10-16-2019, 02:20 AM | #1 |
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Car insurance - it really does take the p*ss
I'm trying to find car insurance for my F31 330d xDrive. It has one modification which is an engine remap. The cheapest I can find is £810. This is for a guy with 15 years driving experience with 15 years no claims and no offences. I paid half this amount for a RWD 335i when I was 27 6 years ago. Frustratingly BMW quote £580 but won't insure if it's remapped! One big rip off.
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10-16-2019, 02:28 AM | #2 | |
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Mine seems to be the same, the more NCB I build up (12 years) the more my premium rises No points or convictions either.
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10-16-2019, 02:47 AM | #3 |
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Have you tried LV? They're usually pretty good with mods.
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10-16-2019, 03:04 AM | #5 |
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Yikes! See what you mean.
I just did a generic quote for a 45yr old, living in Horsham, clean record, parked on driveway, fully comp, SDP, £500 xs, paid annually, 2yr old 330d X Drive with modded engine on that gocompare place and it came to £700 or 726 with legal cover andp.a., and that just happened to be LV. Obviously don't know your circumstances, could there be anything else loading your premium? Motor insurers are a devious bunch and load up premiums on all sorts of stuff - the top quote was £4,822 from O2
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10-16-2019, 04:26 AM | #7 | |
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The larger the claim though, the greater their incentive to find a way to reduce or remove their responsibility. If someone is injured in an accident, the costs could be orders of magnitude higher - potentially 6 or 7 figures. Faced with a potential bill like that, I imagine that they'll go over the car with a fine-toothed comb. So personally, I will always declare mods. |
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10-16-2019, 04:37 AM | #8 | |
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10-16-2019, 04:57 AM | #9 |
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It seems to be a complete lottery. I went with BMW this time around, who were £150 cheaper than my previous insurer's renewal offer, whilst offering lower excess and BMW dealerships guaranteed for repairs etc.
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10-16-2019, 05:04 AM | #10 | |
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I agree that they would be unlikely to find anything but they certainly wouldn't have to prove a contributory element if they did.
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Current: 2021 G21 330i M-Sport Previous: 2018 A6 Avant S-Line MMI+, 2014 F31 320d M-Sport, 2013 F10 520d M-Sport, 2011 F10 530d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2 |
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10-16-2019, 05:10 AM | #11 | |
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10-16-2019, 05:47 AM | #13 | |
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If it's a few thousand then that's just one of those things. A personal injury claim could be a different matter entirely. I have heard of people being driven to the brink by the MIB, once they get hold of it. Even bankruptcy doesn't normally extinguish these personal injury debts so it can follow you to the grave. For peace of mind if nothing else, I think car mods should be declared. |
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10-16-2019, 06:04 AM | #15 | |
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FCA Handbook - Insurance: Conduct of Business Cases where rejection of consumer’s claim is unreasonable: contracts on or after 1 August 2017. 8.1.2B For contracts entered into or variations agreed on or after 1 August 2017, a rejection of a consumer policyholder's claim for breach of a condition or warranty (that is not subject to and within section 10 or 11 of the Insurance Act 2015) is unreasonable unless the circumstances of the claim are connected to the breach. I read that as saying it is unreasonable for an insurance company to reject a claim if the breach of condition (i.e. policyholder not declaring a modification) is not related to the circumstances of the claim. E.g. they can't reject a claim for your car being keyed if you didn't declare your car was remapped. Source: https://www.handbook.fca.org.uk/handbook/ICOBS.pdf
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10-16-2019, 06:11 AM | #16 | |
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Now obviously if you lose control of your car on a bend and crash then they could rightfully say that the remap would be a contributing factor, but if you're sitting at 70mph on a motorway and a person/animal/vehicle steps/drives in front of you and you hit them then obviously a remap makes no difference whatsoever. Similarly if you have wheel spacers and you crash into something/someone then the wheels spacers were not a contributing factor, but if your wheel falls off due to a faulty wheel spacer/bolt and you crash, then the spacers are a contributing factor. |
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10-16-2019, 06:19 AM | #17 |
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That's all fair enough and good info, but I would imagine they could argue a remap affects any moving vehicle incident. Like most things, it's your own attitude to risk, I suppose.
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Current: 2021 G21 330i M-Sport Previous: 2018 A6 Avant S-Line MMI+, 2014 F31 320d M-Sport, 2013 F10 520d M-Sport, 2011 F10 530d M-Sport, 2008 320i M-Sport Coupe, 2002 325i, 2001 318i valvetronic, 1998 318i, 1996 525i, 1990 Porsche 944S2 |
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10-16-2019, 06:36 AM | #18 | |
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10-16-2019, 06:40 AM | #19 |
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I suspect that this article sums up the main reason behind your high premiums.
https://inews.co.uk/inews-lifestyle/...t-spots-500432 |
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10-16-2019, 07:09 AM | #20 |
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Amazing how many people are happy to advocate insurance fraud on a public forum
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10-16-2019, 07:20 AM | #21 |
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10-16-2019, 07:27 AM | #22 | |
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I look after insurance as part of my job - slightly more than a car as our annual premium is about £1.5m. Let me tell you, not telling your insurers something not only invalidates your cover it is fraud and you can (and should) be severely punished for it. |
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