Mountain chip insurance

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Mountain chip insurance

Postby nicowalker1 » Thu 08.01.2015, 13:31

Im in the process of re insuring

I have asked for a price with and without the chip installed

I quoted approx bhp to be 200, does this sound reasonable?
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Re: Mountain chip insurance

Postby GeoffSmith » Thu 08.01.2015, 13:34

Calypso Red S2 #417

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http://ElanScanInterfaces.onmypc.net
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Re: Mountain chip insurance

Postby nicowalker1 » Thu 08.01.2015, 15:02

Non yet, I'm wanting to weigh up the increase in insurance. Id be going for the v5 switcher
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Re: Mountain chip insurance

Postby nicowalker1 » Thu 08.01.2015, 15:03

Looking at those charts, 200bhp is about right...
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Re: Mountain chip insurance

Postby Rambo » Thu 08.01.2015, 20:08

Mine doesn't cost any more to insure with the chip than without it :shock:

I think AlanESM reckons the Everest can add about an extra 35 BHP taking it from 165 to 200 BHP
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Re: Mountain chip insurance

Postby Fredjohn » Fri 09.01.2015, 10:36

Likewise. I declared the chip, told them how much extra bhp it gave, and because the gain was within a certain %, the premium was unaffected.
So I refitted the chip and carried on :burnout:
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Re: Mountain chip insurance

Postby ovi » Fri 09.01.2015, 12:21

You should not want to be holier than the Pope! :?
Just install and and be quiet. :wink:
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Re: Mountain chip insurance

Postby dapinky » Fri 09.01.2015, 12:44

I declared all the 'changes' to my car (some upgrades, some just differences) - they were needed to reflect the agreed value, but the premium wasn't affected.

I believe that if you're honest, they see that as a good thing, and don't hit you for it. Trying to hide stuff just gives them an excuse to argue in the event of a claim.

With the sort of power gains expected from a chip being relatively minor, I don't see a big issue - if you were doubling the power, then it may do, unless you also do the brakes and suspension, but by listing sensible things at the same time (roll bars, electric boot release, uprated lights etc) it demonstrates a level of responsibility on the part of the owner, which equates to you being a person who is less likely to have an 'at fault' claim.

Especially if you list the advantages of the chip (when coupled with the appropriate EPROM & O2 sensor) as increasing engine efficiency / fuel consumption by 10-15%.
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Re: Mountain chip insurance

Postby rip » Fri 09.01.2015, 15:59

I have read (on here somewhere) that upgrading the brakes can increase your premium.
Most of us would regard this as upgrading something that is not sub-standard to start with but their theory is that if you upgrade the brakes, you are likely to drive it more aggressively. I can understand the logic with that.

In the event of an accident, your car will be inspected by one of the insurance company's assessors. I guess most will not even know what an Elan is let alone spot anything non-standard.
Better be safe & declare all mods though.
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Re: Mountain chip insurance

Postby daveiow » Fri 09.01.2015, 16:46

I think honesty is the best policy.
I declared the HiSpec's at my last renewal with Carol Nash and they were happy with no increase in premium.
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Re: Mountain chip insurance

Postby nicowalker1 » Fri 09.01.2015, 21:51

Cheers for the input!

I would always declare all mods, its not worth the hassel. By the sounds of it the chip shouldnt be big issue in cost so looks like I may be investing in a few more horsepower :burnout:
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Re: Mountain chip insurance

Postby Rambo » Sat 10.01.2015, 22:43

Personally I think its the biggest bang for buck you can do to the M100 :burnout:
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Re: Mountain chip insurance

Postby lotos » Sun 11.01.2015, 17:33

Just curious - how would an insurance adjuster ever know it has the Everest chip installed in the event of a claim?
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Re: Mountain chip insurance

Postby nicowalker1 » Sun 11.01.2015, 21:17

Just got the quotes back from Peter James

£227 without the chip
£287 with

£100 excess, unlimited miles.
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Re: Mountain chip insurance

Postby tweetdriver63 » Sun 11.01.2015, 21:30

lotos wrote:Just curious - how would an insurance adjuster ever know it has the Everest chip installed in the event of a claim?


I was thinking the same thing. I would also say, to anybody who has upgraded the brakes and is finding out they want to increase the premiums because of that, tell your insurer that you can re-fit the OEM brakes, but you didn't upgrade them so you could drive more aggressively. You upgraded them so you could stay out of the boot of the car in front of you!

I would relate to them the 5-6 times I had to leave the roadway to avoid hitting the vehicle ahead of me, not because I was driving aggressively, but because the shitty OEM brakes weren't capable of stopping the car in a reasonable distance, and that was with the best rotors and pads I could buy!

This whole thread has reminded me that I need to contact my insurer and do a check to see if I have sufficient coverage. I don't know what value they have put on the car, and normal sites (kbb, edmunds, etc) don't list it either.
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Re: Mountain chip insurance

Postby Ian T » Mon 12.01.2015, 21:05

nicowalker1 wrote:Just got the quotes back from Peter James

£227 without the chip
£287 with

£100 excess, unlimited miles.


Thanks for sharing those. :)

About double what I am paying, but I'm about 13 years older and have a 3k mileage limit on my car reflecting the fact I can't use it enough to warrant the unlimited mileage policy. Interesting that PJ loads for the chip when some obviously don't and that will have me thinking about whether to do it or not. At the moment I am content with the standard car's performance, but would like to upgrade the brakes, or at least have a concerted effort to improve them as they aren't up to the same performance as my 54 plate Astra or 52 plate Focus both with broadly similar dimension rotors. Broadly similar being an assessment from about a foot away, without the use of measuring tools, the Astra [80hp diesel] at least has probably got bigger rotors. ;)

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Re: Mountain chip insurance

Postby dapinky » Mon 12.01.2015, 23:12

Ian T wrote: Interesting that PJ loads for the chip when some obviously don't and that will have me thinking about whether to do it or not.

Don't forget, Peter James is only the broker, NOT the insurer - it isn't them that will load the policy (I'm insured through them, with KGB, and all mods declared on all cars - no loading....... and they even cover the rally car on the same policy - their arguement being that as an ex-works car it hasn't actually been modified from its factory spec 8)


Ian T wrote: the Astra [80hp diesel] at least has probably got bigger rotors. ;)

...and twice the weight to stop!
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Re: Mountain chip insurance

Postby rip » Tue 13.01.2015, 10:06

Ian T wrote:About double what I am paying, but I'm about 13 years older and have a 3k mileage limit on my car.

Postcode makes a big difference too.
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