Classic Car Insurance

[shortlad]

Yet another insurance question....

Just out of interest has anyone out there got their car on classic cover?

I've just had my renewal from ClassicLine and they have quoted me £550.43 with and excess of £250 and I'm limited to 5,000 miles per year.

I need to put it on classic insurance I have my no claims used on my main every day car.

[kenny320]

Yep, mine is on it. £470 for 4500 miles, can't remember the excess. Funnily enough though, Direct Line will give me a regular policy with 10,000 miles for £590, but it also needed to be on a classic policy.

[Martin_s]

Yep, I've got my Griffith 500 insured with Classicline. About £409 per annum, IIRC, with the same excess and mileage limitation as you.

NCB is not required, but they have confirmed to me that it will be mainteined for me if i 'attach' it to the policy (I have a company car, so I don't need to use my NCB elsewhere, but don't want to lose it in case I go back to not having a company car at some point).

>> Edited by Martin_s on Tuesday 26th April 07:59

[rooster]

had mine with classicline but the premiums have gone up a lot this year. Wish I'd stayed with them though!

[ariddell]

Mine is with MSM, came in a fair bit cheaper than classicline with a lower excess.

[pantani201]

I insure my S2 through Asset Trust for £278 with 5000miles and a £250 excess plus an agreed valuation of £6500, might be worth getting in touch to see hwat it would be for a Chimera, though I think the car has to be over 10 years old. www.asset-trust.co.uk/

>> Edited by pantani201 on Tuesday 26th April 13:15

[The Surveyor]

Phil

To qualify for most 'classic' type policies, the car needs to be at least 10years old. As yours is a 96, i would be supprised if any insurer would consider it a 'classic'.

I had this issue when i changed from a 94 Griff (classic policy with Footman James) to my 97 Chimaera (now with the very good Peart Associates).

Paul

[sharkytvr]

Well, obviously everything depends on personal circumstances, but I am paying £600-odd for an UNLIMITED milage policy via A Mannings arranged thru TVRCC.

Seems that for a little extra than you are talking about, you can have as many miles as you want, plus trackday cover for an additional excess.

[shortlad]

The Surveyor said:

To qualify for most 'classic' type policies, the car needs to be at least 10years old. As yours is a 96, i would be supprised if any insurer would consider it a 'classic'.

Its been insured with Classic Line on a classic car policy for the last 2 years.

[shortlad]

pantani201 said:

I insure my S2 through Asset Trust for £278 with 5000miles and a £250 excess plus an agreed valuation of £6500, might be worth getting in touch to see hwat it would be for a Chimera, though I think the car has to be over 10 years old. www.asset-trust.co.uk/ >> Edited by pantani201 on Tuesday 26th April 13:15

Cheers for that will give them a try and see what they have to say.

[Martin_s]

sharkytvr said:

Well, obviously everything depends on personal circumstances, but I am paying £600-odd for an UNLIMITED milage policy via A Mannings arranged thru TVRCC. Seems that for a little extra than you are talking about, you can have as many miles as you want, plus trackday cover for an additional excess.

As you say, it depends on circumstances. I don't do track days, and it is very unlikely I'll get anywhere close to 5000 miles a year, since I have two other cars, one of which comes with free petrol.

HOWEVER, there is one major advantage with many 'classic' polices over an unlimited mileage 'general' policy: agreed value.

Check your small print, but many general policies only offer 'market value' in the event of a write-off, and the companies employ loss-adjusters whose job it is to make sure they pay you as little as they possibly can...

[jonnyb]

Martin_s said:

HOWEVER, there is one major advantage with many 'classic' polices over an unlimited mileage 'general' policy: agreed value. Check your small print, but many general policies only offer 'market value' in the event of a write-off, and the companies employ loss-adjusters whose job it is to make sure they pay you as little as they possibly can...

Would agree with that, agreed value is well worth having if you can get it.

[shortlad]

jonnyb said:

Martin_s said: HOWEVER, there is one major advantage with many 'classic' polices over an unlimited mileage 'general' policy: agreed value. Check your small print, but many general policies only offer 'market value' in the event of a write-off, and the companies employ loss-adjusters whose job it is to make sure they pay you as little as they possibly can... Would agree with that, agreed value is well worth having if you can get it.

That is certainly a good point.