Classic insurance.

classicnut5 · Post by **classicnut5** » Sat Feb 21, 2009 9:51 am

Hi,dont know if it is possible but has anyone got their BX on a classic policy please?When I first got a BX I rang round and all of the replies said I needed to garage it.I can keep it ont drive but my garage is chocker full of important stuff,honest!
I know no one will be interested but I love my BX,which is a sound TXD with 88000 miles on it.I would love to get a TZD cause it has all the toys on it and preferably a reasonable mileage on it.I cannot afford to own 2,nor have I the space.(The frustrating thing is that I have finally married a woman that would actually LET ME have more than one car).Just needed to tell someone these things as I have no one else to rabbit on to about all things BX.
Cheers
Russ

Geoffrey Gould · Post by **Geoffrey Gould** » Sat Feb 21, 2009 11:07 am

Hello Russ, as far as I know rabbiting is allowed and not a problem here.

Have tried a few company's and Adrian Flux were nice to deal with and a BX on classic insurance was not a problem at all.
You should be so lucky, not only a BX but a understanding wife as well, priceless.
All the best.
Geoff.

Kitch · Post by **Kitch** » Sat Feb 21, 2009 1:49 pm

Yeah my valver's on classic. 1500mile a year policy, came in at less than £80 for the year.

Try Haggerty. They've offered to insure the valver and the TVR together for £370 next time.

Post by **Tim Leech** » Sun Feb 22, 2009 12:02 am

All 3 of my BXs are on classic policy, 2 with footman james and 1 with lancaster. Worth trying either of these althought I found f/j customer service not to be too hot but at £105 per year were very good value.

MULLEY · Post by **MULLEY** » Sun Feb 22, 2009 12:33 am

I rang Haggerty for the Gti, for 1k a year it was just over £100, but it did have to be garaged. If it was on the drive it went up over £200

Amazing how moving the car out of sight & by a car length the premium was halved....Who wants to steal these cars anyway

roughbert · Post by **roughbert** » Mon Mar 02, 2009 6:09 pm

It's a while since I did the sums on my car insurance, and a recent change of broker when insuring my second car helped to refresh my memory - I'm told that a sudden immersion in icy water or a really hard slap in the whiskers has the same sort of effect...

First, "No Claims Bonus" seems to be passed from one insurance company to another, and the new insurer will consult the previous one. So it makes sense to let the new insurer know the details of the previous policy, even if there is no immediate financial incentive to do so. Now the last time I got involved in something like this, I ended up sending lots of bits of paper to the insurer and they agreed that I did have the claimed number of years cover. Today - and forgive me if I labour the point - it appears that the punter has no say in the matter, except to identify the previous policy.

Second, when you purchase a policy you will probably be told about a cancellation fee. But when you actually cancel it, you discover that the broker, who handles the canellation on your behalf, will grab quite a lot of your cash. The broker who I used is called Adrian Flux.

Out of a refund from the insurer of £231.47, and in addition to the cost of the cover actually used, Messrs Flux got away with a surprising £74 in bits and pieces, including both their original "policy issue fee" and a sum equivalent to the commission which they would have received from the insurer on the insurance had it run for a full year. Oh, and there was the £14 personal accident and legal cover which is cancelled when the main policy is cancelled. And the cancellation fee. And the Insurer's cancellation fee.

This makes cancellation pretty profitable business for the broker, who if the policy ran for the full year would stand to collect a commission of about 12% on the insurance itself, plus their policy issue fee of £25, plus their commission on the person accident policy (which is sold alongside the vehicle policy) which I guess at 30%. By cancelling early, I increased their profit by £25, or about 30%. They also benefit from receiving a substantial part of the boodle early.

Cancelling a policy early (after 1 month in my case) is expensive but does get back a little cash. Cancelling after (in my case) 8 months would actually cost more than not cancelling at all.

I would be surprised to learn that Adrian Flux's practices are not close to the norm for the industry.

How does one become an insurance broker please?

CitroXim · Post by **CitroXim** » Mon Mar 02, 2009 6:20 pm

Geoffrey Gould wrote:as far as I know rabbiting is allowed and not a problem here.

Absolutely, it's to be very much encouraged

Rabbit all you like Russ and a warm welcome to the forum

stuart_hedges · Post by **stuart_hedges** » Tue Mar 03, 2009 7:47 pm

Rabbit away!

I've always run my details through confused.com, comparethemeerkat and moneysupermarket - three being not too arduous - and taken the best offer. It's been different every year, apparently at random, and is currently esure - car kept outside on the street, unlimited mileage, one named driver, a smidge over £200 per annum.

I've never been required to keep a car as modern as a BX garaged... in fact I've never had a driveway, let alone a garage!

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