GT3 Insurance - Page 2 - 911/Carrera GT - PistonHeads UK

Firstly, thanks for those bearing with me in prep for the GT3. This one is about insurance. We have a few cars on a multi-car admiral, including my current M4, which is the car being changed for the GT3. When I update the policy to include the GT3, it says I'm due a slight refund, which was a nice surprise. This essentially means that the GT3 is about £1100 per annum. (4k miles, Social only, Locked Garage, 1k excess) I'm trying a few comparisons, a typical PCW is coming up with broadly the same price with a few companies. Then I tried one of the specialists (I have a few on the list) Flux, Locktons, Classicline) Tried flux so far, they said given your claims (Disco 5 in Jan 23 and a claim from my wife in 2021), we can't get less than £5k. This seems odd i.e. the level of difference from admiral and a typical PCW to £5k. I am planning to try the others, worries me slightly that if Admiral suddenly changed it risk approach, my insurance could go 4x. It may be that I jut fit the profile that Admiral are after, I've seen this before with insurers. Just interested in roughly what others are paying and whether the above rings true to anyone ? For info - 50yr old, Full NCB, claims as above. Low risk rural postcode and low risk profession.

Admiral are now one of the few insurers who cover £100k+ cars without tracker requirement most other insurers including NFU have changed their risk recently requiring tracker activated and substantially upping their premiums in the process. Admiral despite many reviews to the contrary don't appear to be any worse on most levels than any other mainstream insurers BUT make sure you declare ALL optional extras on the car getting a quote preferably e mailing them a copy of the build sheet and invoice when the car was new. Also get them to e mail you confirmation that in the event of a claim including glass you can use the repairer of your choice at no extra penalty to yourself. This prevents them instructing an under the arches type repair garage for work and allows you to have proper OPC/Porsche approved repairs thus keeping the all important Porsche warranty intact. A few reckon bespoke insurers on £100k+ cars are far superior but imo remain unconvinced unless you really fancy paying big annual premiums for an insurance service which is essentially padded out with alot of needless frippery.

Also probably worth getting a quote on the basis your GT3 is not garaged and kept on the driveway interestingly this often comes in lower £££ simply because most insurers reckon damage claims are more likely constantly driving the car in and out of the garage....

Interestingly, when I play with the admiral quote machine, having a tracker or not, makes no difference to the quote. Flux, basically said it's unlikely that any of their panel of insurers would cover without a tracker. Added - just had a really sensible conversation with Locktons. Decent premium, PCGB track days covered, Agreed value and Porsche repairs covered. Edited by Inspectorclueso on Monday 18th November 15:28

Inspectorclueso said: Added - just had a really sensible conversation with Locktons. Decent premium, PCGB track days covered, Agreed value and Porsche repairs covered. Edited by Inspectorclueso on Monday 18th November 15:28 I went with Locktons at my last renewal for similar reasons - just seemed like I was dealing with grown ups who knew something about cars. One “potential” insurer insisted my Boxster had 4 doors…..

As is mentioned here already, Admiral require you to declare all optional extras on the car which as we all know can run into multiple pages. It was also tricky explaining to them what a Sports button does in terms of changing the throttle mapping but not being like an aftermarket mod. When I got close to renewal with them, I enquired what would happen in the event of a claim, as the wording on the policy was quite vague about what kind of car they would replace it with. I didn't feel happy with their definition of 'similar' model. As we know, the options on a Porsche can drastically impact values, especially on the GT cars. So moved away from them to a sepcialist insurer. This was almost 8 years ago now so don't assume it is the same now - just sharing the experience. With any insurer, try to investigate how highly rated their claims procedure is. In the end, that's theoretically where a meaningful difference will be observed (aside from the wallet-lightening experience every year!)

elisered said: I went with Locktons at my last renewal for similar reasons - just seemed like I was dealing with grown ups who knew something about cars. One “potential” insurer insisted my Boxster had 4 doors….. Fully agree with that view. Within minutes, i'd receive a reasonable quote and immediate answers to any queries in a follow-up call. Cannot fault Nowell & Richards either.

I've finally moved away from Admiral multicar after 12 years. Now with LV but my Porsche is a humble 981S not a GT3 and at just over £200, the cheapest on my policy. The cost to upgrade to a 718 GT4 at renewal last month was only around £350 with LV. One of the reasons for moving away from Admiral was they no longer cover organised car club road drives.

