Author Topic: Insurance Valuation - Classic Audi Club  (Read 936 times)

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Offline RS ZWEI

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Re: Insurance Valuation - Classic Audi Club
« Reply #15 on: June 21, 2017, 09:40:16 am »
I asked my insurance company what the book value of my 86 coupe quattro is worth, they said $26000.

$26,000 or $2,600?
If a NZ insurance company is saying $26,000 for an N/A quattro coupe they have quoted you for a turbo.
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Offline RobClubley

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Re: Insurance Valuation - Classic Audi Club
« Reply #16 on: June 21, 2017, 09:45:10 am »
AMI currently insure my urquattro for $25k and won't increase until I get an official valuation.

Offline robh

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Re: Insurance Valuation - Classic Audi Club
« Reply #17 on: June 21, 2017, 10:28:01 am »
AMI currently insure my urquattro for $25k and won't increase until I get an official valuation.

Mainstream insurance is hopeless for anything old that isn't a V8.

Try https://www.swanninsurance.co.nz/insurance/Pages/Classic-Car.aspx

They do agreed value insurance for cars that aren't daily drivers, and you get salvage rights to vehicle if anything happens to it.  A lot of mainstream insurers won't give you salvage rights without a fight.

A car like yours could be easily written off but be simply repairable by yourself.
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Offline RRURQ

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Re: Insurance Valuation - Classic Audi Club
« Reply #18 on: June 21, 2017, 04:46:17 pm »
I recently got my RR valued by Audi club in UK and came back at 80k NZD so now have agreed value with AMI classic insurance. Sounds like they quoted urq not Coupe
« Last Edit: June 21, 2017, 04:50:47 pm by RRURQ »

Offline slowburn

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Re: Insurance Valuation - Classic Audi Club
« Reply #19 on: June 21, 2017, 06:23:18 pm »
Mines insured to the hilt with AA agreed value of 16k that I thought was pretty damn good,theft,crash,fire and contents

she doesn't look amazing but has a few certified upgrades and is mechanically sound. I'd drive her anywhere and usually do.
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Offline Audi do

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Re: Insurance Valuation - Classic Audi Club
« Reply #20 on: June 21, 2017, 09:02:03 pm »
$26,000 or $2,600?
If a NZ insurance company is saying $26,000 for an N/A quattro coupe they have quoted you for a turbo.
I was quoted $26,000, I asked if they would insure the car if it had a turbo engine fitted and they said they do it on a case by case basis.

Offline VW'n

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Re: Insurance Valuation - Classic Audi Club
« Reply #21 on: June 24, 2017, 06:47:00 pm »
I have recintly switched to http://www.classiccover.co.nz
For the Mk2 full cover wasn't much more then 3rd party with ami.
Not sure what they are like come claim time but the policy seems suited to enthusiasts.
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Offline Pristle

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Re: Insurance Valuation - Classic Audi Club
« Reply #22 on: June 25, 2017, 12:51:16 pm »
Here is a link to the valuation you can get if you join the Audi Classic Car Club https://www.dropbox.com/s/xmz5u764qxl3dsq/Al%20Lowe%20.pdf?dl=0

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Offline GlenT

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Re: Insurance Valuation - Classic Audi Club
« Reply #23 on: October 25, 2017, 01:15:28 pm »
I have my Ur valued at NZ$55k. The premiums through AMI are $677 annually.
What are others paying from different insurers? Thinking it maybe worth trying a stand alone classic car insurer.
I cover a small handful of miles per year (usually only the drive to obtain a WoF).

Offline RRURQ

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Re: Insurance Valuation - Classic Audi Club
« Reply #24 on: October 25, 2017, 06:05:22 pm »
I have classic policy with AMI and insured for $80,000 and costs $311 per annum.

Offline GlenT

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Re: Insurance Valuation - Classic Audi Club
« Reply #25 on: October 26, 2017, 09:30:50 am »
I have classic policy with AMI and insured for $80,000 and costs $311 per annum.
Interesting. I shall see if they're prepared to sharpen their pencil as I thought my premium was rather high.
We have all of our insurance through AMI.
Thanks for that.

Offline le mans

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Re: Insurance Valuation - Classic Audi Club
« Reply #26 on: October 26, 2017, 01:51:57 pm »
I enquired about Classic cover for the RS2 through AMI and from memory they asked if the car would be used more than once per month, which I said in general, yes as I usually try to get it out every couple of weeks. So it's under a normal comprehensive policy and costing me about $720 pa in Auckland (which tends to have higher premiums than other places).
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Offline GlenT

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Re: Insurance Valuation - Classic Audi Club
« Reply #27 on: October 26, 2017, 02:03:05 pm »
Spoke to AMI today and they say now that they have new underwriters the policies have changed. "classic" now means pre 1970 rather than the previous 30 years old. Plus they have far more strict conditions such as it has to be a "limited" edition. I probed as to what "limited" entailed, and apparently it needs to have "limited edition" in it's description. Sounds pretty iffy to me.
My Ur is an 1987 so would've just come in under the old metrics.
They now forward this type of cover direct to Swann Insurance, so I'm waiting on a call from them with a quote.
So RRURQ, do not cancel your policy with AMI as from what they are now saying it wouldn't be renewed as a classic.

Offline VW'n

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Re: Insurance Valuation - Classic Audi Club
« Reply #28 on: October 26, 2017, 04:39:14 pm »
Spoke to AMI today and they say now that they have new underwriters the policies have changed. "classic" now means pre 1970 rather than the previous 30 years old. Plus they have far more strict conditions such as it has to be a "limited" edition. I probed as to what "limited" entailed, and apparently it needs to have "limited edition" in it's description. Sounds pretty iffy to me.
My Ur is an 1987 so would've just come in under the old metrics.
They now forward this type of cover direct to Swann Insurance, so I'm waiting on a call from them with a quote.
So RRURQ, do not cancel your policy with AMI as from what they are now saying it wouldn't be renewed as a classic.

Have you tryed these guys?
http://www.classiccover.co.nz
06 B6 Passat Wagon 2L Turbo (Family Wagon)
87 Mk2 Golf silver (the toy)
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86 Mk2 Golf red (sold)
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85 Mk2 Golf GTI silver (parted)

Offline RRURQ

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Re: Insurance Valuation - Classic Audi Club
« Reply #29 on: October 26, 2017, 05:54:14 pm »
Spoke to AMI today and they say now that they have new underwriters the policies have changed. "classic" now means pre 1970 rather than the previous 30 years old. Plus they have far more strict conditions such as it has to be a "limited" edition. I probed as to what "limited" entailed, and apparently it needs to have "limited edition" in it's description. Sounds pretty iffy to me.
My Ur is an 1987 so would've just come in under the old metrics.
They now forward this type of cover direct to Swann Insurance, so I'm waiting on a call from them with a quote.
So RRURQ, do not cancel your policy with AMI as from what they are now saying it wouldn't be renewed as a classic.
Thanks thatís good to know, seems I have a pretty good deal.