[Supercharger]

Hi all,

I'm aware of the old thread on this, but encouraged to start a new one as the last post was >6 months ago.

So where are existing drivers of iX finding insurers to be most helpful? I'm not really interested in the lowest quote, more the most sensible cost of comprehensive cover with close to full gap cover.
The previous thread seemed to suggest that trackers were a prerequisite but my existing no claims deal with Direct Line for the model x has no similar requirement, but is >£1500 pa. I'm hoping to beat that!

Thanks in anticipation!

 

[IanH]

Hi all,

I'm aware of the old thread on this, but encouraged to start a new one as the last post was >6 months ago.

So where are existing drivers of iX finding insurers to be most helpful? I'm not really interested in the lowest quote, more the most sensible cost of comprehensive cover with close to full gap cover.
The previous thread seemed to suggest that trackers were a prerequisite but my existing no claims deal with Direct Line for the model x has no similar requirement, but is >£1500 pa. I'm hoping to beat that!

Thanks in anticipation!

When I was looking to insure mine in March Admiral was the cheapest. But as mine is a Company Car I was more limited to insurers, the best deal I got as a Company Car was Aviva.
All the insurers I contacted required a Category 5 tracker. This is the highest category and comes with a key fob that has to be in the car to drive it. This does mean that there is little value to the key card or mobile key options as I need the keyfob anyway!!

 

[electric_journey]

Hi all,

I'm aware of the old thread on this, but encouraged to start a new one as the last post was >6 months ago.

So where are existing drivers of iX finding insurers to be most helpful? I'm not really interested in the lowest quote, more the most sensible cost of comprehensive cover with close to full gap cover.
The previous thread seemed to suggest that trackers were a prerequisite but my existing no claims deal with Direct Line for the model x has no similar requirement, but is >£1500 pa. I'm hoping to beat that!

Thanks in anticipation!

@Supercharger I am with Direct Line. I don't have my car yet, but if the car is brand new and under 12 months old, they offer a brand new replacement.

Bizarrely, I had a Hyundai Ioniq EV with them before, and the quote for an iX40 is just 10% more a year than the slower and cheaper Ioniq!

 

[Ordinaryjoe]

Whilst researching trackers I noticed that some claim to be specifically for EVs. Are they any to stay away from or recommended?

Does anyone know if BMW fit an insurance approved version ?

 

[IanH]

Whilst researching trackers I noticed that some claim to be specifically for EVs. Are they any to stay away from or recommended?

Does anyone know if BMW fit an insurance approved version ?

UK BMW dealers offer the Trackstar CAT5 trackers. These are recognised by the insurers.

 

[Supercharger]

Thanks for the info chaps.
Sounds like the tracker is a prerequisite: I'll get on with it now!
Thanks again - this is a super helpful community... A lot like Tesla used to be in the old days.

 

[Ordinaryjoe]

UK BMW dealers offer the Trackstar CAT5 trackers. These are recognised by the insurers.

Thank you, very helpful.

I just googled them, blimey they’re expensive!

I have insurance approved trackers on three of my motorbikes and none were anywhere near that price.

 

[Paladin1]

The iX comes with the ability for BMW to track and report it if stolen. My insurance in the US accepted this (not mandatory but I get a discount). Don't know if this is applicable in the EU though - certainly worth checking. I can't imagine there is something beyond being able to track the location of the car and report it to the police as a requirement for any tracking application.

 

[IanH]

The iX comes with the ability for BMW to track and report it if stolen. My insurance in the US accepted this (not mandatory but I get a discount). Don't know if this is applicable in the EU though - certainly worth checking. I can't imagine there is something beyond being able to track the location of the car and report it to the police as a requirement for any tracking application.

