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Who you gonna insure? Ghostbusters

Who you gonna insure? Ghostbusters
With the remake of one of the most iconic movies ever – Ghostbusters – hitting our cinema screens, experts at leading car insurance provider 1ST CENTRAL have put a price on owning not just the new Ecto-1, but some other legendary vehicles from the silver screen too.
 
The list reveals the new Ecto-1 is actually £20,000 cheaper to insure than the original. However, the Transformer’s Autobot leader comes in as the most expensive cinema car to insure followed by Bruce Wayne’s Batmobile and the Hell Cycle from Ghost Rider. 
 
The experts looked at how much it would cost to insure famous movie motors based on typical criteria assessed when applying for car insurance. These included age and profession of the owner as well as taking into account some more unusual characteristics of the car, including ghost weaponry, alien origin, self destruct functions, armour and of course, time travel capabilities.
 
The new Ghostbusters Ecto-1 comes in at £30,000 a year to insure, £20,000 cheaper than the original at £50,000. Both cars have been heavily modified and permission to carry the various volatile and unpredictable ghost-busting equipment would need to be obtained in writing, attracting a hefty premium.
 
But with the original Ecto-1 being a 1959 Cadillac Miller-Meteor, this is now officially an antique. The greater difficulty finding parts for this model, as opposed to the 80s Cadillac Hearse Wagon seen in the newly released Ghostbusters film, results in a higher premium, assuming the car passes its MOT, after all the work Ray needed to do to it when he bought it.
 
Optimus Prime tops the list as most expensive to insure. Under normal use the leader of the Transformers (based on a Peterbilt 379) would command a much lower premium than his friend Bumblebee, however a history of collisions, containing a weapon, as well as being an alien (so not having a fixed address) all count against Optimus on the proposal form leading to a £1million quote.
 
The Batmobile is the second most expensive motor at £750,000. But if Bruce Wayne were English he may be able to pinch some pennies and reduce his premium through self-insurance, saving £250,000 by paying half a million pounds directly to the UK treasury.   
 
Professor Brown from Back to the Future is a mature man with a classic car, so is likely to cherish his vehicle and would normally have a low pay out. However his unconventional DeLorean fuel system which utilises household rubbish has raised some eyebrows with the underwriters. Marty and the professor will also find their time travel causing frequent issues with their annual insurance policy dates, resulting in a lot of cover required, they would have  real problems trying to buy back dated cover. Based on this and the fact that the DeLorean has to reach speeds of 88mph in order to time travel, Professor Brown is looking at an insurance rate of £60,000 a year.

As a standard Chevrolet Camaro, the Transformer Bumblebee is a relatively good risk to insurers. However with Sam Witwicky as the driver he will attract greater premiums due to his young age and being a student. Despite the Camaro now being available in the UK, Bumblebee is technically imported from Cybertron, but if the import status were overlooked Sam might be able to get a quote in the region of £10,000.
 
The costs to insure the famous movie motors examined are:
  1. Optimus Prime (Transformers) - £1,000,000
  2. Batmobile (Batman) - £750,000
  3. The Hell Cycle (Ghost Rider) - £400,000
  4. Wolverine’s motorcycle (X-Men) – £150,000
  5. Mr Weasley’s Ford Anglia (Harry Potter and the Chamber of Secrets) – £70,000
  6. DeLorean (Back to the Future) - £60,000
  7. Ecto-1 (Ghostbusters 1984) - £50,000
  8. Ecto-1 (Ghostbusters 2016) - £30,000
  9. Bumblebee (Transformers) - £10,000
  10. Herbie (Herbie Fully Loaded) - £7,000

Despite the considerable damage his high speed car chases may have caused the taxpayer, James Bond’s Aston Martin DB5 is exempt from the list; as an Employee of the Crown James does not require insurance as the government takes the place of the insurer.

Commenting on the findings, Pete Creed, Co-Founder and Chief Underwriting Officer, at 1ST CENTRAL said: “A lot of factors are taken into consideration when deciding the appropriate price for an insurance risk, and with the ghostbusting teams comprising of the same number of members from the same professions and backgrounds, we would expect little difference to their insurance risk.  In the UK, their gender would be irrelevant to the final price and as such we can assume the difference in risk for the drivers will be insignificant.

“Finding the price of insurance risk for famous movie cars is actually a great training exercise for our staff to consider all the implications of insuring such mechanical movie stars, I would however like to make it clear that these prices are not guaranteed.”

 

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