Classic insurance uk 2024
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Morning all
I’m well aware of the massive hikes in insurance costs over the last couple of years for everyday motoring. I’m interested to know if people have experienced the same inflation with Classic Insurance.
My renewal with RH has arrived and has increased 20% this year to be £240, for a 3000 mile restriction in a £40k agreed cover, including breakdown cover.
How does this compare with anyone else ?
Thanks
Richard
I’m well aware of the massive hikes in insurance costs over the last couple of years for everyday motoring. I’m interested to know if people have experienced the same inflation with Classic Insurance.
My renewal with RH has arrived and has increased 20% this year to be £240, for a 3000 mile restriction in a £40k agreed cover, including breakdown cover.
How does this compare with anyone else ?
Thanks
Richard
Richard
'72 Sprint
'72 Sprint
- richardcox_lotus
- Coveted Fifth Gear
- Posts: 1101
- Joined: 11 Jul 2004
- Location: Kent
Richard, the renewal for my Sprint recently came through from Haggerty, similar value/mileage to yours. It has risen by £44.29 to £322.43
I have a couple of weeks now to ring around for comparisons.
Tim
I have a couple of weeks now to ring around for comparisons.
Tim
Visit www.lotuselansprint.com
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trw99 - Coveted Fifth Gear
- Posts: 2622
- Joined: 31 Dec 2003
- Location: Essex/Herts border, UK
I’ve just renewed my Elise insurance with Direct Line and it’s exactly the same as last year at £250.
Elan +2
Elise mk 1
Elise mk 1
- Donels
- Fourth Gear
- Posts: 710
- Joined: 10 Sep 2016
- Location: Tamworth
I use RH as well Richard, and have done so for a few years now. My policy went up 20% this year as well, to £425, but that is insuring 2 cars with them. Even at that price, I find their policy pretty good, as it includes breakdown in this country and abroad, and the dreaded salvage retention without deduction, should the worst happen.
Of course, you only find out just how good your insurer is should the worst happen.
Leslie
Of course, you only find out just how good your insurer is should the worst happen.
Leslie
- 512BB
- Coveted Fifth Gear
- Posts: 1230
- Joined: 24 Jan 2008
- Location: Cambridgeshire, UK
My RH went down to £170 after I dropped my value to £12,000 from £20,000. I have a 4,000 mile limit though I don't usually reach 3,000. I also have 'recovery' but should cancel it as my wife's insurance covers it,
Meg
26/4088 1965 S1½ Old and scruffy but in perfect working order; the car too.
________________Put your money where your mouse is, click on "Support LotusElan.net" below.
26/4088 1965 S1½ Old and scruffy but in perfect working order; the car too.
________________Put your money where your mouse is, click on "Support LotusElan.net" below.
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Quart Meg Miles - Coveted Fifth Gear
- Posts: 1172
- Joined: 03 Oct 2012
- Location: Barnham, W Sussex, UK
My RH renewal in December was £186. This is with a value of £15,000.
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draenog - Third Gear
- Posts: 302
- Joined: 26 Dec 2013
- Location: Wales
'My RH went down to £170 after I dropped my value to £12,000 from £20,000'
That does not sound like a very sensible thing to have done to me. What sort of Elan are you going to be able to purchase for £12k in the event of a write off? Certainly not a road going one, or any one.
Leslie
That does not sound like a very sensible thing to have done to me. What sort of Elan are you going to be able to purchase for £12k in the event of a write off? Certainly not a road going one, or any one.
Leslie
- 512BB
- Coveted Fifth Gear
- Posts: 1230
- Joined: 24 Jan 2008
- Location: Cambridgeshire, UK
512BB wrote:'My RH went down to £170 after I dropped my value to £12,000 from £20,000'
That does not sound like a very sensible thing to have done to me. What sort of Elan are you going to be able to purchase for £12k in the event of a write off? Certainly not a road going one, or any one.
Leslie
Apart from a couple of areas requiring remedial work the bodywork has not had any attention since I bought it in 1969 so is well marked. The mileage is very high, nearly 300,000 miles, and I have done nearly all the work myself so there is no record of professional maintenance. The galvanised chassis was fitted, by St Wilkins, in 1990 and is fine and so are the side-frames that I replaced at about the same time; otherwise only machining has been done elsewhere.
What would you pay for such a car?
Meg
26/4088 1965 S1½ Old and scruffy but in perfect working order; the car too.
________________Put your money where your mouse is, click on "Support LotusElan.net" below.
26/4088 1965 S1½ Old and scruffy but in perfect working order; the car too.
