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diathermy
21-12-2010, 12:41
Hi Guys,

Thinking of using the williams as a second car and was wondering what the best way to insure it would be.

From my understanding you can only use no claims on one policy, which would be on the other car.

Do classic policies work out better?

Just need some advice. If its going to cost a lot, I will be forced to sell it (if it sells!)

Thanks

Wobba
21-12-2010, 13:05
Just ring around, loadddddsssss of topics on this sort of thing.

talkingfish
21-12-2010, 14:40
I've got mine on a classic policy via Lancaster - only £200 a year!

GabrielKnight
23-04-2011, 14:18
I've got mine on a classic policy via Lancaster - only £200 a year!

Out of interest, how did you manage that?

I've applied to them for a quote:
35 years old male
5 years no claims
No accidents
No penalty points
Toad Thatchcam 1 alarm and immobiliser

- - - - -

Social, domestic, pleasure
Valued at £4400
Only modification 'stainless performance exhaust'
Comprehensive with NCB protection

The lowest quote it gives me is £1472.46 !!!!!!


Even if I downgrade the requirements to bare minimum

Value £4000
No modifications
Third party fire and theft
Locked garage

the quote is £881.05 with a £600 excess!!!!

JamieG
23-04-2011, 15:15
Its a classic insurance policy, rather than a normal policy.

GabrielKnight
23-04-2011, 15:25
I did click on the 'classic car insurance quote' button here:
http://www.lancasterinsurance.co.uk/

I only did 2500 miles last year and am basically keeping the car as a future classic so don't know what I filled in wrong to get such an aweful quote?

Wobba
23-04-2011, 19:36
Firstly, that was 5 months ago. The ratings the Insurer uses may well have changed. Also, there are other variables such as postcode rating.

I've not bothered shopping around this year as it's a right pain with my car and all the mods, it has gone up since last year despite no claims etc. £579.99 this year.

diditno
23-04-2011, 20:21
ive just been quoted 545 for the turbo, thats with everything declared, forged internalls, exhaust, turbo, the usual stuff. still more than last year, try phoning sky insurance. seem the best around at the mo.

djtlane
23-04-2011, 21:37
limited mileage (3000) with Sureterm direct 165.00 fully comp

acerimmer
24-04-2011, 08:30
am with peter best car insurance, it should cost me £230ish but am paying over 10 months and its £250ish. I was having quotes about the £400 mark, just for my willy as a second car.

talkingfish
24-04-2011, 10:34
As previously mentioned, it is a classic policy with an agreed value and mileage. I am also under the impression that only Williams 1's qualify for classic insurance but I could be wrong. Classic insurance is different in that you don't need or accrue no-claims bonus - hence why it is often way way cheaper.

GabrielKnight
24-04-2011, 17:14
1. So are all of these much lower quotes insured under classic insurance?

2. And you can't gain or accrue NCB under a classic car insurance?

3. So under a classic car insurance I would loose all my 5 years years after 2 years?

In which case:

4. Would it work out better for me in the long run to buy and insure a group 1 car and SORN it to keep up my NCB while insuring the Williams under a 2nd car as a classic?

5. Is that legal?

2 live
25-04-2011, 00:27
from what i was told about classic car policies.....you have to have another policy running for you, as a driver, to qualify for a classic ins policy. i.e. have another 3rd party/fully comp policy on another vehicle.

talkingfish
25-04-2011, 10:00
I don't have insurance on another car for me to run my classic insurance. Yes, you would loose your no-claims and you wouldn't accrue any further no-claims whilst on the policy. It is up to you to decide which is worth more. i see no reason why you can't but a "scrapper" and insure it for peanuts if you want to protect your NCB for future vehicles.