When my A4 was written off a few years back, the payment was based on similar cars on sale, at that time, in Auto Trader. I got the figure raised by way of low mileage, and extras
Whilst I was not happy, as I'd had it from new (only new car. I have ever owned).
That'd be what an agreed value would be based on surely?
Mac.

 

It's a very difficult question. We buy any car do dah just offered me a grand for my 225 Quattro which i guess is it's trade value. I only pay £200 a year insurance for that.
I'd imagine yours is worth at least £10 k
So in your case I'd get agreed value insurance. Like anything else you get what you pay for.

 

Hi, I use L&V for all my cars & classic agreed value on the XR3 for £15K is £120. Only 6 current photos required. Raising it to £25k in Sept.
GAP insurance is no good for classic high value vehicles.
Hoggy.

 

And they say it's grim up norrf lol.
Fantastic prices Hoggy. I tried A F last year and they wanted double what i pay.
Happened to me many years ago when some berk wrote my car off.
Got a very low settlement figure. I came back with find me a car with that mileage, and service history for what you offered me and I'll except it.
They paid what i asked 😁

 

I use Performance Direct as a broker and they offer an agreed valuation. I paid just under £4K for my 2001 225 at the start of 2021 which I admit was too much, but to buy another TT in the same condition, lower than average mileage, etc.. would cost, in my opinion, around £3800. I explained this to the broker and after sending them some supporting information and a handful of pictures I was able to get an agreed valuation of £3800! Admittedly, that won't cover what I paid for the car or what I've spent on it since but I consider my car to be a hobby much like golfing, skiing, etc. so I know I will never get that money back but that's fine.

So considering the rarity of your car and the premium they attract it shouldn't be too hard to get an agreed valuation more in line with its actual value. Lots of naysayers on the site said I'd never get an agreed valuation but I found it relatively straightforward and with a bit of work on your side very achievable. I did note on the paperwork that I completed that if you want a valuation over £10K you do need to get additional validation but as I was under £10K that wasn't needed. I hope this helps mate.

 

I have an agreed value on my qS of £16k with Aplan insurance but mine has only covered 24k

 

Hi guys....thanks for the info....I will try L&V, Performance DIrect and Aplan.....

I assume the excess you pay is 'normal'....by that I mean between 50 and 150 per claim.....Adrian Flux are saying the 410 excess is compulsory...this seems way too high. As I have 16 years NCD I was hoping for a more normal excess lol

 

Try Lancaster for a quote as well, I’ve had agreed value policies with them for many years.

 

I am trying these companies now and its a real task as its all over the phone. And the prices are double what I normally pay!

I do see the point Stustt made....you can up the car value suggested on the comparison sites so its not like you have not told them the value. And its true enough that it wont be hard to point out that if they can get a QS for a crazy low price then you could ask them prove it. It would be hard to argue against the marketplace itself. It would be a stressful thing though to go through I guess...dealing with insurance claims is never straightforwards.

 

From my view point after working in car insurance claims department I say GAP insurance a waste of time unless the car is brand new and want to go out and buy another brandnew one if ever declared a total loss. The official line in the business is "We put you back in the same financial position as the time before loss". GAP insurance companies also cause more stress in my opionon.
You will always get current market value minus your excess unless waived. Auto trader can be used but most insurance companies actuall use guides like Parkers and CAP/HPI. If you dispute you usually asked to send in examples or a 3 guide review will be done.
Insider knowledge here: LV typically known to give more in event of a TL than most other insurers.

This is for standard insurance of course not agreed value

 

I would like to know if insurance companies with agreed valuation move the write off bar? So say its £2000 repairs for a £6k with and agreed valuation of £16k will they just do the repairs? Even though 90% of the other cats would just be written off? And how will they colour match seats, dash, door cards, panels etc..(from age / natural fade)

 

That's a very good point. Agreed value is worth less, unless the write of threshold is raised too. My preference would be a a policy that only wrote the car off if it sufferered structural damage, or the repair costs exceeded 75% of the agreed value, oh, and my choice of repairer.
Mac.

 

In the end I went with A Plan. They were super helpful and I have now have a policy that in the event of a total loss will be using settled using a value derived from the marketplace and not a book. Plus it will pay out 25% more than the market value (this is an extra cost option) so it will help if you cannot get another QS at the exact settlement value. In addition they noted any non standard parts (I have grooved and drilled brembo discs and pads). I am also planning to put a set of silicone hoses on (had one split - they are 16 years old mind) and I do have a K&N air filter. These are noted as well. The cost overall was about £130 more than a standard policy and its held with a specialist insurer,

Interestingly....when I asked a couple of the regular insurers it seems that any non standard parts such as my (standard size, direct replacement) brembo discs and pads (even though they do not enhance engine power / performance) are considered a modification and you would not be insured! Its worth bearing that point in mind .... lets face it.... any insurance company will be doing whatever it can to get out of paying up .... so if you do not declare that go faster stripe or those hanging fluffy dice ... beware lol