Lowering & Insurance

ed335d · 03-31-2009, 06:46 AM

I've been looking at getting the H&R springs and thought I'd better enquire what the insurance effects were. I'm with BMW insurance and was horrified at the premium increase - £188

This would effectively increase my premium by a third and pushes the cost of the modification to well over £500.

This sounds ridiculous to me - does anyone have any similar experience?

BTW, I also enquired about a Bluefin 47hp gain and the increase would have been £415 with both mods (plus excess up to £750) - a premium increase of around 75%

booforty · 03-31-2009, 07:13 AM

Mods do bump up the insurance

Consider using a more specialist insurance company that is more familiar and comfortable with the modicifactions you are looking to do

doughboy · 03-31-2009, 07:21 AM

Quote:

Originally Posted by ed335d

I've been looking at getting the H&R springs and thought I'd better enquire what the insurance effects were. I'm with BMW insurance and was horrified at the premium increase - £188

This would effectively increase my premium by a third and pushes the cost of the modification to well over £500.

This sounds ridiculous to me - does anyone have any similar experience?

BTW, I also enquired about a Bluefin 47hp gain and the increase would have been £415 with both mods (plus excess up to £750) - a premium increase of around 75%

BMW Insurance was 100% more than anyone else for me as I've had a 2 week ban, so I didn't use them.

Your premium seems very low for the vehicle, so you must be a low risk driver, this means mods will weight your premium proportionally more.

Direct line who I use want £75 flat increase for ECU mods. I'll call them about suspension mods to see..

alpini · 03-31-2009, 11:25 AM

my insurance company shook their head when i mentioned lowering the car. my premium would jump to over £2000 (form about £500)...

dxb335d · 03-31-2009, 11:48 AM

Sod that.

Hotcoupe · 03-31-2009, 03:40 PM

A very good company for mods is LV Insurance who I use.

You can tailor the quote to reflect the changes made, and they are very competitive.

The increase for all my mods came out at an increase of approx £100.00 and I still only pay £540.60 for Fully comp
This gives you an idea of what boxes you can tick:

ed335d · 03-31-2009, 03:43 PM

Ian, top man!

dxb335d · 03-31-2009, 03:50 PM

Some insurance comps i spoke to rekon my car has a margret thatcham cat 1 on it from factory? is this true?

Hotcoupe · 03-31-2009, 03:52 PM

Quote:

Originally Posted by ed335d

Ian, top man!

My remap was peanuts Ed,in fact the other (too many!) boxes made far more of a difference to the premium.

The Bluefin sounds ideal if warranty is a worry, just whip it out prior to service, and no one's any the wiser. (whip it in, whip it out, and wipe it!)

Get ticking

CD · 03-31-2009, 03:53 PM

direct line are fairly good to me too with regard to mods.

i also heard adrian flux is good too ... worth a try i suppose

Hotcoupe · 03-31-2009, 03:54 PM

Quote:

Originally Posted by dxb335d

Some insurance comps i spoke to rekon my car has a margret thatcham cat 1 on it from factory? is this true?

I wondered where she had disappeared too!

CD · 03-31-2009, 04:18 PM

Quote:

Originally Posted by Hotcoupe

I wondered where she had disappeared too!

Gibbo · 03-31-2009, 04:28 PM

Quote:

Originally Posted by Hotcoupe

A very good company for mods is LV Insurance who I use.

You can tailor the quote to reflect the changes made, and they are very competitive.

The increase for all my mods came out at an increase of approx £100.00 and I still only pay £540.60 for Fully comp
This gives you an idea of what boxes you can tick:

Nitrous oxide kit fitted.

PeteJ · 03-31-2009, 04:40 PM

I'm with swift cover and just reading the terms of my policy and I see they will not insure cars with "Modifications to the Engine Management System for the benefit of performance"

Hotcoupe · 03-31-2009, 04:42 PM

Quote:

Originally Posted by Gibbo

Nitrous oxide kit fitted.

Shhhhhhhhh, don't tell Carl

acerboo · 04-01-2009, 02:48 AM

ask bmw what they would charge if you fitted THEIR performance suspension kit

ed335d · 04-01-2009, 03:38 AM

Quote:

Originally Posted by acerboo

ask bmw what they would charge if you fitted THEIR performance suspension kit

I suspect that the answer would be the same. Although the face is BMW, I suspect that the company behind it (UK Insurance Group) actually has nothing to do with them.

dxb335d · 04-01-2009, 07:53 AM

Probably very correct Ed.

Most companies are just brokers.

booforty · 04-01-2009, 08:05 AM

Interesting reading chaps

dxb335d · 04-01-2009, 08:16 AM

I know it was light years ago Paulie, but do you remember how much is was to insure your modded E90 330i?

booforty · 04-01-2009, 08:19 AM

Around £700

I'm just under £600 in the M, but then its currently stock

dxb335d · 04-01-2009, 08:30 AM

Did you declare all mods on the 330i? and how much did that increase the premium.

