Can I get a Classic Policy if my car is parked on the street & is a convertible?

Discussion in 'Insurance & Finance' started by IMD, Jul 19, 2011.

  1. IMD

    IMD Active Member

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    Just a quick question before phoning around...I'm looking at buying a SL500 and want to know whether I'm going to waste my time phoning around for Classic Insurance, if all they will say is 'put it in the garage'

    I do have a garage, but it's full of my work kit and I can't leave that on the road!

    Any thoughts...or will it be cheaper to add it to my Admiral Multi Car Policy?

    Ian
     
  2. Charles Morgan

    Charles Morgan MB Enthusiast

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    You can only find out by ringing around.
     
  3. GP801

    GP801 MB Enthusiast

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    If you want agreed value then almost certainly will need it to be garaged for that clause to apply.
     
  4. d w124

    d w124 Hardcore MB Enthusiast

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    It depends from the address,London for example is a No
    As ^ just call and find out as many members here have classic policy while parked on the road
     
  5. wobbly

    wobbly MB Enthusiast

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    My insurance company insist my SL is garaged, even though I have a private drive behind electric gates.
     
  6. OP
    OP
    IMD

    IMD Active Member

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    I just did a very quick check on confused.com, to get an idea of insurance if going down the non classic route.

    I filled in the form...obviously stating no No Claims Bonus, as this is used on my other car.

    I did 2 quotes....the first parked on the road, at home, the second in my garage, which is 200 metres up the road.

    The road parked quote was £100 cheaper with Admiral, who I'm currently with and cheaper with all the quotes?

    That makes no sense!

    I will phone up a few brokers and see what they say

    Ian
     
  7. d w124

    d w124 Hardcore MB Enthusiast

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    Try an online quote at Lancaster
     
  8. tali

    tali MB Enthusiast

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    I usually find classic is cheaper by a country mile
    15 year rule usually applies and 2nd car useage
     
  9. billywhiz

    billywhiz Active Member

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    My 55 is insured on classic policy - cost is peanuts on these policies however you don't build any no-claims on them. Mine is declared as being on the private driveway albeit I'm in a low crime countryside location
     
  10. EDZ649

    EDZ649 MB Enthusiast

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    My SEL is insured on a classic policy with agreed value and it's parked on the drive....
     
  11. BTB 500

    BTB 500 MB Club Veteran

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    I looked at them for my SL a couple of years ago, but at that time a 'normal' policy with full no claims was cheaper. Maybe the Classic policies that cut in at 15 years old are cheaper - I will shop around again next year.
     
  12. Doodle

    Doodle MB Enthusiast

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    Quite possibly, I cut the insurance on the SL in half with a "classic" policy.
     
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  13. billywhiz

    billywhiz Active Member

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    For my 55 £410 all in I got classic insurance for - normal insurance cheapest at that point was £875

    Worth taking time out to call a few classic policy specialists indeed
     
  14. BTB 500

    BTB 500 MB Club Veteran

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    The renewal for my SL is £340 this year, on a normal policy (but limited to 3000 miles a year). Still worth looking around though.
     
  15. OP
    OP
    IMD

    IMD Active Member

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    Car:
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    I've done a few on line quotes and it still seems cheaper to add the car to my normal Admiral Multi car Policy

    This is for Fully Comp, parked on the road, age 35, no convictions, claims etc. I can't have any no claims, as that it on my everyday car. Alos said 500 miles.

    I checked Lancaster and they want £1200 classic policy. Adrian Flux wanted £1100 and Footman James wont insure unless it parked in a garage.

    I do have a garage, but I need to measure it, as it's just a lock up and I fear the SL wont fit in! Also, what happens if I'm away for a few days and need to park the car on the road in that location?

    Confused.com for sure!!
     
  16. OP
    OP
    IMD

    IMD Active Member

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    .....and the car in question that I'm looking at is over 15 years old?

    Any suggestions on companies I should call?
     
  17. E CLASS

    E CLASS Active Member

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    But Classic and Sportscar magazine - its a good read - and while you are there check the insurance ads at the back.

    Or just memorise them at the newstand....
     
  18. Charles Morgan

    Charles Morgan MB Enthusiast

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    Footman James
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    inter alia. Each will have different policies on what constitutes a classic car though.
     
  19. Pontoneer

    Pontoneer Hardcore MB Enthusiast

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    Try some of the specialist insurers like Peter Best or Carole Nash .
     
  20. OP
    OP
    IMD

    IMD Active Member

    Messages:
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    Location:
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    Car:
    1997 SL500
    Well....I phoned Admiral who I currently have a Multi Car policy with. (2 current vehicles).

    5000 miles per year, social use, kept in street, comprehensive cover with the upgraded alloys (they wont pay out for these though)....£386.66. Not a bad quote.

    If I keep it in a locked garage......about £10 more expensive! When I asked why, the girl said that they must have more claims against car parked in garages.

    So....it looks like its affordable....certainly better than Classic at over £1000 from Lancaster!
     

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