I have just had my renewal in and thought I would get a quote for a classic policy to compare the two.Both quotes are within £3 of each other.Apparently the classic policy would have been a fair bit cheaper but the mod's on the car have increased it to a similar price as the standard policy I currently have.I can get an agreed value with my current insurer so no difference there.
It would seem I may as well stay put.
Do you have to provide 7 photo's and state annual mileage and give a list of upgrades with costs ?
Usually any mods are included in the value, there's also 'Salvage rights' or similar, so any mods/upgrades can be removed if needed. Mine is agreed at £3.5k.
I was told by one company as long as I don't drastically increase the cc of the engine any mods won't increase the premium. Your classed as an enthusiast rather than a boy racer.
Some companies allow you to drive any other car fully comp up to £20k in value not owed by yourself as they know we all drive each others occasionally.
This is something I'm looking into for full members but as yet no company has come forward with a reasonable package for insurance for individual members.
1993 220 NASP
1972 MG Midget
1998 VVC in rare tahiti blue
1993 220 turbo track car
I'm a "Ringer" '07, '08, '09
Managed to get mine on a classic policy this year, significantly cheaper than a standard policy in my case and covers events, but doesn't offer much else. Still no agreed value, maybe next year - it looks like they are starting to take the coupe more seriously. When it's a bit borderline sometimes a specialist / classic broker can help as they sometimes negotiate with the actual underwriters on the conditions.
Classic policies do tend to be much more restrictive and stricter on mileage, not that many of us are affected by that!
220 Coupe - naturally aspirated. 1995 M reg. Charcoal.
I can get an agreed value on the standard policy currently running,just didn't bother last year.
I agree,not really enough in it to make it worth changing.I looked into a classic policy with Chris Knott last year but the car was one year too young so it's eligable this time round,as would yours be.The guy at CK did a quote last year based on the car being 20 years old and it came out at £97 .But as soon as you start adding serious mod's like ECU's it knocks the premium up.The quote this year for a classic policy was with CK again.
As above,f your car is standard then there are savings to be made with a classic policy.
Worth remembering too that any NCB accumulated disappear after 2 years on a classic policy.I might just give flux a ring to see what they come up with as well.
Purple 1.8 VVT
2012 Toyota GT86
1998 218VVC Anthracite
1998 218VVC Platinum Silver "Project MNX" - now broken, some parts available
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My classic policy in unlimited mileage, travel to work and own business use. and for a small extra fee I could add cover to drive any other classic.
last year I put one off my younger 75,s with them and if did not cost any extra and indeed it reduced the cost
Maybe I just got a good deal due to the number off cars that I have covered
£145 for the year, all in,I'm quite happy with that.This also includes an agreed value at no extra cost,just got to send them some pic's.Conditions include limited to 4K a year,garaged at night,protected NCB and £100K legal cover.Pretty good deal I would say.
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