Z3 insurance

Ken Nugent

Ken Nugent

Dedicated Member
Joined
Aug 19, 2021
Points
34
Location
North Yorkshire
Model of Z
3 2.2
Hello peeps and a Merry Christmas to everyone. has anyone got any thoughts on Z3 insurance as most of them and mine are 20 years old but not classics. I have at the moment after contacting mine who are Chruchill not got a satisfactory answer as to how they value a Z in the case of a total loss, all they say is market value but when you try to check into market value the only UK one I can find is Parkers and looking at the prices they quote you can't buy a scuffy 1.9 for their values. The worrying thought is this is possibly what they will pay you if something happens, premium quote is £185.00 FC I checked with Footman James on classic insurance they want £500.00 plus. Does anyone have any ideas or should i not be concerned. Many thanks Ken N
 
Ken Nugent said:
Hello peeps and a Merry Christmas to everyone. has anyone got any thoughts on Z3 insurance as most of them and mine are 20 years old but not classics. I have at the moment after contacting mine who are Chruchill not got a satisfactory answer as to how they value a Z in the case of a total loss, all they say is market value but when you try to check into market value the only UK one I can find is Parkers and looking at the prices they quote you can't buy a scuffy 1.9 for their values. The worrying thought is this is possibly what they will pay you if something happens, premium quote is £185.00 FC I checked with Footman James on classic insurance they want £500.00 plus. Does anyone have any ideas or should i not be concerned. Many thanks Ken N
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@ClassicLineInsurance mate. I have a guaranteed valuation on my 2.8 of £8k, try them.
 
Several companies will give you agreed value if it is a second car. I have been with Classic Line but this year I shopped around and got it £110 cheaper with Lancaster for the same cover.
 
Ignore Parkers, Glass etc. Insurance companies just use them to justify a low-ball offer in the event of a total loss. With market value, the insurer is obligated to make you an offer to get you back in a similar vehicle of similar condition, in line with the market at the time. If you can evidence prices for equivalent cars to the insurance assessor, for example through eBay or Autotrader ads, they'll likely pay out around that rather than Parkers etc. If they low-balled you, they'd have to justify it by showing you a live advert or similar.

A few years ago, my mother's automatic 1999 1.3 Yaris was written off. Parker's valued it at c.£500 and that's what the assessor initially offered. However, auto Yaris' of this vintage are rare and the only other one for sale in the country at the time was £2,300. I successfully argued that this was the amount needed to get my mother back into an equivalent car, dug my heels in, and got her £2,200. The car itself just needed a few second hand panels, less than £100, and she's still pottering about in it:)

£185 for FC seems pretty decent tbh. If you value your car higher than what eBay, Autotrader, et al are showing for similar, then consider Agreed Value. I myself currently have a Market Value policy as mine is bog-standard. Classic insurance not an option as it's my only vehicle.
 
Thanks Andy I have tried to get onto classic line site but its comes up as unsafe site but I will try again later

Thanks again Ken
 
Ken Nugent said:
Thanks Andy I have tried to get onto classic line site but its comes up as unsafe site but I will try again later

Thanks again Ken
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Try this Ken

Agreed Valuation - Classicline Insurance

ClassicLine Insurance offer agreed valuation on most of our specialist policies. An in-house valuation service is also available to our clients.
www.classiclineinsurance.co.uk www.classiclineinsurance.co.uk
 
mwpe said:
Several companies will give you agreed value if it is a second car. I have been with Classic Line but this year I shopped around and got it £110 cheaper with Lancaster for the same cover.
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Just got a quote from Lancaster which was £457 with agreed valuation so will try a few more. Many thanks Ken
 
DrWong said:
Ignore Parkers, Glass etc. Insurance companies just use them to justify a low-ball offer in the event of a total loss. With market value, the insurer is obligated to make you an offer to get you back in a similar vehicle of similar condition, in line with the market at the time. If you can evidence prices for equivalent cars to the insurance assessor, for example through eBay or Autotrader ads, they'll likely pay out around that rather than Parkers etc. If they low-balled you, they'd have to justify it by showing you a live advert or similar.

