Calypso-E34

Second car / classic BMW - who do you insure with?

23 posts in this topic

I've been getting quotes for a BMW E34 520i as a third car, with mileage limited to maybe 5000 miles.  Best I've been able to do so far is £270, which I think is very expensive - it's not much less than the cover in place for the F10, and it's worth about 10% of the value of that!

 

Am I doing something wrong here?  50+, one year no claims I can use from the car I had for my Daughter, 7 years plus NCD on my main policy, good address and 6 points. 

 

Any recommendations?  I've tried Go Compare, Haggerty and Footman James.

Digidick likes this

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Try Chris Knott, Sky, Adrian Flux, Direct Line (directly) etc...

 

You'll have to shop around

 

Classic insurance maybe?!

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Just tried Lancaster - £254.  Still too high for a £1200 520i which will be driven about 3000 miles tops per annum.  No way Jose.  It's going to cost £245 per year to tax it too.

 

I think I might stick it on as a temporary vehicle on my F10 policy just to get it up the road, and then SORN it until spring.

Edited by Calypso-E34

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Think Adrian Flux mirrors your no claims so might be worth a try. I'm looking at a Z4 or similar to buy in the winter and use next spring/summer so in a similar position to you.

 

 

 

Sent from my iPhone using Tapatalk

 

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Compact is with Aviva  ( granted its not a 520 but i am guessing not far off it for insurance purposes ) ..multi car , got commuting on it just incase ..its £120 a year fully comp with me and wife

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I've got two cars on Classic policies:

 

E28 M5 - Lancaster - £181pa

E36 328i - Performance Direct - £197pa

 

Both on the same terms, one worth 10x the other. Go figure.

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I've just had my local broker on the phone.  Best quote they can do is £460!!  AND - they tell me I can't put the car on my F10 policy on a temporary basis.  This is beginning to do my head in now. 

 

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Regardless of the cars value surely the risk is much the same? - most insurance cost is personal injury rather than value of the car i thought - if you hit a bugatti veyron in an e34 or the f10 the claim would be much the same.

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does it qualify as a classic Car?

If yes then NCB should not be a concern.  Most CC policies do not use NCB.

Peter Best used to be very good I had my supercharged MG V8 with them and the policy was less than my grand Scenic.

 

I had my nasp V8 with Lancaster originally but they weren't to keen on the model car

 

Also 5000 is high for a classic try lower mileage 

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6 minutes ago, Alexak said:

does it qualify as a classic Car?

 

 

I would have thought so.  Just tried Peter Best - no better.  I'll have to leave it for now until I have some time to make some more calls.  Adrian Flux is one I haven't tried yet.

 

I've typed my details a lot of times now......

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My e34 535i Sport is with Performance Direct - £152.00 (Fully Comprehensive with agreed value).

 

C.

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12 minutes ago, cableguy said:

My e34 535i Sport is with Performance Direct - £152.00 (Fully Comprehensive with agreed value).

 

C.

 

I've just tried them.  They want £284 off me for an old 520.

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Try Adrian Flux.

They quoted £103 for my Supra Turbo and I'm paying £180 for my Fiat Coupe Turbo with mods.

(both limited to 4k miles a year)

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10 minutes ago, Calypso-E34 said:

 

I've just tried them.  They want £284 off me for an old 520.

 

Ouch! I suppose post code, age, NCB discount all have factors on pricing. Have you added the wife as this can also bring down premiums.

 

C.

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My M5 is currently it's insured as part of a multi car policy through the BMW Car Club which is handled by A-Plan who then use various companies to cover the individual vehicles. So it's now covered by Hagerty, agreed value, 3,000 miles a year, £150 excess, all for the princely sum of £76.32 a year.

 

Might be worth asking Classicline.

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OK - RESULT!

 

Adrian Flux - £180.  I can live with that!

 

What did I say 10hrs ago!!

 

Nice one, I'll be trying them. Did they Mirror your No Claims.

 

 

Sent from my iPhone using Tapatalk

Calypso-E34 likes this

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What did I say 10hrs ago!!

 

Nice one, I'll be trying them. Did they Mirror your No Claims.

 

 

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True - cheers mate! Yes, they took my NCD into account.

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True - cheers mate! Yes, they took my NCD into account.

 

Excellent. I'll call them with a few number plates to see how much a few different cars are. Really fancy a 2 seater weekend car next year.

 

 

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I use A Plan for both of my classics. Both have agreed values and limited to 5k miles pa each.

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OK - RESULT!

 

Adrian Flux - £180.  I can live with that!

 

Just tried Ady Flux on a 2003 Z4 and came back with a crap price of £396 so went back onto the Go Compare site and set my No Claims to Zero and Performance Direct came back with £275, not bad starting from scratch.

 

 

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