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Does anyone have any advice on what is the cheapest way to insure several cars?
I currently have two on separate policies with full no claims. If I want to add another I won't qualify for a no claims bonus using the insurance industry's weird logic because it is a 'new' policy! If the car is modified in any way this becomes quite expensive.
Has anyone tried these multicar type policies? Do they cover modified and classic cars? Do no claims bonuses work in the same way? What about 'any car' trade insurance? What do you need to do to qualify and what sort of premiums do they charge?
Any info gratefully received.....
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speedy88
Club Retro Rides Member
"Nice Cortina mate"
Posts: 2,279
Club RR Member Number: 118
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Insuring several cars?speedy88
@speedy88
Club Retro Rides Member 118
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KFW has a policy with Footman James that he always praises, try giving them a ring. However, there's a 20 year cut-off. So all current cars would have to be older than 1993.
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Last Edit: Jun 3, 2013 2:16:21 GMT by speedy88
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kevfromwales
Posted a lot
the conrod's REALLY out the block now!
Posts: 3,909
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haha - it's peter james I'm with, but yeah, they do a grouped classic policy that allows you to put a load of 20 year old + old chod on, and then it only costs 15 quid to ammend the policy for new arrivals - even cheaper if you wait til you have 2 new cars to put on, as the 15 quid fee stays the same  currently I've got a load of 80's J-chod, the truck, both beemers and probably some more I've forgotten on there, and the policy covers all mods except performance enhancing things, they have done engine swaps for me, but only going v8 - diesel, not the other way very helpful though, give em a ring! EDIT - forgot to say, afaik you don't accrue NCD with classic policies, though I could be wrong - the renewal's always been cheap with peter james, so I've stuck with em! |
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Almost on the road: b11 sunny breadvan, e36 tds, 325i skidcar,
nearly there: ford f250 tathauler, suzuki alto, u11 bluey
not for a while: ford pop, 32 rails,
not in this lifetime: ruby, '29 hillman
''unfortanatly I'm quite old and scruffy and in need of some loving. my drive shaft needs a new boot....''
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Tried a multicar policy once and it ended up I could a cheaper deal with individual policies by shopping around. When I needed to insure one more car then I had ncb available for sky insurance carried one over from another policy which was rather nice and saved me a view quid. I think the littler more specialist companies are a bit more lenient and flexible then the big named guys when it comes down to it.
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i have 4 cars with heritage (2 moderns 2 classics) on their fleet policy
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A few years ago i had a multi car policy from Footman James, and was really happy with it.
I had my mk1 Escort, Chevette and 6N Polo insured on it. All were heavily modified and the price was really good - I can't rememeber exactly but it was roughly £100 more than i was paying to insure just the Escort with someone else.
At the time their multi car policies were minimum of three cars, and two of them had to be 'classic', which i think is usually 20 years and over.
HTH
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oooooh I'm so badass.... I've got a z in my name  |
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Adrian Flux for me, it costs less to insure two cars through their multi-car policy than to insure one of them on its own so that's easy logic for me. I build up NCB too and it's pretty generous on mileage and modifications. The staff I spoke to all seemed to have a genuine enthusiasm and interest for cars and making sure I had the cover I wanted, felt a much better and more enthusiast-centric attitude than I'd experienced with other insurers. Pretty much everything that I was told I'd get by peers from the insurer, I can see why they come so well recommended now that I qualify for their services with my driving experience and NCB.
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I'm with NFU. I've two sets of full no claims used against my Skoda & Smart. My van is "credited" with full no claims as well. They also do classic policies.
One thing that seems to make a differenece to them is they are a mutual company. That means policy holders are also shareholders and depending on how long they have been with them are given annual "bonus". Personally I've been with them for around 16+ years so get the full bonus which works out at around £70 for current year. So whilst they might not be the cheapest the multicar policy plus the bonus makes them very competitive for me. Also no admin fee for any changes, I can ring up and they will cover me on any vehicle for a day or permanently. I've even insured foreign registered vehicles used abroad.
Paul H
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Jun 16, 2013 15:43:45 GMT
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Footman James for me. I have 4 cars on a fully comp policy 89 Carlton hearse, 88 Cadillac hearse, 89 Cadillac limo and a 98 fiat seciento on the one policy .
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'88 Cadillac Brougham hearse (white)
'91 Carlton GSi 24v
'72 Dodge dual cab pick up
'99 Mercedes S55 AMG
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MonzaPhil
Posted a lot
Think like a man of action, act like a man of thought
Posts: 2,456
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Jun 16, 2013 16:52:12 GMT
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After my trade policy renewal went up by 50% for no apparent reason, I've just insured a couple of the fleet for road use on seperate policies. I think under £200 for 2 cars fully comp blah blah, I'd welcome any better ideas with the imminent fleet expansion....
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This is now a clicky linky!  |
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Dez
Club Retro Rides Member
And I won't sit down. And I won't shut up. And most of all I will not grow up.
Posts: 11,714
Club RR Member Number: 34
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Insuring several cars?Dez
@dez
Club Retro Rides Member 34
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Jun 16, 2013 17:16:43 GMT
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After my trade policy renewal went up by 50% for no apparent reason, I've just insured a couple of the fleet for road use on seperate policies. I think under £200 for 2 cars fully comp blah blah, I'd welcome any better ideas with the imminent fleet expansion.... same happened to me. cant quite remember who it was with, might have been DNA, but it went from around £1500 to £3200 ish at renewal time for no reason at all. i did have a claim but it had been 100% the other parties fault, rear ended me at traffic lights, and and it was the 3rd parties insurer who paid out (£800)on my escort van so i just couldnt explain it. tbh it right buggered things up for me, i had to sell off a bit of stuff cos of it. ive also now found it quite difficult to get any form of multi car policy with any insurer. i needed to insure quite a range of cars, from pre-war to 2000s, ranging from stock to very, very highly modifed or scratch built, and no one is interested in covering such a wide range, so ive ended up having to insure them seperately. |
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MonzaPhil
Posted a lot
Think like a man of action, act like a man of thought
Posts: 2,456
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Jun 16, 2013 17:21:03 GMT
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All I needed was a policy to cover the lot but between modified Land Rovers, modified classics, normal classics and a boring Corsa, there doesn't seem to be a company that can cope!
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This is now a clicky linky! |
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smellyferret
Posted a lot
Back in a retro after 7 years!
Posts: 1,121
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Jun 16, 2013 17:29:16 GMT
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All I needed was a policy to cover the lot but between modified Land Rovers, modified classics, normal classics and a boring Corsa, there doesn't seem to be a company that can cope! There is a definite gap in the market for this.. I've had grief for swapping cars too often too! apparently over 3 different cars in a year is "not really allowed" from my ex insurer directline.. although when I did have 2 cars insured with them they did (after me pointing out I couldn't drive both cars at the same time) give me full no claims on the 2nd.. |
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Jun 16, 2013 17:48:55 GMT
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The 4 of mine with Footman James is £440 for the lot, gunna see how they like me adding another this week  |
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'88 Cadillac Brougham hearse (white)
'91 Carlton GSi 24v
'72 Dodge dual cab pick up
'99 Mercedes S55 AMG
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Jun 17, 2013 14:32:48 GMT
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Footman James for me too, Both Fiesta's in my sig, with subtle mods £160 a year. However they don't like it if you value them too low! They've also become a big tighter on over night parking, lucky I just bought a house otherwise i could have had problems at renewal living in flat with carpark
Passat is with Direct line, I can have upto 4 "classics" with footman, but they're not competitive on my daily 'Sat sadly.
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