classic car insurance for young drivers

classic car insurance for young drivers

Author
Discussion

worktopaytax

Original Poster:

51 posts

70 months

Tuesday 14th May 2013
quotequote all
I'm 18. I was thinking about getting either a classic car or older car for a bit of a project.

Problem is the car is under £1000 and the insurance is £1250 at the cheapest I could find. That's on a 1.0 70s Mini for example.

Any advice of how to get it cheaper or good insurance companies?

Thanks

Geekman

2,247 posts

85 months

Tuesday 14th May 2013
quotequote all
To be honest that sounds like about as cheap as you're going to get - classic insurance for young drivers is no longer the bargain it once was. If you love Minis then by all means go for it, but if you're just doing it to save money you'd be better off getting a more modern car as you won't have to worry about rust/breakdowns/safety etc etc

worktopaytax

Original Poster:

51 posts

70 months

Tuesday 14th May 2013
quotequote all
Geekman said:
To be honest that sounds like about as cheap as you're going to get - classic insurance for young drivers is no longer the bargain it once was. If you love Minis then by all means go for it, but if you're just doing it to save money you'd be better off getting a more modern car as you won't have to worry about rust/breakdowns/safety etc etc
thanks for the response,
I have a modern everyday car but wanted this too,
if I could manage to get the insurance down to under £700 I would go for it rolleyes

MG CHRIS

6,483 posts

106 months

Tuesday 14th May 2013
quotequote all
Trust me that's cheap you wont find anywhere cheaper than that.

Geekman

2,247 posts

85 months

Tuesday 14th May 2013
quotequote all
worktopaytax said:
thanks for the response,
I have a modern everyday car but wanted this too,
if I could manage to get the insurance down to under £700 I would go for it rolleyes
Depending on who you're insured with you may be able to add the mini to your current policy - that's what I've done with my cars and I'm the same age as you.
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worktopaytax

Original Poster:

51 posts

70 months

Tuesday 14th May 2013
quotequote all
Geekman said:
Depending on who you're insured with you may be able to add the mini to your current policy - that's what I've done with my cars and I'm the same age as you.
Hopefully, I'll ask them if it's possible to add a car

Spitfire2

1,718 posts

125 months

Tuesday 14th May 2013
quotequote all
worktopaytax said:
Geekman said:
To be honest that sounds like about as cheap as you're going to get - classic insurance for young drivers is no longer the bargain it once was. If you love Minis then by all means go for it, but if you're just doing it to save money you'd be better off getting a more modern car as you won't have to worry about rust/breakdowns/safety etc etc
thanks for the response,
I have a modern everyday car but wanted this too,
if I could manage to get the insurance down to under £700 I would go for it rolleyes
If you have a modern car, join an owners club and give Footman James a call. Their new scheme for young classic owners is aimed at folk just like you.


http://www.classicandsportscar.com/news/classic-ca...

KM666

1,676 posts

122 months

Tuesday 14th May 2013
quotequote all
I got my megane coupe 1.6 16v on a classic policy found through confused.com at £550 as a secondary driver. At 21 having just passed it allowed me access to a larger more powerful class of car. Not just very old cars.

IIRC I could have had a saxo vtr on a classic policy.

My key bit of advice is to look at family cars or family car derivitives, they are considered to attract a 'safer' type of driver. Regardless of 'sport' trim levels etc.

To insure the same car now on my own with a years experience, one non fault accident and no NCB would be costing me around £600 for the year as part of an admiral multicar policy. I didnt get another megane in the end and didnt have the cash to pay upfront so ended up paying about £1200 oeverall through direct debit payments on a vauxhall astra.

£1250 for your first year on your own policy on anything is a cracking price. You wont find much cheaper without sharing a car with a parent. Even if you go a year on another policy you wont save anything when its time to go solo.

Edited by KM666 on Tuesday 14th May 22:37

Agrispeed

988 posts

98 months

Tuesday 14th May 2013
quotequote all
Classic cars are not really the cheap option. Insurance is creeping up on them. Especially popular cars such as minis. I live in the middle of the shire and insurance for my spitfire is £800 at 19.

Maybe try some rarer classics? Insurance vs parts cost is the gamble however.

karltaylor

2 posts

70 months

Tuesday 21st May 2013
quotequote all
Go to Heritage Classic Car Insurance, they do some great quotes on classics, particularly for young drivers: www.heritage-quote.co.uk


Edited by karltaylor on Tuesday 21st May 12:43


Edited by karltaylor on Tuesday 21st May 15:01