not. If it is subject to any financial agreement they often insist on comprehensive insurance so that, if you damage or write-off the car, you cannot just walk away leaving money owed to the finance company.
Surely most people don't drive on the basis that if they have an accident it's not a problem because the insurance will pay. What about the excess that has to be paid anyway. Insurance has been around a lot longer than cars.
I do agree that people should be taught to drive and not just pass the driving test. The German driving test for example is much more comprehensive than the UK test and includes night and motorway driving.
The quote I got back was lower than I expected so I asked them to email me a copy of the details and cover back to me, along with the mods - a couple of things got lost in translation but it happens.
Bottom line is I 100% known I'm covered - failing to disclose mods means you are really rolling the dice.....
If you tell your insurer that you want a mod and they come back with a stupid price, shop around and change insurer if you can get a better deal. You might have to pay a small penalty for leaving early, but it will often work out better overall for the lower premium. If you think insurance renewals are anything like the cheapest price you can pay with that company then you're just naive. Always shop around, always get comparison/competitive quotes, and always talk to them on the phone and say you want a better deal or you're walking (to another company, not 'from now on').