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Classic car insurance - Am i missing something obvious?

Discussion in 'Motors' started by McBain, 11 Mar 2010.

  1. McBain

    Capodecina

    Joined: 17 Oct 2002

    Posts: 23,675

    Location: Lancs/London

    Hi guys,

    So I was looking at quotes for insurance on another MR2 Tubby, or an RX7 and decided to give Classic Insurance a shot (Most cars im looking at would be '94 or older, so over 15 years old)

    Now the quotes im seeing from the usual insurance comparing websites such as Confused and Compare were kicking out £900-£12000 for either, yet classic insurace is £280 :confused:

    I realise that Classic insurace has it's limitations such as age, penalty points, modifications etc, but it just seems ridiculously cheap for an imported group 20 car.

    Am I missing something glaringly obvious? Such as differences in cover between classic/regular?

    Cheers
     
  2. Siliconslave

    Man of Honour

    Joined: 11 Dec 2002

    Posts: 10,164

    Location: Darkest Norfolk

    you don't generally get no claims on classic car insurance and need to watch out for their mileage policy.
     
  3. merlin

    Capodecina

    Joined: 18 Oct 2002

    Posts: 20,677

    Location: England

    Watch out for mileage limitations and requirement to garage at night for theft cover to operate properly.
     
  4. Janesy B

    Caporegime

    Joined: 19 Apr 2008

    Posts: 25,564

    Not all of them, secured on the drive is just fine. TBH, having the car in the garage gives the crooks more time to break in noticed and take the car, if it's on the drive then I can hear/see what's going on.
     
  5. merlin

    Capodecina

    Joined: 18 Oct 2002

    Posts: 20,677

    Location: England

    I just said watch out for it, not that it's the default requirement.

    Different policies, different insurers, different attitudes 'n all that.
     
  6. BD10NNF

    Wise Guy

    Joined: 24 Aug 2009

    Posts: 1,386

    Location: UK

    Whos that with for classic insurance?
     
  7. McBain

    Capodecina

    Joined: 17 Oct 2002

    Posts: 23,675

    Location: Lancs/London

  8. Janesy B

    Caporegime

    Joined: 19 Apr 2008

    Posts: 25,564

  9. merlin

    Capodecina

    Joined: 18 Oct 2002

    Posts: 20,677

    Location: England

    As an example the Hagerty policy says: -

    We will not cover.......

    "Loss of or damage to your car by theft (or any attempt at theft) or
    malicious damage between 10.00pm and 06.00am within the
    proximity of the usual garaging address unless your car is in a
    secure locked garage. This exclusion does not apply in cases where,
    subject to our prior agreement and the payment of the appropriate
    additional premium, your car is kept on your driveway or other
    location agreed by us.

    Loss of or damage to your car following theft or attempted theft, if it
    was unoccupied at the time of the loss or damage, unless your car
    was locked and the ignition key or other removable ignition device
    removed"

    Just an example - you need to be careful & try to buy yourself out of such exclusions if possible, naturally this is only if such exclusions exist.
     
  10. Confused

    Sgarrista

    Joined: 18 Oct 2002

    Posts: 8,019

    Also, some classic policies might not include commuting, so you couldn't use it to drive to/from work.
     
  11. MikeHiow

    Banned

    Joined: 26 Oct 2004

    Posts: 7,542

    Location: Isle of Wight

    Wow, this has opened my eyes to the possibility of a toy.

    £200/yr is exceptionally reasonable.
     
  12. Gribs

    Wise Guy

    Joined: 12 Nov 2003

    Posts: 2,342

    Location: Skipton

    I've just had a look and all of the ones listed above require the car to be garaged for an online quotation. I'll ring a couple later but is there anyone that's fine for the car to be kept on a private road?
     
  13. Jacob (:

    Hitman

    Joined: 24 Jun 2008

    Posts: 806

    Location: Droitwich

    Im with Peter D James covered 3rd party with commuting and parked on the road :)

    So just give them a call and see what they say.
     
  14. flat-6

    Mobster

    Joined: 18 Oct 2002

    Posts: 3,635

    Location: Lancaster

    I have my 89 Golf GTI and 72 911 insured with Hagerty for less than £400pa. Golf lives outside and without that it'd be £150!

    Both have mileage limits on though and you can't use them for commuting.