Insurance Question

[AJLintern]

I am thinking of buying a second car that would cost lots to insure but not much to actually buy. As I already have an insurance policy on my existing car, is there anything stopping me from just driving the hot car on the mundane cars insurance (albeit with only 3rd party cover). Is this advisable or should I just put up the cash for the extra premium? I am 25 with 35% No claims bonus and a clean license.

[Dave_H]

The MG Owners club did a article on insurance and they did answer your question with all the pros and cons etc - unfortunatly I've since thrown the mag away.

I think it's proberly a bad idea, as the car is only insured when you are in it and driving. So if it's parked up anywhere "technically" it's not covered.

Is the "hot" car old enough to be classed as a classic? as you could opt for a classic premuim and lower the mileage etc to keep the insurance low.

[AJLintern]

Well it was worth a try The car in question would be a Porsche 944 S2 of 88'-90' so probably not quite a classic - yet.

[Dave_H]

quote:
Well it was worth a try The car in question would be a Porsche 944 S2 of 88'-90' so probably not quite a classic - yet.

You should be able to get classic cover on that, it's old enough (over 10 years)

Cheers,

Dave.

[AJLintern]

You think so?? Do you know of any insurance companies worth looking at?

[Twin Turbo]

Definately sounds like the classic policy is the way to go. I did this when I had a TVR 350i and a 2.8 Capri. I used all my NCD on the TVR, which meant I was getting quotes of around £700 to insure the Capri (I was 29 at the time) - the car was only worth about a grand!! Therefore, I insured the Capri as a classic (Dave H is right, many cars 10 years old will qualify).
Still cost about £250 though - a far cry from the "£50 to insure a vintage Bentley" that these companies seem to advertise!!

Be carefull though, you won't gain any NCD on the classic policy and you'll probably be restricted to around 5k miles per year or less.

I used a company called Lancaster, but you're probably better off buying a classic car mag and looking at the adverts in the back.

Cheers

Paul

[Cotty]

quote:
You think so?? Do you know of any insurance companies worth looking at?

Get yourself a copy of Practical Classics or any classic car mag and look at the adds in the back. Being a second car your milage is not going ot be that much so your could get a limited milage policy.

Paul

[Dave_H]

And Practical Classics mag with will have the number for the Porsche car club9s) who may recomend someone.

Classic policys bring the cost way down - I've got a heavily tuned MGB which I pay shirt buttons for.

Cheers,

Dave.

[simonelite501]

The Porsche is easily old enough to get on a classic insurance policy. I use Footman James (0121 561 4196), they advertise in all the classic car mags, for my Lotus 1979 Elite, it's a 2 litre twin cam 160hp, and unlimited millage as a second car with an agreed value cost me around £200 per year. Admittedly I'm a lot older than you,but due to a blody stupid WOMAN!!!! I no longer have any NCB. IMO you should have no problems with the insurance, just do it, you know you want to!!! Best of luck, Simon.

>> Edited by simonelite501 on Wednesday 12th June 20:49

[Dave_H]

Here's a few:

Classicline 01455 891330
Classic Club Direct 0800 298 2756
Carole Nash 0800 298 5566
Assett Trust 01666 503224
Lancaster 01480 484848
Dialsure 01536 414500

Cheers,

Dave.

[AJLintern]

Thanks very much for the usefull advice - looks like the 944 is a classic already then

[leszekg]

I think most of the obvious companies are mentioned above. I used Lancaster up until a year or two ago for my Excel (normal policy, unlimited mileage) and Healey (classic policy, limited mileage) but later moved to Peter Best and Peart who both offered better rates.