Would I lose out massively?

[jamie_pyrite]

Hi all, so I have an immaculate '92 1.8 driver with 46k on the clock. It's a complete minter and all original and cost me £1450. When buying my insurance with Norwich Union Direct, I put down that price on the form..

Just wondering, if I did have a crash and had it written off would I get screwed over and just get a couple of hundred back for it? Like would they just go off the current book price regardless of condition/milage, etc. or would they take into consideration how amazingly good condition it is and give me around what I paid for it?

I didn't take an agreed value out on it because it would have been too expensive at 18 I was told.


So would I be getting screwed over or do I stand a chance?

[Tom H]

I would say take lots of photos and keep recipts to prove the cars value - it won't be 100% but it will help you fight your corner if the worst happens. Also maybe save autotrader ads and things if you see similar cars - as it's rare to have such a low milage this will again help your case if you need to argue. I think the only gaurenteed way though is with aggreed valuation. I thought it was about £15 flat charge though - didn't realise it was age dependant?

Edit: Just saw your project thread - that's amazing clean motor mate, Good find!

[jamie_pyrite]

Thanks for the reply mate (And for the car comment!)

I would have thought that although it costs £15 for the agreed value, it would also put your insurance up? I might actually phone up Norwich Union tomorrow and ask them if they're able to put an agreed value on my insurance and I'll just pay them the £15

Taken alot of photos but they're mainly artsy photos. Going to get some details photos of the engine bay, arches, body work, sills, under the car, boot, etc. just to have enough evidence.

I've thought about finding other 1.8 drivers my condition to show what price they go for.. But I can't find any!

[boneybradley]

you will get book value... and agreed value wont put your insurance up (allthough you must take this out normally within 30days of policy starting)

[Mikester]

They will try and give you book value, but you can argue it but they wont be happy with paying what you think its worth, unless you can prove you COULD have sold it for that. But it will take ages and be loads of hassel.......