Classic Car Insurance

C

cj10jeeper

Lifer
 Lichfield, England
Has anyone looked into this type of cover for the Zed?
I've done this before on a 6 litre Jeep of 1979 vintage and come out at £100, but not researched it on a newer 'old' car.

Given mine's 12 years old, use it for low annual mileage and have access to another 'main' car, I wondered if it's a viable option?

Could get an agreed value too as opposed to the usual age related silly figures vs real value.

Interested in anyone who's done it, researched it, tried, etc.
 
I have just put my Golf back on that on as we bought another car so I hit the limit on the maximum cars for the group policy.

What I like is the agreed value (with pictures), agreed mileage (no problem for me) and how cheap it is (£56 base premium but with all the taxes and commissions about £90).

It even includes two track days (yes, likely …).
 
I'd suggest contacting the specialist brokers such as Footman James, Peter Best, Lancaster etc whose main business is classic and modified vehicles.

I think that the biggest problem is finding someone who will class the Z4 as a classic. Whilst we all appreciate their virtues, I am not sure that many people would see them as classic cars just yet, if ever.

When I had my Z3, this topic was debated at length on their forum and I think that very few insurers - if any - saw them as being classics let alone the newer Z4.

Might be different for the rarer models such as the Ms though.

I have my two Triumphs insured on agreed value, limited mileage policies so am well aware of the benefits, but I'd be surprised if the Z4's time has come.
 
You need to be careful on the 'agreed value' bit. That is only what the insurer believes you could sell (yes, sell!) the car for. In the case of our '69 Mini that meant a derisory sum and a fraction of the costs of getting the car back to its original state.

But if you can get a classic insurance quote, then it should be very cheap as pvr pointed out. Neither our Mini nor Alfa cost much more than £100 to insure.
 
Mine is effectively insured on a classic policy. Limited mileage, agreed valuation facility, 4 track days a year covered. With classicline - I've found them to pretty good really apart from the usual song and dance at renewal time. My policy is about £360 on the Z4MC. :thumbsup:
 
Just for interest, I've put my details into Confused.com for a 58 Z4M coupe with a value of £20k.

Full NCB, no convictions, 55 years old (but look much younger!) and the best quote was £268.

...and that's with NO mileage restriction as it will be my daily driver.

Eight quotes are under £360.

Perhaps you are younger than me Guvnor, or have a bit of "history" but classic car insurance is not always cheaper.
 
TR4man said:
I'd suggest contacting the specialist brokers such as Footman James, Peter Best, Lancaster etc whose main business is classic and modified vehicles.

I think that the biggest problem is finding someone who will class the Z4 as a classic. Whilst we all appreciate their virtues, I am not sure that many people would see them as classic cars just yet, if ever.

When I had my Z3, this topic was debated at length on their forum and I think that very few insurers - if any - saw them as being classics let alone the newer Z4.

Might be different for the rarer models such as the Ms though.

I have my two Triumphs insured on agreed value, limited mileage policies so am well aware of the benefits, but I'd be surprised if the Z4's time has come.
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Just to clarify 'classic' is perhaps a confusing term. Doing some initial research you can actually insure a brand new car on a classic policy. Clearly not a standard saloon, but a different car.

Agree that contacting specialist is the way to go but for now I'm really interested in those who've done it, before I embark on such a route.

PVR - that sounds like you've made it work, albeit on a slightly older car.

Nick - interesting point re the agreed value. I understand that you will never recoup in effect restoration costs, but equally I think mine is worth much more that standard book value. That would be an interesting discussion with insurers.
 
It is you who defines the value and for which you get the certificate. The pictures etc is just to prove that the car is at you state. If you put your car up as agreed value of say 10k, and they accept it, then that is what you are insured for.
 
Our 89 VW Campervan is on classic insurance with an AV and restriction to 2k miles a year - thats with HIC for £150 ( probably could get it cheaper but been with them for 9 years ) - previous 1991 Lotus Elan was classic with Carole Nash as I recall again with AV and restricted miles - from memory was about £200 . Seem to recall classic is defined by year - one pertinent point is that classic insurance has no discount for no claims bonus and if you cancel it for any reason you don't get any refund but this might be different with other Companies.
 
If your looking at the specialist insurers I'd check out A-plan also.
They have been very good to me with the Westfield the last few years and even managed to figure out how I could insure as cheap as possible when u knew I wouldn't be able to drive it. 3rd party 500 miles nothing else!
 
TR4man said:
original guvnor said:
My policy is about £360 on the Z4MC. :thumbsup:
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That's good???
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My M Roadster costs almost exactly £200 per year with Admiral.

Both Mrs R and I have full no claims and no convictions, she's 48 and I'm 59. The car is a daily driver, but only does 8k miles per year, as it's not the one that does the mileage.

I like the idea of a guaranteed value though - I'd happily pay a bit extra for that peace of mind.
 
Im with Classicline also & virtually mirroring OGs except track use .
You can opt for £20 extra to agree value with some pics required for proof of condition .
Mine is classed as a "future" classic & also covered my Zcoupe, 996 ,645Ci & a V6 TT the same way with no need for any NCD to kick off with :thumbsup:
 
Just note that if you put a car into a classic car insurance, that your no-claim entitlement is only valid for 2 years - so you have to assign it to another car in that time or lose it.
 
I'm 46 and have one speeding conviction and one fault claim in the last 5 years so that's why mine is a bit dearer.

Mr W - if you're with classicline your track day cover is included automatically.

pvr - my NCB keeps accumulating because I checked with classiline this time around.
 
original guvnor said:
I'm 46 and have one speeding conviction and one fault claim in the last 5 years so that's why mine is a bit dearer.
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One of the few advantages of getting older is that your car insurance gets cheaper :)
 
When I first started insuring a none classic 2nd car I went with Axa for a year, I already had my other car insured with them at the time, The deal was that if I kept the 2nd car insured with them for a year and made no claims (I think) then they would credit me with the same number of years NCD as on my other car. Its worth looking to see if there are similar deals around.

So I now have two cars both with maximum NCD and can shop around to my hearts content for cheap cover. But as the Z4 only costs me £98 per year on my multicar policy I don't really bother shopping around that much
 
original guvnor said:
pvr - my NCB keeps accumulating because I checked with classiline this time around.
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That was my understanding to when I had mine insured with them.
 
Have my E36 M3 Evo with Classicline on a 5k a year mileage policy. Was £274 and that is agreed value and excess of £100. Most classic policies are limited to 5k miles, but the car has to be over 20 years old in most cases.

Z4MC is with esure for £300 with 10k miles and protected no claims.
 
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