auzziejim
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| posted on 5/3/03 at 11:18 PM |
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Insurance
I hav just reciveved a quote from Footman James for insurance on an MK Indy with 1.6 Pinto. Im 17 with no ncb. fully comp, 3000 miles pre year with
legal protection and european beakdown recovery all for £1030
I cant even get insured on a 1.0l Nova for that i am totally amazed here guys! thats the first place iv tried aswell!
James
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David Jenkins
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| posted on 6/3/03 at 09:11 AM |
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Gasp! £1030!!
The limited mileage quotes are worked out on an average of 10,000 miles per year, so if you tried to get a quote for the Locost in normal use you
would probably be paying approx £3500...
...but then they'd say "Oh, you want it as your main vehicle, not as a 2nd car/toy" and either not quote you, or make it nearer £5000!
There are a few advantages in being an OF (Old Fart)! 
rgds,
David
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Findlay234
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| posted on 6/3/03 at 02:11 PM |
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as you say..........a few............and only a few.....
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mdc124
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 posted on 14/3/03 at 06:02 PM |
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Pooh!
Footman James have caught on!
Quoted for Seven replica with 900cc engine - £126+50xs
Updated quote "900cc that must be a bike engine sir!" £308 - Cheery arses
Sureterm have quoted £208 + 100xs so i'm still happy(ish)
Http://www.farend.co.uk/
The first MK Turnkey Indy
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Mark H
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| posted on 17/4/03 at 01:02 PM |
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Quotes today for a 1700 fully comp with legal, driver right side of 30 (just):
MSM Insurance: £268
Kitcar Insurance: £222
Adrian Flux: £173
Guess Adrian gets it!!
#
Mark Harrison and
Q986 KCP back from the dead...
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chrisg
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| posted on 17/4/03 at 06:53 PM |
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Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha !!
£75.60 fully Comp
Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha !!
Yes - Old, no Experienced
Cheers
Chris
39 - full no cliams Ha Ha Ha !!!
Note to all: I really don't know when to leave well alone. I tried to get clever with the mods, then when they gave me a lifeline to see the
error of my ways, I tried to incite more trouble via u2u. So now I'm banned, never to return again. They should have done it years ago!
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Willie
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| posted on 24/4/03 at 10:35 PM |
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James,
I take it you are in England? I can't even get a quote for my 1300Xflow Locost (17yr old) in N.Ireland.
I got a quote for my Chevette, 1256cc '83 Hatchback, 17yr old...£5600. The world's mad.
Willie
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auzziejim
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| posted on 25/4/03 at 08:47 AM |
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willie, i am in england and in rural england to boot. how ever i think you will need to shop around for your insurance £5600 is pathetic! maybe you
need to join the saxo boys and take advantage of the free insurance
James
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ned
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| posted on 25/4/03 at 09:36 AM |
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i used to have a saxo, am shot of the thing thank god but the age for the insurance has gone up to 21. it's 19 on the deal for a new fiesta and
corsa too i think.
my everyday car insurance is near a grand and i had 2 claims (one not my fault but couldn't prove it - bloody bus drivers) I'm 21 and will
probably trailer my seven around and use it for trackdays only.
beware, I've got yellow skin
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andyd
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| posted on 25/4/03 at 02:02 PM |
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All you "older" guys that have quoted your quotes...
...are these figures on a policy that has your Locost as your "main" car? IIRC you can only use your NCB on one policy. This means that
if this is your second car then you can't use the NCB.
Or rather you can but in the event of an accident the insurance company are likely to find out and say bye bye no money for you or any other parties
involved leading to a court case and possible imprisonment and then having to sell both cars to pay for it all 
Admitedly this is a worse case scenario...
[Edited on 25/4/2003 by andyd]
Andy
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Simon
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| posted on 25/4/03 at 02:44 PM |
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Andy,
I think you have a valid point, but generally for normal cars is when this will apply.
I think you may find that specialist (kitcar/classic etc) you will be able to retain your NCB use on a normal car, and get a good price on a kit
etc.
When I had a Range Rover (1990) I had it on a classic policy, and was told my NCB wasn't taken into consideration (coz it wasa classic). I
questioned whether I could then allocate my NCB to another vehicle - which was ok - I guess this way, you could have a good few classics in your
garage!!!!!.
ATB
Simon
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David Jenkins
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| posted on 25/4/03 at 02:57 PM |
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Most of the forms I've seen for kit car insurance are based on the premise that the kit is the second car. You usually have to declare
up-front which is the main car and which is the limited mileage "toy". If it's your main car then you'll attract all the extra
costs associated with a fast sports car. Insurance companies associate "limited mileage" with off-peak, fun use that's fairly
low-risk as far as they're concerned.
If you say that the kit is your main car then the price escalates rapidly. As I said up the top, policies are based on a fraction of a year's
"normal driving", i.e. 10K miles/year. If you declare that you will do 10K per year then even O.F.'s policies get expensive! Mind
you "expensive" is still proportional to your age...
Any reference to ncb is used only to set the initial cost of the policy - a sweetner, if you like.
With any purchase of insurance, if you state all the facts honestly and fully at the outset, it's very hard for them to welch on the deal.
David
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