Does that mean you’re not insured if a bunch of similar cars are on the road at the same time?

Edited now I've read the thread properly. We have all 7 of our cars with Locktons, including a GT3RS. No mileage limits, no usage type limits. Trackers on the 3RS and 750. Garaged overnight for the 750, 3RS and 964 restomod. About £8.2k for the lot. PM me if you would like an intro to our account manager, although I see you've already spoken to someone. Edited by 964Cup on Monday 18th November 19:20

tobytwo said: Does that mean you’re not insured if a bunch of similar cars are on the road at the same time? I can't remember all the details. I heard about it on the PCGB forum a year or two back just before a club weekend away. I checked my policy wording and it did seem to exclude organised car club drives.

Flux are a joke. Out of interest I tried them for my base 718 Boxster they came in at over £1,400. Comparison site with the cover I wanted less than £300. I went with the latter. I did receive a call back from Flux the next day saying they 'might' be able to get their quote a little cheaper. They were unable to reduce it by £1,100.

Had good service from classicline for years but moved away when a tracker was needed. Now with Locktons and very happy so far..

964Cup said: Edited now I've read the thread properly. We have all 7 of our cars with Locktons, including a GT3RS. No mileage limits, no usage type limits. Trackers on the 3RS and 750. Garaged overnight for the 750, 3RS and 964 restomod. About £8.2k for the lot. PM me if you would like an intro to our account manager, although I see you've already spoken to someone. Edited by 964Cup on Monday 18th November 19:20 Went with Locktons, now have an account manager there. They do seem to actually understand the car and situation you will use it in, hence they'll be my go to for similar cars. Thanks for the info and offer.

Not a GT3, but admiral were by far the most sensible with my 997 GTS - no tracker needed. I went to great lengths to confirm that the extras which needed declaring were those added after the initial build, so not factory extras. I did have to declare ppf which they wouldn’t replace by did increase the cost slightly. The specialist insurers seemed pretty unrealistic either in costs or what they needed (gated driveway, tracker etc) for a 50k car. I used admiral and had a fault claim on my macan - they suggested a specialist repairer who did Porsches somewhere in north London rather than their local body shop. Can’t fault them, although the initial cover set up was a faff.

My turbo s with admiral is £900. My older base Cayenne worth a quarter of the money is £1300. Multicar policy I am sure if make sense to someone just not me !

My 992 GT3 and Evo5rs are both with admiral for £1400, think the GT3 was £1100 on it`s own but reduced to £990 with multicar. I mentioned PPF, insured on driveway just in case I don`t put it in the garage. I purchased it in Feb this year used from OPC so had their gap to cover any shortfall admiral might offer on total loss

Jeremy-75qq8 said: My turbo s with admiral is £900. My older base Cayenne worth a quarter of the money is £1300. Multicar policy I am sure if make sense to someone just not me ! I believe the Cayenne is better suited to ram raiding a jewellery store after being stolen.

£1000 about right through Classic Line. You're limited to 7500 miles. A couple of years ago only cost me £500. Wife is £1800 on her turbo s but its on unlimited mileage (with Admiral). I do warn her that if she ever needs to make a claim Admiral are quite poor. Same with Classic Line actually not much better they have a crappy claims management co dealing with claims. TBH we never claim cheaper just to repair yourself unless a big shunt generally if you care about your insurance renewals. You do get track insurance included with Classic Line and A Manning (UK) which is nice. Just stay on the black stuff

Grantstown said: I believe the Cayenne is better suited to ram raiding a jewellery store after being stolen. I will give it a go next time I am in the high street and let you know !

IMI A said: £1000 about right through Classic Line. You're limited to 7500 miles. A couple of years ago only cost me £500. Wife is £1800 on her turbo s but its on unlimited mileage (with Admiral). I do warn her that if she ever needs to make a claim Admiral are quite poor. Same with Classic Line actually not much better they have a crappy claims management co dealing with claims. TBH we never claim cheaper just to repair yourself unless a big shunt generally if you care about your insurance renewals. You do get track insurance included with Classic Line and A Manning (UK) which is nice. Just stay on the black stuff I think Manning have stopped doing trackday insurance (a few years ago) unless they have restarted ?