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Thread: Cobra Insurance

  1. #21
    Join Date
    Oct 2009
    Location
    Wiltshire UK
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    59
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    1,442
    Quote Originally Posted by Commando View Post
    Thanks corn and Cob !
    Very good!
    Robin.

    No longer hard-topped, but still relatively soft-centred...



  2. #22
    Join Date
    Sep 2015
    Location
    Chandlers ford, hampshire
    Age
    73
    Posts
    46
    New owner now from last week,
    Just purchased Dax de-dion LS2 with t56. first reg 2010
    est.value 35K
    Inquired of a number of insurance companies
    1000 miles/year, owner driver only
    2together and Bloors both came out the same at £370 or thereabouts (KGM)
    A1 didn't want to know (car was too new)
    Hagerty wanted £730
    the other one didn't want to quote saying I had no experience in driving fast cars and to come back next year.
    This left me with the two at £370, when it came to the details both wanted Thatchum imobilizers 1 or 2 and alarm to be fitted to insure it for 35K
    I had no option but to lower the value to 30K as there was only the battery cut off key and no imobilizer and went with Bloors at £316 with the lower value.
    Has anyone else out there had this problem? is it possible to fit a Thatchum to a cobra?
    I look forward to seeing your comments.

  3. #23
    Join Date
    Apr 2004
    Location
    on the edge...almost falling off
    Age
    56
    Posts
    8,513
    Didn't try A plan then Terry? Congratulations on getting your cobra at last!!!
    BIG TONE


    Mercedes SL owner, definitely NOT a kitcar owner like you lot!


  4. #24
    Join Date
    Sep 2007
    Location
    Hilperton,Wiltshire
    Posts
    2,551
    You may need a Certificate to say Thatcham fitted but not hard to get one fitted. 1000 miles,I manage more and don't get to use it much especially as I'm doing 80 plus hours a week working. Have fun with your Dax.


    Andy

  5. #25
    Join Date
    May 2015
    Location
    swansea
    Posts
    155
    Nice car Terrance congrats. 1000 miles is too low in my opinion , especially as its a new toy .

  6. #26
    Join Date
    Apr 2004
    Location
    East Leake, Nottinghamshire, England.
    Age
    55
    Posts
    9,474
    Congratulations on you recent purchase but 1000 miles ! ! ! I did 1,500 miles in the first month when I got my car on the road.
    Martin

    351W 416.7 HP and 466.8 ft-lbs

    Running Mega Squirt and Edis 8


  7. #27
    Join Date
    May 2015
    Location
    swansea
    Posts
    155
    Nice Martin , Fuel in first month must have cost you more than the car ! 4000 minimum per yr for me

  8. #28
    Join Date
    Oct 2009
    Location
    Wiltshire UK
    Age
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    1,442
    Harrisons point regarding the value of your car is an interesting one. If you 'estimate' it to be worth up to £30K then there seems to be little to no problem in getting a competitive quote. Pitch the value higher (e.g. £35K+) and all of a sudden the insurance premium - as well as demands on security specs etc - appears to rocket.

    However, given the way that our cars can fluctuate in value (depending on time of year; market trends; possibly even the strength of the £) who decides what the value is on the day? For example, Sumos seem to have increased in value by anything up to £10K in the past 12 months. I can understand why an owner may wish to protect their perceived value with an 'Agreed Value' clause, but at what cost - and does it make any difference if pitching in at less than £30K?

    It strikes me as being nothing more than a lottery (but with more small print).
    Robin.

    No longer hard-topped, but still relatively soft-centred...



  9. #29
    Join Date
    Sep 2007
    Location
    Hilperton,Wiltshire
    Posts
    2,551
    It does seem that 30K is the limit for easier quotes. With the cost of building going up hopefully the insurance companies notice and quote accordingly. Never heard of a Cobra being stolen. Just make sure they put correct name/age of car on documents

    Andy.

  10. #30
    Join Date
    May 2004
    Location
    Finchampstead, Berkshire, UK.
    Age
    54
    Posts
    3,566
    Interesting point, mainstream insurance is "reasonable market value" (aka a bunfight to prove value) or "agreed value".....what happens if you put down "current value" as £30K (as per this example - specifically NOT agreed value) - does that then automatically go to "market value" which would be £35K (if you can provide reasonable evidence etc etc)

    Anyone work close enough to the underwriters to understand the nuances?

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