03-31-2009, 06:46 AM	#1
ed335d Major General 141 Rep 6,912 Posts Drives: E92 M3 Join Date: Jun 2008 Location: Surrey, UK iTrader: (3)	Lowering & Insurance I've been looking at getting the H&R springs and thought I'd better enquire what the insurance effects were. I'm with BMW insurance and was horrified at the premium increase - £188 This would effectively increase my premium by a third and pushes the cost of the modification to well over £500. This sounds ridiculous to me - does anyone have any similar experience? BTW, I also enquired about a Bluefin 47hp gain and the increase would have been £415 with both mods (plus excess up to £750) - a premium increase of around 75% __________________ E92 M3, Jerez Black, Fox Red Novillo, 19'' M Double Spoke, folding mirrors, lumbar support, front seat heating, PDC, USB, DAB, EDC, Bluetooth, Logic 7, High Gloss Shadowline, big smile
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03-31-2009, 07:13 AM	#2
booforty Major General 337 Rep 8,811 Posts Drives: E92 M3 Join Date: Mar 2005 Location: London, UK iTrader: (0) Garage List 2008 E92 M3 [0.00]	Mods do bump up the insurance Consider using a more specialist insurance company that is more familiar and comfortable with the modicifactions you are looking to do
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03-31-2009, 11:25 AM	#4
alpini First Lieutenant 68 Rep 346 Posts Drives: F32 420d M Sport Coupe Join Date: Feb 2008 Location: NI iTrader: (1) Garage List 2014 BMW 420d M Sport [0.00]	my insurance company shook their head when i mentioned lowering the car. my premium would jump to over £2000 (form about £500)...
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03-31-2009, 11:48 AM	#5
dxb335d The Tarmac Terrorist 957 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Sod that. __________________ 997.2 GT3
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03-31-2009, 03:40 PM	#6
Hotcoupe Major General 195 Rep 6,110 Posts Drives: Don't know yet! Join Date: Jul 2007 Location: UK iTrader: (2) Garage List November 2008 335D ... [8.34] 2007 335D [0.00]	A very good company for mods is LV Insurance who I use. You can tailor the quote to reflect the changes made, and they are very competitive. The increase for all my mods came out at an increase of approx £100.00 and I still only pay £540.60 for Fully comp This gives you an idea of what boxes you can tick: Attached Images __________________ ================================= Never argue with an idiot on the internet. He will drag you down to his level and beat you with experience.
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03-31-2009, 03:43 PM	#7
ed335d Major General 141 Rep 6,912 Posts Drives: E92 M3 Join Date: Jun 2008 Location: Surrey, UK iTrader: (3)	Ian, top man! __________________ E92 M3, Jerez Black, Fox Red Novillo, 19'' M Double Spoke, folding mirrors, lumbar support, front seat heating, PDC, USB, DAB, EDC, Bluetooth, Logic 7, High Gloss Shadowline, big smile
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03-31-2009, 03:50 PM	#8
dxb335d The Tarmac Terrorist 957 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Some insurance comps i spoke to rekon my car has a margret thatcham cat 1 on it from factory? is this true? __________________ 997.2 GT3
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03-31-2009, 03:53 PM	#10
CD gone ... but i will be back ! 62 Rep 1,183 Posts Drives: 335D Coupe Join Date: Oct 2007 Location: England (north) iTrader: (0)	direct line are fairly good to me too with regard to mods. i also heard adrian flux is good too ... worth a try i suppose __________________ E92 335D / QUAIFE LSD / EIBACH / DIMISA / REMAP / 19" HAMANN EDITION RACE REPS ... USUALLY WITH A HEALTHY SPLATTERING OF GOOD OLD YORKSHIRE MUD ...
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03-31-2009, 04:40 PM	#14
PeteJ Diesel Head 12 Rep 550 Posts Drives: 320d M Sport Convertible E93 Join Date: Dec 2008 Location: Edinburgh iTrader: (0)	I'm with swift cover and just reading the terms of my policy and I see they will not insure cars with "Modifications to the Engine Management System for the benefit of performance"
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04-01-2009, 02:48 AM	#16
acerboo Brigadier General 181 Rep 3,923 Posts Drives: e92 335d lci Join Date: Jul 2008 Location: kent iTrader: (2)	ask bmw what they would charge if you fitted THEIR performance suspension kit
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04-01-2009, 07:53 AM	#18
dxb335d The Tarmac Terrorist 957 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Probably very correct Ed. Most companies are just brokers. __________________ 997.2 GT3
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04-01-2009, 08:05 AM	#19
booforty Major General 337 Rep 8,811 Posts Drives: E92 M3 Join Date: Mar 2005 Location: London, UK iTrader: (0) Garage List 2008 E92 M3 [0.00]	Interesting reading chaps
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04-01-2009, 08:16 AM	#20
dxb335d The Tarmac Terrorist 957 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	I know it was light years ago Paulie, but do you remember how much is was to insure your modded E90 330i? __________________ 997.2 GT3
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04-01-2009, 08:19 AM	#21
booforty Major General 337 Rep 8,811 Posts Drives: E92 M3 Join Date: Mar 2005 Location: London, UK iTrader: (0) Garage List 2008 E92 M3 [0.00]	Around £700 I'm just under £600 in the M, but then its currently stock
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04-01-2009, 08:30 AM	#22
dxb335d The Tarmac Terrorist 957 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Did you declare all mods on the 330i? and how much did that increase the premium. __________________ 997.2 GT3
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