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Insuring a 300bhp modified 20vt... #769770
10/02/2009 16:42
10/02/2009 16:42

S
suba
Unregistered
suba
Unregistered
S



As I'll have an RX7 soon and my coupe is not selling for decent money I was thinking about passing the car to my brother...if it's a workable solution then I wont have to start taking bits off my coupe and selling them, I might also be able to drive it on the odd occasion! \:\)

The catch is that he is 22, and has zero years no claims as he has been a named driver on other policies.

I asked if he could be added to my Greenlight policy, and they wont touch him until he's 23 and has a year's no cliams bonus. Adrian Flux wont add him to my policy unless he's 25.

My current insurance is going to be transferred to the RX along with 6 years no claims, so the options for me are to take out a new policy on the 20vt (Adrian flux have one that still enables me to keep the no claims bonus on both cars) and try and find somewhere that will have my brother as a named driver, or find somewhere that will insure the car in his name for sensible money.

anyone got any ideas????? \:\(

Re: Insuring a 300bhp modified 20vt... [Re: ] #769795
10/02/2009 17:13
10/02/2009 17:13
Joined: Oct 2007
Posts: 11,159
,
S
samsite999 Offline
I AM a Coop
samsite999  Offline
I AM a Coop
S

Joined: Oct 2007
Posts: 11,159
,
i think that if your honest with the mods, your really going to have difficult finding any one that will insure it.

As standed coupe most companys will not go near any one who is under 25. its not going to be imposable, but its not going to be cheep, especially in london

Re: Insuring a 300bhp modified 20vt... [Re: samsite999] #769799
10/02/2009 17:15
10/02/2009 17:15
Joined: Dec 2005
Posts: 17,917
J
JimO Offline
Forum veteran
JimO  Offline
Forum veteran
J

Joined: Dec 2005
Posts: 17,917
Si, why not detune it, get some standard parts on it, flog the uprated and then pass it to him, it will still be over a grand in insurance, but better than five grand!

Re: Insuring a 300bhp modified 20vt... [Re: JimO] #769814
10/02/2009 17:35
10/02/2009 17:35

E
elder81
Unregistered
elder81
Unregistered
E



I have abetter idea, pretend I am your brother and hand it down to me! Shouldn't be to bad for me!

Re: Insuring a 300bhp modified 20vt... [Re: JimO] #769818
10/02/2009 17:41
10/02/2009 17:41

S
suba
Unregistered
suba
Unregistered
S



I'm thinking down that route now, but if he is after a standard coupe then I think he could always get one in a few years, rather than pay an arm and a leg for mine as it is.

Not telling the insurer about the mods is not an option. ;\)

Re: Insuring a 300bhp modified 20vt... [Re: ] #769833
10/02/2009 17:58
10/02/2009 17:58

M
MattW
Unregistered
MattW
Unregistered
M



I was 21 when I got mine (about 270bhp at the time), and Flux insured me for £1200. Try getting a new quote for him from Flux and they will get one from a different underwriter than the one they are using for you.

Re: Insuring a 300bhp modified 20vt... [Re: ] #770484
11/02/2009 14:26
11/02/2009 14:26

R
Raulus
Unregistered
Raulus
Unregistered
R



Bell/Admiral/Elephant seem to give me the cheapest quotes(I think they all the same companies). At 21 with mods, no no claims and an accident at fault, bell insured me for £960.00 with my mum as a named driver. Worth giving one of those a call, and older women always seem to bring down the policy!

Re: Insuring a 300bhp modified 20vt... [Re: ] #770666
11/02/2009 17:54
11/02/2009 17:54
Joined: Jun 2006
Posts: 179
South East London
B
ben20vt Offline
On a journey
ben20vt  Offline
On a journey
B

Joined: Jun 2006
Posts: 179
South East London
I tried Admiral yesterday for my 300bhp...too many mods they said, after a half hour wasted. ;(


313bhp...GT28R, Pro-Alloy FMIC & SIP, Perfect touch Live Map, Powerfiat Exhaust, Eibach springs.
Re: Insuring a 300bhp modified 20vt... [Re: ben20vt] #771380
12/02/2009 13:46
12/02/2009 13:46
Joined: Dec 2005
Posts: 2,267
North Oxfordshire
S
simonj Offline
Competition Level
simonj  Offline
Competition Level
S

Joined: Dec 2005
Posts: 2,267
North Oxfordshire
Yeah, Admiral aren't good with mods, even if they aren't power mods.

Re: Insuring a 300bhp modified 20vt... [Re: simonj] #779992
23/02/2009 19:32
23/02/2009 19:32

M
magicsy
Unregistered
magicsy
Unregistered
M



personally at 22 with that much power he will probably kill himself...thus the high Quotes.
Best option like others said would be to take the mods off, sell them(fund the Rx7's new bits :D) then sell the coop as standard. Or then try his insurance again.

Re: Insuring a 300bhp modified 20vt... [Re: ] #780161
23/02/2009 21:51
23/02/2009 21:51

S
suba
Unregistered
suba
Unregistered
S



Funny you should say that - it's exactly what I'm doing!

Re: Insuring a 300bhp modified 20vt... [Re: ] #780210
23/02/2009 22:41
23/02/2009 22:41

M
magicsy
Unregistered
magicsy
Unregistered
M



smile good man.!


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