101 Insurance

I'm digging this up as I too am having difficulties finding insurance for the 101. My speeding infringements have caught up with me, despite no loss of demerit points in over two years both Shannon's and SGIO Classic will not insure me. I can insure a 6.0L V8 SS Commodore and all the insurance companies care about is no loss of license but a 2 tonne 4wd that struggles to hit 100km/h and its flat out refusal.

Most of the majors wont touch it as its over 35 years old or not in their system.

The only viable option with SGIO is third party fire and theft which I would be fine with except that the value can only be a max of $10k... I'm mainly concerned about the theft of the vehicle and coverage for accidents where I'm at fault so would be miffed if it gets stolen and I only get 10K back. Maybe I just need to invest in some anti-theft devices and sat-tracking to get the third party coverage.

I'm going to try Lumleys in the next couple of days to see what they offer.

Geez, no good mate. How long do you have to keep your nose clean before they will insure you?

Just for those that are interested I just updated my insurance with Shannon's as I've now got the 101 on club reg. Just under $284 per year with an agreed value of just under $30K. 1st option on the wreck should it be written off and a free windscreen each year. I'm going to put that one to the test shortly - see if they realise what they're up for. $500 excess.

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Originally Posted by bacicat

Geez, no good mate. How long do you have to keep your nose clean before they will insure you?

Just for those that are interested I just updated my insurance with Shannon's as I've now got the 101 on club reg. Just under $284 per year with an agreed value of just under $30K. 1st option on the wreck should it be written off and a free windscreen each year. I'm going to put that one to the test shortly - see if they realise what they're up for. $500 excess.

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SGIO only allow one infringement within the last two years for their classic cover, and Shannon's allow 4 in 5 years.

I got mine bundled in with a couple of bikes with Shannon's so it was covered when I shipped it from Qld and for fire and theft, think it was only an extra $30. I assume that it might be a bit more when it's on the road

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Originally Posted by stuee

SGIO only allow one infringement within the last two years for their classic cover, and Shannon's allow 4 in 5 years.

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Sounds like you've been a bad boy...:D.

How long will it be before you meet that criteria?

Not directly relevant, but a couple of weeks ago I was renewing insurance on both the 110 and the 2a with NRMA. A very helpful lady pointed out to me that since I had the 110 comprehensive and the 2a third party only, I should change the 2a to "Classic, Vintage and Veteran", which requires the vehicle to be thirty years old, limited mileage per year, and you need to have another car, not on this.

I followed this suggestion, it is now comprehensively insured for $7,000 for 30% less than third party only. Undoubtedly helps that I have several other policies with them and have had some for twenty years.

John

The RACV in VIC have a 'veteran, vintage & classic' policy, I think the vehicle has to be 15 years old.
Put my Defender on a policy with them and made a big saving over Shannons plus they allowed a higher agreed value than Shannons would.

RACV farm it out to another insurer and having multiple policies with RACV doesn't reduce the Classic policy price (but it was still cheap, cheaper if you are a member). You do get roadside cover but automatic salvage rights don't kick in until the vehicle is 25 years old.

car insurance for veteran, vintage & classic vehicles - RACV


Colin

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Originally Posted by bacicat

Sounds like you've been a bad boy...:D.

How long will it be before you meet that criteria?

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I've never really given speeding fines without demerit points a second thought until yesterday as I've never been asked about them for insurance purposes. I'm not sure why they take a different stance on classic cars over equivalent value modern cars.

Ill be clear in March next year for Shannon's but even if I go the route of my Wife or Father insuring it now, all drivers need to be listed and meet the same criteria. It looks like I'll go third party fire and theft until then and take extra precautions around securing the 101 when its not in use.

What about insuring in your wife's name?
Does WA allow registration in joint names?

Also try suncorp.

Stu,

Have you tried going through the WA 4WD association as they have a good insurance scheme for most 4wd`s. You would have to join an affiliated club ( such as TeamW4 :) ) but might be worth a try

I will get contact details for their insurance rep if you want to give it a try.

Cheers

Ian