While we’re on the subject of insurance, we asked the team at Lancaster to update us on how other factors can affect your premium, both down as well as up.
Why does belonging to a car club such as the MX-5 Owners Club potentially reduce your premium?
Through our long association with car clubs we know that members often treat their cars as part of the family. As members are therefore more likely to take great care of their car, discounts for club membership are offered.
What about new/young drivers and MX-5 insurance?
Drivers aged 17–19 only make up 1.5% of UK licence holders , but are involved in 9% of fatal and serious crashes where they are the driver. One in four 18–24-year olds (23%) crash within two years of passing their test.
An MX-5 is a fairly powerful sports car and, perhaps even more significantly, it’s rear-wheel drive. This makes the car behave differently, particularly in poor conditions. However, it’s not all to do with age, it’s more about the overall profile.
We would always advise calling us if you’re a younger driver so we can discuss your needs. And Lancaster has recently created a specific scheme for MX5OC members that considers younger drivers and offers a club rate for true enthusiasts.  Data obtained from http://www.brake.org.uk/slowerspeeds-save-lives/15-facts-a-resources /facts/488-young-drivers-the-hardfacts
With early MX-5S approaching 30 years old, do they qualify for classic insurance?
Lancaster normally offers cover for all ages of MX-5 on our classic schemes, as long as the car is used in the ‘classic’ sense – that is, as a second vehicle which covers a limited mileage. Discuss your circumstances with your insurer for an accurate quote.
What’s the insurance benefit of a low mileage policy?
If your MX-5 is only used for 1000 miles or so a year, then it stands to reason that you are less likely to be involved in an incident compared with someone who drives 10,000 miles annually. Therefore we can usually offer reduced premiums to customers who don’t travel far in their cars.