Classic or not Classic?

[GaryF]

Hi,
I'm in the process of purchasing a V6 and was wondering if people generally use Classic Car Insurance or just normal Insurance.
I have done quotes for both, with the same details, valuation, cover, extras, excess etc and there's quite a difference.

Classic Car Insurance is coming out around the £450 mark.
Normal Insurance (RAC, Privilege etc) is coming out around the £200 mark.

 

[Noyzboy]

I use Classicline with a guaranteed value.

Your £200 quotes seem amazing. My VW Up shopping trolley costs about that much to insure.

 

[Brembov6]

I've just gone through renewing my insurance. Personally I still don't find insurers see the Clio as a 'classic' I was with Adrian Flux for many years they then put the premium up substantially (600 quoted this year). Then moved to Lancaster. This year quote up, a lot. Annoys me getting someone in the door, no claims or changes so now renewing with Admiral.

£200 sounds very good. Im £260 on 3k miles, car stored elsewhere.

 

[Lankan]

Depending on the valuation of your Clio V6 (or any vehicle that is classified as a classic by insurers who know about that vehicle), opting for an Agreed Value insurance policy is your best bet. Mine has been on such a policy for many years now, and, yes, you can shop around. I was with Hagerty the majority of the time (over 12 years), and then switched to Classicline, and have been with them for the past 2 years, albeit I have had multiple cars insured under the same policy, but all have been insured on an agreed value basis. The premium paid for [v6plaque]002[/v6plaque] in May 2023 was £244.38.

Hope this helps, and good luck with your purchase. What is the plaque number?

Enjoy!

 

[martinr82]

If you get a quote from the mainstream insurance companies, they value the car at £12,700. You will never be able to buy another vee for that money, which is why the premiums are higher on agreed value policies. I have no idea where they are getting that figure from, other than for a phase 2, if treated as a normal daily driver car for its age, would have around 150,000 miles on the clock, which most will not. You really need to get an agreed value insurance to make sure you are not out of pocket in the event of an accident/theft.

You could of course roll the dice with a mainstream company and in the event of an accident/theft, you can send the company proof that you cannot replace your vehicle for £12,700. This £12,700 figure I got from putting my car's details into confused.com by the way.

I have had a similar issue with insurance in the past, where they offered me significantly less for a write off (non fault, I might add) VW Golf GTi, and had to provide them evidence of similar cars on sale at the time at a much higher value, after providing the evidence, they did eventually pay out, but not without a fight.

To keep my premium down on an agreed value of £45,000, I have restrictions on my policy, such as, the car is only allowed to do 1000 miles per year and is not allowed to be outside of the garage between the hours of 10PM and 6AM and this costs me around £350 per year.

Hope that helps.

Martin

 

[DAN@ADRIAN FLUX]

Hi.
If you need any help with agreed value insurance at all then please feel free to drop me a line.
Regards,
Dan.

 

[redraven]

With my car insurance renewal this year it went £120 from last year. I have an agreed valuation of £45,000. So my renewal quote is £500. What I’m wondering is being 1/25 uk coloured units should I up my valuation? Colour seems everything with the v6’s.. Any advice would be appreciated thanks guys… :approve: