Classic insurance, a few questions
Discussion
When I last tried to get this, I was told I couldn't have it unless I had another car; Now I do have access to another car (the GFs) but is in her name, and insured under her name. Would this be good enough to get a classic policy?
Does the car have to be of a certain age or type?
Does it have to be garaged or can it live on the street?
Just thinking out loud, as my next car (whenever it comes along) will certainly just be a toy, but I don't wish to pay ridiculous amounts of insurance or tax for it, otherwise I couldn't justify it.
Does the car have to be of a certain age or type?
Does it have to be garaged or can it live on the street?
Just thinking out loud, as my next car (whenever it comes along) will certainly just be a toy, but I don't wish to pay ridiculous amounts of insurance or tax for it, otherwise I couldn't justify it.
different companies have different conditions, but ISTR most ask about access to another car, rather than ownership of another car.
Generally as the age goes up the number of policies and chances of a really cheap deal increases. I have serveral cars qualify on 10+ years old.
I have had classic/specialist cover for cars that I kept on the drive. I don't know what they will think about parked in the street.
Watch out for whether occasional use to and from work is allowed or not. business use is usually prohibitted.
You might want to consider imported and kit cars as both can be strangley cheap to insure.
I think I only paid £180 for a caterham, and the 330bhp camaro was only £300 for 6k miles and commuting. I had been toying with a modded 200SX, but that was going to cost over £900 to insure - so that idea was binned.
Generally as the age goes up the number of policies and chances of a really cheap deal increases. I have serveral cars qualify on 10+ years old.
I have had classic/specialist cover for cars that I kept on the drive. I don't know what they will think about parked in the street.
Watch out for whether occasional use to and from work is allowed or not. business use is usually prohibitted.
You might want to consider imported and kit cars as both can be strangley cheap to insure.
I think I only paid £180 for a caterham, and the 330bhp camaro was only £300 for 6k miles and commuting. I had been toying with a modded 200SX, but that was going to cost over £900 to insure - so that idea was binned.
Edited by balls-out on Thursday 7th February 13:33
In my experience:-
You have to have ACCESS to another car, it doesn't have to be registered as yours but check when taking out a policy.
It doesn't need to be garaged unless it is a term of the policy, it will just put the cost up.
You need to be 25.
Limited mileage is almost certainly a requirement.
You have to have ACCESS to another car, it doesn't have to be registered as yours but check when taking out a policy.
It doesn't need to be garaged unless it is a term of the policy, it will just put the cost up.
You need to be 25.
Limited mileage is almost certainly a requirement.
TameRacingDriver said:
When I last tried to get this, I was told I couldn't have it unless I had another car; Now I do have access to another car (the GFs) but is in her name, and insured under her name. Would this be good enough to get a classic policy?
Does the car have to be of a certain age or type?
Does it have to be garaged or can it live on the street?
Just thinking out loud, as my next car (whenever it comes along) will certainly just be a toy, but I don't wish to pay ridiculous amounts of insurance or tax for it, otherwise I couldn't justify it.
All of these factors will vary by insurer. You'd be better off picking a couple of potential cars and shopping round to see what they would cost.Does the car have to be of a certain age or type?
Does it have to be garaged or can it live on the street?
Just thinking out loud, as my next car (whenever it comes along) will certainly just be a toy, but I don't wish to pay ridiculous amounts of insurance or tax for it, otherwise I couldn't justify it.
Also you can insure a classic on a normal policy, it doesn't have to labelled specifically for a classic.
DazBock said:
You need to be 25.
Limited mileage is almost certainly a requirement.
^ Yep and yep.Limited mileage is almost certainly a requirement.
My Chimaera 500 is on a classic policy and at £300/year it has been the cheapest car insurance I have ever had! I am limited to 5000 miles a year though (typical mileage limitation for TVRs). On the plus side, I got free (approved) track day cover and also free European cover.
If you can keep your mileage down, you might be able to get a decent classic policy. Give some of them a ring - much nicer to deal with than the big insurance companies!
croyde said:
My E36 is nearly 16 years old (owned from nearly new) and I have a motorbike. Would I be able to get classic insurance for it?
I have found no consistency in how insurance companies treat motorbikes. Some ask about other vehicles and when queried confirm that bikes ARE counted. Others state they may not be counted.croyde said:
My E36 is nearly 16 years old (owned from nearly new) and I have a motorbike. Would I be able to get classic insurance for it?
Depends, phone around and ask.As a rule classic policies are cheaper because of limited mileage restrictions. Many will also cater for guaranteed value of the vehicle though.
I would say most insurers like the customer to be over 21, the car be at least 15 years old, it to be kept in the garage, do less than 5000 miles a year in it and you have access to another car. These rules are not set in stone but a good guide line. As long as you fit some of them you will probably be OK.
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