Classic insurance for youngsters
Discussion
It could be here at last. Just picked up a classic car weekly paper and there is a piece on a new venture by Footman James in partnership with car clubs to offer affordable insurance to 17-24 year olds.
The choice of car is limited though and there is criteria. Just thought I'd share the info as there has as always been threads on this.
The choice of car is limited though and there is criteria. Just thought I'd share the info as there has as always been threads on this.
The scheme doesn't really seem worth much.
One of the criteria is that the young driver must have access to another car for daily use. So while the classic may be insurable it will still cost a fortune to insure the same person on a modern.
So it provides a means for a youngster to insure a classic as a second car. Great.
One of the criteria is that the young driver must have access to another car for daily use. So while the classic may be insurable it will still cost a fortune to insure the same person on a modern.
So it provides a means for a youngster to insure a classic as a second car. Great.
As above, its supposedly designed to help classics be available to a younger audience, the next generation of classic car owners if you like but only as toys, I started with classics purely as it was cheaper and I'm a classic fan but looks like they are trying to rule that out with this. Also says you have to have had an accident or claim? Maybe that's a typo but who knows.
MGB counts but my MGC wouldn't so type of car, engine size etc comes into it as well.
MGB counts but my MGC wouldn't so type of car, engine size etc comes into it as well.
Its a step back it the right direction at least after most classic companies stopped young driver policies completely last year. Hopefully it might kick start some competition.
It is obviously still crap that you have to have access to a modern, but interestingly over on another forum I visit just for young classic owners there has been a pole about this, and only circa 20% of people have access to just a classic, the rest are at least named drivers on another policy (admittedly the sample is very small).
It is obviously still crap that you have to have access to a modern, but interestingly over on another forum I visit just for young classic owners there has been a pole about this, and only circa 20% of people have access to just a classic, the rest are at least named drivers on another policy (admittedly the sample is very small).
Edited by fulvia griff on Tuesday 19th March 22:54
fulvia griff said:
Have you turned 21 Slomax? When I did I left FJ asap and went to Peter Best, fully comp insurance as a main driver for £250ish. For third party cover on the same car FJ wanted over £900...
yes, 22. insurance with FJ for both me and my old man was £550ish last yearup for renewal in June.
thanks, will check them out
What's the young peoples forum? I was with FJ to start with on my first BGT but changed to NFU and then Adrian flux a few years ago, depending on what I'v had and needed to insure and who would give me the time of day too, most of the time Iv had a 'normal'/daily as well but only because its not been too expensive to have the toy too. Still couldn't afford more than one car on a standard policy though. AF wanted the same price as my LCR 225 was costing to insure a 30 year old MGB on a standard policy. A quater of that price though on a classic policy (same mileage allowance, fully comp etc) the classics have to be on specific policies to justify it.
midgeman said:
What's the young peoples forum?
Young Guns Classics - http://younggunsclassics.forumcircle.com/I'm with Peter James (formerly of the James of Footman James) excellent policy with lots of cover at a very reasonable price - and unlimted mileage at no extra cost you just have to ask for
I get fully comp so I can drive another car third party, UK and European Breakdown, no garage, legal cover, named other driver, and other stuff I can't remember now - Peter James Insurance - http://www.peterjamesinsurance.co.uk/
We had it o good when we were young. The current pricing of insurance for youngsters is justifiable but it is keeping them off the road which is just raising the age when they are going to have accidents due to inexperience.
I pay less than £500 a year for a megaquickturbomonsternutterfukkermotor which is crazy cheap. Nobody would want this including me but if all us old buggers paid more then that could subsidise the youngsters.
If there's a group of people we want to keep off the road are the middle aged tarts with Chelsea tractors that have to fill the roads up for the sake of taking Tarquinius and Tirimolla the 4 miles in rush hour traffic that they could cycle or walk if they had legs.
What I'm advocating is insurance not on risk but on road nuisance.
