Some people think of classic cars as the transport of eccentrics and TV detectives. Others consider them to be glamorous, expensive, and high maintenance status symbols. But the reality is that many classic cars simply do not fit these stereotypes. A classic car is easy to rave about but incredibly hard to define. Who is to say that a cherished Austin A40 in a supermarket car park is less of a ‘Classic Car’ than a Mark II Jaguar at Ascot? And that’s where you need to know what is and isn’t classic – it will make a huge difference to your car insurance premium.
Top tips for getting the best deal
• It is widely reported in the motoring press that classic car insurance is far cheaper than a modern car policy but it is important to be vigilant and well informed.
• The condition and scarcity of a classic can vary dramatically, and an owner’s perception as to the value of his beloved car can often be at odds with his insurer’s valuation in the event of a claim.
• Search for a specialist insurer, they are more likely to provide specialist assistance and provide a better rate.
• It is vital that you take out a guaranteed agreed valuation when insuring your classic car.
A genuine agreed valuation is the value guaranteed by the insurer should the car be written off or stolen. Make sure you check that your valuation is ‘guaranteed’, as some insurers have refused to pay out the full amount, despite the owner believing that they were fully covered.
Insurers may or may not make a small charge for an agreed valuation but it can be a false economy to omit it from your policy if the pay-out on your claim turns out to be hundreds or even thousands less than you thought. So, if you are surprised to learn that insurers consider your beloved 1970’s Datsun Cherry a classic, make sure you take care when choosing your car insurance policy!
A car as special as yours deserves a special kind of insurance policy. That’s where Peter Best Insurance can help. With over 21 years experience in arranging specialist insurance of classic cars, they are well placed to provide you with classic car insurance quote and guidance in selecting the best policy for your car.
Peter Best Insurance Services Ltd is a specialist insurance broker with over 21 years experience in the collectable cars, motorbikes and commercial vehicles markets. The business operates out of two offices in Essex – Maldon is the main office dedicated to classic cars including MGs, Morgan’s, 4x4s etc (01621 840400), while Kelvedon has certain car schemes for Mercedes Benz, Volvo, Saab, BMW, for example and classic motorcycles. (01376 573033). Collectable commercial vehicles are also catered for here together with kit cars.
With their interest in the classic market, they have also forged strong connections with many of the car clubs such as the Mercedes Benz Club and the MG Car Club. This enables them to offer discounted premiums to existing club members, providing they can supply their proof of membership.
They have a portfolio of insurers who have created a selection of policies specifically designed with the classic enthusiast in mind. These will offer the best levels of cover at a competitive price.
Steve Ashby
http://www.articlesbase.com/insurance-articles/classic-car-insurance-quote-86693.html
Reasonable classic car insurance for a 17year old?
Hi all,
i’ve just bought a 1978 mgb gt and i’m looking to get insured on it.
I have 3 points on my licence for speeding, i’m 17 years old.
Can you suggest anywhere that may give me a quote below £1.5k?
what would you suggest would be a reasonable quote, considering my situation?
thank you in advance.
edit, i’d like to point out i live in the UK so american websites don’t really help.
thank you for trying though.
There are several web sites for classic car collectors, and several magazines aimed at them; those sources probably have ads tailored for insuring the vehicles. At 17, however, you may have a problem, since you’re under 18 and can’t enter into a contract, at least in the US; it may be different in the UK.
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Adrian Flux,Budget Insurance,Lancaster Insurance,–edit– MGBGT is a solid car with the proven B series engine.The king pins on the steering need regular greasing and they were quite a reliable car.Not fast by todays standards but fast enough.If you shop around and agree to a limited annual mileage you should get a reasonable quote somewhere-best of luck
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Hi,
Well, (apart from a questionable taste in cars (MG’s are useless bags of cack, FACT) the three points you have on your fresh, not-yet dried licence (I speak with halo intact, after 25 accident-free years) will preclude you getting a ‘reasonable’ quote. If you had a more modern, inoffensive daily-driver – something like a tinny little Peugot 106 or a VW Polo – you could probably get a limited-mileage policy FOR YOUR SECOND CAR, THE MGB, on the cheap, though lots of No-Claims-Bonus and a clean licence are what brings your premium down.
As a daily-driver, and your only car, I think you will be offerred quotes that will be rather high. I wouldn’t trust an MG to get me to work, reliably. I’ve seen people try, but these old crocks (their charm is totally lost on me) are best fiddled with at the weekends, when not arriving on time is a mere inconvenience.
Try the insurance adverts in the back of Practical-Classics magazine, and Classic Car Weekly. I think both of those have websites.
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If in the UK you have the deck of cards stack against you,for two reasons,firstly you have an endorsement secondly you are under 25 and thirdly the car you have.
Personally I don`t think you will do any better with any insurance company.
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my opinion
Hey there, see http://simplyinsurancequotes.com/uk/eGroupmotoring-insurance-quotes.php?id=8899
They’ll sell you insurance MONTH BY MONTH so if your 1978 mgb happens to break down (very unlikely I admit) you can just put it in the garage or on blocks and at least you won’t waste any money on insurance (while it’s getting fixed).
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Ho ho ho! Every one rolls around laughing. You are a new driver of 17, already with 3 points on your licence, wanting to insure a sports car (despite the fact that most small modern ‘ordinary’ cars will leave it for dead). Reasonable is not a term you are going to find and most classic car insurances are also mileage restricted.
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nice car! – i have just got a 1975 one!
try upping your excess on your inusrance to see if that reduces your premium
References :
Considering your situation, "a good quote" would be anything you can get at all as most will not want to insure a 17 year old with 3 points for speeding! Are you trying to get comprehensive insurance? I hope not!
Btw for the same price and also in the same insurance bracket you could have had this http://www.seriouswheels.com/pics-abc/Alfa-Romeo-2000-GT-Veloce-Green-st.jpg
It will beat any 1978 mgb gt in fourth with an extra gear to go
This is nice too and same insurance bracket as yours:
http://www.alfabb.com/bb/forums/attachments/alfetta-gtv6-1975-1986/32961d1142006659-alfetta-gtv8-la-bomba-gtv8-20werksphoto-202.jpg
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