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Insurance and tracker

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Looking to insure my new LF1 and insurer is asking for tracker to be installed, is this the norm?

Given the installation and rental represents a higher cost than my actual insurance itself it seems out of kilter.

Cheers

Steve

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Have you called our recommended insurer, AIB?

To be fair, most insurers want a tracker on any car worth more than £50k, some even from £40k...

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Haven't tried AIB tbh, do they cover track days?

Cheers

Steve

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I'm with Admiral, no tracker required. I don't think they cover track days though.

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Direct Line also don't need a tracker, but no track day cover either.

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Competition Car Insurance (CCI) who insure with Eviva , require a tracker on all vehicles over £40k. They have given me 30 days to get one fitted to my new roadster! However the premiums are competitive, and they do include 6 track days!

The tracker costs between £2-300 to fit and £10 per month!

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Hmm, looks like my insurance company wants a tracker on a car over £50k.

Don't really want one of these things, guess I need to find a new company.

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Have you called our recommended insurer, AIB?

To be fair, most insurers want a tracker on any car worth more than £50k, some even from £40k...

I tried AIB. They wanted a tracker.

 

I went with Direct Line in the end. They didn't require a tracker and they were cheaper than anyone else.

  • Like 1

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I think it might be the case that if I want an insurer who will offer track day cover then I have to bend over and put one of these hateful things on my car.

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On a spur of the moment decision I've just chopped my 2-Eleven in for a 65 plate Exige S, great I though until I've retrospectively started looking for insurance (bearing in mind I collect the car on Saturday)

I thought at 34 it'd be straight forward and simply updating my details and giving CCI a few quid for the change. As said above, they want a tracker fitted within 28 days of purchase due to the value of the car and an extra £24 which using my simple maths equates to £888 per annum versus £600 odd for my 2-11. While this includes 6 track days, of which I used none this year, I can't help but think it's better value for me to pay one off lumps when I take the car on track.

As such I've just taken a quote from Direct Line for £441 with full legal cover and the works, seems a good deal especially when I intend to take out GAP insurance that'll pay the difference up to the invoice price, what can go wrong?!

Edited by Alex L

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That's a pretty good way of going about it I think Alex, providing that if you ever need to claim Direct Line offer a hassle free service. I've just renewed mine (I'm also 34) with ERS through Need2insure, this includes 5 track days but is basically £1000 and I had to have a tracker fitted to the vehicle when I purchased it last August.

I did an online comparison quote just to make sure I wasn't being robbed and the best were all around £1000 with the usual generic companies obviously not offering any track day or specialist cover, I'm pretty surprised by that Direct Line price!

 

Edited by NathR

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Hahahaha - Nothing can go wrong, until you claim. But then I think all insurance companies are robbing bar stewards and cheats and liars. But then I'm sad like that..... Go with DL, but check on track day costs first....

I mean GAP insurance - it's just another money making fleecing scheme. Hello Sir, oh, a Lotus Exige, value £56k Sir, OK Sir that'll be £700 to insure.

2 months down the line - crash Sir. Write off Sir. Oh, here's a check for £45k Sir. HJave a nice day Sir. WTF you Bar Steward, told you the car was £56k, you charged my premium based on £56k. Asshole.

Sorry Sir, just paying what the car is worth. OK You sh!t - keep your cheque and just find me a 2 month old Exige, same colour and spec and give me that. Don't want your cash, want the car. Like for like.

Hahahahahahaahahahahahahahahahahaaha, Sir's having a laugh!

Rinse and repeat for several months.

Bar Stewards. All of them.

 

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Individual track cover will cost about £200 - £250 per day on an Exige.

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Different underwriters have different vehicle value thresholds on when they start requiring a Tracker to be fitted. For example some require at vaues of £40K+, some at £50k+ etc

FYI my brand new Cup (so >£60k) is insured by Henderson Taylor (underwritten by Equity Redstar) and they didn't ask for one. Plus I get trackday cover.

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Direct Line are way cheaper than anybody else but obvs won't include track cover, however if I get time to do one this year I'd rather just pay the £250 one off payment....especially as I get a free track day at Silverstone thrown in with the car.

My GAP quote is for £173 for 2 years cover returning to invoice value, seems a no brainer twinned with the DL quote.

Where do I sign....

Edited by Alex L

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