A number of you guys recommend Houghtons so I thought I'd give them a go with my old 91 200SX...

 

I'm currently paying abuot £340 with Elephant.... Houghtons wanted abuot £470 :nono: :cry:

 

God knows what the premium would be if I had a 300ZX worth say 3 times as much!

Long post, but kind of related. My previous motor was a Cerbera and it was insured on a TVR owners policy. When I sold it, I didn't know what I wanted so I bought my mate's 300 off him. Quarter of the value less power and believe it or not A LOT less expensive to fix (hence the fact I sold the cerb). Despite this, my insurance premium went up BY about 300 quid a year. Since the 300 was only a temp measure I stuck with it until I decided to keep it (approx 12 months now!!) when I moved to Houghtons and it dropped to about a third of the price I had been paying on the TVR policy.

 

When I asked, they said that its a TVR specific policy, we investigate specifically the risks associated with drivers of this car. This includes repair costs, number of TVR related accidents, number of thefts (relatively low since the cars are not easy to sell on stolen), the sector of the driving public that tends to drive them (older, allegedly maturer drivers who are likely to have experience of driving such cars etc.).

 

There is also the aspect of economies of scale. You put your prices particularly low, attract a lot of drivers and make less profit per unit insured, but more profit overall.

 

None of these aspects individually can explain the excellent premiums we are enjoying, but in total it makes sense.

 

Remember also that zeds are dropping in value significantly. This can mean 2 things - (a) finding a replacement for a competitive price is more likely and (b) more likely to write it off if accident damaged as the value of repair likely to exceed value of car. Remember just cause you told you insurance company that you value the car at £7000 does not mean thats how much you'll get if you claim total loss!!!

 

Interesting!

what is it with all these dumb threads that go on for ages nowdays??????? :confused:

 

Can't comment on the threads, but there sure seems to be a lot of dumb replies at hand!

Can't comment on the threads, but there sure seems to be a lot of dumb replies at hand!

 

Yeah, some people should have a warning put in their PROFILE so everyone knows what to expect! :rofl:

:x: :rofl: :x: