Who needs no claims discount?

[manalishi]

Thinking about moving insurance around. Currently have 3 cars - an Aygo on conventional insurance and two MBs on classic policies. I'm planning to put one of the MBs on a conventional policy to start earning NCB on that. Reason being that it should pay off if ever I want a 2nd car that isn't a classic...

So I thought about swapping the NCB that I have got (10 years) around, and experimented with the online quoters:

Got two quotes for the '93 280E:
1) £190-odd with 9+yrs NCB
2) £204 with zero NCB

Only £14? Those were different companies, but even when sticking with one company, the quote only went from £190 to £231. Where's my 75% or so NCB saving?

Do I have the wrong end of the stick about this stuff?

Any ideas?

 

[Benzowner]

Quite possibly by putting you MB on a standard policy, the £190 or so may be for third party liability, standard policy will value your MB at market price NOT collectors price so value may be almost nil. So in the event of a total right off (never know if its write or right oh well) the payout on you MB could be only a couple of hundred quid or so

 

[d w124]

Where did you get those quotes?Do you have a garage for the 280?

 

[manalishi]

Geoff - true about market value and benefit of a classic policy. But the value entered was the same for both quotes (with and without NCB). It's the lack of signicant deduction for NCB that surprises me.

DW - from the singing opera guy's Web site. And this was for the 280E parked on the drive, valued at £2000. (I no longer live in London, so insurance out here is more reasonable. Plus I'm not as young as I was...)

 

[d w124]

DW - from the singing opera guy's Web site. And this was for the 280E parked on the drive, valued at £2000. (I no longer live in London, so insurance out here is more reasonable. Plus I'm not as young as I was...)

I`m having problem to get a classicc policy on the black car parked on the drive everyones says that it must be garaged but maybe a London thing

 

[Stratman]

Easy way to remember. The car's value is written off the books.

 

[MOCAŠ]

I`m having problem to get a classicc policy on the black car parked on the drive everyones says that it must be garaged but maybe a London thing

Generally speaking, classic car policies offer favourable rates on the basis that the risks are far lower than they would be for a daily driver, so they almost always require that the car is kept securely under cover, as well as applying constraints on the age of car (usually 15 or 20 years minimum) and requiring the annual mileage to be limited. There is also an expectation that as the car is cherished by the owner, it will be looked after and driven more carefully.

The garaging requirement is also linked to maintaining the agreed values that most of these policies offer. They have traditionally been aimed at cars from the 1970s and before, where garaging is probably essential to prevent the cars dissolving into a pile of rust, glass and rubber. With more robustly-built 1990s cars now qualifying for classis insurance, there may be some enlightened insurance companies out there that accept these cars can live outside without decomposing overnight.

 

[manalishi]

I`m having problem to get a classicc policy on the black car parked on the drive everyones says that it must be garaged but maybe a London thing

I guess so. I didn't have a classic car when I was in London, so I can't advise.

 

[nullogik]

I`m having problem to get a classicc policy on the black car parked on the drive everyones says that it must be garaged but maybe a London thing

Try Lancaster Classic Car Insurance. I'm in London and have mine parked on the street (which they know about). There was no problem getting a policy.

...unless its the postcode that you are in. Perhaps you are in an area that has had a high level of car crime hence why the necessity for a garage (?)