Supercar Insurance

[grantley1988 1]

While watching top gear earlier, jeremy rang up to get a quote on a bugatti veyron....

 

Just wondering how much the likes of a bugatti, zonda etc would cost to insure??

 

Does anyone no?

[Toddy 7]

While watching top gear earlier, jeremy rang up to get a quote on a bugatti veyron....

 

Just wondering how much the likes of a bugatti, zonda etc would cost to insure??

 

Does anyone no?

 

£5K to that bloke who owns/ran Evo Mag (Harry Metcalfe)

[GLPoomobile 958]

As per usual with insurance, it would depend on a whole raft of circumstantial information. But you are certainly looking at many, many, many thousands. I remember hearing that McLaren F1 would cost about £20k per year back in the 90s, but I also seem to recall Jezza stating that when he bought an Escort Cosworth back in the 90s the insurance was something pretty stupid.

[AJA_GTi 0]

but I also seem to recall Jezza stating that when he bought an Escort Cosworth back in the 90s the insurance was something pretty stupid.

 

More than the value of the car if I recall correctly. I dont think car insures like motoring journalists much though..

[grantley1988 1]

More than the value of the car if I recall correctly. I dont think car insures like motoring journalists much though..

 

I remember that seem to think it was 19k for the cossie!

[AJA_GTi 0]

I remember that seem to think it was 19k for the cossie!

 

 

Higher according to autotrader mate. Insurance was £25k pa and at the time new cossies were £23k

 

http://www.autotrader.co.uk/EDITORIAL/CARS...ADER/36043.html

[Baz 421]

I'm insured on a Veyron, Zonda, Enzo... etc

 

 

 

 

 

 

 

 

 

 

 

[blniasgti 0]

Most supercar suppliers have there own insurance companies they specifically deal with......

 

I know that my old mans got his V12 Vantage and his Range Rover sport done through the Aston insurance brokers and it costs near enough 2.5 grand a month and he's 56 and got many many years no claims........ also has his partner on the policy but she's had more bumps than hot dinners so she never touches the Aston !!!!

 

I did try get insurance for the Vantage for fun and they wanted an extra 10 grand for me to get tagged on his policy for the year !!!! cough cough

 

I can only wait till im old and get many more years of trouble free motoring before i can have the pleasure of driving the car on the open road !!!!! (WELL WHEN IM INSURED ANYWAY)

[Baz 421]

£2.5kpm??? That's insane!

[Rupertfinch 6]

Not quite supercar league but a pal was paying the same to insure his Aston Martin V8 Vantage as he was for his Golf Mk4 1.4 when he was 17! And the bastard is still only 23!

[Simes 248 2 Cars]

If you can afford a Veyron, you shouldn't have a problem coughing up the insurance.

 

You'll need 18K to replace the tyres.

[Daviewonder 533 3 Cars]

Part worn remoulds are the way to go

[DaveW 6]

I wonder if you can get Dark Horse tyres for a veyron....

[Andy_C 50]

I guess I'm qualified to answer this as I've insured more McLaren F1's over the last 15 years in the UK than anyone else and currently have something like 8 on the books plus 2 or 3 Veyrons. I'm in the middle of an exercise with our insurer to compile a list to enable us to negotiate a better overall package for our clients; we're focusing on cars worth more than £1M individually and the total value is IRO £300M as things stand at the moment.

 

The answer is less than you'd think simply; the accident rate for hypercars is lower than the tabloids report now and again. We recently insured an Enzo for a well known TV personality for around £3,000 a year - bearing in mind that we're already getting more than twice that for the rest of his cars and he only has 3 other named drivers who have rarely, if ever, driven them. We quote marignally higher for something like a Veyron, based on the higher value.

 

Rates for older stuff are lower still as their value is almost always based on their history and not the cost to actually rebuild following serious accident damage (i.e. you could rebuild a 250 GTO for less than £1M but current values are between £15 - 25M depending on history etc.). Theft of this sort of car is pretty much non existent as unlike art, car collectors generally don't go in for buying stolen cars to add to their collections.

 

Experience is the key - if someone can demonstrate a track record of owning serious motorcars then that's good. Lottery winners on the other hand we'd generally avoid, likewise uber wealthy who want their kids to drive them (yep, does happen - I had an enquiry years ago where the owner wanted his 19 year old son to have access to the entire fleet, including an F1 and Koenigsegg - and we got a quote...)

 

Beats working for a living anyway

 

PS £2,500 a month for a Vantage and RR is simply wrong - suspect that's the annual cost as otherwise he's simply paying too much!

[blue_haddock 2]

Not long back one of the kids at work was complaining about paying £1800 a year to insure his 1.1 Mk3 fiesta thats worth about 39p. I said i could insure a ferrari for less so i put my details into confused.com to have a laugh.

 

I could insure a Ferrari 355 spyder on the road in stoke for less than a grand and a Bentley continental GT for £1400.

 

I used all my own details of address and no claims etc and lambo's and 911 were still way less than what he is paying!

[jonnygoodhand 0]

The answer is less than you'd think simply

 

What's the excess like on such premiums? I'd always presumed the premium would be 'reasonable' but the excess would be horrific...

[mainline 2 1 Cars]

I know of someone who insured a gallardo e-gear coupe for £4200 per year. He is about the same age as me and it was in 2006, so he would have been 26 at the time.