Classic Car Insurance - underwritten at Lloyds
Overview
This classic car insurance policy is designed for classic
cars at least 15 years old. As a classic car, your car must not be your main
mode of transport and it shouldn't be used for regular transportation to work
(occasional commuting is permitted).
The vehicle need not be garaged in most areas (other than certain city
postcodes) and cover can be extended for occasional wedding use. Vehicles in
excess of £30,000 would have to be referred to underwriters. "Track days,
speed events" etc cannot be accommodated. Vehicles with a value less than
£1,000 cannot be regarded as classic vehicles.
Insurance Premiums depend on the age of the vehicle, location where
kept, annual mileage, engine size, the value of the vehicle, whether commuting
or wedding use is needed - and a discount for car club members is provided.
Ungaraged cars must be kept in Area 1 (q.v.) and be worth
no more than £12,000. If the vehicle is declared as garaged the insurance
company will impose a warranty will be
imposed stating that no cover applies unless the vehicle is kept in a proper
locked garage when not in the course of a journey.
Cover
- Comprehensive : £50 ADFTXS to £5,000, £100 ADFTXS to
£20,000 and £150 ADFTXS to £30,000 - see below for soft top and ungaraged
vehicles
- Excludes driving other cars
- 30 days free cover in Western Europe or EEC
country
- Spare parts and accessories in/on vehicle or the
declared locked garage are covered to 10% of value of car or £500 (max)
- Windscreen cover : £500 per year with a £50 excess per
claim (waived if the glass is repaired)
- For Soft/removable tops personal effects will be
excluded and the excess increased by £100
- Maximum number of drivers: 4
Vehicles to be referred i.e. underwriters might
take them
- Caravanettes/ Camper Vans
- Land/ Range Rover and similar 4X4
- Modified vehicles
- Multi-seat (7+) vehicles
- American cars/ Kit cars and Grey Imports (Kit
car insurance here)
- Underwriters will consider quotations for vehicle
transporters used solely to take classic cars to shows etc and for vehicles
off-road undergoing restoration.
- Other collectable vehicles will be considered -
tractors, ex-military, kit cars, American saloons, steam engines, commercial
vehicles etc - please ring 0870 7456247 to discuss matters.
Unacceptable vehicles i.e. underwriters wont take them
- Ferrari
- Lamborghini
- Maserati
Not every vehicle can be covered. We are interested in genuine
classic and collectable cars on this scheme
Unacceptable occupations (not a full list)
Artist,
amusement arcade, entertainment profession, fairground/ circus, general
dealer, journalist, licensee, market/ motor trader, model, musician,
professional sports person or unemployed.
Terms for conviction and claims history (applicable for
EACH driver) (please refer if the below are exceeded
- 1 Claim not exceeding £5000 in total (own damage and
third party costs)
- If any claim involves personal injury, costs more than
£5000 or is malicious damage/ vandalism please refer.
- Any non-motor criminal convictions must be disclosed and
referred
- Up to 2 CU, MS 10-30, MW, PC, PL, SP, TS
- ONE CD10-CD30 is acceptable for a 25% load if no other
convictions
- ONE IN10 is acceptable for a 50% load if no other
convictions
- ONE DR10-70 is acceptable for a 75% load if no other
convictions and ban does not exceed 12 months
Standard Rates
- Area 1 = All postcodes Except those below
- Area 2 = London (E,EC,N,SE,SW,W &WC),
B1-12 & 18-21, BD1-10, G1-5,NE1-15, OL1-12,SK1-5,SR and TS1-6.
- Unacceptable Postcodes :L1-36, 38, 41, 42 & 45 :
M1-34, 45, 50, 60 & 90 : BT (all)
Agreed Value
- Subject to vehicle being garaged and 4 up-to-date
photographs and a second vehicle
- If recently purchased the purchase price will be the
agreed value unless extra work has been done
| Area
1 |
|
| Vehicle
Age |
Pre
1941 |
1941
to 1979 |
1980
to 15 yrs old |
| Year |
1500
mpa |
3000
mpa |
5000
mpa |
1500
mpa |
3000
mpa |
5000
mpa |
1500
mpa |
3000
mpa |
5000
mpa |
| Age
of Proposer |
|
|
|
|
|
|
|
|
|
| 30
to 35 |
£84.00 |
£97.00 |
£133.00 |
£99.00 |
£115.00 |
£155.00 |
£139.00 |
£163.00 |
£217.00 |
| 36
to 49 |
£77.00 |
£87.00 |
£119.00 |
£90.00 |
£104.00 |
£140.00 |
£125.00 |
£146.00 |
£196.00 |
| 50
to 69 |
£69.00 |
£79.00 |
£108.00 |
£80.00 |
£94.00 |
£126.00 |
£112.00 |
£131.00 |
£176.00 |
Vehicles in Area 2 must be garaged
| Area
2 |
|
| Vehicle
Age |
Pre
1941 |
1941
to 1979 |
1980
to 15 yrs old |
| Year |
1500
mpa |
3000
mpa |
5000
mpa |
1500
mpa |
3000
mpa |
5000
mpa |
1500
mpa |
3000
mpa |
5000
mpa |
| Age
of Proposer |
|
|
|
|
|
|
|
|
|
| 30
to 35 |
£128.00 |
£144.00 |
£199.00 |
£147.00 |
£174.00 |
£232.00 |
£211.00 |
£242.00 |
£323.00 |
| 36
to 49 |
£114.00 |
£131.00 |
£180.00 |
£134.00 |
£156.00 |
£209.00 |
£188.00 |
£218.00 |
£294.00 |
| 50
to 69 |
£103.00 |
£118.00 |
£163.00 |
£120.00 |
£140.00 |
£188.00 |
£169.00 |
£197.00 |
£265.00 |
Premium Calculation
- Select the basic premium based on post code where kept,
mileage, age of car and age of proposer
- If the engine size is 4240cc or more DOUBLE the premium
+ additional £100 excess
- If the value of the vehicle is more than £12,000 add
£5.00 per £1,000 or part thereof
- Occasional wedding cover can be included - at 75% of the
premium.
- Commuting is covered (occasional and to/ from one place
of work)
- If the vehicle is NOT GARAGED then add 15% - an
additional £100 ADFTXS applies (Area 1 only)
- (The excess will be waived if a Thatcham I or
2 immobiliser fitted in last 3 years (proof will be needed)
- If you are a club member then deduct 10% (copy of card
must be provided)
- If all drivers are 40 or over
- Deduct 20% for all cars prior to 1959
- Deduct 10% for all cars from 1959 to 1978
- Finally add insurance premium tax (5%)
- If the premium is less than £68.25 (£65.00 +IPT) then
the premium is £68.25
Contact details: Please
use this form to request further details or ring 0870 7456247
Links to lists of our other main policies
Another classic car insurance policy is available
try our Classic car
insurance page for further classic car insurance schemes
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