What Difference does a PPP make to standard MY01 Insurance?
24 April 2002, 08:30 PM
#2
Scooby Regular
Join Date: Jan 2002
Posts: 910
Likes: 0
Received 0 Likes
on
0 Posts
I am only guessing, but I reckon they will sting you for £150-£200 per year. Judging by threads I have read on here Ins. companies don't like mods that increase BHP. Even a WR Sport back box will increase your premium. Give them a ring to see what they say. Let us know, I would be interested.
Yorkie
Yorkie
29 April 2002, 10:08 PM
#3
Scooby Regular
Join Date: Oct 2001
Posts: 34
Likes: 0
Received 0 Likes
on
0 Posts
Adding PPP, WRC spoiler, Prodrive springs, morettes to wrx01, added £80 to annual insurance. Though I did add the wife to the insurance at the same time which reduced the premium. Insured with privilege, 39yrs, 7 NCD in high risk area.
30 April 2002, 03:30 PM
#4
Markx,
Privilege will NOT insure my MY00 PPP. They have no idea what it is and if I give them a break down, they will insure everything except the revised intercooler ducting. It might be worth checking your policy thoroughly because in the event of a major claim they may be able to wriggle out of it. I have had the same experience with Admiral, Privilege, Tesco, Churchills, etc.
The stupid part is that they all WILL insure a bloody P1 which is:
1) More desirable,
2) More powerfull,
3) More attractive to vandalls,
4) Just as likely to be totalled in an accident!
The only company who would listen was Greenlight and they gave me an unlimited mods quote! Incidentally, a tracker makes no difference at all to whether or not the mainstream companies will insure your UK MYxx PPP.
Wuss.
Privilege will NOT insure my MY00 PPP. They have no idea what it is and if I give them a break down, they will insure everything except the revised intercooler ducting. It might be worth checking your policy thoroughly because in the event of a major claim they may be able to wriggle out of it. I have had the same experience with Admiral, Privilege, Tesco, Churchills, etc.
The stupid part is that they all WILL insure a bloody P1 which is:
1) More desirable,
2) More powerfull,
3) More attractive to vandalls,
4) Just as likely to be totalled in an accident!
The only company who would listen was Greenlight and they gave me an unlimited mods quote! Incidentally, a tracker makes no difference at all to whether or not the mainstream companies will insure your UK MYxx PPP.
Wuss.
when I added PPP to my MY99
01 May 2002, 04:30 PM
#6
Scooby Regular
Join Date: May 2002
Posts: 44
Likes: 0
Received 0 Likes
on
0 Posts
I got a scary one from Direct Line....
Standard MY98 - £800
MY98 with PPP shot up to £1350, although didnt seem very knowledgeable - had to explain the mods individually (Exhaust, ecu etc).
Thing is if I go for the RB5 I've been hanging my nose over it goes back down to £800. Go figure.
Mind suppose its still not bad considering I managed to write off my last car last year.
Standard MY98 - £800
MY98 with PPP shot up to £1350, although didnt seem very knowledgeable - had to explain the mods individually (Exhaust, ecu etc).
Thing is if I go for the RB5 I've been hanging my nose over it goes back down to £800. Go figure.
Mind suppose its still not bad considering I managed to write off my last car last year.
02 May 2002, 08:08 AM
#7
Scooby Regular
Thread Starter
Join Date: Apr 2002
Posts: 701
Likes: 0
Received 0 Likes
on
0 Posts
OK, spoke with Tesco Insurance last night to get the official low-down on this one and their response was quite interesting...
They told me that they dont mind performance modifications and charge extra according the amount of increase in power. For example: If you pay a £1000 a year premium and then add performance upgrades that add 10% power - say an additional 20Bhp to a standard car - then you premium goes up by ten percent too... ie your £1000 premium goes up to £1100.
They did ask if the modification made any cosmetic differences to the vehicle as this adds further increases to the premium because it makes the vehicle more noticeable!
There you have it... the answer to "how much extra do performance mods make to insurance premiums (with Tesco Insurance)"
Mak.
They told me that they dont mind performance modifications and charge extra according the amount of increase in power. For example: If you pay a £1000 a year premium and then add performance upgrades that add 10% power - say an additional 20Bhp to a standard car - then you premium goes up by ten percent too... ie your £1000 premium goes up to £1100.
They did ask if the modification made any cosmetic differences to the vehicle as this adds further increases to the premium because it makes the vehicle more noticeable!
There you have it... the answer to "how much extra do performance mods make to insurance premiums (with Tesco Insurance)"
Mak.
Trending Topics
03 May 2002, 10:40 AM
#8
That's curious!
Tesco would insure the following:
1) Changes to the exhaust.
2) Up to a 10% increase in Bhp with a new ECU.
When I pushed about the intercooler modifications they referred me to the underwriters who said they would not touch a standard UK MY00 with a PPP, although, once again, a P1 was acceptable???!!
Sorry to bring this up again, but you have got to be thorough. You will only discover a problem when the worst happens and you need to make a claim. Don't let them wriggle out of a claim on a technicality.
Tesco would insure the following:
1) Changes to the exhaust.
2) Up to a 10% increase in Bhp with a new ECU.
When I pushed about the intercooler modifications they referred me to the underwriters who said they would not touch a standard UK MY00 with a PPP, although, once again, a P1 was acceptable???!!
Sorry to bring this up again, but you have got to be thorough. You will only discover a problem when the worst happens and you need to make a claim. Don't let them wriggle out of a claim on a technicality.
Thread
Thread Starter
Forum
Replies
Last Post
aaron_ions
General Technical
17
03 November 2021 11:07 AM
Scott@ScoobySpares
Full Cars Breaking For Spares
7
14 December 2015 08:16 AM