IM6 Insurance

[Don H]

Hi lokych
In my opinion, To be honest unless you want it for your own piece of mind I wouldn’t bother. Some insurers may request tracker to be fitted, of those that don’t you might get a small reduction on your premium but this wont cover the cost & the install and fees, even if you keep the car for 5 years.
Don’t get me wrong they are a great piece of kit and some stolen cars have been recovered as a direct result of tracking, there are also quite a lot of cheaper ( self install) units around now, so if you do want one it might be a good idea to “ shop around”

 

[WonkoTheSaneUK]

Can you not track the car through the app?

Insurance companies want specific tracking devices, not a phone app.

 

[NikLiverpool]

For your peace of mind you could go for it.
In the quotes that I have received so far; also with my previous cars adding a tracker in the quote would generate a very small discount; would never pay itself back.

 

[lokych]

Thanks for your opinion everyone regarding the Tracker. That's what I thought too. Sure, ICE cars might need them but EVs have robust tracking transponders which I don't think trackers can beat. I had my motorcycles stolen a few times and recovered so I appreciate their value. But cars, fingers crossed not yet. For motorcycles, it's to save on any premium increase! But actual discount, minimum. Cars the same.

 

[DaveIJ]

I pick my Long Range IM6 up on tuesday, but having the same issue. I was assured it would be sorted by tuesday, but it's sunday now and still looking for insurance? I'll keep you updated.

I had the issue with the MGS5 admiral insurance sorted it for me in the

 

[NikLiverpool]

Admiral still not insuring either IM5 or IM6, at least for me, regardless of what spec I choose.
It will be interesting to see if anyone has insured with them so far.
I am existing customer with multicar and home insurance with them.

 

[BigBear]

Admiral still not insuring either IM5 or IM6, at least for me, regardless of what spec I choose.
It will be interesting to see if anyone has insured with them so far.
I am existing customer with multicar and home insurance with them.

Nor me, same type of customer too

 

[NikLiverpool]

Right so I checked again today.
Same old for me; cheapest policy £1100 from a company I never heard before; Swinton the cheapest known company, £1300.

Put wife as policyholder and main driver but me also added as a driver and the quote from Co-op.....£700!

I reckon I can live with this.

By the way we do swap cars; I am not talking about fronting here.

 

[tsedge]

Right so I checked again today.
Same old for me; cheapest policy £1100 from a company I never heard before; Swinton the cheapest known company, £1300.

Put wife as policyholder and main driver but me also added as a driver and the quote from Co-op.....£700!

I reckon I can live with this.

By the way we do swap cars; I am not talking about fronting here.

It is fairly absurd that car policies still have to have a single main driver, when we have had joint bank accounts for decades. Also that there has to be a single registered keeper etc... Many households have several cars and they operate like a kind of pool.

 

[Don H]

It is fairly absurd that car policies still have to have a single main driver, when we have had joint bank accounts for decades. Also that there has to be a single registered keeper etc... Many households have several cars and they operate like a kind of pool.

It is fairly absurd that car policies still have to have a single main driver, when we have had joint bank accounts for decades. Also that there has to be a single registered keeper etc... Many households have several cars and they operate like a kind of pool.

That’s just crazy, I know adding a second driver can reduce premiums, but swapping you and the other half around and getting an even better rate is utter madness - someone needs to look at what these underwriters are doing.

 

[LenEV2016]

It is fairly absurd that car policies still have to have a single main driver, when we have had joint bank accounts for decades. Also that there has to be a single registered keeper etc... Many households have several cars and they operate like a kind of pool.

if you were being cynical it would just be a name an insurance company can shaft if a claim is made

 

[Don H]

if you were being cynical it would just be a name an insurance company can shaft if a claim is made

The problem that we have is that if you had one policy covering multiple unnamed people one accident would reflect on all. Not a problem if your the guy hitting things, but not so good if you never hit things, your comparison to joint bank accounts is totally irrelevant in my opinion.
Insurance is a thorny subject but I have spent a lot of time working with motor insurance underwriters over the years and I can assure you “most of them” do a reasonable job. They sell insurance with the intention of making a profit ( that’s why we all go to work) the issue in the uk at present is that unfortunately many make losses due to the amount and cost of claims, these are then supported by other products they provide.
Don’t get me wrong, sometimes underwriter decisions are “questionable “, specifically regarding new models or even where we live.

