High cost of insuring a 2nd car

[bungle]

Thinking of getting a 2nd car, but it seems it's just a minefield due to insurance. Current insurer doesn't like Subaru's (the proposed 2nd car) so their price for a 2nd car (though they say they are matching my no claims) is ridiculous, but I imagine if I go elsewhere then they won't give me ANY no-claims, so it will just be even worse!

And even if I accepted the high quote, they will only do a full annual policy, ie. won't synch the end-date with my current policy, so I'll always be out of synch.

I know I can do something like Admiral multi-car, but they don't like modified cars at all IME.

So I'm a bit stuffed at the moment. I'd kind of rationalised the additional depreciation, servicing, tax, etc, but the stupid money for additional insurance was a surprise.

Anyone got any pearls of wisdom before I bin the whole idea? Do some brokers like modified cars AND do multi-car policies? I'm thinking I will be looking at a very narrow insurance market.

[chris7676]

I went through this. Ended up with a multi car (mini fleet) policy with Tradex through one of the brokers.

[Jimmy No Hands]

Is there a minimum age for a fleet policy and are they realistic? Me and the OH have three cars and we pay out the arse for each one.

[s_zigmond]

Adrian flux and sure term have both matched my no claims in the past

[ZOLLAR]

What sort of mods does the car have?.

[busta]

Depending what car you get, a classic insurance policy makes things easier. My second car, a 1994 Peugeot 106 track car, is on a classic policy (through HIC) and it halved the insurance costs.

Downsides are limited milage, no business/commuting and no policy refunds if you cancel mid-term.

[tuffer]

Admiral multicar policy through Elephant, I pay just under £1K a year for the GTS and a 530D, fully comp protected for me and the wife.

[HorneyMX5]

Most insurers of the specialist nature will mirror no claims. As both my cars are modified it makes life easier as they're both insured with Greenlight who have been excelent. When I add car number 3 shortly I'm not sure how that's going to pan out.

Nick

[B4rker]

Ask what the cost would be to remove your no claims bonus from your current car (guessing its less of a risk than the Subaru) and then use this on the Subaru with the most competitive insurer.

Then when your current car comes up for renewal this year you will have 1 years NCB which should work out to a 30% discount.

[bungle]

ZOLLAR said:

What sort of mods does the car have?.

Remap, exhaust, mostly engine related, you wouldnt really know from looking at the car, its not a chavved-up ramraid halfords job.

only 9 yrs old tho so probably wouldnt qualify for classic insurance.

[ZOLLAR]

bungle said:

ZOLLAR said:

What sort of mods does the car have?.

Remap, exhaust, mostly engine related, you wouldnt really know from looking at the car, its not a chavved-up ramraid halfords job.

only 9 yrs old tho so probably wouldnt qualify for classic insurance.

What other engine mods?, the remap what percentage increase dows it have on the original BHP of the car? is it under 25%?.

[bungle]

ZOLLAR said:

What other engine mods?, the remap what percentage increase dows it have on the original BHP of the car? is it under 25%?.

17%. Just remap exhuast hoses haldex controller exhuast on a VAG 1.8T.

[ZOLLAR]

bungle said:

17%. Just remap exhuast hoses haldex controller exhuast on a VAG 1.8T.

Admiral would quote on those mods, if you do a multicar quote on the website the options for mods are there too you can include them in the quote.
I'm not sure what premium would be but no loss in trying.

[bungle]

Thanks, will give it a try.

[anonymous-user]

Try sky insurance. Jap car specialists and matched my no claims.

[ZOLLAR]

bungle said:

Thanks, will give it a try.

Also forgot to mention you can mirror the NCB onto the second car with multicar.

[paulmoonraker]

Just a thought...

Get a multi-car policy. They should mirror your no claims. Wait a month then go elsewhere with you new no claims certificate. You will lose some money (an admin fee etc, but you will get a hefty refund), but the saving you'll make by going to somewhere like Keith Michaels will make up for it.

-P

[ZOLLAR]

paulmoonraker said:

Just a thought...

Get a multi-car policy. They should mirror your no claims. Wait a month then go elsewhere with you new no claims certificate. You will lose some money (an admin fee etc, but you will get a hefty refund), but the saving you'll make by going to somewhere like Keith Michaels will make up for it.

-P

They mirror the NCB, cancelling mid term won't mean you walk away with a whole new set of ncb.

[paulmoonraker]

ZOLLAR said:

paulmoonraker said:

Just a thought...

Get a multi-car policy. They should mirror your no claims. Wait a month then go elsewhere with you new no claims certificate. You will lose some money (an admin fee etc, but you will get a hefty refund), but the saving you'll make by going to somewhere like Keith Michaels will make up for it.

-P

They mirror the NCB, cancelling mid term won't mean you walk away with a whole new set of ncb.

Oh, OK. I have of course never tried this, so I am sure your right...

[ZOLLAR]

paulmoonraker said:

Oh, OK. I have of course never tried this, so I am sure your right...

Admin error in your case then as it shouldn't happen.