________________Put your money where your mouse is, click on "Support LotusElan.net" below.
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Quart Meg Miles - Coveted Fifth Gear
- Posts: 1172
- Joined: 03 Oct 2012
- Location: Barnham, W Sussex, UK
Quart Meg Miles wrote:What would you pay for such a car?
Imo it's not what you would pay for your car. It's how much you need to buy a replacement. Your unlikely to find a car like yours for sale, so how much does the nearest car cost?
I suspect you need a chunk more than 12k to buy a working elan.
'73 +2 130/5 RHD, now on the road and very slowly rolling though a "restoration"
- mbell
- Coveted Fifth Gear
- Posts: 2643
- Joined: 07 Jun 2013
- Location: Austin, TX (UK Ex-pat)
Hi Chaps,
So my Elan insurance has just jumped up to £304 from £174 with Carole Nash, with the same guaranteed value and restricted mileage.
Has anyone found a reputable insurer offering anything that is more “realistic”.
Thanks
Mark
So my Elan insurance has just jumped up to £304 from £174 with Carole Nash, with the same guaranteed value and restricted mileage.
Has anyone found a reputable insurer offering anything that is more “realistic”.
Thanks
Mark
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mark030358 - Coveted Fifth Gear
- Posts: 1175
- Joined: 29 May 2004
- Location: Willaston, Wirral
Good morning Mark.
I have always used Routen Chaplin and like everyone else my insurance has gone up this year.
It has risen from £172.00 to £189.00. This covers a valuation of £30,000, RAC breakdown, salvage retention and two drivers. Club membership is needed.
I have never used their services.
They do seem to have reduced my mileage limit from 3000 miles to 1500 without asking me, but that is sufficient.
Best of luck
Eric in Burnley
1967 S3SE DHC
I have always used Routen Chaplin and like everyone else my insurance has gone up this year.
It has risen from £172.00 to £189.00. This covers a valuation of £30,000, RAC breakdown, salvage retention and two drivers. Club membership is needed.
I have never used their services.
They do seem to have reduced my mileage limit from 3000 miles to 1500 without asking me, but that is sufficient.
Best of luck
Eric in Burnley
1967 S3SE DHC
- ericbushby
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- Location: east lancashire
The S4 went up from £240 to £260, but my son is on the policy.
The GTS I have insured for the road ,comprehensive, but only for the F&T as it really doesn't do road miles.
That went from about £260 to £450, so I refused, let it lapse, then requoted the other day when I was on the phone to them for my wife's classic Fiat 500. They now wanted £180, er, yes please.
The GTS I have insured for the road ,comprehensive, but only for the F&T as it really doesn't do road miles.
That went from about £260 to £450, so I refused, let it lapse, then requoted the other day when I was on the phone to them for my wife's classic Fiat 500. They now wanted £180, er, yes please.
Graeme
S4 SE
S2 GTS
Caterham 420R
Sold - Peterson JPS Exige
S4 SE
S2 GTS
Caterham 420R
Sold - Peterson JPS Exige
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661 - Coveted Fifth Gear
- Posts: 1198
- Joined: 29 Mar 2012
- Location: East Sussex
I've recently switched from Lancaster back to Peter James.
Elan+2 and Triumph Stag, Agreed value for both, 5000 miles each, including work mileage on the Stag. 2 named drivers, Recovery and retention after accident.
Total £315
Tim
Elan+2 and Triumph Stag, Agreed value for both, 5000 miles each, including work mileage on the Stag. 2 named drivers, Recovery and retention after accident.
Total £315
Tim
Current Cars: '72 Elan +2S130/5, '72 Triumph Stag 3.9L, '72 Spitifire Mk IV. Past Cars: '72 Triumph TR6 (supercharged), '70 MG Midget (K-Series + Type 9), '76 Triumph 2500TC, '72 Lotus Elan +2S130/4, '76 Triumph Spitfire 1500.
- shynsy
- Second Gear
- Posts: 106
- Joined: 15 Mar 2023
- Location: United Kingdom
Hi,
Just ato close the circle. I went with ClassicLine (tel 01455241414), I use them for my Exige and Elise also.
cover as follows..
Fully Comp.
Break down cover and recovery, including Europe.
Unlimited miles
guaranteed value @£50K
Excess £75 windscreen and £200 collision
At a price of £204 I was really happy with that.
cheers
Mark
Just ato close the circle. I went with ClassicLine (tel 01455241414), I use them for my Exige and Elise also.
cover as follows..
Fully Comp.
Break down cover and recovery, including Europe.
Unlimited miles
guaranteed value @£50K
Excess £75 windscreen and £200 collision
At a price of £204 I was really happy with that.
cheers
Mark
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mark030358 - Coveted Fifth Gear
- Posts: 1175
- Joined: 29 May 2004
- Location: Willaston, Wirral
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