20 years old - classic or cherished

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SCORPION
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20 years old - classic or cherished

Post by SCORPION »

Now most of the Z1's are over 20 years old, has anyone noticed a reduction in insurance. In the "old days" a car had to be 20 years old to be classed as a true classic and benefit from cheaper insurance.
benslick
Joined: Wed 06 Apr, 2005 15:48
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Classic

Post by benslick »

Hi,

I pay £300.00 a year on a classic policy but have limited milage of 3,000 miles inspite of my driving history! It's the way to go..
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Racing Tortoise
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Post by Racing Tortoise »

I have a classic policy and pay a smidge over £400 a year with mileage limited to 2,000 per year (mileage might sound low but I've only done 1,000 miles since the current policy started in July 2010 so is about right).

That's high compared to Ben's, but then I do live in central London (albeit that the car is garaged) and I did have a total loss pay-out on my last Z1 last year!

In previous years, it's been nearer £200 pa.
Currently: bereft of Z1
Previously: 1991 Ur-grun Z1 and 1991 Traum-schwartz Z1
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Jet
Joined: Fri 14 Nov, 2003 16:24
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Post by Jet »

Doubt you will notice a reduction, as its broker dependent, not industry standard, I used to be with Carole Nash and their Classic Policy was based on having accrued a number of years NCB, something my new broker did not require, so huge differences in price. I paid £190 last year, but expect that to go up, as insurance premium tax has risen and insurances losses have increased.
Pat Slade
Joined: Wed 31 Mar, 2004 17:12
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Post by Pat Slade »

I seem to be in line with Jet. Paying £190 for an annual limit of 1,400 miles. Expecting a big jump this year! Looking back over the years the cheapest it has ever been was in 2008 when it was £180. Worst 1999 £510.
It really does need to be looked at regularly, and loyalty counts for nothing. It has been on a limited mjleage classic policy since 1996.
Fingers crossed for this renewal!
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BBZ149
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Post by BBZ149 »

Just did a quick confused search and will be changing my policy from Post Office's £420 to Performance Directs £227.64 per year :)

Have a laugh; the most expensive quote was Marks and Spencer’s at £1935 I wonder if that includes a freaking complete M&S house furniture makeover :lol: I think they should stick to selling good quality food :roll:
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BBZ149
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Post by BBZ149 »

How many of you changed your wheels and declared it to the insurance broker? Does it put a lot on the price of the policy? Cheers
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Jet
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Post by Jet »

BBZ149 wrote: Have a laugh; the most expensive quote was Marks and Spencer’s at £1935
If you really want a laugh, goto the webuyanycar website and see how much they offer you.
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BBZ149
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Post by BBZ149 »

Jetski wrote:
BBZ149 wrote: Have a laugh; the most expensive quote was Marks and Spencer’s at £1935
If you really want a laugh, goto the webuyanycar website and see how much they offer you.
I’ll take a look, but as they say webuyanycar and I bet the do! That’s if you’re prepared to sell it to them for silly money Lol
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Gazza
Joined: Tue 04 Oct, 2005 20:58
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Post by Gazza »

I have a few Classics, based in Romford Essex, cars either garaged on on the drive.

1965 Mustang Fastback Value £25k, Agreed Value, 3000 mile policy, £127.00

1970 Mustang Mach 1 Value £18K, Agreed Value, 3000 Mile, £93.00

1984 Ford Capri 2.8i Value £3k, Agreed Value, 6000 mile, £92.00

All are insured with specialist called RH Classics 01277 206911
Gazza

"Understeer is when you hit the wall with the front of the car, oversteer is when you hit the wall with the rear of the car. Horsepower is how fast you hit the wall and torque is how far you take the wall with you"

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BBZ149
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Post by BBZ149 »

garythefish wrote:I have a few Classics, based in Romford Essex, cars either garaged on on the drive.

1965 Mustang Fastback Value £25k, Agreed Value, 3000 mile policy, £127.00

1970 Mustang Mach 1 Value £18K, Agreed Value, 3000 Mile, £93.00

1984 Ford Capri 2.8i Value £3k, Agreed Value, 6000 mile, £92.00

All are insured with specialist called RH Classics 01277 206911
Cheers for the info garythefish, Just re-insured with them for £200 :D
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Gazza
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Post by Gazza »

Glad to be of service :wink:
Gazza

"Understeer is when you hit the wall with the front of the car, oversteer is when you hit the wall with the rear of the car. Horsepower is how fast you hit the wall and torque is how far you take the wall with you"

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sfh3l
Joined: Fri 02 Sep, 2005 16:07
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Post by sfh3l »

I tried Webuyanycar.com when I was first thinking of selling the M3 Sport Evo and moving to the M3 CSL.

To disclose numbers on the net would be inappropriate, but let's just say that the price the car made at private sale without any real pushing was 200 times the 'banker' offer from the website. 200 times, no exaggeration!

They may or may not be any good for mainstream cars - I have no experience. Anything performance, left hand drive or as mine was, stolen recovered - forget it

I still wish I hadn't sold it mind you.....
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Sam Lever.

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Racing Tortoise
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Post by Racing Tortoise »

It's not just WBAC that take the michael.

I just sold my 330d for a not inconsiderable £3,100 more than Vines of Guildford offered me in part-ex!

Moreover it sold within five days of going on Autotrader so I obviously got the pricing spot-on.
Currently: bereft of Z1
Previously: 1991 Ur-grun Z1 and 1991 Traum-schwartz Z1
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