Classic Insurance Policies

[ant_8u]

Ok guys

Ive spent the past couple of days playing about on all the comparison websites getting quotes for when my new arrival gets here

After doing a bit of searching on the internet I've found that there are cases where it's possible to take out classic insurance policies and save yourself some cash

I'm interested to hear if anybody has any experiance of such policies, and if so, what advice can you offer?

Thanks

[16v_paddy]

The usual routes for insurance (comparison sites etc) are utterly useless for these cars, fortunately there are quite a few people on here that have got classic policies & will be able to help you out finding someone suitable

[ant_8u]

Excellent


I've also tried getting day-insurance on the car just incase I have to drive it back home when I buy it

So far I've only found one company that'll do day-insurance, and they quoted me £60.....ermmmm, no thank you :)

[Chris197F1]

Are you not covered on your current policy to drive another car? (assuming you have a current policy)

[B00ST]

Give Peter Best a call, we pay just over £100 fully comp with breakdown. The mileage is limited to a max of 5k, but speak to them, they may be able to do something if you need more.

[ant_8u]

Are you not covered on your current policy to drive another car? (assuming you have a current policy)

Yep, my other cars are insured fully comp

My understanding is that allows me to drive other cars that are not owned by me, as long as those vehicles have their own insurance policies

in order to drive the Williams it will also require it's own policy (as I'm driving it, and it's owned by me)

That's my understanding anyway

[ant_8u]

Give Peter Best a call, we pay just over £100 fully comp with breakdown. The mileage is limited to a max of 5k, but speak to them, they may be able to do something if you need more.


Excellent stuff, I'll give them a call on Monday

[diditno]

i enquired about a classic policy for my willy, and tbh it was a joke. it had to be garaged, under 3k a year, etc etc. then they wanted £278. so got a normal poilcy without all the conditions for £300. may be worth checking for both types of insurance tbh.

[ant_8u]

Yeah, That does sound a bit off to me

I wouldn't be worried about restrictions like that, as that's the kind of usage my car would get
But, I'd expect some kind of reduction in premium as a result

I'll check both types of policies with a few companies to see what's what

[ianbirch]

The main advantage I find with a classic policy is to get an agreed value.

Cheers Ian

[ant_8u]

Am I right in thinking I can only use my current no claims bonus on only one car/policy at any one time?

ie: I currently have 7 years no claims, and I've declared this on my insurance policy for my daily driver

When I come to insure the Williams I'm guessing I can't declare that 7 years no claims again, as they're currently "in use"

Is that correct?
Would I have to state zero no claims for the Williams policy, and build up a secondary no claims?

Or, can I just use the 7 years no claims I already have, and apply them to both policies at the same time?

[16v_paddy]

You need to ask if they will mirror your current NCB, some companies will & others wont plus it may depend on your circumstances. For example, on my highly modified balls to the wall track car, my broker (greenlight) agreed to mirror my NCB & applied it to the quote for it on the basis of limited mileage, what it's primary use will be - to & from track days but you can safely wager your house that I'll have the odd play with it on weekends :lol: - where it'll be kept etc. But I suspect they were only happy to do this as I already insure my current car through them so it's a case of if you don't ask you don't get.

But technically you are correct, you have to declare zero no claims as you can't "use" your NCB on more than 1 policy. You're entering the realms of where specialist insurers are the only viable way of insuring these cars as the mainstream insurers wont or cba to cover these type of circumstances competitively.