14-07-2022, 10:01 AM
(This post was last modified: 14-07-2022, 10:02 AM by Adam Brown.)
It may well be different for my family as we have a fleet of vintage vehicles (20 or so) and so have a fleet policy. This is by Hagerty but via One Broker (whom are local to us and looking to work their way into the vintage market, though I think fleets is their main focus).
They proposed an 'over 25' policy for us, which doesn't work as my youngest sister was at the time 22. She also owns some of the more valuable vehicles so their second proposal of only the cheaper stuff also didn't work.
Eventually we came to a common sense compromise. We agreed a list of vehicles she could and couldn't drive individually (so basically the master policy was Over 25's and she was a named driver on individual vehicles). Within two years, and with no misadventure they dropped the Over 25 from our policy so anyone with a valid license can drive now.
How useful this is to you I don't know. What it says to me is that with the right broker taking the right approach the underwriters are persuadable but its on a case by case basis. Do consider many younger drivers may look at a Classic as a way to 'game the system' and get cheaper insurance before tuning the thing to high heaven and wrapping themselves round a lamp post. Vintage Cars don't quite fall into that bracket but I'm not sure underwriters quite 'get it', to us Veteran, Vintage, Classic make sense, to most of them I'd imagine its just historic vehicles.
For what its worth I think the personal approach with a dedicated broker / contact is probably the only easy way forward. I can't see many firms when rung out of the blue saying yes to an Under 25.
Prior to the fleet policy we put our Chummy in her name and she did get insurance on that at around 20/21 for not a huge amount though I can't remember the specifics.
They proposed an 'over 25' policy for us, which doesn't work as my youngest sister was at the time 22. She also owns some of the more valuable vehicles so their second proposal of only the cheaper stuff also didn't work.
Eventually we came to a common sense compromise. We agreed a list of vehicles she could and couldn't drive individually (so basically the master policy was Over 25's and she was a named driver on individual vehicles). Within two years, and with no misadventure they dropped the Over 25 from our policy so anyone with a valid license can drive now.
How useful this is to you I don't know. What it says to me is that with the right broker taking the right approach the underwriters are persuadable but its on a case by case basis. Do consider many younger drivers may look at a Classic as a way to 'game the system' and get cheaper insurance before tuning the thing to high heaven and wrapping themselves round a lamp post. Vintage Cars don't quite fall into that bracket but I'm not sure underwriters quite 'get it', to us Veteran, Vintage, Classic make sense, to most of them I'd imagine its just historic vehicles.
For what its worth I think the personal approach with a dedicated broker / contact is probably the only easy way forward. I can't see many firms when rung out of the blue saying yes to an Under 25.
Prior to the fleet policy we put our Chummy in her name and she did get insurance on that at around 20/21 for not a huge amount though I can't remember the specifics.