In the UK there is an organisation called Thatcham that tests and certified car security systems (among other things), it is partially funded by the insurance industry. For any security system to be recognised by insurers it must be Thatcham Approved. Most insurers require a category 5 tracker. This also includes a radio fob that the tracker recognises. If the vehicle moves without the fob being present then the tracking system is triggered regardless if the car is alarming. Again, for insurance recognition, the tracking system must include a monitoring service, so you not only have to buy the tracker, but also subscribe to the monitoring service. Overall it’s quite a costly system (circa £500 for the tracker and around £100 per year for the monitoring). But the insurers have you over a barrel. Either they won’t insure or they load the premium heavily.

 

[RobWood]

I am with Bell (part of Admiral Group). Circa £700 pa with full no claims. No claims experience so can't comment on how well they handle that. Was a straight transfer over from a previous car.

 

[RobWood]

I am with Bell (part of Admiral Group). Circa £700 pa with full no claims. No claims experience so can't comment on how well they handle that. Was a straight transfer over from a previous car.

And just to add - this post prompted me to check the definition of "tracker" with Bell and I have just confirmed that the requirement for a "tracker" is satisfied via the My BMW App and it's ability to locate the vehicle. No Thatcham required.

 

[IanH]

And just to add - this post prompted me to check the definition of "tracker" with Bell and I have just confirmed that the requirement for a "tracker" is satisfied via the My BMW App and it's ability to locate the vehicle. No Thatcham required.

That is good news. My insurers insisted on this Cat 5 tracker.

 

[estate]

Still waiting on delivery for mine (a month late now, might get it in a few weeks), and hadn't gotten round to looking into insurance yet. I didn't even know trackers were a thing. Very glad to hear the built-in tracking is good enough for insurance. My other car is with Admiral so hopefully I can get a deal.

 

[RobWood]

Still waiting on delivery for mine (a month late now, might get it in a few weeks), and hadn't gotten round to looking into insurance yet. I didn't even know trackers were a thing. Very glad to hear the built-in tracking is good enough for insurance. My other car is with Admiral so hopefully I can get a deal.

It was considerably cheaper and the conditions were less onerous to transfer my existing policy than to start a new one - hopefully you will find the same. Re the tracker, I ensured that my phone call confirming was recorded just to make sure no comeback if the worst happened.

 

[swally_style]

Still waiting on delivery for mine (a month late now, might get it in a few weeks), and hadn't gotten round to looking into insurance yet. I didn't even know trackers were a thing. Very glad to hear the built-in tracking is good enough for insurance. My other car is with Admiral so hopefully I can get a deal.

Admiral require BMW Trackstar fitted - certainly on the xdrive 50. This seems to be a prerequisite on anything over £90k list now.

 

[Supercharger]

Thanks again to all who contributed here, updating my outcome for reference if anyone finds it useful.

Direct Line will continue to be the insurance provider, but will only cover theft once we've provided evidence that an S5 or S7 Trackstar tracker has been fitted. Vertu BMW are organising that for me ahead of delivery in the next couple of weeks (£750 for three year subscription) and annual insurance is negotiated back to £1,350 for the year. I'd hoped to improve on that, but hey ho.

 

[BeeBop]

LV have insured me for £960 ( 3 points on licence) and satisfied with standard tracker

 

[Supercharger]

Impressive.

LV have insured me for £960 ( 3 points on licence) and satisfied with standard tracker

That's impressive.
No points, 6yrs no claims, trackstar fitted, parking off road on our private/gated property in carport and still can't beat £1300 for fully comp policy with £950 (min) excess.
😭

I mean it's pennies, but it's a great deal you've scored there.

 

[BeeBop]

Everyone loves a bargain!

The excess is high - £850 (but £250 of that is voluntary). I'd been tracking insurance prices for a while before I ordered it to make sure i wasn't going to ruin myself. It was £600 before rampant inflation took hold. LV also give you a free tow on a flat truck if you run out of charge, which i thought was a nice touch.

 

[estate]

Following up here. I've just insured my iX50 MSport Edition full comp with only 2 year no claim, rental car cover and EU breakdown for £635. I do have another vehicle insured with them which reduced the price a bit.
Admiral also confirmed (on the phone, three times) that they do not need an additional tracker installed. The built-in tracking in the iX is sufficient.

Collecting the car on Saturday - very excited!