VASK Forum (VW Audi SportKlub of NZ)

AUDI => 80 - 90 - Coupe - quattro - S2 - RS 2 => Topic started by: WRURQ on March 10, 2017, 11:49:24 AM

Title: Insurance Valuation - Classic Audi Club
Post by: WRURQ on March 10, 2017, 11:49:24 AM
Just got my official valuation back for insurance purposes, 45,000 UK pounds or 80,000 NZ $. Suggest anyone with a quattro looks to update insurance as prices are climbing in the UK now and available RR's are few.

Title: Re: Insurance Valuation - Classic Audi Club
Post by: RobClubley on March 10, 2017, 11:59:04 AM
Wow! Who did the valuation?
Title: Re: Insurance Valuation - Classic Audi Club
Post by: le mans on March 10, 2017, 12:04:09 PM
Ditto. Need my RS2 valued for insurance.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: brian on March 10, 2017, 12:46:21 PM
Quote from: RobClubley on March 10, 2017, 11:59:04 AM
Wow! Who did the valuation?

There's a target for your spend :laugh:
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RobClubley on March 10, 2017, 12:48:48 PM
Quote from: brian on March 10, 2017, 12:46:21 PM
There's a target for your spend :laugh:

I think it'll reach $40k.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ on March 10, 2017, 12:55:09 PM
Quote from: RobClubley on March 10, 2017, 11:59:04 AM
Wow! Who did the valuation?

Alistair Cox
Club Chairman
www.classic-audi.co.uk

If you are a member they provide formal recognised valuations.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RobClubley on March 10, 2017, 01:09:30 PM
URL should be
www.classic-audi.co.uk

$14 for a lifetime membership - bargain :D
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RS ZWEI on March 10, 2017, 01:11:42 PM
Quote from: le mans on March 10, 2017, 12:04:09 PM
Ditto. Need my RS2 valued for insurance.

Ive got my RS2 insured for 35K. Might be a bit light?
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RobClubley on March 10, 2017, 03:44:28 PM
I reckon that is a bit light.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ on March 10, 2017, 04:30:47 PM
Yes me too..... especially in that colour
Title: Re: Insurance Valuation - Classic Audi Club
Post by: FFS on March 10, 2017, 05:07:59 PM
Quote from: brian on March 10, 2017, 12:46:21 PM
There's a target for your spend :laugh:

Lol! You can't stop now Rob.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: Audidude on March 10, 2017, 06:59:53 PM
I've just updated mine to $50000.
Looking a bit light?
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ on March 10, 2017, 07:06:35 PM
Yes by about $30k if my valuation is anything to go by.... I though my premium might also jump accordingly but only went up by $35 so pleased with that...
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ on March 10, 2017, 07:14:50 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
Title: Re: Insurance Valuation - Classic Audi Club
Post by: Audi do on June 20, 2017, 11:10:39 PM
I asked my insurance company what the book value of my 86 coupe quattro is worth, they said $26000.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RS ZWEI on June 21, 2017, 09:40:16 AM
Quote from: Audi do on June 20, 2017, 11:10:39 PM
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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RobClubley 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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: robh on June 21, 2017, 10:28:01 AM
Quote from: RobClubley 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.

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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ 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
Title: Re: Insurance Valuation - Classic Audi Club
Post by: slowburn 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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: Audi do on June 21, 2017, 09:02:03 PM
Quote from: RS ZWEI on June 21, 2017, 09:40:16 AM
$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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: VW'n 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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: Pristle on June 25, 2017, 12:51:16 PM
Quote from: RRURQ on March 10, 2017, 07:14:50 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

Leisure Suit Larry??


EDIT: for the uninformed, google the name Al Lowe.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: GlenT 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).
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ on October 25, 2017, 06:05:22 PM
I have classic policy with AMI and insured for $80,000 and costs $311 per annum.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: GlenT on October 26, 2017, 09:30:50 AM
Quote from: RRURQ on October 25, 2017, 06:05:22 PM
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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: le mans 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).
Title: Re: Insurance Valuation - Classic Audi Club
Post by: GlenT 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.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: VW'n on October 26, 2017, 04:39:14 PM
Quote from: GlenT 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.

Have you tryed these guys?
http://www.classiccover.co.nz
Title: Re: Insurance Valuation - Classic Audi Club
Post by: WRURQ on October 26, 2017, 05:54:14 PM
Quote from: GlenT 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.
Thanks that?s good to know, seems I have a pretty good deal.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: GlenT on October 31, 2017, 04:54:56 PM
Quote from: RRURQ on October 26, 2017, 05:54:14 PM
Thanks that?s good to know, seems I have a pretty good deal.
I filled in their online quotation form and it came back at a very reasonable price.
Will get in touch with them to get a proper quote, as I'm sure they will need far more details.
Thanks.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: John Stone on October 31, 2017, 09:30:30 PM
I've had the quattro with Swann Insurance for quite a few years and with motorsport cover too.
I made one claim after an oops moment at Hampton Downs some years back, nothing changed, still insured with them.
Rate them very highly.
Title: Re: Insurance Valuation - Classic Audi Club
Post by: RobClubley on January 18, 2018, 12:38:05 PM
Classic Audi club don't do them any more for fear of legal repercussions.

I got mine valued by Roy McGuinness of McGuinness Classics, valued at $45k
It added $78 a year to my insurance - worth it to bump up from $25k!!
Title: Re: Insurance Valuation - Classic Audi Club
Post by: weta.worker on January 20, 2018, 12:21:37 PM
Quote from: RobClubley on January 18, 2018, 12:38:05 PM
Classic Audi club don't do them any more for fear of legal repercussions.

I got mine valued by Roy McGuinness of McGuinness Classics, valued at $45k
It added $78 a year to my insurance - worth it to bump up from $25k!!

Nice!  Just emailed them to organise a valuation for the RS2.  :)