First year insurance on an MGB GT...
Discussion
As some of you may know I'm 16 (Until 29th June) and I own a '79 MGB GT which I intended on using for a first car.
I've just got 2 quotes from 2 companies.
Lancaster insurance, Fully comp (came in cheaper) non owners club member, no modifications and 3000 mile policy.
They came in at £4883. Could have sad £4838 or something similar, either way I nearly died from trying not to laugh.
I will rate their phone service through, Bloke was more than helpful and very professional.
Next I phoned Footman James. Again the same deal '79 MGB GT, 3000 mile policy except you have to join a paid club (MG owners club etc) and this quote was for third party fire and theft. They came in at £778.50. Yes that is over £4000 cheaper than Lancaster! Again I couldn't fault their service, Bloke on the phone was more than helpful and I believe he said something about an MG young drivers scheme.
Now compare this to my friend who is paying over a year in monthly payments £1800 to insure a 2 door Corsa, with a policy that involves fitting a tracker so that you don't go out past bed time (11pm) and if you do its £45 extra a time.
Many friends I have told and many have ignored me when I told them to look into classic policies.
Praise the car gods and their classic policies!
I've just got 2 quotes from 2 companies.
Lancaster insurance, Fully comp (came in cheaper) non owners club member, no modifications and 3000 mile policy.
They came in at £4883. Could have sad £4838 or something similar, either way I nearly died from trying not to laugh.
I will rate their phone service through, Bloke was more than helpful and very professional.
Next I phoned Footman James. Again the same deal '79 MGB GT, 3000 mile policy except you have to join a paid club (MG owners club etc) and this quote was for third party fire and theft. They came in at £778.50. Yes that is over £4000 cheaper than Lancaster! Again I couldn't fault their service, Bloke on the phone was more than helpful and I believe he said something about an MG young drivers scheme.
Now compare this to my friend who is paying over a year in monthly payments £1800 to insure a 2 door Corsa, with a policy that involves fitting a tracker so that you don't go out past bed time (11pm) and if you do its £45 extra a time.
Many friends I have told and many have ignored me when I told them to look into classic policies.
Praise the car gods and their classic policies!
Edited by MGB Boy on Tuesday 15th June 13:42
I bought a 69 GT as a second car/resto project at 17, i also had a land rover series 3 with TDi power and a few mods 
which was a grand to insure, and the MG on a classic policy with FJ was 600 and something, cant remember now exactly but 2 cars insured for less than some of my mates at the time with escorts etc, was great, loved every minuite with that car but got done over with some body work and the shell had to be scrapped, one day I'll rebuild it with a heritage shell, only recently sold my last MG, a '65 mk1 roadster, will get another one day or rebuild the GT but have a split screen vw now, that only costs me £109 a YEAR on a classic commercial policy!
footman james are very good with young classic owners and very helpfull.
which was a grand to insure, and the MG on a classic policy with FJ was 600 and something, cant remember now exactly but 2 cars insured for less than some of my mates at the time with escorts etc, was great, loved every minuite with that car but got done over with some body work and the shell had to be scrapped, one day I'll rebuild it with a heritage shell, only recently sold my last MG, a '65 mk1 roadster, will get another one day or rebuild the GT but have a split screen vw now, that only costs me £109 a YEAR on a classic commercial policy! footman james are very good with young classic owners and very helpfull.
Jakg said:
Yes, your quote is cheaper - but your limited to 3k miles pa. Thats incredibly low, and certainly not enough for a "daily driver".
In a college week I average 22.6 miles (going by Google maps) round that up to 25 miles X by 52 weeks of the year that comes out at 1300 miles. I'm not at college every week of they year so that number will realistically be lower, But as that number stands that would leave me 1700 miles per year for going to the shops, race meetings, socialising etc.I think 3000 miles will be enough for me
Edited by MGB Boy on Tuesday 15th June 14:19
Good effort. I've just obtained a '68 Spitfire for my lad. He's 12 now and we tinker with the car together when we get chance. I tell him how to do the stuff he can't do and get the tough bolts turning - other than that he'll restore it all himself and then have something cool, yet hopefully reasonable to insure at 17.
Sideways Tim said:
Good effort. I've just obtained a '68 Spitfire for my lad. He's 12 now and we tinker with the car together when we get chance. I tell him how to do the stuff he can't do and get the tough bolts turning - other than that he'll restore it all himself and then have something cool, yet hopefully reasonable to insure at 17.
You do know you are setting your kid on a road to auto-jumbles, classic car meets and having various old cars about the place in various stages of repair.or is that just me?
I fixed up a 105e for my first car over the weekends till I was 17 - Good on you.
Uhura_Fighter said:
Sideways Tim said:
Good effort. I've just obtained a '68 Spitfire for my lad. He's 12 now and we tinker with the car together when we get chance. I tell him how to do the stuff he can't do and get the tough bolts turning - other than that he'll restore it all himself and then have something cool, yet hopefully reasonable to insure at 17.
You do know you are setting your kid on a road to auto-jumbles, classic car meets and having various old cars about the place in various stages of repair.or is that just me?
I fixed up a 105e for my first car over the weekends till I was 17 - Good on you.
and can't understand why I have zero interest in modern cars......Hi,
I have currently got an 88 mini mayfair, its not anything special but its been my baby for the past year, im going to be 19 next month and have just been offered an mgb gt in reasonanbly good condition, has anyone got any experience with both, currently my insurance on the mini is £900 with footman james in my name third party fire and theft.
could do with some opinions on the offer with the MG, should i get it over my mini or not?
Thanks
I have currently got an 88 mini mayfair, its not anything special but its been my baby for the past year, im going to be 19 next month and have just been offered an mgb gt in reasonanbly good condition, has anyone got any experience with both, currently my insurance on the mini is £900 with footman james in my name third party fire and theft.
could do with some opinions on the offer with the MG, should i get it over my mini or not?
Thanks
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