My experience in insuring unusual cars

It always seems to me that car insurance renewal is a stressful time of year. I often find that some companies will only offer annual payment options and after I was in an accident my drop in no-claims made this time of the year even worse. As I was paying monthly when I had the accident, I had to continue paying for the vehicle’s insurance for a further 6 months even though the vehicle was written off (I walked away with no injuries and the car was not in a bad shape, but the air bags would cost more than the car’s worth to replace). In fairness, I wouldn’t have got a refund if I had paid the annual cost upfront so this puts both methods of paying on a par.

I drive a 1.3l 1979 Volkswagen Beetle and this in itself presents problems when it comes to insurance as it needs to be Classic Insurance and most large companies refuse to even offer a quote for the vehicle because of its age. My husband owns a 2.5TD Volkswagen Transporter, otherwise known as a T4, which I am a named driver on. This also presents insurance problems as it looks like a ‘builder’s van’ but is in fact intended to be converted into a campervan; this means that we have had to find a company which offer’s Camper-in-Conversion insurance. This means that we have to have it converted by the end of the year’s policy and we pay £42.79 per month for this insurance.

As Classic and Camper-in-Conversion Insurance isn’t included in the common search engines, I have to individually call companies and give our details repeatedly. 2 years ago we discovered Lancaster Insurance who can cater for our eclectic collection of vehicles.

My insurance on my Classic Beetle costs £224.34 in insurance for the year. I am a 28 year old who has been driving for 10 years, but only has 2 years no claims and my husband is also on the policy. I paid an initial one-off amount of £43.26 and for the other 9 months I pay just £20.12 each time.

I did consider paying the £187.39 upfront on the Beetle as it is a relatively small amount, but our budget at the time wouldn’t allow it and £20.12 is an equally small amount to find on a monthly basis. Lancaster use Premium Credit to deal with the payments and I found out that they charge £20 a time for late payments, per vehicle, which does sting a little but it’s my own fault and I’m definitely more careful now!

In conclusion, paying monthly has its down sides like anything else, but it’s also convenient. My husband and I couldn’t afford to keep either vehicle on the road if we had to pay upfront every year for our policies. I see myself being a happy monthly car insurance payee for many years to come.

What are other motorist' experiences of monthly car insurance?

My student days      Insuring my Vauxhall Polo

Care to tell us about your experiences? Then please with your comments.