By ian_the_hse_chap - 29 Feb 2012
Hi All, Newbie looking for some advice from some of the more experienced G4 owners. I’m in the lucky position (subject to satisfactory AA inspection) of being able to lay my hands on a 2005 G4 Range Rover Sport. I’m starting to think about insuring it and was wondering if there were any specialist insurance companies members may have had good experiences with or should I just stick with the normal compare sites….. Any advice gratefully received… Thanks in advance Ian
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By Pip66 - 29 Feb 2012
I use the NFU.
Phil.
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By NickRB - 29 Feb 2012
Hi all,
First off just joined this forum following a discussion with one of the members.
I am a co owner of a commercial insurance brokerage along with being a Land Rover nut. I recently developed with a leading insurer partner a motor trade insurance scheme aimed at any business involved with Land Rovers. In essence the scheme recognises the true value of modified or specially prepared Land Rovers in the event of a claim situation.
Please see my webpage for an overview:
www.defordlandrover.co.uk
After visiting a specialist garage which had the members vehicle in for work I was contacted by the member who was recommended to me by the garage.
His problem was insuring his vehicle to reflect the true value and taking into account modifications made.
Whillst my motor trade scheme is for companies I have discussed with my insurer partner the possibility of creating a facility for individuals along the same lines and to recognise modification, refurbishment, preparation and historic status of Land Rover vehicles such as challenge, overland, competition, G4, Camel etc.
The problem with using conventional high street insurers from comparison websites is in the event of a claim the extent of the vehicle value may not be understood and certain modifcations/values will cause potential problems. You may find yourself receiving settlement offers based on standard vehicles...........
There is a letter (to which I have responded) in this months LRO which outlines an unsatisfactory claims settlement for a 1989 110 which had been modified and fitted with a new chassis. This demonstrates the point that many standard polices will not cater for the likes of restored, modified or specialist vehicles.
I am trying to assist with the member in question`s problem and the point of this post is to try and gauge demand for a product of this nature.
Could anyone outline vehicle ownership numbers for the G4 owners group and if they feel such a facility would be of interest?
The more interest I have will increase the chance of successfully creating a product but this is very early days so I cannot guarantee anything.
I would propose to offer this facility once up and running to other select owner groups and it will not be a case of "one size fits all"!
There are plenty of specialist insurance options for lower value Land Rovers and I would not look to compete with these.
Feedback anyone?
Many thanks
Nick Buckham
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By adesg4 - 1 Mar 2012
I am with NFU for both of mine.
I would be intersted though in specialist insurance that recognises true value of the vehicle in question.
Too much hassle over the years with the not knowing coverall insurers and getting less than trade value for your pride and joy come claim time.
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By Johnny A - 1 Mar 2012
I tried to get a quote from NFU but as I don’t live in a rural area they declined to quote.
Adrian Flux have just quoted me £2300.00. I was insured via Land Rover but now because I’ve installed a roll cage they’ve classified it as a competition vehicle and so have also declined to quote.
MCE also quoted a figure of £2300.00. I've got a clean licence and one none fault claim!
Chap in work has a full tricked out RS Turbo pumping out in excess of 500bhp and gets insurance for £600 fully comp!
What ever happened to quote me happy?
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By davezrx - 1 Mar 2012
£2,300 bloody hell:angry::angry:
and heres me thinking mines expensive at £367.00 fully comp:w00t:
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By Pip66 - 1 Mar 2012
Just got mine today from the NFU £419 . :w00t:
A lot more than my old TD5 .
Phil.
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By Redlandy9912 - 2 Mar 2012
Im with NFU. been with them for many years now and have had no problems at all, back in november 2011, my 1998 110 csw was stolen, NFU were amazing, they wanted to pay out within 4 weeks, i was stalling thinking I would get my Landy back but they seemed to know I would never see it again, fortunately I had lots of photos of it and a lot of history, old MOTs to prove mileage and reciepts for work done to it, it was slightly modified with large intercooler and other bits and bobs but this did not affect my premium, when the engineer phoned to make me an offer, he asked me what I thought it was worth, I told him around £9,000 thinking I was slightly over estimating, he then went on various websites to try and get a true value, autotrader and piston heads and came up with a value of £11,000 which I accepted, I now have 2 vehicles insured with them, although they were slightly dearer for my car there was no interest on paying monthly so worked out a lot cheaper in the end, plus I dont have to trawl the internet for quotes, you can do it all over the phone.
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By Emon - 2 Mar 2012
Nick,
There are over 50 active members in the club and this varies considerably from time to time, so I would certainly think that if you came up with a genuine affordable package to cover G4 vehicles with all their kit, this would be of immense benefit as we can provide the detailed specs for most years as a base spec, then members would discuss any variations from standard as part of the policy schedule. So please do investigate as questions about insurance come up again and again. From my personal experience, as you imply most modified vehicles are not properly insured, as I don't think everyone is able to communicate the detailed spec to the insurance brokers, then when a claim does arise people find out to their cost. Every detail is rated against performance, vulnerability factors, enhancements leading to "stealbility factor", etc, adding to the overall risk being insured - mind boggling. For example, how many members do we think who have communicated to their broker that there are G4 stickers and other labels all over these vehicles? These are also risk factors! With my 08 D3, I have had lots of problems insuring at a reasonable premium, when the full specs are revealed, but that is exactly the cover we need to cover all the kit and the vehicle. NFU, with whom I have had positive relations over a number of years with many landis, including a G4 110, are not interested any more in that the premium is horrendous even with 10+ years NC. The issue seems to be about "modification from standard manufactured". Now there is a big difference in how brokers and what they in turn communicate to the underwriters, interpret this key legal definition. Is a G4 vehicle "modification from standard manufactured", you could argue both ways.
