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Classic Car Insurance.

Discussion in 'General Chat' started by jojo, Jul 22, 2008.

  1. jojo
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    jojo S3 Drift King! Staff Member Moderator

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    [Jul 22, 2008]
    I have just found out by chance that cars which qualify for classic cars insurance(over 10 years old) do NOT need NCB to get insured!
    This is opening up a lot of options to me on owning a dream car of mine, but it will probably be limited mileage and garaged, which is not a problem for me, since I hardly use my S3 now with recent changes in my work in the last few years.

    Does anyone else know anything more on classic car insurance that I should know about?

    Maybe it is time to let go of my S3 after 7 years or so of ownership...
    #1
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  3. SteveTDCi
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    SteveTDCi Active Member

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    [Jul 22, 2008]
    each company is different HIC said the car needed to be 15 years old to be classed as a classic, you don't always build NCB with the policies and sometimes they mirror you NCB from your main car. Oh and they are usually cheap and you can agree a valuation on them. Max miles per year was 5000
    #2
  4. Oranoco
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    Oranoco Well-Known Member

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    [Jul 22, 2008]
    How do you think I manage to insure my 260bhp Escort with 6 point roll cage for £400 a year?:happy:
    #3
  5. jcs356
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    jcs356 Brum brum

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    [Jul 22, 2008]
    Just remember, it is a flat premium and so you don't build up NCB that you can then transfer to another car. I've had my Speedster insured for 7 years, no claims, but zero NCB from this if I wanted to transfer it. I pay roughly £175 full comp agreed value with 3000 mile limit. Add in free road tax as it is 1971 donor vehicle, and the only extra it costs me above fuel is the £50 for the MOT.
    #4
  6. SteveTDCi
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    SteveTDCi Active Member

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    [Jul 22, 2008]
    also with mine if you cancelled the policy you don't get anything back.
    #5
  7. willnabby
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    willnabby RS-one day soon!!

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    [Jul 22, 2008]
    I used to have a range rover on classic insurance, that was 8 yrs old when I put it on classic, with unlimited mileage not garaged and i think it was around £290 or so for the year not bad for a 3.9 V8, when I got my old audi cabriolet I think that was about 5 years old at the time they wouldn't cover that so I went to privilidge for "regular" insurance and they accepted a letter from the classic insurers to say that I had not made a claim in the 5 years I was with them so the lack of NCB due to it been classic insurance wasn't an issue, I still use classic insurance for my series 1 land rover at a whopping £110 for a years cover.
    #6
  8. Les 51
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    Les 51 A pint of Diesel please!

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    [Jul 23, 2008]
    My Lancia Beta is on Classic insurance. I pay £400 a year which is over the odds and I will look elsewhere his year. It's limited to 5000k per year and has to be garaged. (Which is a good thing for a Lancia!)
    Something to note is if you want an agreed value you will have to supply quite a few photos of the car in it's present condition for them to value it. I did it on a disc and sent them that.
    I'm pretty sure mine is getting NCB, but will have to check that.
    #7
  9. Nickynibbles
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    Nickynibbles Damn it where's 7th gear when you need it?!

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    [Jul 23, 2008]
    Dont know a thing about classic car insurance, just want to know what you've got your eyes on Jojo?!
    #8
  10. Matt T
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    Matt T Bumble Bee

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    [Jul 23, 2008]
    Agreed, one company told me my 18 year old E30 M3 wasnt a classic! Urrrr hello.
    #9
  11. jojo
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    jojo S3 Drift King! Staff Member Moderator

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    [Jul 23, 2008]
    :whistle2:
    #10
  12. Nickynibbles
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    Nickynibbles Damn it where's 7th gear when you need it?!

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    [Jul 23, 2008]
    Oh go on, if you tell me yours i'll tell you mine??!!!
    #11
  13. MikeS4
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    MikeS4 MikeS4

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    [Jul 24, 2008]
    Jojo if you're after some inspiration, check this:
    [​IMG]
    I'm paying £220 classic car insurance for my 635csi, with a 5k limit....
    #12
  14. Z82
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    Z82 Member

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    [Jul 24, 2008]
    OMG classic cars piss me off due to the fact my classic car wish list is so bloody long I cant remember it myself! Would love an 80's Audi :D
    URQ or 80Q/S

    I need abigger garage before I can even consider a classic :(
    #13
  15. jojo
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    jojo S3 Drift King! Staff Member Moderator

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    [Jul 24, 2008]
    I've always fancied a Lotus Esprit, but that's not what I'm after. ;)
    #14
  16. jojo
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    jojo S3 Drift King! Staff Member Moderator

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    [Jul 24, 2008]
    That's pretty cool.
    #15
  17. Nickynibbles
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    Nickynibbles Damn it where's 7th gear when you need it?!

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    [Jul 24, 2008]
    You'd have dirt cheap insurance on one of those. you could specify such a small annual mileage allowance cos the thing would be broken down 362 days a year!!
    #16

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