just found this whilst looking for something completely different in the search engine… sorry to bring up something from what is like a decade ago, just hope everyone has the correct cover and to clear some things up that annoys us all
this is just a peace of mind. I imagine we’d like to be paid if someone sticks it on the back of a low loader and f’s off whilst you’re out shopping etc etc
[quote]My no-claims has gone up by 10% from 40% to 50%, but has my premium gone down by 1/6th? Even factoring inflation into the equation it still doesn’t add up, so my insurance company is plainly screwing me.
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hmmm I would look into what their “arrangment fees” are to make sure they aren’t going ott at your expense. You could be spot on. 
[quote]Modifications, well as I see it, my HKS EVC III is worth next to nothing in modern money, and only increases my boost to roughly the same level as the free boost mod would. Anything higher I see knock, so I can’t do it.
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But the insurance company doesn’t know that do they.
[quote]Air filter, OK I can accept that this will increase performance, but is probably as cheap to replace as the standard set-up.
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not the point, “this increases performance” says all the insurer will want to know
[quote]Exhaust, a complete custom stainless system that cost £650. Apart from the fact it is made from stainless, includes a lifetime guarentee and doesn’t include a cat, it is pretty similar to the standard system. In fact it looks the same at the rear, is just as quiet, and even includes 4 silencer boxes. How much does the standard active exhaust system cost?
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Got to admit I agree with the cost element. The stock systems are more expensive to replace but the fact it is not a stock component means again they will want to know (could affect bhp)
[quote]Alloy wheels, the same diameter as standard, locking wheelnuts fitted (personnel choice to keep them, not an insurance requirement), wider than standard wheels which in my opinion gives it better road holding. Now these are probably cheaper than the standard wheels to replace if damaged or stolen, so why do I need to declare them? Is it because it will drop my premium???
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ok so how did you find the new wider wheels hold the road better :lol: the extra width mean you can drive quicker, not safer (apart from maybe in the snow)
[quote]Brakes, better discs, pads, fluid and lines. Surely this means the car is safer than the standard set-up? Do we think it lowers the premium???
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stopping quicker again means you can drive quicker, hence why insurers want to know… it may be a requirement on an engine change or massive increase in power, but not really on a stock setup.
[quote]Plugs and leads. Iridium plugs cost less than the standard platinum ones, Magnecor leads cost less than standard ones. Performance gains? Not much really I guess. Does it increase your premium???
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I’d be surprised if anyone upped your premium because of this.
[quote]CO2 intercooler spray, now this costs money to use, and doesn’t do much unless you are waiting around for a drag run heat soaking the ICs, so isn’t really an issue on the roads. Can I tell them about it and get it insured as long as it is disconnected from the car on the road? Can I boll…
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Lower intake temps = higher tuning capabilities = more bhp. That’s why they want to know. 
Nitrous in your car makes it a big bomb. If your car blows up and takes with it someone 25yrs old earning 100k. life expectancy of 55yrs 35 of them working = £3.5m payout not taking into consideration their wages increasing as they get older.
Everyone has seen what happens when drag cars get it wrong
[quote]Mileage. Can you limit the mileage sir? Of course I f*cking can, but why should I? At what point does driving a certain mileage make you safe? The less you drive your high powered car, the safer you are? Or the greater the chance of it catching you by suprise? Why don’t I get my car MOT’ed now, then take a policy out in a fortnight. Whatever mileage is showing when I claim from you, only 900 miles will have been done since I took the 1000 mile policy with you, the other 8000 miles was done in the fortnight before I started my policy. Also I’ll wire up the signal to my mileometer to a switch. This will remain in the off position, as I can tell roughly when to change my oil and filter. If there is an accident it will get turned back on, just so you can see it move round.
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insurers will ask for a mileage declaration on a limited mileage policy at the inception of your policy. I recommend no-one try disconnecting their odometer, ever.
[quote]Excess? If I have 10 minor bumps in a year that cost less than £450 each, then I will pay the complete amount each time if my excess is over £450. If I claim through you and have to pay the entire claim myself, then I lose my no-claims, but don’t benefit from you.
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If the repair to your own car costs less than your excess you will only be required to pay what it cost. I would challenge any company that requests your total excess for something that cost very little to repair. You pay your insurance premium to cover any costs to a third party (vehicle or otherwise) not for damage to your own car (that’s your excess). You CAN pay the insurer the total they paid out for a claim and get your NCB reinstated.
[quote]Protect your no-claims. What an excellent idea. This means you can drive without worrying about a financial penalty for causing an accident. Except you pay 25% extra on your policy for this privlege, then if you do have an accident, although you keep the no-claims, you still have to declare the accident, so you still lose out.
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The way this works based on an easy amount for ease of calculating:-
you pay 1000 with PNCB minus 65% discount for full bonus = £350.
If you have a claim the same year then your premium may rise to say 1200, but you had protected your bonus and therefore STILL have 65% discount to use making your new annual premium £420.
If you didn’t have Protected NCB then the premium would STILL be 1200, but instead of 65% you would have say 40% discount and therefore the premium would be £720. hope that claifies that a bit.
[quote]Sorry for the rant, I’ve had enough. My car will be insured on a 1000 mile standard basic fully comp policy this year. I’m fed up of them screwing me.
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I would recommend no-one to do this as it could invalidate the policy/agreement you have entered into and could leave you uninsured.
[quote]I purposely put my insurance on my credit card too - for reasons of not agreeing with insurers adding IPT (I’d rather see the money go elsewhere)
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This is simply not true. IPT is a government levy (yes, another one) which means they take a proportion of any premium paid (5% with brokers, more for direct writers) for every policy. Whilst you can save on interest, most brokers use independant finance companies that can charge anything for credit (however the figure is normally 10%-15%) so if you pay monthly it is a better idea to get the total including repayments rather than the annual figure for paying in full.
Sorry for the long message, but for my own peace of mind I had to go through everything as I would want none of us insured incorrectly.
Dave
