Who can insure a modern/future "classic" with limited miles?

[dxg]

I'll cast this scenario over to you all in the hope that someone's had to solve this problem before...

Basically, I have a fun car for light weekend and summer use only. It's not yet considered a classic, but I am sure it will be one day. I'm trying to find insurance for it on a limited milage policy and ideally at the reduced rates and agreed valuations available to established classics.

Trouble is, the policies I've looked at so far seem to have a blanket definition of a classic as being anything over 12 - 15 years old. Mine was made in 2002!

Just to complicate things further, at the moment I have it and my daily insured through the same company with my ncb mirrored on both cars. I'm thinking that I can save a fair bit by splitting these policies and putting the ncb on one of the cars - maybe the "classic" - and going for tpft with no ncb on the daily (worth £1000 on a good day).

In summary:
- 2002 future classic (VW Lupo GTI).
- not more than 5,000 miles p.a.
- stored in a secure garage (it was why I bought the house!!)
- totally standard
- needs an agreed valuation
- fully comp.
- one driver only - male, mid thirties.
- no convictions, no claims.

Any thoughts on any companies that might be able to do this?

[Hooli]

to be honest i think you'll struggle to get a lupo as a classic. modern loti & so forth manage it but i doubt a lupo is considered special enough for anyone to be interested.
id try somewhere like adrian flux, they can normally help with most odd requests.

[G51CAV]

DXG
I think you will struggle with that one.
I have an 1983 Opel Manta which I use in summertime only.
I eventually got classic insurance on it but had to provide proof of the mileage then agree to a limited mileage policy (7.000 per year), give them proof of the thatcham approved alarm and provide an address where the car would be securely DRY stored when not in use! I've still never figured out the dry bit.
Unfortunately insurance companies appear to be increasingly interested in finding reasons not to give you a discount but form what you say I think your best bet is a limited mileage policy although they will probably look for some sort of proof before agreeing it.

[Hooli]

G51CAV said:

DXG
I think you will struggle with that one.
I have an 1983 Opel Manta which I use in summertime only.
I eventually got classic insurance on it but had to provide proof of the mileage then agree to a limited mileage policy (7.000 per year), give them proof of the thatcham approved alarm and provide an address where the car would be securely DRY stored when not in use! I've still never figured out the dry bit.
Unfortunately insurance companies appear to be increasingly interested in finding reasons not to give you a discount but form what you say I think your best bet is a limited mileage policy although they will probably look for some sort of proof before agreeing it.

dry stored so it doesnt loose value? meaning you wont torch it to get the agreed value & buy one that didnt rust?
it is an odd one though, considering i used to have classic insurance on a car i kept parked in the road.

[Mr2Mike]

dxg said:

- 2002 future classic (VW Lupo GTI).

It's a 5 year old car, you won't be getting a classic policy on that any time soon. You could quite easily argue a Skyline GTR etc. is a future classic, but that won't stop hefty insurance premiums.

[Chrispy Porker]

I think there are companies who cater for the VW fraternity. Adrian Fux rings a bell but you won't get classic insurance on a car that new.
Limited mileage should be available though.

[BertBert]

just out of interest, what specifically are you looking to achieve? A lower premium or agreed value?
Bert

[NeilC]

I have a 55 plate car on a classic car policy through autotorque. Heritage may be worth a call too. Be aware that classic policies don't require any NCB and although this can be a good thing if you haven't got any you may find that your NCB 'expires' if not used on another car after a period of time (a year?).

[Mr E]

My very non-classic Toyota is on a "cherished" policy (very low milage, agreed value, etc etc.)

It's still not what I'd call cheap.

[G51CAV]

Hooli said:

G51CAV said:

DXG
I think you will struggle with that one.
I have an 1983 Opel Manta which I use in summertime only.
I eventually got classic insurance on it but had to provide proof of the mileage then agree to a limited mileage policy (7.000 per year), give them proof of the thatcham approved alarm and provide an address where the car would be securely DRY stored when not in use! I've still never figured out the dry bit.
Unfortunately insurance companies appear to be increasingly interested in finding reasons not to give you a discount but form what you say I think your best bet is a limited mileage policy although they will probably look for some sort of proof before agreeing it.

dry stored so it doesnt loose value? meaning you wont torch it to get the agreed value & buy one that didnt rust?
it is an odd one though, considering i used to have classic insurance on a car i kept parked in the road.

You are probably right! I can't really complain though it costs me next to nothing and never seems to change from renewal to renewal.

[997GT3]

My previous car, a Porsche 993 was 7 years old when i put it on a "modern classic" policy. The policy needed no NCB and was agreed value. This cover was arranged through Heritage/Norton Insurance.

Good luck!