2nd Car needs insured

The_Jester

I bought an Audi 80 M reg the other day from a workmate. It was too good a deal to turn down.

I currently have a car which is insured with Adrian Flux. I called them today to get a quote for the Audi and they're quoting me £375! Obviously they can't take in to account my no claims bonus as this is with my first car. While I don't necessary agree with this as I can't drive both cars at the same time I'd appreciate some options from anyone who perhaps has been in a similar predicament?

dacouch

Try other brokers as there are plenty of companies who will "mirror" your no claims bonus on a second car. If you have a wife / partner you may find it cheaper in their name.

P.S You might be able to get a Collectors Car on a car like that, you normally need to garage it and do a low mileage. The premiums are seriously cheap if you qualify. It might be worth trying the Audi owners club or look at their or other Audi websites as they will probably have an Insurer they have a scheme for.

The_Jester

I tried a few other companies that 'claim' they mirror but they were even more expensive.

I may ask my brother in law to register it in his name and I'll pay for his insurance and I'll drive it 3rd party on my first cars insurance. Can you see any flaws with this?

toptip

Does your brother in law have NCD he could use - otherwise I can't see this as a cheaper alternative - if anything it could be more expensive, especially if you're going to keep the car at your home address when the policyholder lives elsewhere.

As far as a legal point goes - that really depends on your own insurance. Do you have driving other cars on your current policy? Remember that some insurers have removed it or put restriction on it, such as "emergency circumstances relating to an accident or injury".

I'd personnally go down the route suggested by dacouch with classic car cover on a restricted mileage.

While I don't necessary agree with this as I can't drive both cars at the same time

True - but while your driving one, you're 2nd car could be stolen, set on fire, hit by an uninsured driver whilst parked outside your home, etc, etc.

Quentin

Do some virtual quotes to find out which of your cars is the most expensive to insure (with your current ncd).

Then apply your earned ncd to the most expensive one (thereby getting the most value out of your discount).

Then see what you can get by way of an introductory discount via a broker for the remaining car. Compare this with the best cashback premium via quidco before making the final decision.

The_Jester

Okay thanks for the replies. I've already taken in to account that my first car would be the best to use my ncd as that is by far the better car.

Which companies specialise in collectors cars? I may go down that route.

br1anstorm

There are lots of brokers who specialise in collectors cars - try Heritage/Norton, Carole Nash, Asset Trust, Richardson Hosken, Peter Best, Lancaster, maybe Firebond. Steer clear of Sureterm Direct - I've had bad experience with their ripoff admin charges.

Another avenue worth trying is to go to Primo or Tradex. If you have more than one or two collectors cars as well as a daily-driver, they can all be insured under a collective or 'fleet' policy. These brokers will quote for private individuals - this is not just for businesses.

br1anstorm

dacouch

Someone recommending Tradex...lol

br1anstorm

dacouch wrote: »

Someone recommending Tradex...lol

That's a bit cryptic. As are other posts about them. Maybe you'd care to explain? If they're no good, it would be helpful to other forum readers to know why...

Incidentally I didn't recommend them. I had just heard of them as a possible provider of of multi-car insurance cover. My various cars are still insured with assorted separate insurers.

br1anstorm