Insurance for vehicles over 10 years old

Silvera

Now that the NCT has been operational for several years -

Why are most insurance companies still refusing to quote for vehicles over 10 years old ?


If a vehicle passes it's NCT, then insurance companies should offer cover.

They would even have to pay out less money , if such a vehicle was ever written-off in an accident !

Silvera.

ButcherOfNog

eh? what u on about? lots of insured 10yrs+ old cars on the road. I'm having no problems getting insured on my 11yr old 92 prelude.

Silvera

"Most" insurance companies - not all of them.

DMC

That shouldn't be an issue.

Even if a car was 4 years old, but didnt go through the NCT, it couldn't be insured.

If you find an insurance company that doesnt insure 10 y-o cars and older, even if they have an NCT, name and shame.

TomF

I was told by the AA they don't insure cars over 12 years old. Quinn Direct was double the price of AXA and Hibernian. Strange.

Seth Brundle

I am after renewing my insurance on my '89 bmw and had difficulty with many companies who just didn't want to know about a car that age.
In the end I renewed the policy I had with Axa through the AA. As with previous years when I received the quote from them for €690 I asked was it the lowest on offer (apparently it was this time) and as the renewal notice was sent out in August (with a renewal date of Sept 10). I asked again in Sept was this the lowest. Not only was the renewal quote from Axa still the lowest but it had dropped to an even €600.

opto

If you have an exsisting policy just transfer it, They can't refuse you (running a 12 year old motor and they didn't need the NCT details).
Brokers are normally easier to deal with as they understand the industry, online and telephone insurance services I find are only good for estimating cost of cover, my broker has always got me the cheapest/best deal.

Always play one insurance company off another to get the best deal

Seth Brundle

Just further to my post above about how I managed to get my policy down in price (with the AA), my wife tried it with them yesterday and was told that her renewal price was the lowest price available from them. I rang today and I managed to pull it down €590 to €440 - it pays to try:D

Silvera

My point seems to be lost on some people here

If you buy a car that is, say, 16 years old, and has passed it's NCT, no insurance company should refuse to give you cover because of the age of the vehicle !

I know that if you have a current policy, or start a policy with, for example, a 10 year old car - and keep it for another 4-5 years, most companies will give you cover.

BUT - if you want to start a NEW policy, with an older car, most of the companies here will refuse your business.

THIS DOES NOT HAPPEN IN THE UK OR EUROPE - Just look at all the older cars on their roads.

(For the record - I drive a six year old car.)

Silvera.

K2

threaten to take them to court for discrimination - ageism:D

Seth Brundle

They do it because they can!

Silent Bob

Originally posted by kbannon
They do it because they can!

like every other way they screw you over with insurance in this country...

Silvera

Insurance companies may have had good reason to refuse older cars in the past - there were a lot of wrecks on the road - but not any longer, now that the NCT is with us.

Seth Brundle

did they refuse older cars in the past though (say 4 or 5+ years ago)?