mods v insurance

Post by **jtd.75** » Thu Nov 23, 2006 1:07 pm

can anyone out there in non standard moggy land tell me,when they put all the new fangled gizzmos and supped up enginges and brakes do they pay the same insurance as a modern day car and no road tax. My little jem is a treat to run, fully comp £77, tax exempt cheap to run and fairly easy to maintain. Perfect for someone on a pension.

Post by **Kevin** » Thu Nov 23, 2006 4:29 pm

If the mods are reasonable say a 1275 engine along with improved braking (discs) some companies will put the premium up by around 10% if you are going the whole hog and really heavily modified it will cost a bit more, but a lot of it comes down to a balanced package, just putting in a larger engine without brake-suspension improvements can cause insurance problems for obvious reasons.

Post by **jtd.75** » Thu Nov 23, 2006 4:59 pm

Thanks Kevin, I was just wondering, I have no intention of doing anything to my old girl it was just that some of you youngsters out there seem to want them go like the proverbial off a shovel

0 t0 60 in a mili second where as I can do that in a week

Post by **plastic_orange** » Thu Nov 23, 2006 5:14 pm

I pay £150 fully comp, agreed value for my V8 minor - It's cheaper than my everyday car.

Pete

Post by **Onne** » Thu Nov 23, 2006 6:26 pm

I was absolutely amazed by (I won't mention names) my insurance company.
I have got a series II with 1098 running gear and brakes.

They said they will increase my premium by 100% next year because my car is modified. Series II are dearer to insure in the first place, and I don't really fancy paying £480 a year 3rd party fire and theft.

End of rant, have a nice day

Onne

Post by **picky** » Thu Nov 23, 2006 6:41 pm

Onne do you have front seatbelts? I think that would bring down the premium a fair bit. just an idea.

Post by **Furrtiv** » Thu Nov 23, 2006 7:37 pm

Hm, because I have had two accidents in the past, my insurance is still pretty high at around £300 per year, but at least it's fully comp.

Post by **rayofleamington** » Thu Nov 23, 2006 8:00 pm

My series 2 traveller had a 1098 engine. I informed them of all the upgrades (Minor 1000 brakes, engine, gearbox, axle). It didn't cost me any more than any other Minor. (£70ish or £90ish including a second car on same policy)

My 'well known' broker is one of the cheapest but I'd no longer recommend them as they did precious little to help when the underwriter wanted to cancel the policy.

I would still recommend to shop around if you only have an average car as some policies are far more expensive than others and over 10 years the difference could be worth more than your car. If you have a really special car it would be an idea to limit your choices to a broker with a good reputation (e.g. the club scheme)

Post by **minor_hickup** » Thu Nov 23, 2006 8:06 pm

Onne, I cannot believe that! AON insure me for £325 and i was a £100 off writing the car off last year!

Post by **jonathon** » Thu Nov 23, 2006 8:20 pm

Yep, but they have probably seen the way he drives it !!!

Post by **Axolotl** » Thu Nov 23, 2006 8:22 pm

I got the impression that "safety" related mods, like better brakes, lights, seatbelts, have no effect on the premium (although they ought to reduce it) because you are less likely to make a claim.

Whereas "performance" related mods, like bigger engine, bigger tyres/wheels, modified (lowered) suspension and engine mods like tuned camshafts etc. increase it (big time) because you are more likely to get into trouble with them.

Adding neutral things like radio / stereo systems, comfy seats and fancy paint jobs increase the premium because the loss is potentially that much bigger.

It was ever thus.

Post by dp » Fri Nov 24, 2006 10:11 am

I had a conversation with one of the insurers a few years ago and once they were satisfied that the brakes and suspension were adequate to cope with the power increase, related the premium to the bhp. I was asking about bigger cams, carburettors, and nitrous oxide - all theoretical, but they didn't seem too fazed, just wanted to know the max bhp

oh, about £200 on a classic policy for a Fiat 2 litre engine and about 130bhp in London. Also cheaper than my normal car insurance

Post by **jtd.75** » Fri Nov 24, 2006 10:17 am

so far very interesting! anymore.

Post by **picky** » Fri Nov 24, 2006 11:43 am

slightly modified engine and ive only had my license since february, my brother is on it aswell and he hasnt taken his test, also my dad who has many years no claims bonus. £230 with Aon.

Post by **IslipMinor** » Fri Nov 24, 2006 4:36 pm

Well modified 1380, discs, uprated suspension etc. etc. Complete spec given to Norton Insurance and £130 per year for 3,000 miles, fully comp, 4 drivers, full European recovery, track day cover (see below!) etc. Very friendly, helpful and easy to contact - haven't had to test them on a claim yet, and hopefully not!

Post by **lynda** » Wed Dec 13, 2006 7:24 pm

My 1960 Moggy has a 1098 engine and running gear, and my insurers weren't at all bothered. I'm really surprised that some places class that as more expensive! I was with one company for £100 per year, but I've just switched to RH for £54, which I thought was very reasonable.

My other Moggy is still with the original company, I'm hoping they won't charge me too much extra when the 1275 engine goes in it. When I enquired about insuring a 2 litre Fiat modified Mog with them a few years ago it was only £200, and I was under 25 at the time.

Post by **Onne** » Wed Dec 13, 2006 8:16 pm

Just to add to my story, the reason for the increase is the 295cc more.

Post by **minormark** » Wed Mar 07, 2007 7:18 pm

124 pounds with a 1800 twincam convertable disks brakes all round

Post by **gairlochrosie** » Wed Mar 07, 2007 8:31 pm

I pay £54.40 fully comp no mileage limits, breakdown cover included and one other named driver...for my bog standard moggy.