PaulD76 Posted January 29, 2008 Share Posted January 29, 2008 Hi Guys.. Long time since I posted but daily reader! Just had a change of situation and need to tighten my belt a bit. Been forced to drive my wifes Ford KA (boy thats fun!!!!!!) and im hardly touching my supra. Prob done about 400 miles since September. So I figured I would declare is SORN and reduce my insurance. However, im shocked to find i cant get my insurance below 330 - this is with limited miles (3000), At the mo I pay about 500 so the saving is pretty poor. I have tried usual places of Admiral and Elephant, confused etc. Am even storing it at my parents which is the sleepiest village in the world. Got 10 years plus no claims and only alloy wheels. Cat 1 Clifford alarm. Also its just an SZ so i cant understand what more i need to do . I really would hate to sell it but at the mo im spending nearly 700 quid a year to drive it once every couple of months! Also I dont think id get that much for it (compared to the emotional damage of losing it!) Any thoughts? Any tips? Quote Link to comment Share on other sites More sharing options...
Class One Posted January 29, 2008 Share Posted January 29, 2008 Have you asked about laying up insurance whilst it's SORN'd? That might save you a few quid. Quote Link to comment Share on other sites More sharing options...
Daston Posted January 29, 2008 Share Posted January 29, 2008 isnt there something like "collectors" insurance that insures you for fire and theft but no 3rd party as the car isnt on the road Quote Link to comment Share on other sites More sharing options...
PaulD76 Posted January 29, 2008 Author Share Posted January 29, 2008 Class One When you saying 'laying' up insurance, is this different to 3rd party f&t? is this thru Car insurance firm as its not something ive ever heard of. Perhaps I should call one of the Insurance brokers and ask. It seems crazy that it only reduces by such a small amount. Collectors, My supra is 96 plate so isnt that too young for collectors? thought it was 15 or 20 years? Cheers for the suggestions - appreciated. Quote Link to comment Share on other sites More sharing options...
Class One Posted January 29, 2008 Share Posted January 29, 2008 Laying up insurance is when a car is declared off road and have no intention of using it for an agreed period. You'll have to speak to a broker or specialist direct, I doubt that the online services could provide that type of cover. It's a different kind of motor insurance with conditions applied to it, but could be ideal for your circumstances. Quote Link to comment Share on other sites More sharing options...
dangerous brain Posted January 29, 2008 Share Posted January 29, 2008 i have simply garaged mine and removed the important parts like my ecu and ignition unit. I will re-insure it again when I have the time or money to stick it on the road. When you get to cheap insurance age it doesn't really seem to matter that much what car you drive or how much you drive it. They are insuring you based on your previous insurance history more than anything else. Quote Link to comment Share on other sites More sharing options...
PaulD76 Posted January 29, 2008 Author Share Posted January 29, 2008 Thanks Class One, i will def be following this up tomorrow. Sounds like a good solution. Thanks Daston, cancelling insurance sounds a bit scary to me! altho i guess no one is gonna steal it with most of the parts missing! What if there is a fire? very unlikely and probably a calculated risk. My parents garage is full of crap and my house has no garage, so thats no really idea. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.