Classic bike insurance

[ThunderGuts]

OK, so my classic/future classic is hopefully landing tomorrow. Looking at insurance policies as my current insurer can't do a multibike policy.

Trying to get my head around this; the bike is 26 years old so qualifies for classic policies (plus the mileage is going to be low). Pricing is pretty competitive and similar to "mainstream" insurance companies. Difference being that if I go with a mainstream company, I'll start to accrue NCD on that policy, whereas on the classic policy I won't as apparently they don't take into account NCD?!

So I guess my question is, any reason I should be going for a classic policy? Other benefits I've missed? At the moment, I can't actually see the value given that while not much difference this year, next year I'm likely to see a much better deal with mainstream companies.

Cheers.
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TG.

[Bhud]

You've got to watch out for anything that's marketed towards older people, such as classic vehicle insurance. It's like SAGA holidays - all that happens if you buy is you end up paying well over the odds for a nasty package holiday on a ghastly tourist trap island, being served yesterday's preheated leftovers, while the kids next door listen to boom-boom music and bang each other while drunk on cheap booze. In other words, you're a walking wallet.

[ThunderGuts]

I thought as much! The only difference I can see is the "agreed value" payout, but in my case I'm less bothered about that.

Cheers
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TG.

[stinkwheel]

I have it because if you try to get European recovery on a 31 year old bike (VFR750, oh the irony, they are quite happy to cover the Enfield) any other way, you need a second mortgage.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[P.]

I've got a 39.5 year old CB250 that I'm waiting to eek out the 40 year jobby to insure as you know its not passing an MOT, tax exempt and all I gotta pay is insurance...

A quote on classic is double that of MCE (which I'll use because I'm not actually going to ride it, its just cheaper to keep insurance on it and not lose my NCB) and double means its £200 rather than the £98 they want for FC.

My experience is its not worth it, unless its something seriously classic and they have agreed values and its rare as shit. I'd consider it then, same as I used Adrian flux for my old Supra, they gave it a value and every year I commented what had changed and they took that onboard and increase/decrease based on their valuations. Helpful if you got some exotica, but not if its just some crusty CB350G for example.

[ThunderGuts]

I should probably check the small print; the quotes from mainstream companies include breakdown. You'd think being given the info on the vehicle they'd actually consider this in the cover, but on reflection I wouldn't be surprised if the breakdown had a limitation clause, e.g. vehicle must be less than 10 years old.
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TG.

[blurredman]

All my vehicle apply for classic insurance but I make sure it isn't mainly for the NCD. As the bikes themselves cost like £70 to insure it's not really going to get less than that for me. That said, once you have just 2 or 3 years NCD then it is kinda moot anyway.
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CBT: 12/06/10, Theory: 22/09/10, Module 1: 09/11/10, Module 2: 19/01/11
Past: 1991 Honda CG125BR-J, 1992 (1980) Honda XL125S, 1996 Kawasaki GPZ500S.
Current: 1981 Honda CX500B - 91k, 1987 MZ ETZ250 (bored to 295cc) - 38k, 1989 MZ ETZ251 - 49k, 1979 Suzuki TS185ER - 9k, 1973 MZ ES250/2 - 17k.

[om15]

A few years ago I had a multi bike classic insurance with Lynbrooks, included legal, get you home and was very good service, might be worth a phone call.
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Alcohol doesn't solve problems, but neither does milk

[MCN]

I sort of remember Hastings sold me my policies for two BSAs. Lapsed now as one sold and the other SORNed. It was cheap. Under 100.

With regards to 'earning' NCD on a vehicle, its more or less reduntant if the gouging kunts hammer any other policy you have with loadings if you have a claim on one policy. Did I say Kunts?
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[photoman]