Insuring a car that had the motor changed to a V8.

[pieeyed]

Does anyone have any experience with insuring a car after a motor change from a V6 to a 4.0 liter V8? I was looking at a car that has the motor changed to a Toyota 1UZFE 4.0 liter V8. Was wondering is it even possible or would one have to pay a large sum of money because the engine is over 3.0 liters. The car is a 1996 BMW 525ia. Thanks in advance.

[Kwasaki]

The Gov compulsory insurance will be cheap. 

 

Seriously if the book is all in order with correct chassis & engine numbers what l would do is get some quotes, plenty of ins companies to enquire online to. 

[tomtaylor1]

Hi All, my Mazda RX8 has a 2 liter turbo charged engine, showed the book to my insurance company, they said you only have insurance no 3, so no problem. The Viriya insurance.

Regards Tom

[Pdaz]

Think you may find it hard to get first class insurance on a vehicle older than 10 years. If you just want third party it shouldn't be a problem. 

[C5VETTE]

No problem to get 1st class insurance on an old car. I have it on a 36 year old.

[Naam]

1 minute ago, C5VETTE said:

No problem to get 1st class insurance on an old car. I have it on a 36 year old.

 

AA brokers in Pattaya said not possible when i tried to get insurance on my BMW 850 (1991) and my Jaguar E-Type (1969). please be kind enough and reveal your secret "how to".

[C5VETTE]

My wife called 3 insurance companies and they all said no problem so there is no secret.

[Naam]

12 minutes ago, C5VETTE said:

My wife called 3 insurance companies and they all said no problem so there is no secret.

 

so i take the word of your wife and consider the information from a well renowned insurance broker with whom i insure my cars since 11 years as wrong? please have mercy mate!  

[seedy]

Nonsense Post Removed. Reply with info that it can be done, and then fail to provide backup info - is Rude at the minimum. If you do not want to participate in the discussion, better to post nothing.

 

Forum Rule - 9) You will not post inflammatory messages on the forum, or attempt to disrupt discussions to upset its participants, or trolling. Trolling can be defined as the act of purposefully antagonizing other people on the internet by posting controversial, inflammatory, irrelevant or off-topic messages with the primary intent of provoking other users into an emotional response or to generally disrupt normal on-topic discussion.
 

[C5VETTE]

There is no secret, we called 3 insurance company and they said no problem. 

I also been told in the past when I started to look for a "classic car" that it is impossible but was told by previous owner of my car that he had 1st class insurance. So therefore we called 3 companies for quotes and they said no problem.

 

Maybe the secret is to check with more than one source.

 

Also could be depending on how your car is registered. If it is a "grey import" with changed VIN then I could guess it could be hard.

[gdgbb]

57 minutes ago, C5VETTE said:

My wife called 3 insurance companies and they all said no problem so there is no secret.

 

Naming just one of them would be helpful, don't you think?

[Pdaz]

It may well be possible. But both my BMW (42 yrs old) and my Audi (16 yrs old) were officially imported cars from the main dealer. I checked with several insurance companies both Thai and Foreign but had the same reply. I did think it silly but their attitute was cars are old and parts are hard to find so third party is all we offer. Don't know what a rich Thai with a classic Porsch or Lambo does ? So maybe specialist insurance is available at a price ?

[C5VETTE]

40 minutes ago, gdgbb said:

 

Naming just one of them would be helpful, don't you think?

 

Sri Ayudhya Insurance

Viriya Insurance

Don't remember 3rd

 

Went with Sri Ayudhya.

 

They had mentioned to wife that it the car was 1st class from beginning then you could continue to get it when the car get's older.

Only thing is that you don't get full value for your car. You get the normal 1st class coverage for 3rd party etc. And it's not cheap.

 

Also been told that the max coverage for any car is 5 milj baht so that's what a new Ferrari etc is insured for. Don't know if this is correct though.

 

[Naam]

3 minutes ago, C5VETTE said:

You get the normal 1st class coverage for 3rd party etc.

 

of course every insurance provides 3rd party liability with different options for any car. but what we are talking is 1st class comprehensive cover for potential damage (accident, fire, theft or whatever) of a vintage car valued at a fistful million Baht or more. insuring a new car is not a problem even 20 million.

[C5VETTE]

The insurance I got is full 1st class coverage including accident, fire, theft etc.

The only thing they deducted due to the age of the car was the value of my car which they reduced to a bit lower than half.

I'm happy with that. I can afford to loose my car but don't like to end up cost for others etc.

