Carole Nash launches new "Modern Classics" policy

Carole Nash has introduced a new motorcycle insurance category – the modern classic – which means owners of bikes that are just ten years old or more can now claim discounts of up to 26 per cent on their premium.

Typically, to qualify for lower cost classic insurance brokers demand that bikes must be anything between 15-25 years old.  But the move by the UK and Ireland’s biggest motorcycle insurance specialist means that owners of modern classics like the Honda Fireblade can also now slash the cost of their annual cover.

For example a 40 year-old riding a 1997 BMW K1200 RS could cut his premium by up to 26% - £62 – by switching from a modern to the new modern classic policy*.  But despite costs being cut, cover isn’t. Every modern classic policy includes, as do all Carole Nash motorcycle policies, extensive UK and European breakdown cover, up to £50,000 in legal protection cover and a ‘Green Card’ for travel in the EU. In addition owners can secure “agreed value” cover which is particularly valuable if you have a rare machine whose value can’t be easily established with a quick glance through a bike magazine. This means you can agree a value up front then, if the worst comes to the worst, you’ll know you will receive a settlement that reflects the true rather than notional worth of your bike.

Excesses, which are set at £125 are also much lower than most demanded elsewhere and bikers can cut their premium cost further by specifying a limited mileage.

*Summary of BMW quote example provided:
Motorcycle: BMW K1200 RS; Manufactured 1997;  Official German import. Not modified.
Parking: Brick Garage
Rider: Resident Stoke, Staffs; Male; Married; Aged 40; Full licence held 10 years; 5 years no claims bonus
Policy: 12 months comprehensive; Protected no claims bonus; Mileage limited to 1500. Other benefits as quoted.