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Wales
by Joske Vermeule, September 1
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Forums39
Topics49,896
Posts837,974
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Most Online1,063
Jun 14th, 2026
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Joined: Jun 2015
Posts: 2,095 Likes: 75
Talk Morgan Expert
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Talk Morgan Expert
Joined: Jun 2015
Posts: 2,095 Likes: 75 |
This is where the crunch comes when comparing Morgan insurance. “Agreed value” is bound to attract much higher premiums than traditional fully comprehensive. I am guessing that those who insure with the likes of LV, Admiral etc do not have agreed value. That’s fine; you get what you pay for but many sleep better at night knowing that if their pride and joy is written off, they will get a fixed sum, which may well be far more than what an insurance company would otherwise offer. Just look at the current depreciation on CX cars! My current agreed value is more than I paid new for the car, 12 years ago! One other effect on insurance costs is your postcode. A friend of mine who only lives a couple of miles away, but in a very upmarket area can never match my quotes for similar cars, age and driving history. Apples and pears, as they say.
Doug
2011 Plus 4 in Rich Maroon
1972 750 “ComDom” sprinter
1958 Triton 650
1992 Triumph Trophy 900
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Joined: Nov 2015
Posts: 8,692 Likes: 498
Just barreling along Needs to Get Out More!
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Just barreling along Needs to Get Out More!
Joined: Nov 2015
Posts: 8,692 Likes: 498 |
The big market players like LV, Admiral, etc will knock you big time if the car is written off, our daughters car was crushed by a falling tree and written off, the payout was derisory despite me intervening with some legal weasel words and proof of value - they wouldn't budge
Caveat Emptor !
Jon M
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Joined: Aug 2019
Posts: 793 Likes: 144
Talk Morgan Regular
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Talk Morgan Regular
Joined: Aug 2019
Posts: 793 Likes: 144 |
Financial Ombundsman Service?
Chris
2015 Plus 4 Silverlake Blue
(2014 3.7 Roadster Crystal Blue)
(2012 4/4 Sport Black)
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Joined: Mar 2009
Posts: 11,535 Likes: 321
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,535 Likes: 321 |
Given that some of the models prices have gone up do be careful of being "under valued" if you go down the agreed value path. If the value of the car has gone up they will say you have been unpaying as an excuse to get out of the contract.
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: May 2022
Posts: 101 Likes: 5
L - Learner Plates On
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L - Learner Plates On
Joined: May 2022
Posts: 101 Likes: 5 |
I would be really interested to know what kind of premiums Plus Four owners are being charged. I've had a quote of £715 with a 3000 mile restriction from Gott & Wynn through ERS for a 2023. This seems on the high side to me. ERS is the same company my 4/4 is insured with.
Thanks, Paul Just about to renew mine. G&W quoted £655.00. Cheapest quote I have had is via Ageas at £485.00. Having reviewed the policy details however, I will re-insure via G&W as the level of cover is so much more comprehensive and at a premium addition of £170.00 relative to the new value of the car, worth paying for IMHO.
Andy
2022 Plus Four / San Marino Blue
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Joined: May 2014
Posts: 5,442 Likes: 133
Black Rat Charter Member
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Black Rat Charter Member
Joined: May 2014
Posts: 5,442 Likes: 133 |
My renewal with LV multi car + 4 and Fiesta ST, UP 25% to £609.89. I don't think so, Ageas £223 for the Morgan and RAC £225 for the ST. So £448 for the pair.
Keith
2013 narrow bodied + 4 Ruby.
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