insurance costs
Discussion
hi guys i have been toying with the idea of a well toy 
but i was wondering what are kitcars actually like to insure ?
id have 0 no claims as its in use on the daily im 31 it be kept in a garage etc
how do they go about working it out as obviously every car is different how can they till if its modified etc say you turbod it or stuck on itb's on a normal car that would be all sorts of hassle and increased premiums etc
but obviously if you built it like that then its standard lol
help me
i was thinking something like an mnr vortex or fisher fury that sort of thing
anyone able to shed any light on it for me ?
but i was wondering what are kitcars actually like to insure ?
id have 0 no claims as its in use on the daily im 31 it be kept in a garage etc
how do they go about working it out as obviously every car is different how can they till if its modified etc say you turbod it or stuck on itb's on a normal car that would be all sorts of hassle and increased premiums etc
but obviously if you built it like that then its standard lol
help me
i was thinking something like an mnr vortex or fisher fury that sort of thing
anyone able to shed any light on it for me ?
Dirt cheap if you have a recognised kit and go down the route of limited mileage with a specialist insurer. Doubt there are too many paying much more than £250 pa on a 3000 mile policy (fully comp, car garaged, not too many accidents or points).
Be aware though that some insurers will ask about the power of the vehicle and your history of similar pwr/weight ratios and won't quote if you can't satisfy them (and this applies to all not just young drivers).
The ones that seem to keep popping up at the moment are:
Footman James
Adrian Flux
Frank Pickles
REIS
(anyone I've missed?)
Some also include track day cover, some charge extra for it, others simply don't offer it.
Best bet is to go online and have a play about with numbers - the Footman James system is really good for this.
Be aware though that some insurers will ask about the power of the vehicle and your history of similar pwr/weight ratios and won't quote if you can't satisfy them (and this applies to all not just young drivers).
The ones that seem to keep popping up at the moment are:
Footman James
Adrian Flux
Frank Pickles
REIS
(anyone I've missed?)
Some also include track day cover, some charge extra for it, others simply don't offer it.
Best bet is to go online and have a play about with numbers - the Footman James system is really good for this.
A few years ago I had a discussion with one of the Sykes boys when I was trying to arrange club discount. They had less claims from owners who had actually built the cars themselves compared to those who had just bought a ready made weekend toy.
I'm not going to say which car had the worst record for claims in the weekend toy category.
I'm not going to say which car had the worst record for claims in the weekend toy category.
FlossyThePig said:
A few years ago I had a discussion with one of the Sykes boys when I was trying to arrange club discount. They had less claims from owners who had actually built the cars themselves compared to those who had just bought a ready made weekend toy.
I'm not going to say which car had the worst record for claims in the weekend toy category.
can i venture robin hood ? I'm not going to say which car had the worst record for claims in the weekend toy category.
i used to have a vx220 and have driven 7 style cars before just never owned one unfortunately
i was after the weekend toy route as tbh id rather not piss my money up the wall on something i may never finish
Generally they're cheaper to insure than tin-tops; Especialy performance tin-tops.
My Fury was just £180 fully comp 3 years ago with a 3000miles p/a limit, but that has crept up as more of the insurers have started to load the premiums for bike engines (I'm loaded up for area and occupation as well) and it's currently circa £350 for 5000miles p/a fully comp.
There's no NCB applied to kit policies though so that won't make any difference. The replacement value you state effects the price but you can get parts only policies where the insurer pays for the parts but you do the repair and the price is reduced as a result.
I'd add SureTermDirect to the list. I've done mine through them for 3 years and although I compare prices every time they've yet to be beaten, although FrankPickles matched them this year.
My Fury was just £180 fully comp 3 years ago with a 3000miles p/a limit, but that has crept up as more of the insurers have started to load the premiums for bike engines (I'm loaded up for area and occupation as well) and it's currently circa £350 for 5000miles p/a fully comp.
There's no NCB applied to kit policies though so that won't make any difference. The replacement value you state effects the price but you can get parts only policies where the insurer pays for the parts but you do the repair and the price is reduced as a result.
I'd add SureTermDirect to the list. I've done mine through them for 3 years and although I compare prices every time they've yet to be beaten, although FrankPickles matched them this year.
that does seem rather cheap AdiT said:
My Fury was just £180 fully comp 3 years ago with a 3000miles p/a limit, but that has crept up as more of the insurers have started to load the premiums for bike engines
Good point. Before I bought mine, I had a look at CEC vs BEC - there was a consistent 40-50% premium on BECs.BTW, I think some insurers also require you to have use of a second car in order to qualify for their kit car policies.
Trustmeimadoctor said:
can i venture robin hood ?
i used to have a vx220 and have driven 7 style cars before just never owned one unfortunately
i was after the weekend toy route as tbh id rather not piss my money up the wall on something i may never finish
Probably off topic but why the remark about Robin Hoods ? ,have you any knowledge or evidence to make a such a sweeping statement ? i used to have a vx220 and have driven 7 style cars before just never owned one unfortunately
i was after the weekend toy route as tbh id rather not piss my money up the wall on something i may never finish
not really other than everyone ive ever seen has been a bit of a dogs dinner but we are talking 10 years ago i was looking from what i gather they have improved somewhat over the years. they did always seem to be seen as a very budget choice and very much a sierra parts bin special the worst one was one of their show cars at the harrogate show many moons ago sharp edges cheap bits it looked very tired and not a great advertisement
Have any of you joined a car club to bring the insurance cost down? I got a quote on a kit car £430 fully comp on a panther 1.8 litre with 2000 miles per annum. I have 6 years no claims on another car which they said was reflected across...
I am looking at clubs in the Reading/Oxford area.
Thanks
I am looking at clubs in the Reading/Oxford area.
Thanks
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