X350 insurance - it's complicated

Advice wanted please

I have just turned 60 and my thoughts have turned to Jaguars (must be an OAP railcard thing).
Don't worry - not leaping for leapers.

However I have pretty much convinced a couple of my friends of the same age that throwing a few £K into a pot and buying an X350 XKR of the lower tax bracket ( presumably from a recently bereaved widow ), might be quite good fun. Get the thing polished up and it would do London trips, weddings, golf club, that kind of thing and be something of a hoot too.
My concept was I would insure it with the other two as named drivers and we would just share the bills and borrow it as we fancied from each other. We have btw all had 300 -350 or so bhp cars so this isn't a swap for a Kia daily.

The cost of the car doesn't seem to the the issue - it's the insurance. Having got a quote with me leading and my two named drivers as mates seems nuts - £2k p.a for 5,000 miles. The Scenario 2 plan is therefore to move it around on a rolling 6 months selling it in turn to each other. In that scenario we can each join a car club one of us isn't already a member get a single user classic policy each, which we then cancel at the 6 month point as the car moves on. OK it clocks up a few needless owners but so what?

We would of course be happy to have TPFT as whatever we pay it won't be worth more than £3,000 (if we are all honest with ourselves) and that's in the range of writing off to experience between the three of us. I don't know if the underwriters see things this way but if we were to lose the back end and bump the aluminium it is obvs not in a million years going to a dealership to be fixed. It will be melted down for beer kegs.

Any thoughts or advice please - not least as to what the benchmark is for single driver and owner X350 XKR should be for a home owning Home Counties 60 year old?

I had my first Jaguar when I was 31, a lovely XJ40 4.0 Sovereign, so concern yourself with class and style not age

Why not have the X350 as your car, and your two friends can just add it to their own insurance - it may already allow them to drive other cars third party.

For price comparison, I'm about your age and my DB9 is £600 to insure through a broker.

You probably don't want to do weddings, it's a huge responsibility and you'd need even more insurance!

Gosh no - not for weddings, for turning up at them and other such. No hiring out, just having something swish to drive in at events that's all

Are you meaning an XJR or an XKR then?

I'm about £400 on my XKR at 12k miles a year. I'm 35 with full NCB.

If you can find a £3k X350 XJR, then I'd suggest you are in for Big Bills to get it up to scratch and keep it in good enough nick, especially for weddings and occasions.

A normally aspirated XJ8 will be much more reliable and even then £3k will buy you a bunch of trouble.

(For what it's worth, I have had an XJ8 for 6 years now, and it's my daily. It is a wonderful car to drive, but it throws the occasional Big Bill).

I have ran countless Jaguars , Astons and Porsche and I have to admit that only the X350 left me full of wonderment . Just a fantastic ride on the air suspension and a lovely car to be sat in coming across Shap on a winters morning .

That's been the case with many, if not most, insurance companies; something to do with the fact that there was a much higher percentage of claims from those opting for TPFT, IIRC.