A few years ago, my mother's automatic 1999 1.3 Yaris was written off. Parker's valued it at c.£500 and that's what the assessor initially offered. However, auto Yaris' of this vintage are rare and the only other one for sale in the country at the time was £2,300. I successfully argued that this was the amount needed to get my mother back into an equivalent car, dug my heels in, and got her £2,200. The car itself just needed a few second hand panels, less than £100, and she's still pottering about in it:)

£185 for FC seems pretty decent tbh. If you value your car higher than what eBay, Autotrader, et al are showing for similar, then consider Agreed Value. I myself currently have a Market Value policy as mine is bog-standard. Classic insurance not an option as it's my only vehicle.
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Hi thanks for your advice we have always thought this is how they derive the market value but never quite trusted it in reality so after being quote over £500 and £457 for agreed valuation I think I will take the chance and stick with £185.oo and argue later if and when necessary. Many thanks all the best Ken
 
Just to give you some extra reassurance, the company I argued with and who paid out to my mother was Churchill
 
Hi Ken, we have both our cars insured with Classicline & have found them to be very competitive & good to deal with. Having said that we have never needed to make a claim so have no experience of dealing with them in that situation nor do we have an agreed value policy at the moment.
 
Hagerty were the most competetive and easiest to deal with when I was searching last year, under £500 for 2x Z3, both with agreed values, legal cover, key cover, RAC breakdown, trailer cover, 90 day EU cover etc. Low usage though, I think they're on 1800 miles each.
 
Ian&Sue said:
Hi Ken, we have both our cars insured with Classicline & have found them to be very competitive & good to deal with. Having said that we have never needed to make a claim so have no experience of dealing with them in that situation nor do we have an agreed value policy at the moment.
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Hi Ian & Sue

Thanks for the insurance info havnt had any luck with Classicline I have tried a couple of time to go onto their site but comes up as unsafe not secure on my laptop I am now trying Haggerty who seem quite good but they include 90 days european cover and RAC breakdown which I dont want and would appear cannot be removed from the policy but with that they came in at £326 with an agreed valuation. I will keep trying as it is the agreed valuation I would like.

All the best foe 2022 Ken & Linda
 
Zont said:
Hagerty were the most competetive and easiest to deal with when I was searching last year, under £500 for 2x Z3, both with agreed values, legal cover, key cover, RAC breakdown, trailer cover, 90 day EU cover etc. Low usage though, I think they're on 1800 miles each.
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Thanks for the info i have been in touch with Haggerty got a quote if 326 which is good but as you say it includes RAC breakdown & 90 days eu which I dont want because i have the z and my other car both covered by the aa on relay which this rac cover from Haggerty doesnt give. I am waiting to get back to them when they re-open tomorrow. Thanks for your help

Ken All the best for 2022
 
Ken Nugent said:
Hi Ian & Sue

Thanks for the insurance info havnt had any luck with Classicline I have tried a couple of time to go onto their site but comes up as unsafe not secure on my laptop I am now trying Haggerty who seem quite good but they include 90 days european cover and RAC breakdown which I dont want and would appear cannot be removed from the policy but with that they came in at £326 with an agreed valuation. I will keep trying as it is the agreed valuation I would like.

All the best foe 2022 Ken & Linda
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We have always delt with Classicline on the phone never used their website. They also include breakdown cover but not RAC, I think you can remove it if you want. Don't forget to ask for forum discount. Good luck.

Best wishes for the New Year, Ian & Sue.
 
Ian&Sue said:
We have always delt with Classicline on the phone never used their website. They also include breakdown cover but not RAC, I think you can remove it if you want. Don't forget to ask for forum discount. Good luck.

Best wishes for the New Year, Ian & Sue.
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I also used to deal with Classicline by phone and found them very easy to deal with.
 
Its sometimes a bit of a lottery getting car insurance especially agreed value. Over the last 7 years since I been getting agreed value on my M Coupe I've used Brentacre, Manning and latterly for the last 3 years Adrian Flux. I regularly check for quotes at renewal time. Classicline were very close this last time (very easy to deal with), Hagerty's quote was out of sight more than double what I've ended up paying!! Driver age, car, area, level of agreed value, etc all come into play which is were it becomes a lottery.
It will be interesting next renewal time to see who gets my business.
 
Hi Pete

thanks for your message
got quotes from Haggerty and Classicline only a pound difference with agreed valuation. All very helpful gone with haggerty this time.

Many thanks Ken
 
Hi Ken
I use Adrian Flux and they have agreed value addition.
My 1999 2.0 comes in at less than £250 all in
2years NCB IN 2021
Hope this helps
Norm
 
Tried quite a few they all came out towards £500 but i just got agreed valuation from Haggerty for £326 of course this depends on age and location etc.

all the best for 2022

ken
 
Ken Nugent said:
Hi Pete

thanks for your message
got quotes from Haggerty and Classicline only a pound difference with agreed valuation. All very helpful gone with haggerty this time.

Many thanks Ken
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Hi Ken, sorry to hear that you were struggling with the website, but really glad to hear that you did manage to get a quote in the end. It's always best to give our team a call, our office number is 01455 639 000. Please do give us a try again next year as we would be more than happy to quote for you again. Many thanks, Hannah, ClassicLine.
 
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