pilgrim_fgau
Member +
Hi Guys,
When you are getting an insurance quote, in particular for the glanza and GT models, that clearly sell for more than the book price of the car, what would you put as the value for the car when getting a quote. Closer to a book price value, or closer to what you have paid for the car.
The reason I ask, is I have my eye on a 1992 Starlet GT Turbo, and is around the £3000 mark, I have noticed that when I put a value at around £3000 the premium is around £200 less than if i Value at around £1000, but what difference would this make to my cover if I valued it as £3000?
I understand that the company more than likely never pay that out for a 1992 starlet and would probably only pay out a book price for it, probably about £600 or something lol, so tlhis leads to another question, would the insurance company not more than likely just write the car off if it was in an accident because of the value of a car? if this is the case, would I not be best raising the voluntary excess to about £500 on top of the compulsary excess, as this seems to drop the premium also buy around £200 ?
I don't know I'm thinking this all through wrong or not so any input is welcome
When you are getting an insurance quote, in particular for the glanza and GT models, that clearly sell for more than the book price of the car, what would you put as the value for the car when getting a quote. Closer to a book price value, or closer to what you have paid for the car.
The reason I ask, is I have my eye on a 1992 Starlet GT Turbo, and is around the £3000 mark, I have noticed that when I put a value at around £3000 the premium is around £200 less than if i Value at around £1000, but what difference would this make to my cover if I valued it as £3000?
I understand that the company more than likely never pay that out for a 1992 starlet and would probably only pay out a book price for it, probably about £600 or something lol, so tlhis leads to another question, would the insurance company not more than likely just write the car off if it was in an accident because of the value of a car? if this is the case, would I not be best raising the voluntary excess to about £500 on top of the compulsary excess, as this seems to drop the premium also buy around £200 ?
I don't know I'm thinking this all through wrong or not so any input is welcome