Insurance for Club Permit cars

Started by GeeTV, July 10, 2012, 02:07:20 PM

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GeeTV

I shouldn't be surprised but insurance for my Alfa with 45 day club permit registration has increased this year by 200%.
No changes to the policy & no claims have been made.

Surely there is an insurance provider with reasonable rates?

alfagtv100 (Biggus)

Hi GeeTV,

I am insured with Shannons (1971 105 coupe).  When I changed my rego to the club permit last year, they actually reduced my premium slightly.

Cheers,
Marco.
Marco Leoncelli
2017 Giulia. Yeah, baby.
1971 1750 GTV Coupe Series II
Past: 2008 159 Ti V6 3.2, RenaultSport Clio 182 (smuf blue).

Paul Gulliver

I have a  1973 105 coupe and had the same experience with Shannons as Marco. Slighty reduced premium on what i though was a very competively priced policy
Paul Gulliver
Present
2017 Silver Giulia Veloce
1979 Silver Alfa 116 GTV Twin Spark
1973 Red Alfa 105 2.0 GTV

Past
2013 Giulietta QV
2006 Black 159 2.2 J
1970 Dutch Blue Series 2 1750
1975 Blue Alfetta Sedan 1.8
1981 Piper Yellow Alfetta GTV 2000
1985 Red Alfetta GTV2.0
1989 White Alfa 164
2000 156

GeeTV

Thanks for the replies - Are you both saying that your premium was only slightly reduced when going from standard road registration to a restricted club permit?  I would've thought it should drop by more than a reasonable amount when you consider that your vehicle will only be on the road a maximum of 45 days a year compared to a possible 365.
Really, it should drop significantly.

In my case, it was just a simple renewal of a policy for my car that was already on club permit registration - I'm very disappointed.
Just when Vic Roads makes classic car ownership more attractive, the insurance companies have to go & take advantage.

I wonder if the AROCA has ever investigated the possibilities of becoming a player in the automotive insurance game?

Paul Gulliver

#4
I haven't got the exact figures with me but both my 105 & 116 are on CH and the premium for comprehensive cover is about $250 per car on a 90 day permit. Most people are paying about $1,000 0n their daily driver. I think thats pretty reasonable value.

QuoteI wonder if the AROCA has ever investigated the possibilities of becoming a player in the automotive insurance game?

There might be lots of insurance names out there but the reality is there is only about 4- 5  underwriters left in the country all of significant scale. I don't really see it as a business opportunity for AROCA.
Paul Gulliver
Present
2017 Silver Giulia Veloce
1979 Silver Alfa 116 GTV Twin Spark
1973 Red Alfa 105 2.0 GTV

Past
2013 Giulietta QV
2006 Black 159 2.2 J
1970 Dutch Blue Series 2 1750
1975 Blue Alfetta Sedan 1.8
1981 Piper Yellow Alfetta GTV 2000
1985 Red Alfetta GTV2.0
1989 White Alfa 164
2000 156

Evan Bottcher

My third-party-only insurance on a car with 45-day club permit was just a bit cheaper than third-party on my full-reg car.  Not a huge discount.

I always expected the insurance to go up with the new less-restrictive club permit scheme.  Cars previously would be driven only to club events, mostly on weekends - light traffic etc.  Many cars are now going on club reg for occasional use for any purpose, and even cars that aren't so well cared for.
Newest to oldest:
'13 Alfa Mito QV
'77 Alfasud Ti
'74 Alfasud Sedan
'68 1750 GTV
--> Slow and Fun - my Alfa journal

John Hanslow

From what I understanding Shannons and LSV should be offering a discounted insurance on Club Permit cars.  In fact the best way of putting it is that insurance (and risk) is based upon many factors including the amount of time a car is on the road.

So with multiple vehicle ownership, it is recognised that you only drive one at a time and a car that has limited use has insurance priced accordingly.  You may have to explain this fact if it is missed by just getting a quote for 1 car, not the lot. 

I got limited use insurance for my 8 year old 147 as I catch the train to work and only drive on weekends.

QuoteI wonder if the AROCA has ever investigated the possibilities of becoming a player in the automotive insurance game?

We had that some years ago but currently LSV offer a 'discount' for club members so there we go, members get a benefit and membership officer has a bit of free time.
Now:
2011 Giulietta QV

Previously:
1989 164 3.0  V6
2002 156 Twin Spark Sports Edition
2002 147 Twin Spark
2002 916 Spider Twin Spark
1990 Alfa 75 Potenziata

GeeTV

Quote from: Evan Bottcher on July 11, 2012, 01:58:32 PM
My third-party-only insurance on a car with 45-day club permit was just a bit cheaper than third-party on my full-reg car.  Not a huge discount.

3rd party?  So the value [vintage/rarity of parts] of the car insured in this case is irrelevant and still the discount for restricted road use is not significant.
I don't have any experience in the insurance industry but this just does not sound right.

GeeTV

Can anyone recommend any other insurers apart from Lumley & Shannons?