If you can solve this issue and we can base a schedule with detailed specs plus the G4 'originality' premium, then I would think it would be a great service to the club members.
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By beardiedog - 5 Mar 2012
I'm with NFU but would definatly be interested in a classic/limited mileage style insurance I'm not using mine day to day now.
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By RRR207 - 21 Mar 2012
As someone who is currently looking to buy a D3 I have been researching insurance......
The main thing that surprised was the cost, I am 42yrs old, have 12yrs protected NCB, clean Licence...... my current 2001 RR Bordeaux is £450 pa & my 1991 RR Classic 300tdi is £350 pa (5000 mile limit). The classic is modified so far from standard that it only vaguely looks like a RR.
My insurance broker (Adrian Flux) quoted me £1300 for a 2008 D3 G4...... I then asked them to quote for a 2009 D3 XS with all the modifications fitted aftermarket. The insured value is the same once you allow for the cheaper cost of buying the car plus the increased cost of fitting the winch etc ....... the second quote was £400 more!!! Appparently entirely due to ME modifying the car rather than LR.
Insurance is one of those things that we have to have & those of us that have cars that differ from the 'norm' have to pay through the nose for the priviledge.
I have never understood insurance companies.
Nick
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By MikeS - 25 Mar 2012
I'd expected to have a load of hassle insuring the RRS here in Oz, the reality has been completely the opposite and a refreshing change I have to admit. If Nick can come up with a suitable agreement it would be very worthwhile for UK members, considering that to replace a G4 with like for like in the UK does usually entail paying more than for a standard car. I had mine insured with Bell and they were a nightmare when it came to the additions, because it's classed as modified and is therefore a licence to print money.
Over here, I contacted 2 specialist companies, Lumley Special Vehicles (as we have the wife's Triumph Spitfire with them) and Shannons. Lumley's weren't so good for the RRS, but Shannons were fantastic. The chap researched the G4 Challenge & the car on the interweb whilst I was on the phone to him (looked on here and wikipedia, bloke even reckoned he'd found a photo of the car) and came to the conclusion it's the only G4 RRS in Australia. Listed all the 'modifications' despite them being factory additions and gave it a value of $10k more than a dealer car, to cover the costs of sticking everything back onto a standard car, as we agreed there's no way I could import another to replace it with due to the daft regulations here. It's been valued at AUD$65k, which I'm more than happy with. Best of all, even as a daily driver, the cost is lower than in the UK, it's worked out at about £550, so all in all not too bad. If a broker in the UK can come up with something like that, you'll be laughing.
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By Johnny A - 26 Mar 2012
Right, now I’m on me soap box.
It is blatantly obvious that we are punished by the insurance companies for having pride in our vehicles and not conforming to the jelly mould sales rep mobiles (no offence intended towards sales rep’s).
I myself feel is though I have been in the past and still is being discriminated against and taken advantage of etc. most owners of the off the shelf branded vehicles have no true pride in their vehicles, to them they are just a means of getting form A – B i.e. driving Miss Daisy, school runs, shopping etc. and don’t give a second thought about extra security or how and where they leave their vehicles. I wouldn’t mind betting that we as a minority group ( G4 / CT owners) however are the total opposite. If any of our vehicles become damaged or stolen there is a very limited source to get a replacement. Each vehicle lost means a part of the history and heritage of LR is lost. Unlike Mr Ford Focus we cannot get our cheque from the insurance company and jog down to the nearest dealership and say to the Salesperson “ I’ll have one of those in puce pink please”. I do take pride and I do take care going the extra to ensure that my vehicle remains mine and is maintained to a high standard.
For this having pride and enjoying the ownership of a bespoke vehicle I am legally obliged to accept outrageous fee’s. Sure none of the insurance companies force me into buying their extortionate policies from them but when none of them have a true understanding of the vehicles (which includes the so called specialist vehicle insurance companies) there are only a few that will take you on.
Well shame on them and roll on the day when there is a true Land Rover Specialist Insurance Company who talks the talk and offers a true service at a honest price. A clear example that it is achievable is the company down in Oz (Shannon’s) as identified by MikeS.
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By Pip66 - 26 Mar 2012
Hear hear. Well said that man. :)
Phil.
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By Johnny A - 27 Mar 2012
Cheers Phil
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By Sweaty - 12 Apr 2012
My Rangie insurance is up at the end of this month for renewal. I would be interested.
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By NickRB - 2 May 2012
Quick update:
Following on from my previous post I have held several discussions with underwriters who have confirmed interest in backing this project.
I am awaiting further information to progress but the reponse so far has been positive and encouraging.
Once things have progressed will keep you posted.
Cheers
Nick
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By DurtyDisco - 2 May 2012
Apparently Academy Insurance Services are quite good at insuring specialist/modified vehicles, we use them a lot on the Northants 4x4 Response team as we all have very modified vehicles, might be worth approaching them too..?
If you want me to get contact details please PM me.
Cheers
Andi
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By Johnny A - 8 May 2012
Hi Andi
Sent you over a PM last week about Academy Insurance Services!
Could you please forward contact details, I looked at their web site but couldn't find anything about 4x4 or modified vehicles, so I must be looking in the wrong place?
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By DurtyDisco - 11 May 2012
I'd be very interested, I'm with Adrian Flux for my 300TDI Commercial which is reasonable, they just quoted me £637 fully comp with 9yrs protected NCB..... But didnt know what a G4 was so thats likely to go up!
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