Insurance

[Beaker]

Does anyone know of any insurance companies which will offer multiple car policies?

Cheers

Lindz

[Jolly_MG_Maestro]

Theres not many at all Linz I'm afraid, insurnace companies have cracked on to this and only like to insure 1 car for 1 policy and any additional cars you have to insure on separate policies with no NCB as you cant transfer it to additional policies, and of course with no NCB the premiums go through the roof, and a nice little earner for the insurance companies :rolleyes:

But if there are any out there please let me know!

Paul

[SimonR]

The best people I've found so far for this are Churchill. What happens is that you insure the first car with them and then they allow you to take a second policy out with the same number of years No Claims and a 60% premium reduction.

That's what I'm up to next month for my other Maestro - just as soon as I can be bothered to tax it.

I think that Norwhich Union also offered something similar, but I cant remember as they wouldn't insure me due to my car having a new engine. Rotten swines! :banghead:

[J199 HHG]

Aren't there any commercial type policies - garage owners must have cover for customers cars?

[Beaker]

Seems odd, won't insure you because it has a new engine? I would understand if the engine was different, i.e if it was a different size, but not exactly the same specification of engine just newer.

Might have a look at churchill tonight then, cheers for the suggestion.

[e692wtt]

MoreThan told me I could insure both my Montegos, on 2 seperate policies but with full protected ncb on both policies (the full protected ncb earned on just the one original policy on Monty), when I had the VDP (now long gone...) as well as Monty.

Could be worth a try?:)

[Beaker]

Just did an online quote with More Than they wanted to charge me nearly £900:censored: :shoot: :horror:

Well i think they know where the can stuff that quote.

You are right tho' they do match your NCB for a second if you already have the first car insured with them.

Lindz

[SimonR]

Yeah, it's odd - several companies would not insure me because of that new engine although it's exactly the same as the old one. I don't know whether or not I shuld mention it in the future as a modification. I think as soon as the DVLA have confirmed that their records have taken account of the engine no. change I'll leave it at that.

[Beaker]

I wouldn't mention it, I have never bothered after we put a replacement engine in george. I just informed DVLA of the change of engine number and that was it.


I don't count it as a modification, as it's just a replacement part. I mean you don't inform the insurance company that you have replaced the starter motor or distributor cap, or something to that effect.

Lindz

[e692wtt]

For so-called Trade Policies, try the classified ads in the back of Car Mechanics mag. RoadRunner is one name that springs to mind.

[Landcrab1800]

I have 4 cars on a single policy.
They are all pre-73 and this might make a difference.
The company I use is Footman and James.

Ego is insured through them as well

[Ricky]

Hi All,

Just read the thread again, as I am hoping to find a limited mileage policy for the MG while having the peugeot as a daily driver, but every company I try seems to have a clause whereby you have to be 25..... why? is someone under 25 going to be considered culturally inadequate and therefore not likely to own a classic car, cos anything other than a saxo or a nova just isnt a car?? Has anyone had any luck with a limited mileage policy, I was hoping to get one for about 2600 miles for the maestro (50 a week!). Only snag is that I lost all my no claims in july (will watch where im going from now on!), so I know this is going to affect the price, but surely it is possible somehow at less than a grand for an '84 MG Maestro 1600 and an '86 Peugeot 309 GE 1.3??

Thanks,

Ricky.

[Beaker]

I had a quote from Adrian Flux that I was very happy with. (I haven't taken them up on it yet, as the car won't be on the road till April).

It was a classic car policy, limited mileage of 3000 a year. Also an agreed insurance valuation.

I think the quote was £400 with no no-claims bonuses. (I am also under 25)

There are a few insurance companies out there other than Adrian Flux, who will insure under 25's

I think Lancaster is one of them, can't remember the others off hand. But search the web, or buy Practical Classics for Insurance Companies.

Skatie

[Quality]

Originally posted by Ricky
, but every company I try seems to have a clause whereby you have to be 25..... why? is someone under 25 going to be considered culturally inadequate and therefore not likely to own a classic car,

Is it just a kartell, or an ageist kartell?

[e692wtt]

As drivers age and gain experience (or both...) they make less Insurance Claims. An arbritary cut-off for minimisation of payments against claims is 25 years of age, sadly. Just that - arbritary. Some Insurers cover drivers from 21 years of age, and some will cover drivers from 17. The cost of claims is covered by premiums paid by all that Insurance Company's clients, with the more-experienced drivers paying less than the less-experienced drivers who pay more because they are more likely to make a claim. If an Insurance Company covers drivers aged 25 years up only, they will pay out a lot less in claims than if they covered the same number of drivers but of all ages from 17 years up - in the latter case, the costs of claims would be higher and so all the clients would pay more in premiums... to minmise their risk therefore they only cover 'older' drivers, eg aged 21 or over, or 25 or over. Sad but true.

Of course, as above, if an Insurance Company insures drivers from 17 years of age, its claims payments will be higher - but if it is one of only a few Companies that cover 17 year olds, its claims outgoings will be higher still, the whole picture is distorted... to the point it is cheaper *not* to have Insurance...:shoot:

Is this a Cartel? Allegedly, quite possibly... but I'm a cynic (as if you hadn't guessed).

Best advice - shop around. Not 2 or 5 or 10 Insurance Companies, but 20 or 50. It'll take a couple of days, but you will save money after paying for the phone calls.

[tony]

the one i use is chris knott insurance
www.chrisknott.co.uk

[Katana550]

Some of my vehicles are insured through Performance Direct - In the past when I mentioned multi-car policies they stated that they were looking to bring them in so maybe it would be worth trying them!?!

Tim