Just bought a bug and looking to get some insurance quotes before it hits the road, what sort of things should i be specifying in the contract?

I know things like agreed value but what about things like drag days and track days at warwick? can i have it so it is repaired and not wrecked or written off at the drop of a hat. what should i be looking for and who will give me the best deal, I have read a few with the search function and found people with Lumleys and Shannons (some having issues with) and gio. what have you gone for and why?

This bug is not worked or hotted up, all standard 1970.

i went for full salvage right to the car, already had to use it once already.
other than that, full comprehensive with agreed value and the rest of the works.

From a classic car repairers point of view, we have found Shannons fair to deal with. We have repaired a hail damaged Beetle as a Shannons claim.

We have also had quite a few cars written off as you say, as the cost to repair them PROPERLY was above the value insured. This can happen if the vehicle was underinsured. The owners keep the car, and they are not taken off the road. The owner does what they want with the car.

Shannons good, we not covered from track days , drags

Although some Shannons sponsored events have insurance for Shannons insured vehicles allowed. We repaired a vehicle that was damaged on a Classic Adelaide race. It was more than $50K damage and Shannons accepted the claim as it was a race at one of their sponsored events.

I've been insured for Shannons for about ten years. I've had to make three claims at various times, no hassles at all. If I change something on a car it's never a problem and they've even pointed out to me when they thought I'd undervalued one of my cars and suggested increasing the agreed value. Lumley is a little cheaper, but I'll stick with Shannons.

Cheers,

Lumley's has a classic car policy LSV (Lumley Special Vehicles). Parent company being Wesfarmers General Insurance Limited.

LSV is very well priced. You must check the policy suits your vehicle and your usage. They wont insure two of our cars, but the policy price for another car was more than 50% less than another company with double the agreed value allowed.

I have all my vehicles with shannons. They are by far the best insurance company I have even delt with. Customer service is tops, pricing is great. As an added bonus, you can get cheaper greenslips for vehicles registered with them. Plus if you have multiple vehicles, you get discounts on the insurance premium.

Yep, Shannons gets my vote - discounts for multiple policies, a pleasure to deal with, as LEE said they do pay by the month if you need too. I haven't had any problems to speak of and have had a number of motorbikes and cars with them over several years.

Excellent responses everyone, thanks for your input. All taken into account when i give them all a call. If anyone else has anything to add fell free as the more information to go on the better

I called Shannons for my '73 Type 3 and they said they wouldn't insure me Allianz said they wouldn't insure me either. I'm 25 and never had an accident! NRMA insured me and I pay $350 for agreed value. I have no idea about salvageable rights though.

I must have been crissed as a picket when I wrote that reply Lee. All the spelling mistakes and also a double word! Fixed it up now I think.

DH