Tweet
can someone please explain exactly how a classic policy works? how old does the car have to be and whats with the no claims bonus part?
-
-
No NCB used or gained, but not sure why
The car must be a second car and usually works much better with limited mileage
Other than the word classic and not gaining NCB it seems to be exactly the same -
how does it keep the price down then ben if you arent using any no claims discount? mines due in 3 weeks,i also noticed they are charging me for legal expenses cover,is this optional?Comment
-
Ben, NCB isn't gained as the Classic policies are rated much differently to a 'normal' private car policy, we have insurers that offer up to 3 years NCB on classic cars and it is transferable to an everyday car just in case anyone does ever decide to part with their classic
Also not all of them require the classic to be a second car, some of ours don't but naturally if it's not then the premium does reflect this
Nick, as above, the policies are rated much differently mate, lower base rates, not so many rating factors, more criteria to qualify for one in the first place
Legal Cover is optional, most places charge around £25+, we currently charge £20 for ours and it's not just legal cover, it's a full accident management policy with support and advice all the way through and also a courtesy car available depending on who's fault the accident is
EDIT: Usually the car has to be 15years old or more, vintage cars qualify for the same schemes, however we do have insurers who can and do take cars on from 10/12yrs old, this doesn't include shitty old volvo's and mondeo's etc so people can't pull the wool!
M3 CSL is here!
Comment
Comment