Classic insurance uk 2024

[richardcox_lotus]

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

[trw99]

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

[Donels]

I’ve just renewed my Elise insurance with Direct Line and it’s exactly the same as last year at £250.

[512BB]

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

[Quart Meg Miles]

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,

[draenog]

My RH renewal in December was £186. This is with a value of £15,000.

[512BB]

'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

[Quart Meg Miles]

'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?

[mbell]

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.