Insurance, Ouch

[Rallyeman]

Footman James
GT2 996 £663 including euro trackdays
964 C4 £450 including euro trackdays

 

[NXI20]

Hi Roro
I assume that's a 997
CL insure my 996 with track days no problem but it's the 4 x jump in price to insure a 991 I can't work out
I have agreed value of £85000 on the 996 so the value of the car is more than 50% of a 991but the premium is 4x as much

What's the cost difference of repair? I suspect the answer to that is the main driver.

996 = simple, all steel, nothing too fancy
991 = complex, multiple diferent materials in the shell, bonding often needed, specialist tooling & jigs etc. required to repair.

My rule of thumb was always circa £20k for a decent off in the 996 GT3. The 991, I suspect, is several times that figure. Dangerously close to write-off teritory if you have a decent sized accident...

 

[mikelb04]

Hi NXI20
I think you may be right,they must be expensive to repair but I was hoping some of the 991 owners could give some idea if that is what they are paying and I am not missing something with a different broker
Chances are I will only really use the car on track and mileage will be minimal, it just hurts me to pay that much just to keep it in the garage
GT4's seem to be a lot cheaper to insure but maybe the answer is just drive it more and then the price per mile doesn't hurt so much
End of the day I don't fancy driving one round a track without Insurance so why should an Insurance company not charge for the risk
I have been spoilt with the running costs of the 996

 

[Senoj]

Hi NXI20
I think you may be right,they must be expensive to repair but I was hoping some of the 991 owners could give some idea if that is what they are paying and I am not missing something with a different broker
Chances are I will only really use the car on track and mileage will be minimal, it just hurts me to pay that much just to keep it in the garage
GT4's seem to be a lot cheaper to insure but maybe the answer is just drive it more and then the price per mile doesn't hurt so much
End of the day I don't fancy driving one round a track without Insurance so why should an Insurance company not charge for the risk
I have been spoilt with the running costs of the 996

Most 991 owners don't do that many track days. I'm quite surprised your 996 Insurance is that cheap tbh. Mines twice that mileage allowance and just under twice the price. 3k miles a year won't allow that many TD's either so your per event costs are getting pretty high. More modern pork has to be in the region of 800 to 1000 per track day factoring in all costs. Therefore the additional cost to insure, in the scheme of things, is not terrible.

The fact that the 996 is a better track car is for another thread :floor:

 

[mikelb04]

Well I think I have the answer, drove up to Goodwood yesterday to see a friend doing a track day and got chatting to an owner of my perfect spec car
My mouth probably dropped when he told me he was paying nearly £3000 Insurance with no track days!!
In his words he just loves driving his car
So conclusion much as I hate the price of Insurance its just part of the cost of running a GT3
I suppose I could drive even more slowly round a track to save wearing out the tyres but where's the fun in that?
( or maybe whole new thread required I should just spend the money doing more track days in my 996 as Senoj suggests, it's not exactly a bad track day car and maybe more fun than than a newer car, I'm just curious to find out)

 

[Senoj]

Having spent many years in 997's doing TD's including a 997.2 RS for many of them, I had a few sessions at the wheel of a friends 991.1 RS and while it was undeniably fast, supremely agile and capable (also a friends new car so I wasn't going to be 10/10ths obviously ) I wasn't getting out thinking I really must have one of those. Drove a pals, admittedly quite a tweaked one, 996 and realised that was feeling I was looking for from a car that wasn't there in the 997 let alone the 991. For me.

So I bought a relatively leggy 996, from another friend, it had had a life and had had many must do's done but some further choice tweaks and a few quid later as a thing to drive its superb . I love the fact you need to work at it, the steering feeling is sublime but it will not flatter you. The engine is such a stellar workhorse, no fakery and while it doesn't quite sing out like the 3.8 in the RS (that engine is just the absolute best of all of them I think) it has its own character, gutsy, something it took me a while to adjust to. It's value is about right for use as a track day car in that Insurance and running costs make sense.

I will happily let the 991 pass on a TD as it's hard to deny the near 500hp and robot transmission :floor:

 

[mikelb04]

Hi Senoj, you have just summed up my problem, I have a 996 that is pretty sorted, I would like to try a 991 but suspect good as I am sure it would be after a few drives I am going to miss the 996 which is why I want to run them both
Trying to find another 996 and then sorting out any bodges would hurt

 

[cheshire911]

I had been with ManningUK for 10 years. The last two years the premiums went up steeply due to ' the underwriter making big losses on GT3 cars at trackdays'.

I don't have a GT3 neither do I do trackdays.

This year the quotes were ridiculous with condition that a tracker be fitted, cessation of NCD and doubling of the excess.

I kicked ManningUK into touch. They do not appear to be in specialust Insurance any longer with underwriters making ridiculous conditions of Insurance.

I switched both cars to Locktons. Simply the best. Classic policy (hence no NCD).

I also tried Footman James. They were OK on the Porsche but when I added the Locktons standard cover items, FJ was way too expensive. Headline figure looked competitive. But a deeper look to compare like-for-like it was no-go.

The other car was way over the top against the Locktons quote.

Finally, AIB. Complete waste of time. Their guy rang a couple of times seeking clarifications and then NEVER called back and NEVER gave a quote.

With the other car, AIB never responded to my internet request for a quote.

Locktons certainly have a good name. They were swift and easy to deal with.
FJ were easy also. Just not competitive on like-for-like versus the Locktons policy.

 

[Angelus666]

I've just moved from Admiral to Locktons for my RS, which was a chunk more money (£1500 v £650), but it importantly had an agreed value of £160k which I think is crucial. None of the cheap options would do this.

A friend had a cheap 'compare' Insurance policy and he has found out the hard way that they will only provide an esitmate value of the car when you need paying out. They paid out 30% below real market value and wouldn't budge a penny.

 

[Marky911]

I don't do track days anymore and have never tracked my 996 GT3, hence I just stick it on our admiral multicar policy. However this year they were over £100 to much on each of our 3 regular use cars.

They quoted £258 for the gt3 with 5k mikes per year and £75k value. I've just sorted it with Esure for £163.
Ironically my £700 Volvo estate that I do 12k miles per year in is pretty much the same price.
Crackers!