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Post by welshbluebird on Dec 19, 2011 15:42:52 GMT 1
Hey guy,
I'm in need of some help, I've passed my test recently and I'm wondering if there is any insures youd recomend. That aren't through the roof
Your suggestions will be much appreciated
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Post by timsmini on Dec 19, 2011 17:41:03 GMT 1
Go through the adds in the back of the mini magazines
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Post by coedy on Dec 19, 2011 18:36:20 GMT 1
Im with footman & james on a classic policy.
BUT.
You dont build up no claims bonus... so your pretty much stuck with them from now on then..
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Post by rhid_93 on Dec 19, 2011 19:50:50 GMT 1
do we not??? i never new that!!!
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Post by coedy on Dec 20, 2011 0:20:55 GMT 1
yup. apparently you dont get any on any classic policy.
I aked them how many years no claims I had (I couldnt remember when I joined with them and wanted to protect them if possible) and they said classic policies dont have no claims, but they could send me a certificate to prove I havn't made a claim. But any other company wouldnt take that as no claims so wouldnt get a discount for it.
Last year my renewal was like £360. cheapest quote I got elsewhere was £1600. Because as far as they are concerned, I dont have no claims.
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Post by rhid_93 on Dec 20, 2011 18:10:38 GMT 1
haaa i never new that:/ but still it out ways the price of others
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Post by coedy on Dec 21, 2011 1:48:08 GMT 1
The no claims thing has knackered me if I ever want to get a daily driver or 'winter car'. Ive tried getting quotes on my stuff like 1.3 polos and it comes back as £2500+ because of the no no claims thing.
Remember, the only reason the Polo is coming up at £2500 is because of no no claims, If I put 4years on my quote its down to around 600.
If I had the chance i'd have not gotten a classic policy because of that... It would have ended up costing a bit more over all, but if something ever happened and i lost the mini *frantically slaps his hand against wood* I wont be left paying a couple of grand for some modern (by comparison) shed.
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Post by coedy on Dec 21, 2011 2:26:54 GMT 1
OK. Seems prices have gone barmy now that Im 25... Just did a few more quotes.
My Mini, same cover as I have now (but no agreed value, because confused.com doesnt tell you if there is or not... which is useless..) all mods, value placed on it the same as my current agreed value - £590 cheapest.
Ive no idea what my renewal will actually be, but probably around £200-£300 I guess...
Then for a laugh looked on ebay to see what small rubbish sheds they had cheap.
Metro 1995 1.4 Auto. No mods. Exactly the same otherwise (same mileage, excess, etc, but only £400 value as its buy it now for £400)....
Fully comp - £790
1997 Mercedes C180 1.8 SportAuto. Black, no mods. same as above but value £600.... Fully Comp - £894
TPFT - £804
Ive no idea how insurance works any more... a 1.8 merc that is 2 years newer than a "similar" 1.4 metro costs only costs £100 more?
So seems that no no claims isnt as crippling as I thought/remembered... but Ive no idea how it dropped from 2k+ down to under £1k for similar cars in a year...
(also, the Merc looks pimp as hell..)
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Post by musicmutt on Jan 6, 2012 20:40:54 GMT 1
It Is Correct that you cannot get a no claims discount with classic car insurance policies as most classic cars are not used daily and usually the policies have an agreed annual mileage ,,, the higher annual mileage the higher the premium ,,,, it's all related ,,, if you supply photo's of the engine bay + front and rear and both sides of the car and a photo of the interior to classic car insurers eg Adrian Flux you can get an agreed valuation so if you happen to get involved in an accident provided the repairs do not exceed the agreed valuation your classic car is guaranteed to be repaired
my 97 Cooper Mpi with agreed valuation and 1000 miles per year gets me insured for less than £150 fully comp (age 63) with Equity Red Star You Could also try Adrian Flux Insurance Group for a classic car Quote
if I remember correctly insurers base their quotes/prices on type of car related to accidents/age group for example if you had a Citroen Clio or Pug 206 lets say a 1200cc or similar small car being the most popular type of car for young drivers after passing their test and as statistics show the accident rate is higher within the young drivers age group therefore up goes the premium which is also related to repair costs this also applies to the older driver with a similar car in some instances
so just to put it into perspective I had a quote for a Saxo 1.5 diesel of £490 after my max NCD was taken into account because the Saxo falls into the higher accident rate statistics of car models ,,,, barmy or what and that was at the age of 61 two years ago ,,, and no I'm not having a dig at younger drivers my insurance when I was described as a younger driver was £150 ish back in the late 60's early 70's yes very expensive and would be on par with today's quotes taking earnings/inflation into account for the younger driver of today
in the late 60's a 3 bed house would be about £5000 today that same house would be £150,000 ish ,, in 1970 you could buy a new Austin Mini for £600 the Rover Mini in 1999 the last of the classics cost £10,995 ,, 1970 the National average weekly wage was £34.61p(£1,801 a year) in 2009 it was £722.70p (£37,580) you would get roughly 3 gallons of petrol (13.65 liters) in the early 70's for a £1 today the same 13.65 liters at the average of 132p would cost £18.01p so you see all the prices are relevant to earnings/inflation so a younger driver I assume could be quoted anything from £1500/£2000 or even more for car insurance depending on the model of car they have so you younger guys and galls have my sympathy because it ain't easy for ya at all ,,,,
it were hard in my youth as well ,, so nothings changed in perspective from of my early 20's and today's prices it's still very expensive
and finally a pint of beer cost just 4 shillings >> 20p yes 20p a pint or 5 pints for a pound ,,,,
I bet that made ya smile,,, regards to all MM
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