There, have I upset enough people?
I pay less than £500 a year for a megaquickturbomonsternutterfukkermotor which is crazy cheap. Nobody would want this including me but if all us old buggers paid more then that could subsidise the youngsters.
If there's a group of people we want to keep off the road are the middle aged tarts with Chelsea tractors that have to fill the roads up for the sake of taking Tarquinius and Tirimolla the 4 miles in rush hour traffic that they could cycle or walk if they had legs.
What I'm advocating is insurance not on risk but on road nuisance.
There, have I upset enough people?
classic cars, after test training and black boxes can help to reduce the insurance costs and teach how to have less accidents now and provide knowledge and experience to decrease future accidents
perhaps if some mummies and daddies and grandparents didn't just give the youngsters such (relatively to our time) expensive and powerful cars without teaching the youngsters about how to drive and maintain the car let alone teaching them the value of having earned and saved the money to buy and run the car the youngsters might drive and look after their car more
my mate's kids couldn't managed to get the wheel off a car that only had three wheels nuts to each wheel, both had been driving that car for a couple of years and both were strapping lads, one early 20s one 19 so both with at least a few years experience of driving that car if not paying anything towards it
and yes their mummy used to drive them to school in a V8 4X4
perhaps if some mummies and daddies and grandparents didn't just give the youngsters such (relatively to our time) expensive and powerful cars without teaching the youngsters about how to drive and maintain the car let alone teaching them the value of having earned and saved the money to buy and run the car the youngsters might drive and look after their car more
my mate's kids couldn't managed to get the wheel off a car that only had three wheels nuts to each wheel, both had been driving that car for a couple of years and both were strapping lads, one early 20s one 19 so both with at least a few years experience of driving that car if not paying anything towards it
and yes their mummy used to drive them to school in a V8 4X4
Edited by na on Thursday 21st March 19:01
last test quote I did was my rover 75, came up at £700. using exactly the same details and mileage etc. but changing the car to a 5.3 V12 300bhp E-type Jaguar it came down to £129, both fully comp policy.
Insurance is a weird and wonderful f#@k up all the way through...I think some of them just pick a number and then triple it sometimes...
Insurance is a weird and wonderful f#@k up all the way through...I think some of them just pick a number and then triple it sometimes...
Jimmy No Hands said:
Surprised to see Peter James is 30+
what they don't insure the under 30 ?as regards costs - most insurance is aimed the average motorist with the average modern car, if you're not in this group you need to look for specialist insurers that want your business, if any insurance company doesn't really deal with your type or doesn't want your type it reflects in the cost they offer you
na said:
hat they don't insure the under 30 ?
as regards costs - most insurance is aimed the average motorist with the average modern car, if you're not in this group you need to look for specialist insurers that want your business, if any insurance company doesn't really deal with your type or doesn't want your type it reflects in the cost they offer you
I've just tried to get a quote online and it wanted DOB < 1983. as regards costs - most insurance is aimed the average motorist with the average modern car, if you're not in this group you need to look for specialist insurers that want your business, if any insurance company doesn't really deal with your type or doesn't want your type it reflects in the cost they offer you
Pistom said:
I ale the point about modern cars being quicker and more powerful but I'd rather have a bump in a modern Corsa at 30mph than a Herald at 20 mph.
personally i think it makes you more aware/better driver.I know that if i have a crash at any reasonable speed in my Lomax i'm dead, especially if i roll it. It makes you so much more aware of other road users and road conditions. My mate rolled his mums brand new grande punto after about 6 months of passing his test, he was okay, but even so, he got a good ribbing and vulnerability really does cut out stupidity (unless you're a moron)
Pistom said:
I ale the point about modern cars being quicker and more powerful but I'd rather have a bump in a modern Corsa at 30mph than a Herald at 20 mph.
i would beg to differ there, the herald was a pretty tough little cookie.i'd rather not have a bump at all if I can help it though
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