Agreed Value Insurance

[SILVER BULLET]

My car is a 2002 na2 manual coupe, in good condition with good service history and approx 52k on the clock, my current insurance renewal is under £200 fully comp and is for up to 3000 miles pa, as it has been for many years, but it is not 'Agreed Value'.

Should the unthinkable happen I would be unlikely to be able to purchase a similar car with the insurance payout.

Bearing in mind the way the value of our cars has risen over recent years, do members recommend 'Agreed Value' insurance and can you recommend a good insurer based on your current/recent experience.
Thanks,
Ian

[Papalazarou]

Hi Ian,

I would definitely get a valuation. If anything did happen, you could quite easily be twenty to thirty grand down. Do some homework and come up with a value that fits.

Cheers,

James.

[SILVER BULLET]

Thanks James

[sorepaws]

If it helps Admiral do classic car insurance and agreed value - they are competative, especially if you agree maximum mileage under 5k per annum. They need photo evidence but apart from that it's simple.

[SILVER BULLET]

Thank you Mike

[Senninha]

Hi Ian,

As above, definately find some online price comparisons and change or upgrade to agreed valuation for your NSX. The photo evidence usually consists of photos for front, back, both sides, engine bay and interior. Some may ask for trip meter reading to validate actual mileage between renewals ..

I use Classic Line at present … do update when you’ve completed the insurance.

regards, Paul

[WhyOne?]

Hello James....are you currently resting between NSX's?

[Papalazarou]

Hello James....are you currently resting between NSX's?

Yes, I think so. Maybe I’ll get back into one in the next couple of months. It’s always been the same. I think about buying something different, then when I do have the opportunity, I buy another NSX.
I think it’s probably a number of things; 1. When you haven’t got the money you’ll convince yourself there are lots of options. Then when you finally do, it sharpens your resolve and you realise the stuff you were looking at doesn’t make sense in some important way.
For me it’s the overall package, it’s buying something I relate to and understand in regard running costs, potential maintenance issues etc. the car I just sold needed some age related maintenance which I never previously had to worry about. Up until then I’d had mostly facelift cars which weren’t old enough to need capacitors, accumulators, regulators etc. however, the NSX I think is a pretty simple thing compared to much of the other stuff out there.
Anything McLaren, Ferrari or Lamborghini scares the hell out of me.
I did get a ride in an MP12c. It was brutal, but it’s just the fear of running costs. One medium sized issue and it would be stuck in the garage for 5 years.
So really a main criteria is depreciation. I’m not prepared to buy a ‘fun car’ that’s going to haemorrhage money.
The thing with NSX’s is there are fewer and fewer good cars. The dealers don’t even seem to prep them anymore. Half of them look like someone dragged them out of the ocean. It’s just lazy. I was looking at a car advertised the other day and it was expensive, but just terrible.
Anyway the answer to your question. Yes I hope so.