 

[tsedge]

The problem that we have is that if you had one policy covering multiple unnamed people one accident would reflect on all. Not a problem if your the guy hitting things, but not so good if you never hit things, your comparison to joint bank accounts is totally irrelevant in my opinion.

This bit was aimed at my comment.

I didn't say they would be "unnamed". What I meant was, why can't I buy a joint policy for a car in my household where there is no "main" driver but it is split equally?

Surely it isn't hard to compute the risks across two (or more) known individuals and divide them and combine to generate a premium?

In any accident, the insurer will need to establish who was driving in any case.

My view is that this isn't offered simply because "that's not the way we do things", because in industries like insurance, innovation is generally very slow and resisted.

 

[NikLiverpool]

The problem that we have is that if you had one policy covering multiple unnamed people one accident would reflect on all. Not a problem if your the guy hitting things, but not so good if you never hit things, your comparison to joint bank accounts is totally irrelevant in my opinion.
Insurance is a thorny subject but I have spent a lot of time working with motor insurance underwriters over the years and I can assure you “most of them” do a reasonable job. They sell insurance with the intention of making a profit ( that’s why we all go to work) the issue in the uk at present is that unfortunately many make losses due to the amount and cost of claims, these are then supported by other products they provide.
Don’t get me wrong, sometimes underwriter decisions are “questionable “, specifically regarding new models or even where we live.

Respectfully I will disagree.
The insurance market in the UK is completely broken and in many aspects borderline discriminatory.
The high premiums are getting even more inflated by the fact that the moment an accident occurs you are pressured to get the most expensive car hire, they drag repairs as long as possible and of course you are getting asked again again to push for a medical claim.

In Greece for example, where I moved from 12 years ago , you insure the car, not the person. It doesn't matter what is your profession, your sex or how many miles you drive per year.
In case of an accident, after the evaluation you repair your car at a garage of your choice.
Therefore the premiums are dead low.
For my model 3 I currently pay £600. Quote for Greece, £250....

 

[rokfor2000]

Respectfully I will disagree.
The insurance market in the UK is completely broken and in many aspects borderline discriminatory.
The high premiums are getting even more inflated by the fact that the moment an accident occurs you are pressured to get the most expensive car hire, they drag repairs as long as possible and of course you are getting asked again again to push for a medical claim.

In Greece for example, where I moved from 12 years ago , you insure the car, not the person. It doesn't matter what is your profession, your sex or how many miles you drive per year.
In case of an accident, after the evaluation you repair your car at a garage of your choice.
Therefore the premiums are dead low.
For my model 3 I currently pay £600. Quote for Greece, £250....

Same in Poland, the car is insured and it works. Not rocket science. Here the money spining machine is inflated beyond belief...

 

[Don H]

Respectfully I will disagree.
The insurance market in the UK is completely broken and in many aspects borderline discriminatory.
The high premiums are getting even more inflated by the fact that the moment an accident occurs you are pressured to get the most expensive car hire, they drag repairs as long as possible and of course you are getting asked again again to push for a medical claim.

In Greece for example, where I moved from 12 years ago , you insure the car, not the person. It doesn't matter what is your profession, your sex or how many miles you drive per year.
In case of an accident, after the evaluation you repair your car at a garage of your choice.
Therefore the premiums are dead low.
For my model 3 I currently pay £600. Quote for Greece, £250....

I totally agree with all your points made, many insurers get referral fees ( a back handler) paid when they handle a third party claim, it should be illegal for this type of practice in this day and age.
My comments related primarily to the notion of insuring the car rather than the individual who is actually driving.
I should add that no offence was meant to anyone on this forum, perhaps I should word things a little better and for that I apologise.

 

[tonyrome]

I got a price of £540 fully comprehensive, £250 excess, including business use, for the Launch Edition.

 

[MG Clive]

I got a price of £540 fully comprehensive, £250 excess, including business use, for the Launch Edition.

That seems like a very good price.

 

[tonyrome]

That seems like a very good price.

Yes, I thought it was reasonable, although I do have 41 years NCB

 

[NikLiverpool]

Best one I managed to get so far is £1100.
This is with 10k miles per year and business cover.
I cant complain since I am currently paying £650 for a 6 years old Model 3 with £10k value....