Insuring your P6.

WarrenL

WarrenL

Active Member
What sort of insurance policy do you hold for your P6, and how much does it cost you? I'm interested because I see that Pomsiders pay generally extortionate insurance premiums for their pride-and-joys compared to out here in the Dominion.

For example, Brown Rover operates under a classic car policy issued by AA Insurance. For an agreed value of NZ$20K, 5000 miles, I pay $190 per year. Note that that is an agreed value, based on what it would cost me to buy another P6 and return it to something like the condition that Brown Rover is in, rather than what I might expect to realise for it on the open market on an average day.
 
Well i just have a basic policy with Footman James as they were the cheapest 3 years ago when i first got my car and had no experience of Classic car insurance. First year was around £110 with no agreed value, unlimited miles and European breakdown cover. Since then the yearly fee has crept up to around £125 for the same deal. Agreed value doesn't affect me to much as my car is at the cheaper end of the scale :oops: As for unlimited miles i probably did around 2000 miles last year so not really any better off their ! Also wouldn't have a clue what to do or who to phone if i broke down as i would rely on family or pals to come and rescue me so can't see me ever using that :?
Will need to look into some sort of laid up type insurance for my 2 projects when i get the paperwork for them and have to declare them sorn not sure what the rules are on this though :?:
Tam.
 
Mine is with Adrain Flux . £105 , for the policy and i paid an extra 25 quid for European cover . That.s with a 5k limit ( not ever going to be a problem ) And £7k agreed value . As with Warren more to reflect what i paid for Her and what i've put into it since / what it'd cost to find one in similar condition . I Can also drive anything else on my policy but only 3rd party .
 
Mine is £129, classic car policy with Lancaster and an agreed value of £3000.

I will not insure with Footman Jame's even if they were giving the policy away, a long story short,

Morris minor had a small loom fire.
Car is completely standard with less than 40k on the clock and nothing electrical added.
informed insurance
they advised car to be recovered to morris minor centre in kent
morris minor centre contacted the insurance via phone with quote and instructed to go ahead with work. (quote also sent)
Paper conformation never arrive.
They then denied call and I end up over £1000 out of pocket
refused to pay as it was electrical fault.

I know there were failing's on both parts but why they will not pay for an electrical fire I have no idea on a completely standard car, they arranged recovery and I end up paying for it, just wrong on so many levels.
 
My new Austin 10 is $90.00 per year for $10K and 5K km's via AA Classic insurance.

Graeme
 
Not exactly sure as I have 3 classics on the same policy from RH, but the Rover probably accounts for about £120. For that I have 5,000 miles and breakdown cover (which alone is worth £80 or so and has been excellent the couple of times I've needed it).
 
Adrian Flux, £160 a year for the '64 and '65 cars..

Girlfriend's 81 Mini costs more to insure than my V12 E-type.

Prices aren't that bad over here. They've certainly come down in the last few years.
 
Classic Muliti car policy with FJ . Currently only two cars, but basic premium is unchanged at around £150, unlimited mileage, agreed value. Total value of cars on policy at one point was £18K, only a small admin every time a car goes on or off. In contrast to other poster on here, was extremely happy with way FJ dealt with my total loss on the V8 due to fire last year. Full value paid out no quibbles.
 
It seems that insurers go easier on classics than regular tin-tops, judging by the eye-watering sums often quoted by punters in the comments on regular car sites like Autocar, etc.
 
WarrenL said:
It seems that insurers go easier on classics than regular tin-tops, judging by the eye-watering sums often quoted by punters in the comments on regular car sites like Autocar, etc.
Click to expand...

Very understandable really, all insurance is based on statistical risk and there are a damned sight fewer classics than moderns on the road so one would guess the chances of a prang in a particular model of classic and the fewer miles they drive plus the other overwhelming factor that probably does not get mentioned........ that classics are not driven so much by the fairer sex (some exclusions of course). Allt translates to low risk and good profit to the insurers.

Oh boy am I in a world of trouble now :mrgreen:

Graeme
 
Very understandable really, all insurance is based on statistical risk and there are a damned sight fewer classics than moderns on the road so one would guess the chances of a prang in a particular model of classic and the fewer miles they drive plus the other overwhelming factor that probably does not get mentioned........ that classics are not driven so much by the fairer sex (some exclusions of course). Allt translates to low risk and good profit to the insurers.

Oh boy am I in a world of trouble now :mrgreen:

Graeme[/quote]

I wont rise to that Graeme , other than to say i'm disappointed in you ! :LOL:
 
Interesting Warren. I have mine insured, fully comp, unlimited miles, agreed $8k, breakdown cover thrown in, through Swann insurance and it costs be about $250 a year.

They were a heap cheaper than AMI, who are actually pretty competitive on the econobox Honda Odyssey.

WarrenL said:
What sort of insurance policy do you hold for your P6, and how much does it cost you? I'm interested because I see that Pomsiders pay generally extortionate insurance premiums for their pride-and-joys compared to out here in the Dominion.

For example, Brown Rover operates under a classic car policy issued by AA Insurance. For an agreed value of NZ$20K, 5000 miles, I pay $190 per year. Note that that is an agreed value, based on what it would cost me to buy another P6 and return it to something like the condition that Brown Rover is in, rather than what I might expect to realise for it on the open market on an average day.
Click to expand...
 
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