Hi Folks,

Am in the UK and about to buy a 40 year old M635csi. I got a quote from Hagarty for classic car limited mileage insurance at around £600 a year. This is based on it having a set agreed value so if it's a total write off or unrecovered that's what they pay you.

I was surprised to find that Admiral say they can add it to my other 2 cars, with social and commuting use for me and wife, with European breakdown cover for £260! But that's not on an agreed value basis - but surely they would still have to pay out a fair amount if totalled? 

Any thoughts on classic Vs regular car insurance here? I kind of assumed Admiral would just not cover it as such an old car - or would be really expensive.

thanks
Ken

 

Morning Ken

Take care here my X5 E53 4.6is only 800 ever registered in the UK and less than 200 left on the road is on a Classic policy with agreed Value. My other cars are like you with Admiral the danger is that the mainline companies will use valations from an assessor employed by them or a general panel, ask We Buy any Car for an estimate of what your 635 is worth !! My agreed value is £9k (I was offered more last year at Goodwood) We Buy any Car tell me its worth £700 

Just my thoughts

Dave

 

thanks Greydog - yeah that's my worry and I guess you never find out what Admiral would pay out till you make a claim.

Maybe after arguing and proving you can't source a similar car with similar condition they would pay up but I suppose 'similar condition' is a very vague thing. Thinking I'll pay the extra for agreed value policy. 

I'm just amazed Admiral can include 90 days free European breakdown cover for a 39 year old car - maybe they just have one guy in France with a 2CV and a tow rope 

Ken

 

Hi.

Please feel free to give us a try for insurance if you wish.

Regards,

Dan.

Hi Dan - already did and looking pretty good actually 🙂

On 5/20/2025 at 11:46 AM, Ken635 said:

Hi Dan - already did and looking pretty good actually 🙂

Thanks for giving us a try.

Regards,

Dan.