I'm looking at buying a 2003 E39 530i msport auto. I have been a customer with Autoline insurance for many years but unfortunately they have said the cars all need to be 20+ years old to qualify for classic insurance (despite the fact I have had a 2002 306 Cabriolet insured for the past 3 years). What options are there for insuring such modern classic cars? I'm only going to be using the car for weekend trips and it is going to be doing very little miles.
Insurance for "modern classic"
- Thread starter Bryan
- Start date
adzy
RMS Regular
Limited mileage policy? Prob need to get a policy with an agreed value if its a future classic
Crow555
RMS Regular
I had the same issue with Autoline trying to insure my DC5 (although at the time it was 15+ years for non-imports, 20+ for imports) and found Greenlight very helpful. I think Greenlight have (or used to have) a policy of not insuring BMWs for some reason, but worth checking. There's also Adrian Flux and Footman James too.
My policy covers me for 3k a year (I get nowhere near that) with a number of basic mods included if I wanted.
dh1079
RMS Regular
I had same issue trying to get my 645ci on classic no where would quote me
Give Pace Ward a call, that's who I'm with on the M3. They got me a limited mileage policy much cheaper than any alternative company could.
www.paceward.com
Pace Ward: Commercial & Private Insurance Brokers
Providing a variety of flexible insurance solutions for over 35 years, Pace Ward have the expertise to tailor insurance policies which match your ...
www.paceward.com
- Thread Starter
- #8
Give Pace Ward a call, that's who I'm with on the M3. They got me a limited mileage policy much cheaper than any alternative company could.
Pace Ward: Commercial & Private Insurance Brokers
Providing a variety of flexible insurance solutions for over 35 years, Pace Ward have the expertise to tailor insurance policies which match your ...
Tried these guys and CIP insurance both of whom declined to quote. No one wants to know...
Burt2000
RMS Regular
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- Type RA Ltd
I tried everywhere myself with the impreza and because it was an import nobody wanted to quote. Admiral on a limited miles policy was the best I could get for a few years until this year when it reached 20 year old and autoline accepted it on a classic policy.
mike150
RMS Regular
Just go to Admiral Multicar, that's what I did after getting fed up trying to insure different cars and all the hassle with it.
My E55 was under 20 years old for both the years I insured it, both were with Autoline. It would have only turned 20 this month.
The cheapest classic I had ever insured, was the Golf GTi on an Admiral multicar. I think it was £94 or something silly
The cheapest classic I had ever insured, was the Golf GTi on an Admiral multicar. I think it was £94 or something silly
- Thread Starter
- #12
Admiral is £544.32 for 6000 miles. I think my biggest problem is that I don't have a proper actual car due to having a company car however I do own a van, motorhome and many other cars but this doesn't matter. No accidents, claims or convictions.
mike150
RMS Regular
I'm not paying much more than that for all 3 cars each of which have a lot more value than an E39 M5 never mind a 530i- Thread Starter
- #14
It's become a joke. I pay £350 odd for van insurance, £300 for motorhome insurance, £300 for classic insurance (covers like 4 or 5 cars) and the wife's car is £300 odd as well so it's just not justified for a weekend car to cost more than any of those.