If you look at their web site they call it Plan 1.

 

They also offered Plan 2+ at a lower cost but it pay less for both my car and 3rd party etc.

[C5VETTE]

Porsche 928

[C5VETTE]

2 minutes ago, transam said:

Coooooooooooool..

It has a V8 

[Naam]

34 minutes ago, transam said:

I know.........Double cooooooooooool...

 

928 = best car and most comfortable car i ever owned (1978 till 1989). drove it only when spending holiday time in Germany. no starting problems even when jacked up in my garage for six months (battery 120 AH).

[Naam]

50 minutes ago, C5VETTE said:

Porsche 928

[Naam]

2 minutes ago, Naam said:

battery 120 AH

psst... shhh... please don't tell anybody that after 2½ years i detected by chance the location of the battery

[C5VETTE]

1 minute ago, Naam said:

psst... shhh... please don't tell anybody that after 2½ years i detected by chance the location of the battery

Yes it's well hidden, need to have some muscles to get the spare wheel out first which usually is pretty stuck in it's space.

[pieeyed]

Thanks everyone for the replies and experiences so far. I think 3rd class insurance would probably be good enough for this set of wheels.

[henry15]

11 hours ago, Naam said:

 

so i take the word of your wife and consider the information from a well renowned insurance broker with whom i insure my cars since 11 years as wrong? please have mercy mate!  

I have an 11 year old MU 7. I have an first class insurace with AXA. My broker is AA Insurance in Pattaya.

The secret. Is a 5000 Baht deductable. 24/7 road assistance is still included. When the car becomes 15 years old you can't have 24/7 road assistance anymore

[Naam]

5 minutes ago, henry15 said:

I have an 11 year old MU 7. I have an first class insurace with AXA. My broker is AA Insurance in Pattaya.

The secret. Is a 5000 Baht deductable. 24/7 road assistance is still included. When the car becomes 15 years old you can't have 24/7 road assistance anymore

Dude...

i was talking about vintage cars each worth several millions for which AA Pattaya couldn't get me insurance.

[bazza40]

1 hour ago, Naam said:

Dude...

i was talking about vintage cars each worth several millions for which AA Pattaya couldn't get me insurance.

They are only worth millions if you can get someone to pay it. Most classic/ vintage vehicles are overvalued by their owners.

Probably true for the E-type, but a 1991 Beemer?

[Naam]

17 minutes ago, bazza40 said:

They are only worth millions if you can get someone to pay it. Most classic/ vintage vehicles are overvalued by their owners.

Probably true for the E-type, but a 1991 Beemer?

 

there are 25 year old Beemer wrecks and 25 year old Beemers in top condition. some of these Beemers have toy engines under the hood, veeery few others have a BMW 12-cylinder twin turbo with 585HP under the hood. the latter sold for 3.2m

 

sometimes i miss this car

 

Edited August 29, 2016 by Naam

[overherebc]

Re changing the engine and insurance.

Does anyone have a clear idea of what paperwork has to be supplied with the car when you change the engine number in the blue book ?

Does this have to be supplied when you take the car for it's yearly 'MOT' check or, does the paperwork only have to be supplied when the car is sold and owners name changed ?

If the replacement engine is the same as the original, make, size, HP etc does that enter into the equation for registration at MOT time or is notifying the insurance enough? 

A couple of beer rounds are hanging on the answers.

[Don Mega]

6 minutes ago, overherebc said:

Re changing the engine and insurance.

Does anyone have a clear idea of what paperwork has to be supplied with the car when you change the engine number in the blue book ?

Does this have to be supplied when you take the car for it's yearly 'MOT' check or, does the paperwork only have to be supplied when the car is sold and owners name changed ?

If the replacement engine is the same as the original, make, size, HP etc does that enter into the equation for registration at MOT time or is notifying the insurance enough? 

A couple of beer rounds are hanging on the answers.

 

You will need the  invoice for the replacement engine and  possibly if imported that paperwork as well.

You should update book and inform insurance company of the new engine number as soon as possible.

 

 

Edited August 29, 2016 by Don Mega

[overherebc]

3 minutes ago, Don Mega said:

 

You will need the purchase invoice for the replacement engine.

You should update book and inform insurance company of the new engine number as soon as possible.

 

 

 

So you don't need copies of the donor blue book ?

[Don Mega]

Just now, overherebc said:

 

So you don't need copies of the donor blue book ?

To my knowledge no. only need invoice which must state engine number and VAT paid.

for imported engine would also need paperwork to show import taxes and duties have been paid.